"Wealth" cover article: Re-examine the world's top 500, they are developed
Top 500
After three years of bad performance, economic recovery brings a record profit and income to the world's largest company.
Author: Paola Hjelt
Ten years ago 500 ...
Trader's location
What is the trade giant of Japan and South Korea? They have fallen sharply on the world's world's top 500 list or rankings, or have disappeared. This is because most trading companies are now fully published in their business status based on the US "General Accounting Standards". In the past, these companies were published as business income, just like the US Energy Trading Company before 2002. Companies that do not adopt US accounting standards, such as Sojitz Holding, and Tomen, due to non-compliance with the regulations, it is excluded from this year's list.
They are coming back. After three years of downturn, the World 500 company has once again risked in 2003, profit and income levels recorded. Although Iraq war has not improved employment rate, the US economic recovery has not improved employment, but "wealth" world 500 companies last year's business income is as high as $ 149 trillion, breaking the 2000 technical bubble, 141,000 A record of billion dollars. Profit also created a new high and $ 731.2 billion.
The leaderboard is the petroleum giant. As the average annual oil price sets new high in the past 20 years, oil companies have soared. British BP's operating income has increased by 30%, reaching $ 2,32.6 billion, and jumped second in the rankings, becoming a 500th company that is second only to Wal-mart. At the same time, BP has also surpassed its US competitor, Exxon Mobil, becoming the world's largest oil enterprise (by sales).
"Low expectation can produce a small impact, last year is a typical example," JP Morgan Fleming asset management group "JP Morgan Fleming asset management group" Stuart Schweitzer "Stuart Schweitzer, Morgan Fleming Asset Management Group . "Because I am worried about the tightening of Japan, each company actively adopts measures such as reorganization and compression expenses. This laid the foundation for winning good news."
Since 1995, "Wealth" magazine will combine 500 largest industrial enterprises and service enterprises in the world to "500th" in 2003, the performance of 2003 is the best. This year is the tenth year of the list. During this period, the total operating income of 500 companies increased by 45%, the profit increased nearly three times, and the number of employees was increased by 1,1 million.
Who is this 10 years of winners? United States. 10 years ago, 151 US companies have 151 business income accounting for 29% of the total. This year, 189 US companies were among the top 500, and the business income accounted for 39%. Jason James, Global Strategy, HSBC, London, said: "American companies expanded outside the United States, and more than ten years ago, many US companies have never been done." Cooperation, on the list Japanese companies have decreased from 149 to 82, and Chinese companies increased from three to 15.
Enterprises have also reflected the global economy in the New Year's Eve. The interest rate is maintained at a lower level, and the Japanese economy shows the signs of recovery. China is hot, consumers continue to spend money, and the stock markets around the world have risen. The Dow Jones index increased by 33%, which is the best year since the 1992 index release. US company got rid of the accounting scandal of the previous year, led the revival of the global 500 companies. Wal-Mart ranked first for three consecutive years. This headquartered company has achieved $ 263 billion in business income, an increase of 7% over the previous year; the profit increased by 13%, and the employee increased by 100,000, the total number of employees was as high as 1.5 million, in the list It's right. Although Wal-Mart is the world's largest company, it is not the most profitable in 500. If you don't count MCI Telecom (Ranked 168, last year, I just left the bankrupt), there were $ 22.2 billion of the book profits), then Exxon Mobil is the largest company in 2003, the net profit is $ 21.5 billion, almost than before It is doubled more than a year; the second, net profit is 17.9 billion, an increase of 17% from 2002; the third is General Electric, 9th. 15 billion. The largest loser in the United States last year's online-Time Warner, 2002 lost $ 98.7 billion, this is also lost. In 2003, this company (83rd, also "Fortune" parent company) reminded the AOL in the name, and also cleared the debt and achieved a profit of $ 2.6 billion. At the same time, it also exceeded the Vandendi Universal Group (153 in Vivendi Universal, and its entertainment business was acquired by General Electric) and became the world's largest entertainment.
This year's largest loser is Japan's big store. Mitsubishi, Mitsubishi and Itochu, ITOCHU, have been covered with the top three in 1995. Today, these three companies have been smashed behind. The newly promulgated accounting regulations have caused various trading companies' income plunge plummeted (see the location of the left column "traders"). For example, in 2003, the Mitsubishi Commerce (the 10th in 2002, 2003, 398) was $ 14.1 billion, while 2002 was $ 109.4 billion.
Despite this, last year is still the best year in Japan. After two years of loss, the 500-strong Japanese company began earnings, headed by the eighth Toyota Motor, the profit increased by 67%, which became the most profitable car manufacturer of the world. Andrew Smith, a chairman of Schiths & Co., London, London, said: "Japan has driven recovery with exports."
How about Europe? The European economy only increased by 0.8% last year (US 3.1%, Japan 2.5%), and the performance is not eye-catching. The business income represented by French oil company Total (Total, 10th), Germany Insurance Company Andian Group (Allianz, 11th) and Ansheng Company (AXA, 14th) have achieved business income. Growth of two digits. However, although the proportion of the total operating income of Europe has increased, the number of France, Germany, and Italy has been reduced, and the trend of 10 years has been reduced. The UK is a highlight of Europe, and the British company on the list has increased in 1995. The change in the world's 500 top ten years has also been reflected in the global capital market. In 1994, the market value of the US company accounted for 35% of the total market value of the London Financial Times (FTSE), and ranked 53% in 2003. In contrast, the proportion of Japanese listed companies as a result of the market value dropped from 30% last year to 9%. There is no great change in this regard in Europe.
There is also a concern to China, and its economic growth rate is maintained at an average of more than 8%. Last year, China accounted for one-third of global oil demand growth, and more than Japan became the world's second largest oil consumer. China also consumed half of half of cement, one-third of steel, quarter of copper and one-fifth aluminum.
Although China's total business income and profits in China are still relatively low, the total operating income of these companies has also increased by 53% in 2003, reaching $ 58.3 billion. The new Shanghai Automotive, 461 bits) sold 848,000 cars last year, the profit increased by 150%; the profit of state-owned Sinopec, 54-bit) increased by 135%; another new The company Shanghai Baosteel, 372 bits) benefited from the strong demand for steel products last year, and its business income has increased by 55%. However, most of the famous Chinese companies in most columns belong to the country, and they should catch up with the peers on the list of lean management. For example, China National Petroleum, 52 bits of Norwegian oil companies (Statoil, 112th), but the number of employees is 52 times. "Capitalism is still in the primary stage in China," Schweizu said, "There is still a long way to go."
The country that manufactures news last year is India. Although most news is related to outsourcing of technology, such companies must be 500. However, in addition to Indian oil companies (Indian Oil, 189), India also has three oil companies to get 500 top 500: Bharat Petroleum, 450, Hindustan Petroleum, 462. Bit), trust industrial company (Reliance Industries, 482).
The world's 500 topboard is exactly reflects the changes in the global economy. Although the United States will still be a trainer of the world economy in the next few years, companies from developing countries are catching up quickly. This trend will continue to continue.
Translator: Wang Yuzhen
Further reading:
● Global 500 website | 500 largest companies and URLs worldwide.
● Rankings of the top | Important ranking and major awards related to high-tech, financial, etc.
● Foreign list Daquan | 2003 English data most comprehensive list, five flowers eight companies leaderboard "wealth": 2004 China's most appreciated company list Hu Run reappears China CFO's most popular financial institution (list) "Wealth": Technical Wind Standard - 2004 World's "Cool Company" "Business Week": 2004 The world's most valuable 100 brand list 2003 company trademark ranking, Sony is in the list, Dell 32003 leaders Far East Enterprise 2003 China's most valuable brand list announced the list of online games, the list of KMWorld: 2003, the most influential 100 company Wall Street Journal 2003 Global Company TOP 100, General Somerly Microsoft Second United States "Working Mother" is the best company "Wealth" "Wealth" "Wealth" in 2002, 2002, 2002, 2002, 2002, 2002: Good Family in the Depression - 100 Best Employers in the United States 2002 Business Week: Global IT Enterprise TOP 100 Rankings "Wealth": Network 50 (Fortune E-50) latest data
