Speaking of the most profitable companies, many people first think of banks and tobacco, but in fact they are not. Before 2019, the most profitable companies in the world were mainly in Apple (the cost of an Apple priced at 10,000 yuan) Less than 3,000 yuan) and Warren Buffett’s Berkshire Hathaway. Among them, Apple is the dominant company and has repeatedly ranked first.
On August 10, the 2020 Fortune Global 500 list was officially announced. Of course, the Fortune Global 500 is mainly ranked by operating income, so Wal-Mart has been ranked first for many years. However , after revenue , 500 Qiang also arranged a list, that is, the profit list. From this year's list, we can see that Saudi Aramco ranks first in profit, with a total profit of 88.211 billion U.S. dollars. According to today's exchange rate, the profit exceeds 6000. It reached 617.5 billion yuan, equivalent to 1.6 times that of Apple, almost twice that of China's most profitable ICBC, and more than the total GDP of Hainan Province in one year.
Where is Saudi Aramco?
Saudi Aramco, formerly known as the Saudi Arabian National Petroleum Corporation, is the world's largest oil production company and the world's sixth largest oil refiner, with operations all over the world. It is mainly engaged in petroleum exploration, development, production, refining, transportation, and sales. It has the world's largest onshore and offshore oil fields.
Maybe many people have questions? Why was there no Saudi Aramco in the profit list of the Fortune Global 500 in previous years? Why did it suddenly appear this year? In fact, the key reason lies in the selection criteria of the Fortune 500. One of the criteria for the selection of the Fortune 500 is that the financial data of all participating companies must be open and transparent; before that, Saudi Aramco, like China Tobacco, did not disclose specific details. Data, so it is not on the list.
Saudi Aramco went public in 2019, issued shares at a price of 32 riyals per share and raised US$25.6 billion, making it the largest IPO in history. The company’s valuation reached US$1.7 trillion, surpassing Microsoft and Apple to become the highest market capitalization. Listed companies in the United States; and companies must release financial statement data to the public when they go public, so Saudi Aramco has come from behind on this year’s list.
Also as oil companies, especially PetroChina and Sinopec’s operating income surpassed Saudi Aramco, but the combined profits of the two companies are not enough for Saudi Aramco’s heels. PetroChina achieved revenue of 2.52 trillion yuan and net profit of 45.7 billion yuan in 2019 . In 2019, it achieved operating income of 2.97 trillion yuan and realized a net profit of 57.6 billion yuan. The combined profits of the two companies were 103.3 billion yuan, only about one-sixth of Saudi Aramco.
Is China Tobacco No. 1 in the World?
Regarding Saudi Aramco's ranking first, in fact, many people are not satisfied with it. In the minds of many people, China Tobacco is the invisible boss. Is China Tobacco really that powerful? Let's look at revenue first. For the Fortune Global 500 in 2020, Wal-Mart will still rank first in revenue, with an amount of 523.964 billion US dollars, which is equivalent to 36678 billion yuan. According to data released by the authoritative medical journal "The Lancet", the number of smokers in China is the largest in the world, with a number of approximately 268 million (including 254 million male smokers and 14 million female smokers). According to Wal-Mart’s revenue calculation, China Tobacco’s sales revenue should exceed Wal-Mart’s, so the per capita annual consumption of smokers must reach: 3,66.8 billion yuan / 268 million people = 13,686 yuan/year, equivalent to 1,140 yuan per month (about 38 yuan per day ), in reality, it is always a minority that spends more than 1,000 yuan on tobacco bills every month, so it is difficult for China Tobacco to achieve the world's largest revenue!
Looking at profit again, China Tobacco has never announced its net profit data, but has announced the total profit and tax. In 2019, the total profit and tax of China National Tobacco Corporation reached 1205.6 billion yuan, a year-on-year increase of 4.3%. But it should be noted that the total profit and tax is not net profit, which includes "tax" and "net profit." The tobacco industry is a typical high-tax industry. What is the net profit of China National Tobacco Corporation?
The net profit of China’s tobacco industry was exposed following the Industrial Bank’s announcement on the evening of March 5, 2020. As the private placement unit of Industrial Bank, China National Tobacco Corporation was “disclosed” for the first time in its 2010 net profit reached 1,177. 100 million yuan. In 2011, the profit and tax of China's tobacco industry was 752.956 billion, and the net profit only accounted for 15.63% of the total tax and profit. According to this ratio, China Tobacco's net profit in 2019 is: 12056*15.63% = 188.4 billion yuan, this profit data is even big The bank did not exceed it, let alone Saudi Aramco. Therefore, although China Tobacco is a giant, it is currently not the number one in the world in terms of revenue or profit.
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