China Resources Group ranks 69th in Fortune Global 500 2021
2021-08-02,Strategy Management Dept.

On 2 August 2021, Fortune magazine released the latest Fortune Global 500 list in which China Resources Group (“CR”) ranked 69th with a turnover of US$99.438 billion, jumping by 10 places from the last year. China Resources Land (“CR Land”) is enlisted for the first time, ranking 470th with a turnover of US$26.027 billion.

CR has been enlisted in the Fortune Global 500 since 2010 and ranked 395th in its debut. The ranking has risen significantly by 326 places in 12 years. Currently, CR’s main businesses span six major sectors: retail, integrated energy, urban development and operation, healthcare, industrial finance, technology and emerging sectors. In 2020, the group reported a turnover of RMB686.1 billion (the same below), representing a year-on-year increase of 5%; net profit of RMB59 billion, representing a year-on-year increase of 16%. As of the end of 2020, the total assets of the group reached RMB1,830 billion. In the same year, CR Land recorded a turnover of RMB179.6 billion, representing a year-on-year increase of 21.2%.

Established in 1938, CR has a history of 83 years. During the "13th Five-Year Plan" period, the Group was devoted to the implementation of various policies and strategies of the Party Central Committee and the State Council under a complex and ever-changing macro- environment in an effort to maintain the prosperity and stability of Hong Kong, foster high-quality development and accelerate the development of world-class enterprises. While the Group is becoming more innovation-driven, it has achieved groundbreaking and remarkable developments with structural optimization and excellent capital utilization. Besides, CR’s regional strategies continued to progress well and the Group keeps deepening reforms to boost vitality. Its internal control and management have been continuously improved to steadily strengthen overall capability of the Group, making instrumental contributions to China's socio-economic development.

During the "14th Five-Year Plan" period, CR will continue to deliver its fundamental mission by adhering to the guidance of President Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, and earnestly implementing the "14th Five-Year Plan" and the 2035 long-term goal framework, to be in line with the national development strategy. As such, CR will be more proactive in helping the country to deepen the reforms and open up, integrating itself into the national development landscape and promoting international cultural exchanges, to drive high-quality corporate development.