hougang selected as a 2020 fortune china 500 companyrelease time：2020-08-19 10:35:13
on july 27, fortune chinese.com released the 2020 fortune china 500 list. taking into account the performance and achievements of the world’s largest listed chinese companies in the past year, the shougang co., ltd. was among the top one-third of the list, ranking 150th overall.
since its listing in 1999, the shougang co., ltd. has always moved with the times, with users, with employees, and with shareholders, conforming to and following the laws of industry development, market competition, and corporate growth, and has vigorously promoted regional layout adjustments to achieve significant asset quality and enterprise scale improvement; they have also vigorously promoted scientific and technological progress to achieve a significant increase in core technological advantages, insisted on creating value for users, and realized the transformation from a product manufacturer to a high-end material service provider; and they have insisted on relying on employees to run an enterprise to realize the common growth of people and enterprises.
in 2019, the shougang co., ltd. insisted on green manufacturing, intelligent manufacturing, high-quality manufacturing, lean manufacturing, and precise services to go hand in hand, creating a new pattern of high-quality enterprise development, and the domestic market share of ten high-end product clusters such as automotive plates, electrical steel, and tin-plated plates ranked at the forefront; it has fully forged its green and environmentally friendly power, and has become the first company in the country and the only company in the steel industry to pass full-process ultra-low emission assessment and acceptance; it has successfully launched a well-built production and sales integration project, achieving major management changes in the integration of production and sales, the integration of management and control, and the integration of industry and finance; it has supplied products to 23 fortune 500 companies and 52 fortune 500 companies in china; it has maintained its status as the first domestic supplier of bmw and great wall; it has used oriented electrical steel products in key clean energy transmission projects such as the zhangbei-xiong’an uhv project, the baihetan hydropower station (with the largest installed capacity in the world), the wudongde hydropower station and other major national engineering projects. entering 2020, in the face of the sudden outbreak of covid-19, the shougang co., ltd. has focused on epidemic prevention and control as well as on production and operation construction, achieving a continuous improvement of its operating quality.
the total operating income of china's listed companies in the fortune 500 this year is understood to have reached 50.5 trillion yuan, an increase of 11% over the previous year; net profit reached 4.2 trillion yuan, another increase of over 16% over the previous year. the annual revenue threshold of the listed companies is close to 17.8 billion yuan, an increase of nearly 10% compared to last year. the shougang co., ltd. ranked 150th with an operating income of 69.151 billion yuan in 2019 and a profit of 1.251 billion yuan.
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