Titled Qomolangma Conch, the novel was 10 years in the making for author Huang Nubo.

Pan Kaixiong, former vice-president of People's Literature Publishing House, said, "The core spiritual focus in Qomolangma Conch has many things in common with entrepreneurship.

The State-owned enterprise has also developed intelligent unmanned mining trucks for its customers in the energy, steel and cement sectors, including subsidiaries of State Power Investment Corp Ltd, China Huaneng Group Co Ltd, China National Coal Group Corp and Anhui Conch Cement Co Ltd.

Compared to last year's list, a total of 25 new companies managed to list - or relist - their names among the 500 this year, with Chinese firms accounting for 13, including China Development Bank, CRRC Co Ltd, Tsingshan Holding Group, Jinchuan Group Co Ltd, Gree Electric Appliances Inc, Anhui Conch Group Co Ltd, Huaxia Life Insurance Co Ltd and Xiaomi Corp. Chinese leading smartphone maker Xiaomi was set up merely nine years ago, but already has been listed on the Global 500 for the first time this year at 468, making it the youngest firm among the 500.

Yang Jun, chairman of Conch Group Co Ltd, a leader in China's cement industry, said on Friday that the company will actively develop trade with more RCEP member countries and build a high-quality and efficient RCEP trade supply chain.

Wang Cheng, chairman of Anhui Conch Group, a Chinese cement and building materials manufacturer, said at a recent forum organized by the Beijing-based RCEP Industry Cooperation Committee that Anhui Conch plans to invest around 200 billion yuan ($29.82 billion) in the RCEP region within five years, including doubling its investments in RCEP countries outside China to 30 billion yuan.

In addition to the eight enterprises included among the Top 500 enterprises in China, he said, Conch Group ranked 315th on the Fortune Global 500 List of 2021 while Tongling Nonferrous Metals Group has made the list for three consecutive years.

Fujian Cement slumped 6.45 percent, while Anhui Conch Cement dropped 3.65 percent.

Anhui Conch Cement Co, a large cement maker, was down by 4.18 percent.

Anhui province-based industry leader Conch Cement expects a net profit growth rate of 70 percent to 90 percent.