On August 2, Beijing time, the 2023 Fortune Global 500 was announced, and multiple companies from Guangzhou were selected. Guangzhou Construction Group Co., Ltd. (referred to as "Guangzhou Construction") has been selected as a Fortune 500 enterprise for three consecutive years with a revenue of RMB 264.078 billion, ranking 380th on the list. Guangzhou Construction, with a 73 year history, is a large state-owned enterprise under the direct supervision of the State owned Assets Supervision and Administration Commission of Guangzhou. It is the first enterprise group in South China to hold both the special grade general contracting qualification for housing construction projects and the Class A design qualification for the construction industry, the special grade general contracting qualification for municipal public works construction and the Class A design qualification for the municipal industry. As the main force of urban construction in Guangzhou, Guangzhou Architecture has successively undertaken a number of landmark projects such as the Guangzhou Tower, Guangzhou Higher Education Mega Center, Baiyun International Conference Center, and won 41 Luban Awards, 32 Zhan Tianyou Awards for Chinese Civil Engineering, 47 Golden Cup Demonstration Project Awards for Chinese Municipal Engineering, 61 National Quality Engineering Awards, and 61 Science and Technology Awards of the Chinese Society of Landscape Architecture. GAC Group has been on the list for 11 consecutive years, the latest ranking is 165, creating the best performance in history, and the ranking is 21 places higher than that in 2022. Previously, GAC Group ranked 50th in the 2023 Fortune China 500 list released by FORTUNE. The ranking of Fortune Global 500 in 2023 is based on the revenue of enterprises in 2022, while the revenue of GAC Group last year showed a double-digit growth. In 2022, facing the challenge of a series of uncertain factors such as the COVID-19 still raging, GAC Group effectively overcame multiple difficulties such as the shortage of core parts, logistics and terminal sales obstacles, and soaring raw material prices, and achieved significant growth in business performance against the trend. The annual production and sales of automobiles were 2.4799 million and 2.4338 million respectively, with a year-on-year increase of 15.99% and 13.50%. Based on the summary, the total operating revenue was approximately 514.605 billion yuan, a year-on-year increase of approximately 19.74%. Guangzhou Industrial Investment Holding Group Co., Ltd. (hereinafter referred to as "Guangzhou Industrial Control") is a newly selected state-owned enterprise in Guangzhou. Guangzhou Industrial Control successfully made its debut on the list with a revenue of 36588.5 billion US dollars, ranking 414th. In the ranking of sub categories on the list, Guangzhou Industrial Control ranks fourth among the "industrial machinery" type enterprises. It is reported that Guangzhou Industrial Control was established in 2019 and is an industrial operation and investment group focused on advanced manufacturing. With a "record" of double growth in revenue and profit every year, it ranked among the Fortune 500 in less than four years. Behind the strength of this "young" enterprise is to seize the development opportunities of China's super large market under the mutual promotion of domestic and international dual circulation, and strive to deepen the foresight of participating in the global industrial chain division of labor. (New News Agency)