This article lists the largest companies in China in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes. In 2022, Fortune's Global 500 list of the world's largest corporations included 145 Chinese companies in total.[1] Over the same year, Forbes reported that three of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China.[2] Many of China's largest companies are state-owned enterprises, due to the significant presence of the Chinese government in the national economy.[3]
2025 Fortune Global 500 List
This list details the twenty five largest Chinese companies according to the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for their respective fiscal year ending on or before 31 March 2024. Also listed for each company are the location of its headquarters, their primary industry and their number of employees, in addition to ownership characteristics.
| Rank | Fortune 500 rank |
Name |
Headquarters |
Revenue (US$ million) |
Profit (US$ million) |
Employees |
Industry |
Ownership |
|---|---|---|---|---|---|---|---|---|
| 1 | 3 | State Grid Corporation | Beijing | 548,414 | 10,045 | 1,354,310 | Utilities | State-owned enterprise |
| 2 | 5 | China National Petroleum | Beijing | 412,645 | 22,424 | 985,155 | Oil and gas | State-owned enterprise |
| 3 | 6 | Sinopec | Beijing | 407,490 | 8,036 | 495,096 | Oil and gas | State-owned enterprise |
| 4 | 16 | China State Construction Engineering | Beijing | 304,121 | 3,667 | 361,249 | Construction and real estate | State-owned enterprise |
| 5 | 26 | ICBC | Beijing | 221,461 | 50,948 | 415,159 | Commercial banking | State-owned enterprise |
| 6 | 30 | Agricultural Bank of China | Beijing | 197,466 | 39,205 | 454,716 | Commercial banking | State-owned enterprise |
| 7 | 31 | China Construction Bank | Beijing | 196,738 | 46,693 | 376,847 | Commercial banking | State-owned enterprise |
| 8 | 38 | Bank of China | Beijing | 176,142 | 33,056 | 312,757 | Commercial banking | State-owned enterprise |
| 9 | 43 | China Railway Engineering | Beijing | 161,337 | 1,811 | 313,067 | Railway construction | State-owned enterprise |
| 10 | 44 | JD.com | Beijing | 161,055 | 5,748 | 570,895 | E-commerce | Public company |
| 11 | 45 | China Life Insurance | Beijing | 160,277 | 1,329 | 179,415 | Insurance | State-owned enterprise |
| 12 | 47 | Ping An Insurance | Shenzhen | 158,627 | 17,596 | 273,053 | Insurance | Public company |
| 13 | 51 | China Railway Construction | Beijing | 148,467 | 1,265 | 325,108 | Railway construction | State-owned enterprise |
| 14 | 58 | China Mobile | Beijing/Hong Kong | 145,240 | 14,699 | 456,965 | Telecommunications | State-owned enterprise |
| 15 | 61 | China Communications Construction | Beijing | 139,229 | 937 | 204,994 | Construction and real estate | State-owned enterprise |
| 16 | 62 | CITIC Group | Beijing | 138,941 | 3,953 | 214,660 | Conglomerate | State-owned enterprise |
| 17 | 63 | Alibaba Group | Hangzhou | 138,065 | 18,029 | 124,320 | E-commerce | Public company |
| 18 | 65 | China National Offshore Oil | Beijing | 130,832 | 14,773 | 85,957 | Oil and gas | State-owned enterprise |
| 19 | 67 | China Resources National | Hong Kong | 129,624 | 3,638 | 396,087 | Conglomerate | State-owned enterprise |
| 20 | 73 | China Baowu Steel Group | Shanghai | 125,113 | 2,497 | 237,100 | Iron and steel | State-owned enterprise |
| 21 | 81 | Hengli Group | Suzhou | 121,126 | 816 | 211,360 | Textiles | Privately held company |
| 22 | 82 | Shandong Energy Group | Jinan | 120,426 | 105 | 143,217 | Energy | State-owned enterprise |
| 23 | 83 | Huawei | Shenzhen | 119,813 | 8,685 | 208,000 | Technology | Privately held company |
| 24 | 84 | China Southern Power Grid | Guangzhou | 118,607 | 2,501 | 269,097 | Utilities | State-owned enterprise |
| 25 | 86 | China Minmetals | Beijing | 115,806 | 924 | 170,430 | Mining | State-owned enterprise |
| 26 | 91 | BYD | Shenzhen | 108,004 | 5,595 | 968,872 | Conglomerate | Public company |
| 27 | 92 | China Energy Investment | Beijing | 107,690 | 6,902 | 305,247 | Energy | State-owned enterprise |
| 28 | 98 | Xiamen C & D | Xiamen | 100,600 | 375 | 59,074 | Construction and real estate | State-owned enterprise |
| 29 | 100 | Power China | Beijing | 99,830 | 607 | 182,299 | Utilities | State-owned enterprise |
| 30 | 107 | China Post Group | Beijing | 97,544 | 5,222 | 732,227 | Logistics | State-owned enterprise |
| 31 | 116 | Tencent | Shenzhen | 91,764 | 26,973 | 110,588 | Technology | Public company |
| 32 | 118 | Zhejiang Rongsheng Group | Hangzhou | 91,534 | 25 | 23,653 | Energy | Privately held company |
| 33 | 119 | Sinopharm Group | Shanghai | 91,486 | 644 | 193,615 | Pharmaceuticals | State-owned enterprise |
| 34 | 133 | COFCO Limited | Beijing | 88,260 | 143 | 106,365 | Conglomerate | State-owned enterprise |
| 35 | 134 | China Telecom | Beijing | 87,997 | 2,553 | 376,371 | Telecommunications | State-owned enterprise |
| 36 | 138 | SAIC Motor | Shanghai | 87,224 | 232 | 134,323 | Automotive | State-owned enterprise |
| 37 | 141 | People’s Insurance China | Beijing | 86,323 | 5,858 | 175,121 | Insurance | State-owned enterprise |
| 38 | 149 | Wuchan Zhongda Group | Hangzhou | 83,322 | 428 | 26,233 | Conglomerate | State-owned enterprise |
| 39 | 155 | Geely | Hangzhou | 79,891 | 835 | 142,465 | Automotive | Privately held company |
| 40 | 161 | Shandong Holding Group | Weifang | 78,612 | 401 | 59,553 | Energy | State-owned enterprise |
| 41 | 164 | China FAW Group | Changchun | 77,737 | 836 | 121,737 | Automotive | State-owned enterprise |
| 42 | 165 | Jiangxi Copper | Guixi | 77,668 | 364 | 32,863 | Mining | State-owned enterprise |
| 43 | 166 | Shandong Weiqiao Pioneering Group | Binzhou | 77,626 | 2,014 | 103,046 | Textiles | Privately held company |
| 44 | 168 | Bank of Communications | Shanghai | 75,834 | 13,007 | 95,746 | Commercial banking | State-owned enterprise |
| 45 | 170 | Pacific Construction Group | Nanjing | 75,683 | 4,898 | 265,245 | Construction and real estate | Privately held company |
| 46 | 178 | Shaanxi Coal and Chemical Industry | Xi’an | 73,684 | 1,359 | 140,860 | Mining | State-owned enterprise |
| 47 | 193 | China Merchants Bank | Shenzhen | 70,385 | 20,624 | 117,201 | Commercial banking | Public company |
| 48 | 196 | Lenovo | Hong Kong | 69,077 | 1,385 | 72,000 | Technology | Public company |
| 49 | 199 | China Poly Group | Beijing | 67,617 | 553 | 95,918 | Defense | State-owned enterprise |
| 50 | 201 | Beijing Automotive Group | Beijing | 67,200 | 88 | 97,000 | Automotive | State-owned enterprise |
2025 Forbes Global 2000 List
This list details the twenty five largest Chinese companies according to the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, assigning an equal weighting to revenue, profit, assets and market value. The figures are given in billions of US dollars and are for the trailing twelve months up to 22 April 2025. Also listed for each company are the location of its headquarters and their primary industry.[4]
| Rank | Forbes 2000 | Name | Headquarters | Revenue (billions US$) | Profit (billions US$) | Assets (billions US$) | Market Value (billions US$) | Industry |
|---|---|---|---|---|---|---|---|---|
| 1. | 3. | ICBC | Beijing | 222.0 | 50.8 | 6,688.6 | 251.3 | Banks |
| 2. | 7. | China Construction Bank | Beijing | 196.7 | 46.6 | 5,558.3 | 219.8 | Banks |
| 3. | 8. | Agricultural Bank of China | Beijing | 198.0 | 39.2 | 5,923.6 | 212.5 | Banks |
| 4. | 12. | Bank of China | Beijing | 177.1 | 32.3 | 4,855.8 | 164.7 | Banks |
| 5. | 27. | Ping An Insurance Group | Shenzhen | 158.0 | 17.6 | 1,775.2 | 107.3 | Insurance |
| 6. | 28. | PetroChina | Beijing | 383.6 | 22.9 | 377.1 | 136.4 | Oil and gas |
| 7. | 33. | Alibaba Group | Hangzhou | 136.4 | 16.7 | 254.1 | 285.5 | E-commerce |
| 8. | 37. | Tencent Holdings | Shenzhen | 91.7 | 27.0 | 244.0 | 562.3 | Technology |
| 9. | 39. | China Merchants Bank | Shenzhen | 70.4 | 20.6 | 1,664.8 | 143.9 | Banks |
| 10. | 51. | Sinopec | Beijing | 390.1 | 7.0 | 299.0 | 94.6 | Oil and gas |
| 11. | 57. | Bank of Communications | Shanghai | 75.8 | 12.2 | 2,041.4 | 64.4 | Banks |
| 12. | 59. | Postal Savings Bank of China | Beijing | 81.3 | 12.0 | 2,340.6 | 61.0 | Banks |
| 13. | 75. | Industrial Bank | Fuzhou | 56.6 | 10.7 | 1,440.5 | 59.7 | Banks |
| 14. | 87. | BYD | Shenzhen | 111.8 | 6.2 | 115.9 | 155.4 | Automobiles |
| 15. | 89. | China Life Insurance | Beijing | 55.4 | 14.9 | 947.7 | 51.0 | Insurance |
| 16. | 111. | China CITIC Bank | Beijing | 53.2 | 9.5 | 1,306.0 | 43.6 | Banks |
| 17. | 120. | Contemporary Amperex Technology | Ningde | 50.6 | 7.5 | 113.1 | 142.5 | Automotive suppliers |
| 18. | 136. | China State Construction Engineering | Beijing | 302.6 | 6.4 | 437.6 | 30.9 | Construction |
| 19. | 141. | Shanghai Pudong Development Bank | Shanghai | 48.6 | 6.3 | 1,296.3 | 42.7 | Banks |
| 20. | 162. | China Telecom | Beijing | 72.4 | 4.6 | 118.4 | 63.9 | Telecommunications |
| 21. | 169. | China Shenhua Energy | Beijing | 44.4 | 8.0 | 93.2 | 78.9 | Raw materials |
| 22. | 171. | JD.com | Beijing | 161.0 | 5.7 | 95.7 | 46.9 | Retail |
| 23. | 184. | Midea Group | Foshan | 56.6 | 5.4 | 82.8 | 71.6 | Consumer durables |
| 24. | 200. | China Pacific Insurance | Shanghai | 52.4 | 5.9 | 402.3 | 26.7 | Insurance |
| 25. | 202. | PICC | Beijing | 81.2 | 5.9 | 242.0 | 26.1 | Insurance |
| 26. | 218. | China Everbright Bank | Beijing | 37.4 | 5.8 | 996.9 | 24.8 | Banks |
| 27. | 229. | Xiaomi | Beijing | 50.8 | 3.3 | 55.2 | 154.4 | Technology |
| 28. | 247. | Meituan | Beijing | 46.9 | 5.0 | 44.4 | 99.9 | Technology |
| 29. | 251. | Zijin Mining Group | Longyan | 41.8 | 5.0 | 56.8 | 58.6 | Raw materials |
| 30. | 252. | China Minsheng Bank | Beijing | 40.5 | 3.9 | 1,070.7 | 20.2 | Banks |
| 31. | 274. | Kweichow Moutai | Renhuai | 20.5 | 12.0 | 41.0 | 267.3 | Beverages |
| 32. | 283. | Bank of Jiangsu | Nanjing | 21.1 | 4.4 | 541.4 | 24.9 | Banks |
| 33. | 320. | Huaxia Bank | Beijing | 24.8 | 3.9 | 599.6 | 17.4 | Banks |
| 34. | 324. | Cosco Shipping | Shanghai | 32.5 | 6.8 | 68.2 | 23.3 | Logistics |
| 35. | 327. | Citic Securities | Shenzhen | 15.9 | 3.0 | 234.4 | 36.9 | Financial services |
| 36. | 335. | SAIC Motor | Shanghai | 89.8 | 1.3 | 136.2 | 24.7 | Automobiles |
| 37. | 344. | Bank of Ningbo | Ningbo | 16.9 | 3.8 | 430.2 | 22.4 | Banks |
| 38. | 345. | China Railway Group | Beijing | 161.2 | 3.7 | 309.1 | 10.8 | Construction |
| 39. | 346. | Gree Electric Appliances | Zhuhai | 26.2 | 4.5 | 52.8 | 34.0 | Air conditioning |
| 40. | 354. | Bank of Beijing | Beijing | 19.6 | 3.6 | 579.0 | 18.0 | Banks |
| 41. | 356. | China Yangtze Power | Beijing | 11.5 | 4.5 | 77.6 | 99.2 | Utilities |
| 42. | 371. | China Communications Construction | Beijing | 106.8 | 3.1 | 254.6 | 10.4 | Construction |
| 43. | 378. | Bank of Shanghai | Shanghai | 15.1 | 3.3 | 451.0 | 20.4 | Banks |
| 44. | 403. | Baidu | Beijing | 18.5 | 3.2 | 58.6 | 31.2 | Technology |
| 45. | 416. | Haier | Qingdao | 39.6 | 2.6 | 39.8 | 26.6 | Consumer goods |
| 46. | 424. | China Railway Construction | Beijing | 147.8 | 3.1 | 255.4 | 8.7 | Construction |
| 47. | 435. | Power Construction Corporation of China | Beijing | 84.9 | 1.7 | 183.5 | 11.4 | Construction |
| 48. | 457. | Luxshare Precision Industry | Dongguan | 38.5 | 1.9 | 32.8 | 31.5 | Technology |
| 49. | 463. | CRRC | Beijing | 34.0 | 1.7 | 70.6 | 17.4 | Railway equipment |
| 50. | 464. | Bank of Nanjing | Nanjing | 13.8 | 2.9 | 381.3 | 15.8 | Banks |
| 51. | 465. | China Tower Corp. | Beijing | 13.6 | 1.5 | 45.6 | 191.6 | Telecommunications |
| 52. | 491. | Shaanxi Coal Industry | Xi’an | 24.1 | 3.1 | 32.7 | 26.6 | Raw materials |
| 53. | 501. | NetEase | Hangzhou | 14.6 | 4.1 | 26.9 | 67.5 | Technology |
| 54. | 513. | Poly Developments & Holdings Group | Guangzhou | 45.7 | 0.9 | 195.8 | 14.3 | Construction |
| 55. | 519. | Wanhua Chemical Group | Yantai | 24.6 | 1.7 | 43.8 | 24.2 | Chemicals |
| 56. | 527. | Muyuan Foodstuff | Nanyang | 20.4 | 3.4 | 27.3 | 29.9 | Food |
| 57. | 532. | SF Holding | Shenzhen | 39.4 | 1.4 | 29.3 | 29.7 | Logistics |
| 58. | 536. | Baoshan Iron & Steel | Shanghai | 43.4 | 1.1 | 50.7 | 19.6 | Raw materials |
| 59. | 549. | China Coal Energy | Beijing | 26.3 | 2.5 | 49.0 | 13.7 | Raw materials |
| 60. | 551. | Weichai Power | Weifang | 29.9 | 1.6 | 47.1 | 16.8 | Automotive suppliers |
| 61. | 553. | Wuliangye Yibin | Yibin | 10.8 | 4.5 | 27.3 | 68.8 | Beverages |
| 62. | 567. | China Zheshang Bank | Hangzhou | 18.4 | 2.1 | 456.1 | 9.2 | Banks |
| 63. | 580. | China Hongqiao Group | Zouping | 21.7 | 3.1 | 31.4 | 16.6 | Raw materials |
| 64. | 596. | China National Nuclear Power | Beijing | 10.4 | 1.4 | 86.8 | 26.4 | Utilities |
| 65. | 600. | Bank of Hangzhou | Hangzhou | 10.3 | 2.3 | 290.0 | 12.7 | Banks |
| 66. | 621. | BOE Technology Group | Beijing | 27.4 | 0.7 | 59.0 | 20.0 | Electronics |
| 67. | 630. | CMOC Group | Luoyang | 28.9 | 2.1 | 25.0 | 16.4 | Raw materials |
| 68. | 638. | GD Power Development | Beijing | 23.8 | 1.4 | 69.0 | 11.2 | Utilities |
| 69. | 646. | China Energy Engineering | Beijing | 60.4 | 1.2 | 119.1 | 5.4 | Construction |
| 70. | 663. | Kuaishou Technology | Beijing | 17.6 | 2.1 | 19.2 | 28.2 | Technology |
| 71. | 665. | Huaneng Power International | Beijing | 33.8 | 1.0 | 82.2 | 9.7 | Utilities |
| 72. | 671. | Hengli Petrochemical | Dalian | 31.7 | 1.0 | 38.4 | 15.0 | Chemicals |
| 73. | 673. | Metallurgical Corp of China | Beijing | 76.4 | 0.9 | 110.7 | 4.0 | Construction |
| 74. | 689. | China General Nuclear Power Group | Shenzhen | 12.0 | 1.4 | 59.6 | 16.0 | Utilities |
| 75. | 694. | Longfor Group | Beijing | 17.8 | 1.5 | 91.2 | 9.3 | Construction |
| 76. | 705. | Great Wall Motor | Baoding | 26.6 | 1.6 | 29.3 | 12.6 | Automobiles |
| 77. | 706. | Trip.com Group | Shanghai | 7.4 | 2.4 | 33.2 | 37.5 | Tourism |
| 78. | 710. | Inner Mongolia Yili | Hohhot | 16.3 | 1.7 | 21.5 | 25.4 | Food |
| 79. | 712. | New China Life Insurance | Beijing | 10.7 | 1.4 | 205.7 | 11.5 | Insurance |
| 80. | 720. | Yankuang Energy Group | Jining | 17.3 | 2.0 | 48.8 | 9.9 | Raw materials |
| 81. | 731. | Li Auto | Beijing | 20.1 | 1.1 | 22.2 | 23.8 | Automobiles |
| 82. | 748. | Chongqing Changan Auto | Chongqing | 21.2 | 1.0 | 27.6 | 16.8 | Automobiles |
| 83. | 749. | Sinopharm Group | Shanghai | 81.2 | 1.0 | 53.8 | 7.0 | Pharmaceuticals |
| 84. | 751. | Aluminum Corp of China | Beijing | 32.9 | 1.7 | 29.6 | 9.5 | Raw materials |
| 85. | 754. | China Merchants Shekou Industrial Zone Holdings | Shenzhen | 23.9 | 0.6 | 117.9 | 11.7 | Construction |
| 86. | 768. | Hikvision | Hangzhou | 12.8 | 1.7 | 17.3 | 35.6 | Technology |
| 87. | 776. | East Money | Shanghai | 2.2 | 1.4 | 45.7 | 44.9 | Technology |
| 88. | 779. | Huishang Bank | Hefei | 10.4 | 2.0 | 276.1 | 5.3 | Banks |
| 89. | 782. | Guotai Junan Securities | Shanghai | 6.8 | 1.7 | 143.5 | 12.6 | Financial services |
| 90. | 785. | Beijing-Shanghai High-Speed Railway | Beijing | 5.8 | 1.8 | 40.4 | 39.2 | Logistics |
| 91. | 795. | Shanghai Rural Commercial Bank | Shanghai | 6.8 | 1.7 | 212.4 | 11.4 | Banks |
| 92. | 795. | ZTE | Shenzhen | 17.0 | 1.1 | 30.1 | 13.7 | Technology |
| 93. | 819. | Anhui Conch Cement | Wuhu | 12.7 | 1.1 | 34.9 | 15.2 | Cement |
| 94. | 823. | China Reinsurance Group | Beijing | 15.7 | 1.5 | 69.6 | 4.8 | Insurance |
| 95. | 825. | Huatai Securities | Nanjing | 5.6 | 2.0 | 111.6 | 13.5 | Financial services |
| 96. | 830. | Daqin Railway | Datong | 10.4 | 1.3 | 29.9 | 18.6 | Logistics |
| 97. | 854. | Anta Sports Products | Jinjiang | 9.8 | 2.2 | 15.4 | 33.1 | Consumer goods |
| 98. | 858. | China Vanke | Shenzhen | 47.8 | -6.9 | 176.2 | 8.7 | Construction |
| 99. | 864. | Bank of Chengdu | Chengdu | 6.3 | 1.7 | 174.1 | 10.3 | Banks |
| 100. | 869. | Chongqing Rural Bank | Chongqing | 7.4 | 1.6 | 222.1 | 8.5 | Banks |
See also
References
- "Global 500". Fortune. 2025.
- "Global 2000". Forbes. 2022. Retrieved 3 August 2022.
- "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.
- "Forbes - The Global 2000 Companies - 2025". www.kaggle.com. Archived from the original on 6 April 2026. Retrieved 2 June 2026.
External links
- Jones, L. (2020), Beyond China Inc., Understanding Chinese companies (Transnational Institute)