June 1st, 2007, Beijing----China Shenhua ranks 423 in ‘The 2007 top 2000 Largest Public Companies’ published by the Forbes on March 29th, 2007. 44 companies from mainland China are listed, including 6 companies rank in the top100.
Forbes use sales, profits, assets and market value in a composite ranking and selection process is as follows:
First, it limited the universe to Global 2000 companies based in the U.S. or foreign firms that trade here, either as regular shares or as American Depositary Receipts. It required companies to have at least $1 billion in sales and a share price of at least $5. Then it compared all of the survivors against industry peers in long- and short-term return on equity, sales growth, profit growth, return to shareholders and other financial metrics and generated the industry-specific list. Second, it took into consideration long-term earnings growth forecasts from Thomson ibes, and it turned to Audit Integrity to help to cull companies with potential problems with accounting, earnings quality or corporate governance. Standard & Poor's NetAdvantage and the Value Line Investment Survey also provided useful insight in helping to eliminate companies. Finally, it dropped companies that had legal or other challenges that might impede future growth.