A new round of Fortune 500 companies has just been born, China Machinery Industry Group Co., Ltd. Listed on the list, ranked 434th. This is the first time that SINOMACH has been selected for this list, and it has also become the first Chinese machinery industry enterprise to be selected among the world's top 500 companies except the automobile industry. This is not only the glory and pride of the 100,000 nationals, but also a great event in the history of the development of China's machinery industry. On the evening of July 7th, Beijing time, Fortune magazine released the list of the world's top 500 companies in 2011. SINOMACH successfully ranked among the world's 500 companies with its sales revenue of US$22.487 billion (15.22 billion yuan) in 2010. . According to the "Fortune" Chinese website, Wal-Mart once again became the top of the Fortune Global 500 list. At the same time, in this year's list, Chinese companies are also very eye-catching. In mainland China (excluding Taiwan), 61 companies have entered the Fortune Global 500 list, an increase of 15 companies over the previous year. The number of companies has risen for the eighth consecutive year. If it is included in the list of companies in Taiwan, the number of listed companies in China will reach 69, which has surpassed Japan, second only to the United States (133). Among the 15 companies on the list, 13 companies including SINOMACH were listed for the first time. This year, the threshold for the Fortune Global 500 was about $19.5 billion, an increase of $2.4 billion from the previous year's $17.1 billion. The list of companies in mainland China is distributed in 22 industries. The most listed companies in the list are metal products, and a total of 8 companies are on the list. As the only Chinese machinery industry enterprise except the automobile industry, the selection of SINOMACH is very valuable. In the fully competitive machinery industry, SINOMACH does not have special resources and policy advantages, but SINOMACH has realized its dream of entering the world's top 500 on its own. The machinery industry is the basic industry of the national economy and is known as the "mother machine" of modern industry. Although after years of efforts, China's machinery industry has achieved rapid economic growth and scale, but the overall situation of the entire machinery industry is not fundamentally changed. In many industries of the machinery industry, it has not entered the wealth before. "The world's top 500 non-automotive manufacturing companies. The entry of SINOMACH into the ranks of the world's top 500 is also a gratifying result of China's machinery industry transforming its economic development mode and promoting industrial transformation and upgrading in recent years. In recent years, SINOMACH has achieved leap-forward development through a series of fruitful initiatives such as strengthening the main business, improving the industrial chain, strengthening scientific and technological innovation, and promoting the integration of internal and external resources. During the “Eleventh Five-Year Plan†period, SINOMACH realized a 340%, 132% and 282% increase in operating income, total import and export volume and total assets, respectively. The total profit increased by 574%. From January to May this year, SINOMACH continued to maintain a strong momentum of growth with operating income and profit growth of nearly 40%. Entering the world's top 500 is an affirmation of the achievements of SINOMACH's previous aggressive progress, and it is also a new starting point for SINOMACH to fly high. It is undeniable that there is still a big gap between China's machinery industry and the international advanced level. China's machinery industry needs a group of important backbone enterprises with strong influence and driving force to undertake the industry mission and participate in international competition. With the expansion of scale and the enhancement of its strength, SINOMACH's ability to lead the development of the industry and assume responsibility for industry development will be further enhanced. In the face of increasingly fierce global competition in the future, SINOMACH, which shoulders the mission of revitalizing China's equipment manufacturing industry, will further enhance its core competition by continuing to implement strategies such as transformation and upgrading, continuous innovation, talent strengthening, brand promotion and capital operation. We will strive to build the core technology of independent intellectual property rights and internationally renowned brands. SINOMACH will set the planning target for the next ten years as: By 2020, it will realize an operating income of 500-600 billion yuan and enter the middle reaches of the world's top 500 enterprises. Chairman Ren Hongbin said that compared with the scale and quality, SINOMACH pays more attention to the quality of development. Advancing to the top 500 in the world is only a starting point. It is the core goal of SINOMACH to become a world-class enterprise with international competitiveness. I hope that one day, SINOMACH will become a business card of China's machinery industry like the US General Electric Company and the German multinational company like Siemens.
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