Recently, Forbes announced the top 50 best listed companies in Asia in 2018 (Fab 50).CHINT, as the representative of the electrical equipment industry, has entered the list of the top 50 Asian listed companies. This is the second time for CHINT to list in Fab 50.
In 2017, CHINT achieved operating income of 23.417 billion RMB (3.4 billion USD), a yearon-year increase of 16.13%; net profit attributable to shareholders of listed companies was 2.840 billion RMB (0.41 billion USD), a year-on-year increase of 29.98%. In the 2018 semiannual report released in August this year, CHINT’s performance is also eye-catching. It shows that in the first half of 2018, CHINT achieved operating income of 11.902 billion RMB (1.75 billion USD), a year-on-year increase of 20.16%; realized net profit attributable to shareholders of listed companies of 1.783 billion RMB (0.26 billion USD) , a year-on-year increase of 41.87%.
The Fab 50 list was launched in a single year, comparing the outstanding large listed companies in Japan, Australia, India and other markets.The Fab 50 list was launched in a single year, comparing the outstanding large listed companies in Japan, Australia, India and other markets.
Listed companies need at least $2 billion in revenue and at least a year to go public; companies that are losing money or earning less than five years ago are eliminated; companies with long-term debt more than half their total capital, or with state-owned holding more than 50% are eliminated;companies with listed parent companies holding more than 50% are eliminated.Forbes'goal is to rank blue-chip companies with outstanding performance, which are representatives of the region's elite companies.
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