China Resources Group Ranks 86th in Fortune Global 500 in 2018

Fortune Magazine released the 2018 Global 500 list on July 19. China Resources Group ranked 86th with a turnover of USD 82.184 billion, same as the previous year.

China Resources Group has applied for the Fortune Global 500 since 2010 and ranked 395th that year. Afterwards, it rose dramatically in successive years, ranking 346th, 233rd, 187th, 143rd, 115th and 91st from 2011 to 2016, and 86th in both 2017 and 2018, increasing by 309 through 9 years. In 2017, CR achieved a turnover of RMB 555.45 billion, with a year-on-year increase of 10.3%; the net profit was RMB 38.46 billion, with a year-on-year increase of 13.9%. By the end of 2017, the total assets of CR reached RMB 1,215.9 billion, increasing by 10.5% compared with the previous year.

Currently, CR has been implementing the 13th Five-Year Plan development strategy supported by “Two Engines and Double Wings”. In accordance with the development concept of “Innovation, Coordination, Green, Openness, Sharing” and the overall development idea of “Being realistic, stronger, bigger, better and longer”, CR has effectively pushed forward the six strategic initiatives including “improving asset quality, optimizing capital structure, adjusting industrial structure, deploying global market, carrying out R&D innovation, and improving informationization level” relying on the power of “two engines”, which refer to industrial development and capital operation, and the help of “double wings”, namely “internationalization + internet”, strived to achieve the goal of “performance outperforming the market, achieving business transformation and upgrading”, as well as created benefits for shareholders, values for the society and space for employees, thus growing into a global company trusted and loved by the public.