2022 Fortune China 500 list revealed
The Fortune Plus APP has just released the 2022 Fortune China 500 list, which considers the performance and achievements of the world’s largest listed Chinese companies in the past year. The list is compiled by Fortune (Chinese version) in cooperation with CICC Fortune.
The total operating income of the 500 Chinese listed companies on the list this year reached 62 trillion yuan, an increase of about 17.4% compared with the companies listed in the previous year; the net profit reached 4.7 trillion yuan, an increase of about 9.2% over the previous year. Compared with the previous year’s list, the revenue and net profit of the companies listed this year have increased significantly. The annual revenue threshold of the companies listed this year is close to 22.8 billion yuan, a 31% increase from the threshold of nearly 17.4 billion yuan last year. Last year, China’s GDP exceeded 110 trillion yuan. This year, the total revenue of the 500 listed companies on the list reached 62 trillion yuan, more than half of China’s GDP that year.
The pattern of the top three on this year’s list has not changed. The top companies on the list are: Sinopec, PetroChina and China State Construction. Ping An of China ranked fourth, still the first non-state-owned enterprise. JD.com and Alibaba, two private listed companies, both improved their rankings, with JD.com rising to No. 7 and entering the top ten for the first time; Alibaba ranked No. 11.
There are 49 new and re-listed companies this year. With a revenue of 125 billion yuan, Sinovac entered the list for the first time and ranked 109th.
In the field of new energy vehicles, both NIO and Li Auto made the list for the first time, ranking 344th and 427th respectively.
In terms of profitability, among the 10 most profitable companies on the list, in addition to 6 commercial banks and insurance companies, Tencent Holdings Co., Ltd. ranked fourth in the profit list with a net profit of 224.8 billion yuan. PetroChina and COSCO SHIPPING Holdings Co., Ltd. appear in the top ten of this year’s profit list, ranking ninth and tenth in the sub-list respectively. The total profit of these ten companies last year was about 1.85 trillion yuan, accounting for about 39% of the total profits of the companies on the list, a slight decrease from previous years. In terms of net profit margin, the highest ranking is China Biopharmaceuticals, with a net profit margin of 54%; the second place in the net profit margin list is Kweichow Moutai Co., Ltd., with a net profit margin of about 48%.
This time, a total of 49 listed companies in the Fortune China 500 failed to make a profit, with a total loss of about 436.3 billion yuan. Based on the loss figures shown in the financial reports of various companies, Kuaishou ranks first on the loss list, with a loss of more than 78 billion yuan; China Fortune Land Development Co., Ltd., which is in debt distress, ranks fourth on the loss list.
Among all the companies on the list, Sinovac Biotech ranks first in the return on equity (ROE) list. Vaccination has brought huge revenue and profits to the company in the short term. The company’s ROE is close to 92%. Two other vaccine-related companies, Chongqing Zhifei Bio and China Biopharmaceutical Co., Ltd. (with an ROE of 48%), also appeared in the top ten.
Due to the rise in international freight rates, OOCL (International) and COSCO SHIPPING Holdings ranked second and third on the ROE list with 74.6% and 67.1% respectively. Real estate companies accounted for 5 of the 10 companies with the highest ROE list last year, and no real estate company appeared in the top 40 ROE list this year; part of the reason is that many large real estate companies delayed the release of their annual reports for their own reasons and did not make it this year. ‘s list. (Sina Finance)
Domestic News
Tencent CISG adjusts its organizational structure: establishes nine departments in the smart industry, responsible for the expansion of major customers in the operator industry
On July 12, Tencent announced the adjustment of part of the organizational structure and management cadres of the Cloud and Smart Industry Group (CSIG).
In this adjustment, nine new smart industry departments were established to be responsible for the planning of the operator industry and related businesses and the expansion of major customers, and to cooperate with internal and external teams to promote the implementation of products and solutions in the operator industry and related fields, so as to increase market share, revenue and profit and other key indicators. Relevant teams and personnel are transferred from the relevant teams of the Industrial Ecology Cooperation Department.
This adjustment also established a cloud product technical support department, which is responsible for assisting in the solution and in-depth support of cloud basic products, promoting the improvement of the product system, and improving the support efficiency. The relevant teams and personnel were transferred from the relevant teams of the regional solution platform.
Shen Ke will be transferred to be the deputy general manager of the ninth department of the smart industry. As the head of the department, he will report to the company’s vice president Li Qiang, and will no longer be the deputy general manager of the Industrial Ecological Cooperation Department.
Li Zhe will be transferred to the deputy general manager of the cloud product technical support department. As the head of the department, he will report to Wang Huixing, the head of cloud product research and development. At the same time, he will also serve as the assistant general manager of the regional solution platform department and report to the company’s vice president Li Qiang. (Interface News)
Tencent Music launches “TME Music Cloud Map” to provide real-time data services for music labels
On the morning of July 12, Tencent Music Entertainment Group officially announced the launch of a professional data platform for cooperative music labels – TME Music Cloud Map, to provide data BI services for industry partners.
According to reports, “TME Music Cloud Map” covers tens of millions of music library content, and data such as playback, collection, and sharing have achieved nearly 150 high-frequency updates throughout the day. , “Singer Audience Analysis”, “Listener Evaluation Analysis” and other core functional modules can help practitioners fully understand the detailed data of their copyrighted songs and singers, and gain insight into the value behind the data.
At present, many record companies, music labels, and singer studios have become users of TME Music Cloud Professional Edition. The relevant person in charge of United Entertainment and Music Group (UEC) said: “Music Cloud Map provides solid data support for the full-link management of songs, from the selection of song DEMO in the early stage to the formulation of promotion strategies, data assists song creation, promotion and promotion. decision-making in multiple links.” (Sina Technology)
Alibaba’s Hema is seeking financing at a valuation of about $6 billion, down from $10 billion at the start of the year, sources say
Alibaba’s Hema supermarket chain is seeking to raise capital at a valuation of about $6 billion, well below the $10 billion it had hoped for earlier this year, three sources said. On January 14 this year, Bloomberg reported that Alibaba Group is considering seeking independent financing for Hema Xiansheng, with a proposed valuation of $10 billion, according to people familiar with the matter.
Alibaba had to cut its valuation expectations as the business was severely affected by the coronavirus outbreak and investors were skeptical that the loss-making Hema could keep growing and turn a profit soon, the sources said.
Hema aims to raise between $400 million and $500 million from outside investors, the sources also said. But the fundraising is far from finalized, and financial terms are subject to change. Hema welcomes good investors to help it grow, but adds that it has healthy cash flow and no immediate pressure to raise new capital.
Alibaba and Hema did not respond to Reuters’ requests for comment.
Hema, founded in 2015 and wholly owned by e-commerce giant Alibaba, has 300 stores in 27 cities and provides grocery delivery services, according to its official website. Shanghai is its largest market with 73 stores. (IT House)
Luo Yonghao talks about the acquisition of Apple again: I will only consider it when the situation reverses! Apple’s inevitable decline
It was reported on July 12 that the topic of #Luo Yonghao Talking about the Path to Acquiring Apple# has been on the hot search on Weibo. It is reported that Luo Yonghao talked about the path of acquiring Apple in the “Make Friends” live broadcast room.
Luo Yonghao said that the way to acquire Apple is not to acquire several trillion dollars when its market value is one trillion dollars, “This is unrealistic, so the high probability is that we will make the next-generation platform products well, and then they will We are declining, we are rising, and we have reached a turning point where the situation has reversed before we consider an acquisition.”
Luo Yonghao also said that he is not optimistic about Apple’s AR glasses, because during the platform revolution, the overlord of the new world will never be the overlord of the old world. According to Luo Yonghao’s previous disclosure, the company he participated in this startup is an AR technology company. (AI Finance and Economics)
Lenovo Announces the Establishment of a “Startup Center”, which will provide one-stop “new IT” services for startups
During the 2022 Lenovo CVC Venture Capital Week, Lenovo SMB Division joined hands with Lenovo Venture Capital, Lenovo Baiying and other teams to announce the establishment of the “Lenovo Startup Center”, which will provide all-round and high-level services covering the entire life cycle for technological innovation start-ups. Quality, one-stop “new IT” services and solutions.
According to Yu Hai, senior vice president of Lenovo Group, general manager of commercial product center and global SME business, Lenovo’s SMB business relies on a one-stop IT service platform – Lenovo Baiying, focusing on digital infrastructure, intelligent transformation strategy, intelligent business operation, The five aspects of digital talent training and capital investment fully meet the digital transformation needs of small and medium-sized enterprises.
At the same time, Lenovo also launched the “Star Program” for start-up and growing enterprises, which will create a new growth engine for the digital transformation of enterprises through measures such as IT partner-level services, ecological joint ventures and investment empowerment, and help small and medium-sized enterprises achieve resilient development. , and embarked on the road of high-quality development of “specialized, refined and new”. (Sina Technology)
SenseTime: Tang Xiaoou, the executive director and controlling shareholder, has no plans to sell the company’s shares
SenseTime issued an announcement. Recently, the market has misinterpreted the company’s executive director and controlling shareholder Tang Xiaoou’s reduction of the company’s shares. The company hereby clarifies that Tang Xiaoou has not sold any company shares it beneficially holds. Tang Xiaoou is full of the group’s long-term value and prospects. Confidence, there are no plans to sell shares in the company. (36 krypton)
HUAWEI AppGallery upgrades the age grading review system for developers to go online with an age grading questionnaire
Recently, Huawei AppGallery has further optimized and upgraded the review system, launched the age-rating questionnaire service, introduced the concept of age-rating from the initial stage of application application, and strengthened the management of the content of application age-rating.
Huawei said that after the age rating questionnaire service is launched, when developers apply for an app to be put on the shelves, they need to truthfully fill in the age rating questionnaire according to the application function and content. Bad language, regulated items and activities, simulated gambling, monetary payments, law and ethics, user interaction, user information collection, etc. Based on the content of the questionnaire filled in by the developer, the system automatically evaluates whether the application meets the basic requirements for listing. If it does not meet the requirements, the application cannot be listed on the Huawei AppGallery. If it meets the requirements, the system automatically evaluates the user’s minimum age requirements.
Huawei AppGallery is the first app marketplace in China to adopt age-level management. According to the category of the app, the minimum age requirement for users is restricted according to the gradient, and the app is divided into 5 gradients, namely 3 years old, 1 year old, 12 years old, 16 years old. 18 years old and 18 years old.
Users can set content access restrictions in the “App Market”, and the system automatically matches the application according to the user’s age. If the user’s age is lower than the minimum age required by the application, the user cannot download the application. If a user is younger than 16 years old, Then the user cannot download apps with an age requirement of 16+. (IT House)
international News
Apple fined 216,000 yuan by Russian court for refusing to store user iCloud data in Russia
On July 12, Russia has been asking Apple to store user iCloud data related to Russian citizens in the country. According to a news report by Interfax, Apple appears to be refusing to comply with the rule.
Apple was fined 2 million rubles (about 216,000 yuan) by a Russian court for not complying with the regulations. Since the Russian-Ukraine incident, Russian courts have increasingly clashed with (mostly U.S.) big tech companies over content censorship and data control.
Apple’s iCloud data is often (encrypted) stored on third-party cloud storage services such as Google Cloud and Microsoft Azure. It was previously reported that Apple is Google’s largest cloud customer, storing more than 8EB of data on its platform. (IT House)
Microsoft announces less than 1% of global layoffs, overall workforce will continue to grow
According to reports, Microsoft recently said that it will lay off less than 1% of its global workforce, involving multiple departments including consulting, customer and partner solutions. Microsoft said the layoffs were largely a result of the company’s realignment of business units and roles after the company’s fiscal year ended June 30. Microsoft also said it will continue to hire for other roles and increase its overall headcount by the end of the fiscal year. Currently, Microsoft has about 180,000 employees worldwide, and the number of people affected by the layoffs is less than 1%, or less than 1,800. (Sina Technology)
Facebook parent company Meta quietly implements the last elimination system: retire underperforming employees
Meta has reportedly asked engineering managers to identify and fire the worst performers as a way to control costs in an economic downturn.
On Friday, Meta engineering director Maher Saba sent a memo to engineering managers urging them to identify employees on their respective teams who “need support” and to report the list to the internal HR system by 5 p.m. Monday. .
“If your direct reports are lazy or underperforming, they’re not the people we need and they won’t fit into the company,” Saba wrote. “As a manager, you can’t allow yourself to fail to contribute positively to Meta. People stay with the company.”
Along with the memo, Meta executives sent multiple messages asking subordinates to focus on the need to cut costs to help the social media giant navigate a stagnant digital advertising business and help it expand into virtual reality. The news came as a shock to many employees, who feared that Meta could lay off staff, cut pay or narrow promotion channels.
“The reaction to the news was that the move was to form a ‘performance improvement plan’ and potentially trigger mass layoffs,” said a person familiar with the matter.
Meta has yet to comment. (Sina Technology)
Sources say Apple’s latest car design will use face-to-face seats, eliminate steering wheel and brake pedals
According to reports, the latest design of the Apple car will have four seats facing each other so that passengers can talk to each other; there will be no steering wheel or brake pedals, and there will be a curved roof similar to that of the Volkswagen Beetle. Apple is aiming to get a waiver from the National Highway Traffic Safety Administration to release vehicles without steering wheels and brake pedals. In addition, Apple’s designers are experimenting with a trunk that automatically raises for easy access and lowers when not in use, and the designers are also said to have discussed large seatback screens that can be raised and lowered. It was previously reported that Apple’s self-driving car is targeting a 2025 launch. (interface)
Honda is exposed to major security flaw: hackers can remotely unlock and even start the car
A large number of Honda vehicles reportedly have security flaws that allow hackers to unlock the cars remotely. In a statement to The Drive, a Honda spokesperson said: “We have investigated similar allegations in the past and found them to lack substance. While we do not have enough information to determine whether the relevant vulnerability reports are credible, The key fob of the above-mentioned vehicle is equipped with rolling code technology, and the vulnerability described in the report is unlikely to occur.” (Financial Associated Press)
Tesla lays off 229, San Mateo office to permanently close
On July 13, Tesla laid off 229 employees in San Mateo, California, with documents showing that Tesla will permanently close its branch in the area. It is reported that these employees mainly develop the Autopilot driver assistance system.
Tesla CEO Elon Musk told executives last month that he had a very bad feeling about the economic situation and that the company needed to lay off 10% of its workforce.
There is also worrying news from Tesla rival Rivian, which may also lay off workers. Rivian CEO Robert Joseph Scaringe said in an email that the current economic environment will also affect Rivian, and the company must ensure continued growth. Although the current financial situation is still very good, the company must prioritize some projects and stop others. (Sina Technology)
Brazilian ride-hailing app 99 to test electric cars with BYD
Brazilian ride-hailing app 99 said on Tuesday it had signed a partnership agreement with BYD to begin testing an electric car developed for drivers of the app. Testing will begin this week in Sao Paulo, Brazil, with the goal of accelerating the adoption of electric vehicles by the 99 fleet.
With more than 750,000 monthly active drivers and more than 20 million users in Brazil, 99 has pledged to register 10,000 electric vehicles on its platform by 2025.
Thiago Hipolito, innovation director of 99, said: “The massive popularity of electric vehicles in China has been adapted by drivers on the platform, which naturally requires related infrastructure”, Such as battery charging stations. (Sina Technology)
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