On May 12, Forbes, the world-famous authoritative business magazine released the top 2000 global enterprises in 2022. Tongwei Co., Ltd. was honored to be on the List with its high-quality and steady growth and sustained sound performance. The following day, 2022 New Fortune 500 Rich List was officially released. Liu Hanyuan, member of the Standing Committee of the 11th Chinese People’s Political Consultative Conference (CPPCC), deputy to the NPC and Chairman of the Board of Directors of Tongwei Group, and Guan Yamei, Chairman of Tongwei Group, ranked 35th on the List, up 16 places from last year.

Tongwei Co., Ltd. Ranked in Forbes Global 2000 List 2022

Forbes Global 2000, the authoritative ranking of the world's largest listed companies, ranks the 2000 largest and most valuable companies in the world based on four metrics: sales, profits, assets, and market value. The List shows, 399 enterprises from China (including Hong Kong, Macao and Taiwan) entered the List this year, setting a new record once again. The total revenue of the companies on the List this year is 47.6 trillion U.S. dollars, with profits of 5 trillion U.S. dollars, assets of 233.7 trillion U.S. dollars, and market capitalization of 76.5 trillion U.S. dollars.

2022 New Fortune 500 Rich List

As a barometer of the development of private enterprises, the New Fortune 500 Rich List presents the new investment trends and the new opportunities for wealth creation of the most dynamic entities of China's economy in the past year through the changes of the List. The 2022 New Fortune 500 Rich List has a threshold of RMB 9.37 billion, rising for four consecutive years. Meanwhile, the total wealth of the rich on the List was RMB 16.5 trillion, a slight decrease of RMB 1.1 trillion from last year. The List shows 11 rich people hold a wealth of more than RMB 200 billion respectively in 2021, while this year the number has declined sharply to 4; However, the number of the rich hold a wealth of more than ten billion yuan has kept a steady growth to 464 in 2022, more than 200 increased compared to 2019.