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The latest edition of "Fortune" magazine announced the list of the world's top 500 companies in 2011. China National Machinery Industry Corporation ranked first for the first time in China's machinery industry, excluding the automotive industry, with a turnover of US$22.487 billion. Fortune 500 companies.
Machinery industry is the basic industry of the national economy and the "parent machine" of modern industry. In 2010, China’s machinery industry accumulated a total industrial output value of 14.38 trillion yuan, industrial output value of 14.06 trillion yuan, an increase of 33.93% and 34.26% respectively over the previous year, both set a record high. However, the overall situation of the “big but not strong†machinery industry has not been fundamentally changed. Among the numerous industrial fields in the machinery industry, it has not previously entered the “Fortune†world top 500 non-automotive manufacturing enterprises.
According to relevant experts from the China Federation of Machinery Industry, the fact that the SINOMACH has entered the world's top 500 ranks can be said to be a gratifying result of the transformation of China’s machinery industry in recent years and the promotion of industrial transformation and upgrading. The development of China’s machinery industry will be Create an important incentive.
Ren Hongbin, chairman of SINOMACH, stated that the promotion of the Fortune 500 is just a new starting point. Strengthening and optimizing and becoming a world-class enterprise with international competitiveness is the core objective of SINOMACH. In the next ten years, the planning objectives of SINOMACH are to achieve an operating income of 500 billion to 600 billion yuan by 2020 and to enter the middle reaches of the Fortune 500 companies.
According to reports, in 2010, SINOMACH completed sales revenue of 152.22 billion yuan, an increase of 47% year-on-year; completed profits of 6.67 billion yuan, an increase of 40% year-on-year; and total import and export volume of 8.6 billion US dollars, an increase of 36% year-on-year. From January to May 2011, the operating revenue of the SINOMACH Group was 78.63 billion yuan, a year-on-year increase of 38.4%, and the profit growth was 41.6% year-on-year, maintaining a strong development momentum.
Machinery industry is the basic industry of the national economy and the "parent machine" of modern industry. In 2010, China’s machinery industry accumulated a total industrial output value of 14.38 trillion yuan, industrial output value of 14.06 trillion yuan, an increase of 33.93% and 34.26% respectively over the previous year, both set a record high. However, the overall situation of the “big but not strong†machinery industry has not been fundamentally changed. Among the numerous industrial fields in the machinery industry, it has not previously entered the “Fortune†world top 500 non-automotive manufacturing enterprises.
According to relevant experts from the China Federation of Machinery Industry, the fact that the SINOMACH has entered the world's top 500 ranks can be said to be a gratifying result of the transformation of China’s machinery industry in recent years and the promotion of industrial transformation and upgrading. The development of China’s machinery industry will be Create an important incentive.
Ren Hongbin, chairman of SINOMACH, stated that the promotion of the Fortune 500 is just a new starting point. Strengthening and optimizing and becoming a world-class enterprise with international competitiveness is the core objective of SINOMACH. In the next ten years, the planning objectives of SINOMACH are to achieve an operating income of 500 billion to 600 billion yuan by 2020 and to enter the middle reaches of the Fortune 500 companies.
According to reports, in 2010, SINOMACH completed sales revenue of 152.22 billion yuan, an increase of 47% year-on-year; completed profits of 6.67 billion yuan, an increase of 40% year-on-year; and total import and export volume of 8.6 billion US dollars, an increase of 36% year-on-year. From January to May 2011, the operating revenue of the SINOMACH Group was 78.63 billion yuan, a year-on-year increase of 38.4%, and the profit growth was 41.6% year-on-year, maintaining a strong development momentum.
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