Great News | GMC Ranked 360th among Fortune Global 500
2022-08-09 loading...

On August 3, Beijing time, the Fortune Global 500 list for 2022 was announced. With a revenue of 249.1 billion yuan (about 38.624 billion U.S. dollars), Guangzhou Municipal Construction Group Co., Ltd. (GMC) was ranked 360th, up 100 places from the previous year. This means that the company has taken a solid step towards the goal of becoming a world-class urban construction operator with global competitiveness.


GMC is a large state-owned enterprise directly supervised by Guangzhou State-owned Assets Supervision and Administration Commission. It is also the first enterprise group in southern China to hold the special-grade qualification for general contracting of housing construction projects, the Grade A design qualification for construction industry, the special-grade qualification for general contracting of municipal public engineering projects, and the Grade A design qualification for municipal engineering industry at the same time. As the main force of Guangzhou's urban construction, GMC has successively undertaken a number of major infrastructure, livelihood and landmark projects such as CITIC Plaza, Guangzhou Higher Education Mega Center, Baiyun International Convention Center, Pazhou Convention and Exhibition Center, Canton Tower, Guangzhou International Financial Center (Guangzhou West Tower), Guangzhou Opera House, Municipal Traffic Project in the Core Area of Zhujiang New Town, Haixinsha Square, Guangzhou International Financial City, Hong Kong University of Science and Technology (Guangzhou). It has won 40 Luban Prizes, 32 Tien-yow Jeme Civil Engineering Prizes, 47 China Municipal Golden Cup Demonstration Project Awards, 57 National Quality Engineering Awards and 43 National Excellent Landscape Engineering/Design Awards.


With the concern and support from all walks of life, the company with 72 years of history has created one miracle after another in the industry in a high-speed development model, and made remarkable achievements in all aspects in recent years. At the beginning of the 13th Five-Year Plan period, its revenue was 41.2 billion yuan. In 2018, the figure was 94.4 billion yuan. In 2019, the company secured a revenue of 134.9 billion yuan. In 2020, GMC, with a revenue of 184.1 billion yuan, occupied the 460th place among Fortune Global 500. In 2021, the company, with a revenue of 249.1 billion yuan, was ranked 360th in the 2022 list. The company has reached new highs in performance, continuously improved its development quality, significantly enhanced its strength in the industry, and expanded its brand influence, demonstrating strong global competitiveness.

The year 2022 marks the convening of the 20th National Congress of the Communist Party of China, and is a key year for the implementation of the 14th Five-Year Plan. It is also the starting year for GMC to achieve higher-quality development based on the new position among Fortune Global 500 and build itself into a world-class urban construction operator. Looking into the future, GMC will closely focus on its goals and tasks, be firm in the general principle of pursuing progress while ensuring stability, and fully carry out the responsibilities and missions entrusted by the new development stage, the new development concept and the new development pattern. The company will take promoting high-quality development as the center, deepening reform as the main line, and innovation as the fundamental driving force. We will stimulate vitality through reform and innovation, make solid progress in overcoming difficulties, and seek breakthroughs in pursuing progress while ensuring stability, in a bid to achieve win-win results in enterprise value and social value. In addition, we will seize the major historical opportunity of the introduction and implementation of the Nansha Plan, inject new momentum into the high-quality development of the construction industry in Guangdong-Hong Kong-Macao Greater Bay Area, strive to write a new chapter in the high-quality development of GMC, and set the stage for the 20th CPC National Congress with outstanding achievements.

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