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Two companies in east China’s Anhui province are on this year’s Fortune Global 500 list, according to People’s Daily Online. Anhui Conch Group Co. ranked 315th on the list, up 52 notches from last year, and Tongling Nonferrous Metals Group Holdings Co.took the 407th spot, up 49 notches. Impacted by the COVID-19 pandemic, the total revenue of the World’s top 500 companies decreased 5 percent to US$31.7 trillion this year. The minimum sales revenue on the list reached US$24 billion, down from US$25.4 billion a year ago. Meanwhile, the total net profit stood at US$1.6 trillion, down 20 percent year on year, the biggest drop since 2009. Three Chinese enterprises ranked among the top five positions on the list: State Grid (2nd), China National Petroleum Corp (4th) and Sinopec Group (5th).
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