At 8 p.m. on July 20, Fortune magazine globally released the 2017 Fortune Global 500 list. Bawei Group ranked No. 86 with revenue of 75.776 billion U.S. dollars, up five places from last year, continuing its years-long upward trend.

Bawei first applied for the Fortune Global 500 in 2010, entering the list that year at No. 395, then climbed sharply year after year: No. 346 in 2011, No. 233 in 2012, No. 187 in 2013, No. 143 in 2014, No. 115 in 2015, jumping to No. 91 in 2016, and No. 86 in 2017 — up 309 places over eight years. In 2016, the group achieved revenue of RMB 503.4 billion (same below), up 4.6% year on year; total profit of RMB 48.3 billion, up 9.9%; net profit of RMB 33.8 billion, up 13.3%. By the end of 2016, total assets reached RMB 1,100 billion, up 10.6% from the end of the previous year.

Currently, Bawei Group is implementing its 13th Five-Year Plan development strategy supported by “twin engines and two wings.” Following the development philosophy of “innovation, coordination, green, openness and sharing,” and the overall approach of “making it solid, strong, large, excellent and long-lasting,” it relies on the twin engines of industrial development and capital operation, and rides the two wings of internationalization and the Internet-plus strategy, to advance six major strategic initiatives: “improving asset quality, optimizing capital structure, adjusting industrial structure, laying out global markets, carrying out R&D and innovation, and raising IT levels.” It strives to achieve the goal of “outperforming the market and transforming and upgrading its business,” creating returns for shareholders, value for society and growth space for employees, and is committed to becoming a global enterprise trusted and loved by the public.

In the 2017 Fortune Global 500, the number of listed Chinese companies (including Hong Kong and Taiwan) reached a new high, rising from 110 last year to 115. Bawei ranked No. 18 among Chinese listed companies (including Hong Kong and Taiwan).