ShaanMei Group won the Fortune Global 500 list for the third year in a row  Ranked No.337

The night on July 20th, Chinese version of Fortune has released its latest the Fortune global 500 list synchronously, ShaanMei Group ranked No.337 with the sales revenue of $31.926 billion ($212.095 billion). Compared with last year, it has advanced 10 companies. Since 2015, ShaanMei Group has won this award 3 times in a row. 

The Fortune global 500 list has been the most famous and authoritative list of the world's largest companies, and is known as the "ultimate list", which is published annually by Fortune magazine. Last year, the company's overall turnover income, net profit and entry barriers all decreased about 11%. This year, there was a slight rebound in all three aspects.One of three aspects, the overall turnover income of 500 companies have risen slightly to $27.7 trillion, net profit is about 3 percent to $1.52 trillion. The barrier to entry have risen 3% to $21.6 billion. The number of Chinese companies has grown for the 14^th year on the list continuously, and has reached 115 companies in this year. There are three Chinese companies in the top 5 of the list, which are state grid, Sinopec and PetroChina.They are listed from the second and fourth place. Nine Chinese coal companies were shortlisted. 

Based on coal, attention on both energy and materials, compelling on both technology and finance, making a great transformation. In 2016, ShaanMei Group held the guideline of reform and development. Taking the transformation strategy as the guidance, considering the reform of the system as a breakthrough, and the reform will be focused on "three reductions, one degradation and one supplement", which will be put on the structural adjustment and transformation and upgrading. By optimizing the structure to reduce production capacity,and 18 mines have been shut down,  On the basis of reducing production capacity to 18.15 million tons,it has been approved new production capacity of 26.2 million tons and  high quality coal has accounted for 94% by adjusting internal production and regional collaboration. The financial situation has achieved good development and fundamentally optimized the energy structure. By  preventing risk, ShaanMei Group has signed a $84.5 billion cooperation framework agreement on  debt-for-equity swaps. Its shares has reached to about 50% with 27 billion yuan in China. In order to optimize the capital structure, ShaanMei Group has improved the financial status and enhanced the security of capital chain ability, it firstly adopted 110-N00 getter method in Shennan and Hancheng mining area.It has took a solid step on  achieving the development of green mining and relieving environmental protection constraints.

It is called "the third mining exploration of technological change" by some experts. In order to promoted the updating of China's coal chemical industry,

ShaanMei Group aims to the coal chemical industry, and it plans to develop the large coal comprehensive utilization and transformation projects in Yu Lin of Shaanxi province. As data is shown, Shaanxi Mei group has broken its record on the total sales income of 120.6 billion yuan in the first of 2017.Compared with previous years,the overall turnover has gone to 24 billion yuan,its profit increased 45.3 billion yuan and continued to show good growth. 

Yang Zhaoqian, president and party secretary of ShaanMei Group, said that it will focus on goals and tasks of reaching annual investment of 18 billion yuan in 2017, and speed up the construction progress.of coal mine, coal chemical industry and other key project. To achieve the cost and sales of 50 million tons of new coal capacity, ShaanMei Group will increase the total transportation capacity and guarantee capacity of coal railways. To further grasp the reform and strong management, strive to complete the tasks ahead of time, exceed the target tasks, and leading the industry growth of the whole province. (By Li Hua, Qian Kai)