On July 11th, Fortune China released the Fortune China 500 list for the year 2023. SUMEC Corporation Limited (Stock Code: 600710) secured the 97th position with a revenue of 141.145 billion yuan.
The “Fortune China 500″ ranking is compiled by Fortune (Chinese version) in cooperation with CITIC Securities. It takes into account the performance and achievements of the largest Chinese listed companies globally over the past year. This is also the first time that Fortune (Chinese version) has released this list. The 500 listed Chinese companies on this list have a combined revenue of 65.8 trillion yuan, with a minimum annual revenue threshold for the listed companies close to 23.7 billion yuan.
SUMEC remains committed to its strategic positioning of “building a digitized and internationally-oriented industrial chain and supply chain, becoming a benchmark enterprise that features positive interplay between domestic and international economic flows”. It is accelerating the development that focuses on the positive interplay between domestic and international economic flows, development driven by technological innovation, independent brand development, green development, and digitalization. This is pushing for further optimization of the revenue structure and an increase in the proportion of revenue and profits from the industrial chain segment. In 2022, SUMEC achieved operating revenue of 141.145 billion yuan, with a three-year compound annual growth rate of 18.7%. Net profit attributable to shareholders of the listed company reached 916 million yuan, a year-on-year growth of 19.4%, with a three-year compound annual growth rate of 27.6%.
Looking ahead, SUMEC will adhere to the twelve-word guideline of “seeking progress in stability, prioritizing quality, and emphasizing innovation”. It will focus on the “five certainties”, concentrate on the main business areas, actively develop new markets, seize new opportunities, strive for new breakthroughs, and reach new heights. The company aims to provide tangible performance to repay investors’ trust, drive high-quality sustainable development, and strive to become a respected listed company by investors.
Post time: Jul-19-2023