On August 5, the 2024 Fortune Global 500 list was released. The combined revenue of Fortune 500 companies this year is about $41 trillion, a slight increase of about 0.1% over last year. The combined net profit of all the companies on the list rose 2.3% year on year to about $2.97 trillion.
Among them, China Building Materials Group Co., Ltd. ranked 307.
In addition, China Resources Co., Ltd., which includes cement business , ranked 72nd.
It is noteworthy that Conch Group, which has entered the list of the world's top 500 for five consecutive years from 2019 to 2023, failed this year. Conch Cement is the core enterprise of Conch Group. The annual report of Conch Cement in 2023 shows that in 2023, Conch Cement realized business income of about 141 billion yuan, an increase of 6.8% over the previous year, and the net profit attributable to the parent company was 10.43 billion yuan. Down 33.4% year on year.
