July 20, the Fortune 500 List of 2016 was released, where the Industrial Bank (IB) was listed in the 195th position with the operation revenue of USD 46.4464 billion, up by 76 positions compared with the last year, representing the fastest growing bank in the list. Meanwhile, with the profit of USD 7.9891 billion, IB was listed in the “50 Most Profitable Companies in Fortune 500”.
In the context of weak global economic growth and unfavorable operation of enterprises, the number of Chinese enterprises on the list and their ranks have grown steadily with 110 enterprises on the list this year, making a record high second to the US. IB, as one of the 10 Chinese banks on the list, was ranked the second place among all shareholding banks.
In recent years, the Chinese economy has been in the adjustment stage when the old and new driving forces are connected and the economic structure is upgraded. Under the new economic normal, IB has increased its comprehensive strength by rooting itself in the physical economy, insisting on the featured and differentiated operation strategy, completely facilitating the transformation towards “light capital and high efficiency”, focusing on seven sectors such as institutional finance, green finance, pension finance, supply side finance, comprehensive finance, cross-border finance and inclusive finance and making efforts to creating characteristic advantageous business, with an aim to make itself a first-class bank group with the best innovation capability and service excellence in comprehensive finance. By the end of 2015, the asset scale of IB has reached RMB 5.3 trillion, up by 62.99% compared with 2012; the operation revenue of RMB 154.348 billion, up by 76.16% compared with 2012; the net profit of RMB 50.207 billion, up by 44.61% compared with 2012.
Meanwhile, as the most market-oriented and innovation-based commercial bank, IB has actively seized market opportunities in improving its market sensitivity and exploration, so as to continuously build up professional capabilities that serve the new economy and new industries, progressively open up new business and profit sources and increase its profitability step by step. From 2012 to 2015, the average annual ROA of IB was 1.16% and the average annual ROE was 22.29%, which led the entire industry; the cost-income ratio decreased from 26.71% to 21.59%, ranking the second among world's top 50 banks and was thus listed in the “50 Most Profitable Companies in Fortune 500”.
Furthermore, in the Fortune China 500 list in 2016 (Chinese version), IB is ranked 37, moving up by 3 positions and has been included in the lists of “Fortune China 500 Companies with Highest Profit” and “40 Most Profitable Companies of Fortune China 500” for seven consecutive years.
Fortune 500, as the most famous and authoritative “ultimate list” to measure global large companies, is released annually by the Fortune magazine. This year, the total operation income of all 500 listed companies is USD 27.6 trillion and the total net profit is USD 1.48 trillion, witnessing a decrease of about 11% compared with last year.