The list of Fortune Global 500 enterprises in 2020 was announced. Foshan enterprises Country Garden and Midea are both on the list. Country Garden ranked 147 and Midea ranked 307.
As the number one real estate enterprise in China, Country Garden has been selected into Global 500 for the fourth consecutive year, and is in a leading position in the list of real estate enterprises. Fortune China thinks this demonstrates Country Garden's steady operating capabilities and strong growth momentum.
Country Garden Group, headquartered in Shunde District, Foshan City, Guangdong Province, is the largest new urbanization residential developer in China. Its business includes property development, construction and installation, decoration, property management, property investment, hotel development and management, as well as modern agriculture and robotics. Country Garden provides a wide range of products to meet the needs of different markets. Various products include residential projects such as conjoined houses and bungalows, as well as parking spaces and shops. At the same time, it also develops and manages hotels in certain projects to increase the appreciation potential of real estate projects. In addition, it also operates hotels independent of real estate development.
In 2016, Midea Group entered the Fortune Global 500 for the first time, becoming the first Chinese home appliance company to enter the list. Midea ranked 481 when it entered the list for the first time. In 2017, it rose to 450. In 2018, it rose sharply to 323, and in 2019 it was 312. This shows Midea has a steady growth every year and it has been in a leading position in the industry of home appliances.
Midea Group is a technology group integrating consumer electronics, HVAC, robotics and automation systems, intelligent supply chains, and chip industries. Founded in 1968 in Shunde, it is now headquartered in Beijiao New City, Shunde, with about 200 subsidiaries, more than 60 overseas branches and 10 strategic business units worldwide, and is also the main shareholder of the German KUKA Group (About 95%).
In addition to the above two giants, the following enterprises from Foshan are also strong in business.
Foshan Xinghai Copper and Aluminum Co., Ltd. was registered and established on August 11, 2003 in Nanhai District, Foshan City. The company's business scope includes: copper, aluminum, stainless steel, aluminum profiles, gold, silver, etc.
On September 10, 2020, the 2020 China Top 500 Private Enterprises List was released. Foshan Xinghai Copper and Aluminum Co., Ltd. ranked 232th with an operating income of 3,8402.1 million yuan.
In 1996, Hisense entered the air conditioning industry with high starting point of frequency conversion technology; in 2002, Hisense entered the refrigerator industry through the acquisition of Beijing Snowflake; at the end of 2006, Hisense successfully acquired Kelon Electric Appliances, which gave birth to the brand Hisense Kelon. Hisense Kelon owns 3 Chinese famous trademarks of Hisense, Kelon and Rongsheng. The leading products cover refrigerators, air conditioners, freezers, washing machines and other fields. The production bases are located in Shunde, Qingdao, Beijing, Chengdu, Nanjing, Huzhou, Yangzhou, Wuhu, Yingkou and other provinces and cities. Hisense Kelon has established R&D centers in Shunde and Qingdao, as well as scientific research institutions in the United States, Japan, and the United Kingdom. More than 1,000 technicians have formed the largest and most professional R&D team in the industry.
China Lesso Group Holdings Limited is a large-scale domestic building materials and home furnishing industry group, headquartered in Shunde, Foshan. Products and services cover plumbing products, plumbing and sanitary ware, integrated kitchens, integrated doors and windows, decorative panels, water purification equipment, fire prevention equipment, sanitary materials, marine aquaculture, environmental protection, building materials and household channels and services.
Lesso has more than 80 holding subsidiaries and more than 23 main production bases, distributed in 17 provinces across the country and the United States, Canada, India, Indonesia, Uganda and other countries. Lesso has established a group research institute with more than 1,000 researchers of various types, post-doctoral research workstations and CNAS nationally accredited laboratories. At present, Lesso has approximately 1,480 patents that it owns and is applying for at the moment.
Lesso has more than 10,000 products and is a manufacturer with a complete product system in the field of domestic building materials and home furnishings.
Founded in 1998 and headquartered in Nanhai, Foshan City, Guangdong Province, Lited Group Co., Ltd. is a comprehensive enterprise group mainly engaged in automobile business (including upstream auto parts manufacturing, downstream automobile brand exclusive business and horizontal business), supplemented by other businesses.
The group has more than 130 subsidiaries and holding companies, including 96 4S stores and more than 9000 employees. Business scope covers Guangdong, Hubei, Jiangxi, Anhui, Yunnan, Shandong, Inner Mongolia and other regions.
Foshan Haitian Flavouring and Food Co.,Ltd. is a professional seasoning manufacturer in China, with a long history. Its products cover more than 200 specifications and varieties in eight series, including soy sauce, oyster sauce, vinegar, seasoning sauce, oil, and other condiments. In 1994, Haitian successfully transformed into a global large-scale professional seasoning production and marketing enterprise. On February 11, 2014, Haitian was successfully listed on the main board of the Shanghai Stock Exchange under the stock name Haitian Weiye (Flavour Industry of Haitian). In addition to the main business of soy sauce, oyster sauce and soybean paste, Haitian has been continuously expanding its business.
Since the 1990s, Haitian has maintained the national record of No. 1 soy sauce production and sales for many years, and has maintained a relatively high growth rate. It is the veritable No. 1 brand in the domestic condiment industry. On October 28, 2005, Haitian Seasoning Food Co., Ltd. was grandly inaugurated. With the annual output of more than 2 million tons, it is the world's largest comprehensive condiment production base.
56-year-old Jack Ma, whose wealth grew by 125 billion yuan, became China's richest man for the fourth time with 400 billion yuan. In November 2019, Alibaba was listed on the Hong Kong Stock Exchange and became the first Chinese Internet company to be listed in both the United States and Hong Kong. The current market value of Alibaba has exceeded 5 trillion yuan. Jack Ma has donated wealth for charity over the years, with a total amount of about 100 billion yuan, and he is still the richest man in China.
49-year-old Ma Huateng's wealth increased by 130 billion yuan, ranking second with 390 billion yuan. He is the entrepreneur with the largest increase in wealth on this year's list. Recently, Tencent's share price has been rising, with a market value of more than 5 trillion yuan. In the first half of this year, Tencent's net profit increased by 29% year-on-year, mainly due to the growth of online games and financial technology sectors. In addition, Tencent has become one of the world's largest investment institutions, and its investment income in the past year has also been substantial because of its investments in Tesla, Pinduoduo, Meituan and Jingdong.
Zhong Shanshan, 66, ranked third with a wealth of 365 billion yuan. His wealth has grown rapidly, mainly due to the fact that his two companies, Wantai Bio and Nongfu Shanquan, have successively listed on the Shanghai and Hong Kong Stock Exchanges in the past year. At present, the total market value of the two companies exceeds 400 billion yuan. Nongfu Shanquan has become the largest Chinese beverage company with a market value of more than 350 billion yuan.
Wang Wei, 50, ranked fourth with a wealth of 240 billion yuan. Under the pandemic situation, the e-commerce industry developed rapidly, and the express industry has also recovered. Since the beginning of this year, Shunfeng's (SF Express) share price has been climbing, with a market value of more than 400 billion yuan. In the first half of this year, SF Express achieved sales revenue of 71.1 billion yuan and net profit of 3.6 billion yuan, with an increase of 42% and 19% respectively over the same period last year.
Xu Jiayin, 62, ranked fifth with a wealth of 235 billion yuan, with an increase of 25 billion yuan. In the first half of this year, Evergrande achieved 266.6 billion yuan in operating income. As of the end of August, Evergrande had a market value of 250 billion yuan.
He Henjian, 78, and his family ranked sixth with 225 billion yuan in wealth, two places lower than last year, with an increase of 45 billion yuan. Last year, Midea achieved an operating revenue of 278.2 billion yuan, a year-on-year increase of 7%. In the first half of this year, due to the impact of the pandemic, the operating revenue was 139.1 billion yuan, down 9.6% year-on-year. Up to now, Midea covers five major business sectors: consumer electronics, HVAC and building systems, electromechanical business group, robotics and automation, and digital innovation.
39-year-old Yang Huiyan's wealth of 225 billion yuan tied for sixth, down one place from last year, with an increase of 50 billion yuan. In the first half of this year, Country Garden achieved a total income of 185 billion yuan. In addition to Country Garden, Yang Huiyan also has two listed companies. One is Country Garden Services, which is engaged in property management. Since its listing, its market value has increased 6 times to 153 billion yuan, and the other is Bright Scholar Education Group. In addition, since the start of construction of the Country Garden Bozhilin Robot Project in 2018, a total of 576 patents have been granted.
Ding Lei, 49, was ranked eighth with 220 billion yuan of wealth, and his wealth increased by 95 billion yuan. In June this year, NetEase was successfully listed on the Hong Kong Stock Exchange and became another domestic Internet leader that returned from the United States to achieve a secondary listing. The current market value of NetEase is close to 450 billion yuan.
40-year-old Huang Zheng ranked eighth with a wealth of 220 billion yuan, down one place from last year, and his wealth increased by 85 billion yuan. In August this year, Pinduoduo's market value exceeded 730 billion yuan. In April of this year, Pinduoduo announced that Huang Zheng and his team would donate 2.4% of the shares to set up a charity fund. In addition, they allocated 7.7% of Pinduoduo's shares under his personal name to the collective of Pinduoduo partners.
The wealth of the couple, Qin Yinglin, 55, and Qian Ying, 54, has doubled from last year to 200 billion yuan, five places higher than last year, making it into the top 10 for the first time. As a leading domestic pig breeding enterprise, Muyuan shares have been rising since the beginning of last year, with a market value of more than 370 billion. In the first half of this year, Muyuan shares achieved sales revenue of 21 billion yuan and net profit of 11.8 billion yuan.
Whether you have heard of the above brands or names or not, Foshan is a city full of opportunities. If you are patient enough, you can definitely find your place in this city. Someday your name might be on the list. Who knows?
