I can extract side effects

Chapter 289 Fortune Global 500

"Fortune" magazine is one of the most authoritative financial magazines in the world, as well as Forbes and Business Weekly.

Among them, the most prestigious and well-known is the world's top 500 list, which has always been the focus of attention of people all over the world and has a huge impact.

This list, which is released once a year, uses revenue as the main basis for corporate rankings. 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, the number of companies on the list in China has become the first, reaching more than 140, which is much more than the 122 companies in Eagle Country, and this number is still increasing rapidly every year, which is enough to witness the miracle of China's economic growth.

The reason why the top 500 list only looks at revenue is because the magazine believes that revenue is the most reliable, most proven, and most meaningful indicator of growth and success.

Therefore, since its publication 70 years ago, the Fortune 500 list is more authoritative and famous than Forbes and Business Week, which also launched company rankings.

The strongest thing on Forbes is the global rich list, which is also the most authoritative list of rich people in the world.

Other economic magazines, such as Businessweek, have other rankings.

These lists are deeply loved by business people around the world, especially the top 500 and the rich list, which are widely spread and deeply rooted in the hearts of the people, and have formed a well-known brand effect.

Many people and companies are proud to be included in these rankings, and some people even questioned that these magazines underestimated their assets, resulting in lower rankings.

For some developing companies, entering the leaderboard is also a great publicity.

The same salary, working in an ordinary company, and working in the world's top 500, the latter will undoubtedly make passersby stand in awe, get a bit of envious eyes, and it will look better on the resume.

Many people like to work in a Fortune 500 company. They feel that they can bluff people by being famous, and that they can learn more in big companies and have greater potential for future growth.

As for the rich list, not to mention, every time a new rich man is on the list, the media can't wait to popularize it to the public, and by the way, comment on other rich people on the list.

The 'Water King' who became the richest man in China last year caused heated discussions on the Internet.

Everyone doesn't understand that a company that sells mineral water with no technical content can actually surpass the major technology giants, and everyone exclaims in disbelief.

Controversial news like this is the favorite of the media, so they promote various lists to the public to attract attention whenever they have the opportunity.

Lucas is the editor-in-chief of Fortune Asia Pacific, responsible for the magazine's various corporate rankings.

Rankings are generally released in the middle of the year, because many companies’ fiscal years are released in March and April. After statistics and audit data, it would be good to be released in June.

They will collect the financial data of major companies in various ways, and then rank them.

The statistics of listed companies are very simple and can be calculated based on the published financial statements.

However, for companies that are not listed, it is difficult to count revenue data. At this time, they can only send emails or call the other party to ask the other party to provide sales data for their review and then include in the statistics.

Lucas took the initiative to call Wei Kang this time because he wanted to add Sanqing to the top 500 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, and they want more sales data.

"Mr. Wei, hello, I'm Lucas, the editor-in-chief of Fortune Magazine. I saw that your company's revenue has grown rapidly and has exceeded the threshold for being listed in the world's top 500 companies, so I want to know more details. Confirm the specific ranking of Sanqing Group."

Lucas has a friendly attitude and a confident tone. He feels that the other party will happily agree. After all, the Global 500 is a huge honor, and many companies are rushing to enter this list.

Wei Kang raised his brows: "Fortune magazine? The ranking of the world's top 500? What is the threshold for you to be listed?"

Lucas said quite complacently: "Because the global economic situation is good and most companies are developing well, the threshold for our list is increasing every year. Last year, the threshold for the list was about 25 billion US dollars."

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, they all want to enter the top 500 list.

"Mr. Wei, you just need to provide me with the sales and profits for the 12 months of last year, and then count 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 yet March, and the financial reports of other companies should not be out yet."

Lucas patiently explained: "There is no need to worry about this. We only released the list in June. Now I will ask you for some data, such as profit, cost and expenditure reports, etc., and make statistics first."

"By the way, we also want to interview you. As the young entrepreneur with the most 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 an instant, his face flushed red, and he stuttered: "Then, that, Mr. Wei, why? I know Is there a reason for your refusal?"

Wei Kang sighed, and said with some regret: "I was quite interested in this list at first, and wanted to see the ranking of Sanqing, but you want sales data, which also includes sensitive figures such as profit and cost. , I would naturally refuse, which is reasonable."

"And our fiscal year is from January to December, which is completely different from other companies, and it is even more impossible to specifically calculate this year's data for you."

"So let's forget it. It doesn't really mean much to Sanqing if he doesn't make it on this list."

The implication of Wei Kang's words is obvious. You want too much. For a non-listed company, how can it be possible to tell you the secrets of profits and costs? How could it be disclosed to the public?

Lukas was shocked for a moment, and suddenly understood something.

It doesn't make sense for Sanqing not to be on the list.

But for Fortune Magazine, it means a lot.

The current income of Sanqing Group has reached a level that no business elite can ignore.

If such a multinational pharmaceutical giant with an annual income of 42 billion US dollars cannot make the list.

So what authority and persuasiveness does this top 500 list have?

The threshold for the list is only 25 billion, but Sanqing has 42 billion.

If companies with much less income than Sanqing can make the list, the ranking is not low, but only Sanqing is missing.

What should people think?

Will you 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 the China Rich List, which is definitely one of the best.

If such a rich man and such a company are not on the wealth list, wouldn't they be ridiculed by competitors and become a joke of the entire industry.

Lucas shuddered, not daring to think about it anymore.

He hurriedly said: "It's okay, let's follow Sanqing's financial year, and you don't need to give me detailed information. I saw the annual report just released by your company. The data in it are just right and authoritative, enough for us to use." gone."

"Our list is always announced in June, but I can release an informal list in advance to 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 being taken aback. Since the other party was so knowledgeable and sincere, he had no choice but to make it to the top 500 list.

He smiled slightly and said, "That's good. I want to ask, with Sanqing's income, how many places can he rank?"

Lucas pondered for a while, and said slowly: "I can only speculate from last year's list. Since the income of enterprises will rise slowly every year, this number will fluctuate. It will definitely be ranked in the top 300 in the world, I estimate it will be around 280."

Last year's top spot was retail giant Wal-Mart, with an annual turnover 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 U.S. dollars does not rank high on the list, and can only be regarded as the middle reaches.

The revenue of 100 billion U.S. dollars will rank more than 70, and the world's largest pharmaceutical company Pfizer with more than 80 billion U.S. dollars has not entered the top 100.

But Sanqing is famous, and its rising momentum is like riding a rocket. It took three years to grow from an unknown to more than 200 people around the world. What a legendary experience this is, and it will definitely attract the attention of people all over the world.

If there is an exclusive interview with Wei Kang, his handsome face is printed on the cover of the magazine, and this gimmick is hyped up, the sales volume of the magazine will definitely hit a record high.

When Lucas thought of this, his heart suddenly became hot, and he hurriedly hit the railroad: "Mr. Wei, we are very sincere about your interview, and we want to invite you to be the cover character, please agree to us."

Wei Kang is quite satisfied with this ranking. After all, it is the first time on the list, and it is already very good to be ranked in the middle.

He is not too demanding. After all, there are many giant central enterprises on this list, which must have higher income than Sanqing.

However, although many companies on the list have high revenues, their profit margins are very meager, and many of them even lose money year after year.

Compared with Sanqing, this point is far inferior, not at the same level at all.

He nodded and agreed to the other party's request: "All right, for the sake of your sincerity, I will reluctantly agree."

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