Annual profit of China Tobacco Corporation 1 trillion. Why not the world's top 500?

China Tobacco didn't make the list of the top 500 in the world because of the tobacco monopoly system in China, that is, the integration of government and enterprises. Foreigners don't think this is a modern enterprise. They think this is a monopoly enterprise, so they don't list China Tobacco in the top 500 in the world.

China Tobacco Company also owns China Tobacco Materials Company, China Cigarette Sales Company, China Tobacco Machinery Company and China Tobacco Import and Export Company.

In recent years, China Tobacco Company has also developed internationally, hoping to spread China's tobacco brand to all parts of the world. No enterprise can really compete with China's cigarettes year after year.

In the cigarette industry, China tobacco basically covers all of it, ranking first in terms of tobacco planting area, tobacco yield, tobacco growth rate, cigarette production and sales volume and cigarette growth rate.

Extended data

China Tobacco Company plans to go public in Hong Kong? Gross profit margin is less than 8%

On the evening of 20 18 12 3 1, China tobacco international (hong kong) submitted an application for listing in hong kong to the hong kong stock exchange, which was the last IPO application disclosed by the hong kong stock exchange in 20 18.

It is understood that China Tobacco Corporation and China State Tobacco Monopoly Bureau are co-located, which is a state-owned enterprise with huge profits. According to relevant media reports, its total profit and tax in 2065438+950 million yuan in 2007.

References:

Phoenix, the most profitable enterprise in China, surpasses Tencent and Baidu, but is not among the top 500 companies in the world.

References:

People's Daily Online-China Tobacco Company plans to go public in Hong Kong with a gross profit margin of less than 8%.