CNPC First Came To The Top 500 In The World, Raising The Question Of "Little Significance".

Yesterday, the financial times released the ranking of the top 500 companies in the world, and China Petroleum (601857) natural gas Limited by Share Ltd (hereinafter referred to as PetroChina), for the first time, surpassed the US Exxon Corporation in the market capitalization of 329 billion 300 million dollars, becoming the largest market in the world's top 500 enterprises, and two of the top ten companies were ICBC (601398) and China Mobile.

PetroChina Co Ltd is the largest oil and gas producer and distributor in China's oil and gas industry. It is one of the largest sales companies in China and one of the largest oil companies in the world.

Microsoft's market capitalization exceeds Apple's.

PetroChina ranked second in last year's financial times global top 500 list, and China's oil company also ranked first in the list this year.

The total market capitalization of the top 500 enterprises reached US $23 trillion and 500 billion, which is more than half of that in 2009. This increase is only for nearly 10 years. Among the top ten companies, all except the Australian mining giant BHP Billiton group are occupied by Chinese and American enterprises, while American enterprises occupy six of them.

It is worth noting that the third ranking Microsoft Corp ranks first among IT companies. But in May 28th, Apple's total market capitalization surpassed Microsoft, and the position of IT, the world's oldest global leader, had to be handed over. Apple ranked fifth this time.

The financial times, the world's top 500, is one of the world's top companies ranked by Fortune Global 500. The ranking was established on the basis of stock prices of major companies in the world in March 31st. The list is published once a year and has been released for 14 consecutive times. And the entry company must have at least 15% shares in the market, ranking according to the total market capitalization of the company on its respective listed exchanges, that is, the market value = the unit stock price * the number of shares issued, and the unlisted shares are not included. This is different from the ranking of Fortune 500 in terms of turnover.

Netizens expect "non state enterprises to list"

Yesterday, Dong Xiucheng, vice president of the school of Business Administration of China University of Petroleum, said in an interview with the Morning Post reporter: "because the ranking of the top 500 financial times in the global financial market is affected by the fluctuation of stock prices, and ranked by market value, it is of little significance and it is difficult to explain what problems."

Dong Xiucheng analysis said that China's oil market capitalization ranked first, actually benefiting from the environment of China's economy. As Europe and the United States were the hardest hit areas of the financial crisis, the stock market in Europe and the United States suffered serious setbacks, so the market value of ExxonMobil and Shell and other companies dropped sharply, while China resisted the impact of the financial crisis. China Petroleum took the opportunity to surpass its rivals.

Dong Xiucheng said that measuring the strength of enterprises is not enough to rely on market capitalization. Sales can, to some extent, reflect the strength of an enterprise.

However, not all enterprises have the luck of PetroChina. It is understood that the number of Chinese enterprises in the world's top 500 this year (including Hong Kong, Macao and Taiwan) is 45, slightly lower than last year's 47. Among them, 21 enterprises in mainland China, 6 fewer than last year, including the Shanghai electric (601727), Datang International power generation, Zijin Mining (601899) and so on.

The 21 Chinese enterprises listed on the list are all large state-owned or state-controlled enterprises, which cover finance, chemical industry, construction, spanportation and so on. And that is why netizens are questioned. Yesterday, netizens "mole ant spring and Autumn" posted a post of "the biggest joke in the century: PetroChina and the world's top 500 leaders" in Baidu Post Bar "601857 bar". Many netizens questioned it. Among them, netizens "Long Xuan" Post said: "state holding enterprises are also very happy to say that there is a non-state-owned (enterprise) Chinese bull."

According to the first quarter earnings of PetroChina, its operating income in the first quarter of this year was 318 billion 795 million yuan, an increase of 75.2% over the same period last year. Net profit was 32 billion 449 million yuan, and earnings per share were 0.18 yuan, up 72.7% from the same period last year.

In May 28th, China Petroleum A shares closed 10.96 yuan, a slight increase of 0.37%, and H-share prices closed at HK $8.49, up 3.54%.