Fortune magazine is one of the world's most authoritative financial magazines, as famous as Forbes and Business Week.
Among them, the most prestigious and well-known is the Fortune Global 500 list, which has always been the focus of people's attention around the world and has a huge influence.
This list, released annually, uses revenue as the main basis for ranking companies. It has always been the most famous and authoritative list for measuring large companies around the world, and is known as the "ultimate list."
In the past two years, China has ranked first in the number of companies on the list, reaching more than 140, which is much more than the 122 companies in Eagle Country. Moreover, this number is still increasing rapidly every year, which is enough to witness the miracle of China's economic growth.
The reason why the Fortune 500 list only looks at revenue is because the magazine believes that revenue is the most reliable, powerful and meaningful indicator of growth and success.
Therefore, in the 70 years since its launch, the Fortune 500 list has become more authoritative and famous than Forbes and Business Week, which also publish company rankings.
The strongest one on Forbes' side is the World's Richest List, which is also the most authoritative list of the world's richest people.
Other economic magazines such as Business Week have other rankings.
These lists are deeply loved by business people around the world, especially the Fortune 500 and Rich Lists, which are widely circulated and deeply rooted in the hearts of the people, and have formed a resounding brand effect.
Many people and companies are proud to be included in these rankings, and some even question that these magazines have underestimated their assets, resulting in lower rankings.
For some developing companies, entering the rankings is also a great publicity.
With the same salary and benefits, working in an ordinary company and working in a Fortune 500 company, the latter will undoubtedly make passers-by look in awe, get some envious looks, and it will look better on your resume.
Many people like to work in Fortune 500 companies because they feel that the name is famous and can bluff people, and they can learn more in a big company and have greater potential for future advancement.
As for the rich list, not to mention that every time a new rich person is on the list, the media will always be eager to popularize it to the public, and by the way, they will also comment on the other rich people on the list.
The 'Water King' who ascended to the throne of China's richest man last year has sparked heated discussions across the Internet.
Everyone does not understand that a company with no technical content such as selling mineral water can actually surpass the major technology giants, and everyone is amazed and incredible.
Controversial news like this is the favorite of the media, so they promote various lists to the public whenever they have the opportunity to attract attention.
Lucas is the Asia-Pacific editor-in-chief of Fortune magazine and is responsible for the magazine's various corporate rankings.
The rankings are usually released in the middle of the year, because many companies' fiscal years are only released in March and April. After statistics and review of data, it would be good to come out in June.
They will collect financial data of major companies through various methods and then rank them.
The data statistics of listed companies are very simple and can be calculated based on published financial statements.
But for companies that are not listed on the market, it is difficult to calculate revenue data. At this time, the only way is to send an email or call the other party and ask the other party to provide sales data for them to review and then include it in the statistics.
Lucas took the initiative to call Wei Kang this time because he wanted to add Sanqing to the top 500 ranking after seeing the annual income announced by Sanqing.
It's just that the annual report data released by Sanqing is too simple, without any specific details. They want more sales data.
"Hello, Mr. Wei, I am Lucas, the editor-in-chief of Fortune magazine. I see that your company's revenue has grown rapidly and has exceeded the threshold for inclusion in the Global 500 companies, so I would like to know more details. Let’s determine the specific ranking of Sanqing Group.”
Lucas's attitude was very friendly and his tone was very confident. He felt that the other party would be happy to agree. After all, being listed in the Global 500 was a huge honor, and many companies were vying to be on this list.
Wei Kang raised his eyebrows: "Fortune magazine? Ranking of the Global 500? What is your threshold for inclusion on the list?"
Lucas said quite proudly: "Due to the good global economic situation and most companies doing well, the threshold for our list is increasing every year. Last year, the threshold for inclusion on the list was about US$25 billion."
Wei Kang pondered for a few seconds and asked, "What kind of data do you want?"
Lucas smiled and was very satisfied with Wei Kang's reaction. Sure enough, no matter what kind of company, all companies are inevitable and want to enter the top 500 rankings.
"Mr. Wei, you only need to provide me with the sales and profits for the 12 months of last year, and then calculate the data for the first three months of this year. After summarizing, send it to Fortune Magazine, and then you can calculate the ranking."
Wei Kang asked curiously: "It's not March yet, and the financial reports of other companies should not be out yet."
Lucas explained patiently: "No need to worry about this. We only published the list in June. Now we need some data from you, such as profit, cost and expense reports, etc., and we will make statistics first."
"By the way, we also want to interview you. As the young entrepreneur with the greatest momentum in recent years, you are very suitable for the cover of our magazine."
Wei Kang shook his head and refused: "Forget it, I'm not interested."
"..." Lucas never expected that he would refuse. He held his breath in his chest for a moment, his face turned red, and he stuttered when he spoke: "Then, um, Mr. Wei, why? I know Any reason for your refusal?"
Wei Kang sighed and said with some regret: "Originally I was quite interested in this list and wanted to see where Sanqing ranked, but you want sales data, which also includes sensitive figures such as profits and costs. , I would naturally refuse, which is reasonable."
"Furthermore, our fiscal year is from January to December, which is completely different from other companies. It is even more impossible to give you special statistics for this year."
"So forget it. Not being on this list actually doesn't mean much to Sanqing."
The implication of Wei Kang's words is obvious, you want too much. How can it be possible for an unlisted company to tell you such secrets as profits and costs? How could everything be disclosed to the public?
Lucas suddenly became excited and suddenly understood something.
If it doesn't make the list, it means nothing to Sanqing.
But for Fortune magazine, it is of great significance.
Sanqing Group's current income has reached a level that no business elite can ignore.
If such a multinational pharmaceutical giant with an annual revenue of US$42 billion cannot be on the list.
So how authoritative and persuasive is this top 500 list?
The threshold for being on the list is only 25 billion, but the three clearings have 42 billion.
If companies with much less revenue than Sanqing could be on the list, the ranking would still be high, but Sanqing would be the only one missing.
What should people think?
Will it question the credibility of this list?
Moreover, with Wei Kang's net worth, he will definitely be on the Forbes rich list this year, and his ranking will not be low. Especially on the China Rich List, he will definitely be one of the best.
If such a rich man and such a company were not on the wealth list, wouldn't they be ridiculed by their competitors and become the joke of the entire industry?
Lucas shuddered and didn't dare to think about it anymore.
He quickly said: "It doesn't matter. Let's follow Sanqing's financial year. There is no need to give me detailed information. I saw the annual report just released by your company. The data in it is just right and authoritative. It is enough for us. ”
"Our list is always announced in June, but I can release an informal list in advance and announce the ranking of Sanqing. Anyway, the public only looks at the ranking on the list, not the specific data, as long as the ranking No change, little impact.”
Wei Kang couldn't help but be stunned. Since the other party was so knowledgeable and sincere, he had no choice but to make it onto the top 500 list.
He smiled slightly and said, "That's good. I would like to ask, based on Sanqing's income, how high can he rank?"
Lucas pondered for a moment and said slowly: "I can only speculate from last year's list. Since the revenue of enterprises will rise slowly every year, this number will fluctuate. However, with Sanqing's revenue of US$42 billion, It will definitely rank in the top 300 in the world, I estimate it will be around 280."
Last year's top spot was retail giant Walmart, with annual sales of more than $500 billion.
China's central and state-owned enterprises also rank very high.
In fact, Sanqing’s revenue of more than 40 billion US dollars does not rank high on the list, and can only be regarded as mid-range.
With revenue of US$100 billion, it ranks in the 70s. Pfizer, the world's largest pharmaceutical company with more than US$80 billion, is not even in the top 100.
But Sanqing is very famous, and its upward momentum is like a rocket. In three years, it has gone from being unknown to more than 200 people in the world. What a legendary experience it is, it will definitely attract the attention of people all over the world.
If we conduct an exclusive interview with Wei Kang, put his handsome face on the cover of the magazine, and hype up the gimmick, the magazine's sales will definitely hit a record high.
When Lucas thought of this, his heart suddenly became hot, and he hurriedly took advantage of the heat and said: "Mr. Wei, we are very sincere in your interview. We want to invite you to be the cover character. Please agree to us."
Wei Kang is quite satisfied with this ranking. After all, this is his first time on the list, so being ranked in the middle is already pretty good.
His requirements are not high. After all, there are many giant state-owned enterprises on this list, which must have higher income than Sanqing.
However, although many companies on the list have high revenue, their profit margins are very thin, and many even lose money year after year.
Compared with Sanqing, this is far inferior and not on the same level at all.
He nodded and agreed to the other party's request: "Okay, seeing as you are so sincere, I will reluctantly agree."
