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In the evening of July 20th, the 2016 Fortune Global 500 ranking list was officially published. The China Metallurgical Group Corporation ranked 290th with an operation revenue of 35,314,300,000 dollars, up by 36 positions compared with 2015.

Facing the economic new normal of rapid change, structural optimization and power conversion, MCC clearly put forward the development strategies of building the upgraded 'Four Beams and Eight Columns' business system, recreating the new advantages of building a 'Beautiful MCC' and striving to be the largest, strongest and best 'national team' in metallurgical construction and operation services, while accelerating the promotion of transformation and upgrading, and continuously deepening reform and development. MCC has been rated as a Class A enterprise in the 2015 operating performance assessment of central enterprise principals, and has been honored with the title 'Excellent Enterprise in Scientific and Technological Innovation' during the term of office from 2013 to 2015; it also obtained the titles of Fortune's Top 10 'Companies with the Best Return on Investment' and Chinese Securities Golden Bauhinia's 'Listed Companies with the Best Corporate Governance'. MCC proposes the new strategic positioning of being China's 'national team of metallurgical construction, main force of capital construction and pacesetter of emerging industries', constantly carries forward the simple yet profound spirit of 'Never delaying and never slacking', and shoulders the national responsibility of protecting China's metal mineral resource security and guiding China's metallurgy to a higher level.

The total operation revenue of the Fortune Global 500 this year is 27.6 trillion dollars, and the overall net margin is 1.48 trillion dollars, which has respectively decreased by 11.5% and 11.3% on a year-on-year basis. The list includes 110 Chinese enterprises, showing an increase of 4 compared with last year. This number hits a historic new peak in the records, ranking second only to the USA.

Metallurgical Corporation of China Ltd. published this content on 21 July 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 27 July 2016 02:54:06 UTC.

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