COFCO Corporation has been ranked 112th on the “Global 500” list for 2021 released by Fortune magazine on August 2, Beijing time, securing the highest spot since it made it to the list 27 years ago.
Faced with ever-changing domestic and international business situations complicated by the spread of COVID-19, drastic fluctuations in global agri-grain market, and the risk of supply chain clog in 2020, COFCO Corporation registered growth against market trend in terms of its overall performance, with annual operating revenue exceeding 530 billion Yuan and total profits of over 20 billion Yuan. Among them, the profits of core agri-business exceeded 10 billion Yuan for the first time, which sets a historic record that is higher than budget on a year-on-year basis.
