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The 2022 Fortune China 500 list has been released, taking into account the performance and achievements of the world's largest listed Chinese companies over the past year. Tisco Stainless Steel climbed to 138th place from 171 in 2021, the highest ranking among Shanxi enterprises.
The 2022 Fortune China 500 list, compiled by Fortune Chinese in cooperation with CICC Wealth, takes a look at the performance and achievements of listed Chinese companies worldwide over the past year. The total operating revenue of the top 500 companies reached 62 trillion yuan and net profit reached 4.7 trillion yuan. Compared with the 2021 list, both operating revenue and net profit have improved significantly. Tisco Stainless Steel with operating revenue of more than 101.4 billion yuan ranked 138th.
In 2021, TISCO Stainless Steel grabbed the market opportunities, with reform and innovation as the driving force, to explore the market, business performance achieved the best level in history. From the specific indicators, the annual production of steel 12,731,400 tons, including stainless steel 4,472,400 tons; The annual sales volume of steel was 12,082,600 tons, including 4.143,200 tons of stainless steel; Exports of steel 618,300 tons, including 410,100 tons of stainless steel. At the same time, TISCO Stainless Steel through the continuous promotion of cost reduction, optimization of product structure and other powerful measures, to carry out the improvement of return on equity, profitability greatly improved, asset operation efficiency gradually enhanced, capital structure further optimization.
In recent years, TISCO adhere to independent innovation, determined to serve the country industry, product research and development, technological innovation, frequent success. In the face of supply side structural reform deepening and the trend of industrial transformation and upgrading, adhere to the innovation of taiyuan iron and steel as the first driving force of the development of the leading enterprises, through building "industry-university-institute with" innovation platform, continuously develop the duplex stainless steel, nuclear power with stainless steel, stainless steel foil, new energy vehicles with silicon steel is given priority to with stainless steel of high technology, such as difficult and high value-added new products, It is widely used in high-speed rail axle, cross-sea bridge, petroleum and petrochemical, nuclear power, Long March rockets, precision instrument manufacturing and other major projects and high-tech fields. On December 23, 2020, TISCO joined Baowu, opening a new chapter of development and realizing the leap from catching up to leading.