What are the Fortune 500 companies in Hefei?
IBM . Hefei Orange Wind Baianju Decoration and Building Materials Co. Hefei Yunhe Jiangsen Auto Seat Co. Hong Kong HSBC . Tesco UK . China Minmetals Corporation . ABB, Hitachi Construction Machinery, Unilever, Coca-Cola, Carrefour, Sanyo Electric Self-Control and 49 other Fortune 500 companies are operating in Hefei IBM. Hefei Orange Wind Baianju Decoration and Building Materials Co. Hefei Yunhe Jiangsen Auto Seat Co. Hong Kong HSBC . Tesco UK . China Minmetals Corporation . Minmetals Group, ABB, Hitachi Construction Machinery, Unilever, Coca-Cola, Carrefour, Sanyo Electric Automation and other 49 of the world's top 500 companies to carry out business activities in Hefei. The selection criteria for the world's top 500 companies mainly include five elements: first, sales revenue. In addition to profits, assets, shareholders' equity, the number of employees as a reference indicator, "Fortune" is the most common and most important standard is the enterprise's sales revenue. That is to say, if the ranking is based on sales revenue, even a well-known enterprise cannot be on the list if the enterprise is ranked more than 500. For example, Tsingtao Beer was already a Chinese company well known to Americans as early as 2002, but its sales revenue was less than $10 billion and it failed to enter the top 500 that year. Second, corporate statistics must be highly transparent. Fortune requires that the data of all participating companies be made public. Fortune believes that Fortune will rank you in the top 500 companies in the world only if you let the outside world know your company's assets, which is one of the reasons why many first-class companies fail to enter the top 500 companies in the world. Third, independent corporate governance. In terms of its characteristics, independent and sound corporate governance is an important indicator, which includes both the independence of the controlling country and the independence of the controlling family. Fourth, harmonized sorting by dollar. Fortune magazine has been using the average annual exchange rate between local currencies and the U.S. dollar to convert companies' sales revenues to U.S. dollars on a uniform basis and then finalize the sorting. This is different from Forbes, which uses the exchange rate between the currency of the country where the business is located and the U.S. dollar at the end of the tally. Fifth, the information must be declared within a specified time frame. Fortune requires companies that want to participate in the ranking to apply in advance and provide financial statements and other relevant information in accordance with relevant requirements. For Chinese companies, Fortune mainly obtains relevant data and information through three channels. First, it obtains relevant statistics from the Chinese government or industry statistics departments. Second, extracting relevant information from information released by Chinese research organizations, such as financial statements released by Chinese listed companies. Thirdly, verifying relevant data through the database of Chinese companies that have set up branches in Hong Kong.