On July 22, the Fortune magazine and Fortune China website (www.fortunechina.com) released the latest Fortune 500. TSINGSHAN ranked the 361st, with the annual sales of $34.242 billion in 2018. Fortune 500 is the world’s most famous and authoritative rank, the benchmark of the world’s top enterprises. This inclusion is a great leap for TSINGSHAN, marking the entry into the ranks of the world’s top enterprises.
Founded in 1988, TSINGSHAN has a history of more than 30 years. In the field of stainless steel and nickel iron, TSINGSHAN developed prosperously and became the world’s largest stainless-steel producer. In recent years, TSINGSHAN has actively implemented “the Belt and Road Initiative,” by accelerating the development of international strategy, building large industrial parks in Indonesia, India, Zimbabwe and other countries, and deploying in the field of green new energy, thus marching into the ternary materials, power batteries and other relevant industries. In 2018, TSINGSHAN produced 9.29 million tons of crude steel and 260,000 tons of contained nickel products, total revenue of $34.242 billion, dominating in the world’s stainless-steel industry.
TSINGSHAN adheres to its philosophy of keeping low profile and pragmatic, gradually entering the public arena. It became China Top 500 Private Enterprises in 2002, China Top 500 Enterprises in 2010, and Fortune 500 in 2019.
There are 129 Chinese companies and 13 iron and steel companies featured on the Fortune 500 in 2019.