Recently, Forbes released the 19th edition of its Global 2000 list. Each year, the list selects the world’s 2,000 largest and most valuable listed companies based on four criteria: sales, profits, assets and market capitalization.
With the steady growth of operating indicators such as revenue, profit and asset scale, C&D Inc. ranked 619th in the global ranking list, up 67 places from 2020, and its ranking has always maintained a steady upward trend.
A record 395 companies from China, including Hong Kong, Macao and Taiwan, made the list this year. China’s outperformance, led by state-controlled financial institutions, underlines the huge role the state plays in the economy.
China’s top companies have all benefited from relatively strong economic growth over the past year. At the peak of the epidemic in the first quarter of last year, China’s economy contracted by 6.8 percent, but it is one of the few countries to achieve a positive growth rate of 2.3 percent in 2020. In the first quarter of 2021, China’s economy grew 18.3% year on year, one of the best performances China has ever seen.
The Forbes 2000 list is based on four metrics: sales, profits, assets and market capitalization. Forbes ranks companies by size, giving equal weight to each metric. Each company gets a separate score for each metric, which Forbes aggregates into a composite score. The higher the compound score, the higher the company’s ranking.