Recently, Forbes released its 2023 “Global 2000″ list, which ranks the world’s top (public) companies. SUMEC Corporation Limited (stock symbol: SUMEC, stock code: SH.600710) was selected for the third time and ranked 1796th on this list.
The Forbes’ Global 2000 list of the world’s top (public) companies is considered one of the most authoritative and highly regarded rankings of commercial enterprises globally. It uses four major indicators, including company sales, net profits, assets, and market value, as the basis for scoring and evaluation.
In 2022, despite the complex and ever-changing macro environment, SUMEC faced challenges head-on and forged ahead. The company accelerated the implementation of its development that focuses on the domestic economy and features positive interplay between domestic and international economic flows, technological innovation, independent brand development, green development, and digitalization. It proactively optimized its business and market structure to enhance resource allocation efficiency. SUMEC achieved a total operating income of 141.145 billion RMB, with a compound annual growth rate of 18.7% over the past three years. The net profit attributable to shareholders of the listed company reached 916 million RMB, representing a year-on-year growth of 19.4%. The compound annual growth rate of net profit attributable to its parent company reached 27.6% over the past three years. The company further optimized its revenue structure, with an increased proportion of revenue and profits from the industrial chain sector. Overall, SUMEC achieved its operational objectives of maintaining stability at a high level, striving for progress in stability, and pursuing high-quality growth.
Post time: Jul-11-2023