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Country Garden surged 130 places to 143rd in the Forbes Global 2000


11 June, CHINA – Country Garden was recently ranked 143rd in the 2018 Annual “Forbes Global 2000: The World’s Largest Public companies” and this was announced on the Forbes’ website in the US, surging 130 places from last year. The List, together with Fortune Global 500, is ranked as the world’s top two corporate ranking authorities. Based on the company’s four metrics of revenue, profits, assets and market value, the List ranks the largest and most powerful public companies by fixed weight. Country Garden landed the top 200 spots with US$33.8 billion in revenue, US$3.9 billion in profits, US$161.2 billion in assets, and US$45.2 billion in market value.

Last year, Country Garden achieved contracted sales of RMB 550.8 billion, ranking first in the industry. Country Garden’s high-quality growth has been recognized by many parties and its brand value has been continuously improved. It has risen to 273rd in the 2017 Forbes List, and has been listed in Fortune Global 500, and HSI constituent stocks (blue-chip stocks) in Hong Kong, successively. In addition, Fitch, one of the world’s three most authoritative credit rating agencies, has upgraded its rating to investment grade.

In the first four months of this year, Country Garden achieved contracted sales of RMB 257.52 billion and continued to lead the industry. The capital market responded positively to the Country Garden’s outsize performance. The highest closing price in the past month was HK$17.34, and the market value was the highest at nearly HK$377 billion, a 302% increase from the beginning of last year, which substantially outperformed the broader market’s gain of 42%.

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