Recently, the high-profile list of China's fortune 500 in 2020 has been announced. Far East Horizon has been on the list for the fifth consecutive year, ranking 345.

The list, compiled by fortune (Chinese version) in cooperation with the wealth management department of CICC, takes into account of the performance and achievements of the largest Chinese Listed Companies in the world in the past year, and is one of the most authoritative lists to measure the competitiveness of companies.

This year, the total operating revenue of the 500 listed Chinese companies reached 50.5 trillion yuan, increase 11% year-on-year, and the net profit reached 4.2 trillion yuan, increase 16% year-on-year. In 2019, China's GDP will exceed 99 trillion yuan, which means that the total income of the 500 listed companies on the list exceeds half of China's total economic output last year.

Strong development potential and bright performance in Far East Horizon

In the list of China’s Fortune 500 in 2020, Far East Horizon continues to maintain a steady and strong development potential. In terms of net profit or operating income, Far East Horizon is highly competitive.

In the list, Far East Horizon ranks 152nd in China's top 500 enterprises with a net profit of 4.3 billion yuan to its parent company, and 345th in its operating revenue of 26.8 billion yuan.

In addition, in this list, Far East Horizon maintains many "first". Among all kinds of innovative financial enterprises, the profit and income of Far East Horizon ranked first; among the enterprises mainly engaged in financial leasing, the profit and income of Far East Horizon ranked first.

It is worth mentioning that this is the fifth year in a row that Far East Horizon has been listed on the Fortune 500 list since the first time in 2016. Five years ago, Far East Horizon ranked 424th. In the past five years, Far East Horizon has been developing steadily and its ranking trend in the list has been steadily moving forward.

Since Far East Horizon was selected into the Fortune 500, its operating revenue and profits have increased steadily.

Picture source:《Fortune》

Step by step, forge ahead

Strive forever for dreams

According to the data of the annual report, in 2019, Far East Horizon achieved an income of 26.86 billion yuan, a year-on-year increase of 5.8%; the net profit attributable to its parent company was 4.34 billion yuan, with a year-on-year growth of 10.4%; the annual performance was steady.

From 19 years ago, an enterprise with only 11 employees and a loss of more than 38 million yuan , till now the enterprise has been ranked in China's top 500, Far East Horizon has always been on the road of steady and safe development and constantly forge ahead.

The year 2020 is full of twists and turns. China's enterprises are facing unprecedented challenges due to the complex and changeable environment and the sudden epidemic situation. The same is true for Far East Horizon.

However, with a high degree of strategic determination, as well as the unremitting efforts of people in Far East Horizon with dreams and continuous strive, in the first half of 2020, Far East Horizon not only survived the impact of the epidemic, but also maintained stable business performance.

In May this year, in the list of 2000 global enterprises published by Forbes magazine, Far East Horizon has been on the list for four consecutive years, ranking 1431. There are 367 Chinese enterprises in the list. Over the years, Far East Horizon has always had a place in the major authoritative lists, which also indicates that Far East Horizon's presence in China's economic coordinates is increasingly obvious.

As Mr. Kong Fanxing, Vice Chairman of the Board of Directors, Executive Director and Chief Executive of Far East Horizon, said that, at this moment, the business foundation of Far East Horizon is still stable, the resource guarantee is still effective, the underlying assets are still safe, the operation potential is still strong, the profitability is still sustainable, and Far East Horizon still has the ability and power to look forward to the future.

The past honor is only the prelude to the future. With the continuous efforts of the company on financial innovation and continuous assistance to the real industry, Far East Horizon will play a greater role in the future of China and even the global economic development process.

Facing the future, Far East Horizon will continue to create value for all parties continuously, effectively and continuously with the vision of "building excellent enterprises with great efforts". Adhere to the innovative development mode of "Finance + industry", realize the organic coordination of financial business and industrial operation business, and make more contributions to China's industrial progress and upgrading.