China Huaneng: 215th, jumping 33 places

On August 3, 2022 Beijing time, the latest Fortune Global 500 list was released. China Huaneng Group Co., Ltd. ranked 215th, jumping 33 places from last year and setting a new record.

The top 10 companies on the 2022 Fortune Global 500 list are Walmart, Amazon, State Grid Co LTD, China National Petroleum Corp LTD, China Petroleum and Chemical Corp LTD, Saudi Aramco, Apple Inc, Volkswagen Corp, China State Construction Corporation LTD and CVS Health Corp. China has 145 companies on the list. The combined revenue of companies on the Fortune Global 500 this year was about $37.8 trillion, up 19.2% from the previous year and the biggest increase in the list’s history, the data showed.

In 2021, in the face of a century of changes, a century of epidemic and a shortage of energy and electricity, China Huaneng resolutely shoulded the political responsibility of energy supply protection. Under the situation of serious inversion of coal price and electricity price, all industrial sectors made concerted efforts and achieved steady growth in business performance. The annual electricity output and operating revenue reached the highest level in history, with year-on-year growth of 9.4% and 22%, respectively. The profit of new energy industry increased by 85.8%, and the company’s anti-risk ability and profitability were significantly enhanced.

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