On 10 August, Fortune magazine announced the 2020 Fortune Global 500 list. China Resources Group (“CR”) ranks 79th with a revenue of USD94.76 billion, up 1 place from last year.
Since 2010 when CR first made the Fortune Global 500 list, its ranking has been moving upward, rising by 316 places in 11 years. CR specializes in five key business areas encompassing consumer products, healthcare, energy services, urban construction and operation, technology and finance. In 2019, the Group realized a revenue of RMB654.6 billion and a net profit of RMB51.1 billion, representing a 7.6% growth and 13.2% growth year-on-year respectively. As at the end of 2019, the Group’s total assets amounted to RMB1,618 billion, up 12.4% from the end of 2018.
Founded in 1938, China Resources has a history of 82 years. In 2016, China Resources started to implement its strategic plan during the “13th Five-Year Plan” period, initiating the development strategy of “twin engines with two wings”, and the geographical deployment of “basing in Hong Kong, relying on Mainland China and eyeing on the world”. Backed by the “twin engines” of businesses and capital and the “two wings” of internationalization and Internet, the Group is well geared up for transformation, innovation and high-quality development.
CR will continue to adhere to its vision of “being a global enterprise with accumulating public trust and popularity” by fulfilling its mission of “leading the business progress and building a better life together”, and strive to become a world-class enterprise through its constant reform, innovation and quality development.