Top 10 & Top 500 Chinese Enterprises in 2023
Top 10 & Top 500 Chinese Enterprises in 2023
Top 10 Chinese Enterprises in 2023
The “Top 500 Chinese Enterprises in 2023” selected by the China Enterprise Federation and the China Entrepreneur Association was announced on September 20. State Grid ranked first with a revenue of 3.57 trillion yuan, which is the third consecutive year that State Grid has won the championship. PetroChina ranked second with a revenue of 3.25 trillion yuan (about 450 billion US dollars), and Sinopec ranked third with a revenue of 3.17 trillion yuan (about 436 billion US dollars). China Construction, Industrial and Commercial Bank of China, China Construction Bank, Agricultural Bank of China, Ping An Insurance, Sinochem, and China Railway Group entered the top ten. The list shows that 16 companies have revenues exceeding one trillion yuan (about 138 billion US dollars).
Top 1: State Grid Corporation of China (SGCC)
Taking investment, construction and operation of power grids as its core business, State Grid Corporation of China (State Grid) is a state-owned enterprise founded on Dec. 29, 2002. As the world’s largest utility it is crucial to China’s energy security and economic lifeline. For more than two decades, State Grid has recorded the world’s longest hours of safe operation of its super large grid and integrated the largest amount of renewables with the strongest power transmission capacity.
Top 2: PetroChina – PetroChina Company Limited
PetroChina is one of the major oil and gas producers and distributors in China, as well as a significant player in the global oil and gas industry. We are engaged in a wide range of activities related to oil, gas and new energy, and sustainably provide energy and oil products for economic and social development…
Top 3: Sinopec – China Petrochemical Corporation
China Petrochemical Corporation (the Company) is the largest oil and petrochemical products supplier and the second largest oil and gas producer in China, the largest refining company and the second largest chemical company in the world. Its total number of gas stations ranks the second place in the world. It ranked the 5th on Fortune’s Global 500 List in 2022.
The main characteristics of the development of the top 500 Chinese enterprises in 2023 are:
- Steady growth in scale
The scale of the top 500 Chinese enterprises in 2023 continues to grow, with a total operating income of 108.36 trillion yuan, an increase of 5.74% over the top 500 in the previous year; the total assets are 399.77 trillion yuan, an increase of 27.24 trillion yuan, an increase of 7.31% over the top 500 in the previous year; the entry threshold has been raised for 21 consecutive years, and the entry threshold for the top 500 Chinese enterprises in 2023 is 46.998 billion yuan, an increase of 2.373 billion yuan over the previous year.
For the first time, the number of enterprises with a turnover of more than 100 billion yuan in the top 500 Chinese enterprises in 2023 exceeded 50%, and the number of enterprises with a turnover of more than 100 billion yuan in the top 500 Chinese enterprises in 2023 increased to 254, a net increase of 10. Among them, 16 enterprises have a turnover of more than 1 trillion yuan, the turnover of State Grid, PetroChina, and Sinopec exceeds 3 trillion yuan, and the turnover of China Construction exceeds 2 trillion yuan.
- Profitability declines
The top 500 Chinese enterprises in 2023 achieved a total net profit of 4293.89 billion yuan, a decrease of 3.80% from the previous year. During the same period, the net profits of the top 500 US enterprises and the top 500 in the world decreased by 14.97% and 6.49% respectively. The asset profit rate of the top 500 Chinese enterprises in 2023 was 1.07%, a decrease of 0.13 percentage points from the previous year; the net asset profit rate was 8.14%, a decrease of 0.90 percentage points from the previous year.
- Continuous accumulation of innovation strength
R&D investment and R&D intensity continued to improve. The top 500 Chinese enterprises in 2023 invested a total of 1578.688 billion yuan in R&D expenses, an increase of 131.221 billion yuan from the previous year, an increase of 9.07%. The average R&D intensity continued to increase, reaching a new high of 1.85%, an increase of 0.04 percentage points compared with the top 500 enterprises in the previous year.
The number and quality of patents continued to improve. The total number of patents applied for by the top 500 Chinese enterprises in 2023 was 1.8853 million; the number of patent applications increased by 217,300 over the previous year, an increase of 13.03%. Among them, 743,400 invention patents were applied for, an increase of 10.48% over the previous year. The number of invention patents has continued to grow for five consecutive years, accounting for 39.43% of the total number of patents.
Participation in standard setting has increased. The top 500 Chinese enterprises in 2023 applied for participation in the formulation of 75,110 standards, an increase of 171 over the previous year. The data on enterprises’ application for participation in standard setting has achieved four consecutive increases. Actively participate in the formulation of international standards, and enterprises have applied for participation in the formulation of 4,992 international standards.
- Per capita operating income continues to grow
The per capita operating income of the top 500 Chinese enterprises continues to grow. The per capita operating income of the top 500 Chinese enterprises in 2023 is 3.3022 million yuan, an increase of 142,600 yuan over the previous year.
| Ranking | 2023 Top 500 China Enterprises | Revenues ($M) |
| 1 | State Grid Corporation of China | 509321 |
| 2 | China National Petroleum Corporation | 464165 |
| 3 | China Petrochemical Corporation | 452763 |
| 4 | China Construction Corporation | 293579 |
| 5 | Industrial and Commercial Bank of China | 206384 |
| 6 | China Construction Bank Corporation | 194865 |
| 7 | Agricultural Bank of China | 179669 |
| 8 | Ping An Insurance (Group) Company of China | 174026 |
| 9 | Sinochem Holdings Co., Ltd. | 167050 |
| 10 | China Railway Engineering Corporation | 164968 |
| 11 | China National Offshore Oil Corporation | 158330 |
| 12 | China Railway Construction Corporation | 156673 |
| 13 | China Baowu Steel Group Corporation | 155387 |
| 14 | Bank of China | 150637 |
| 15 | JD Group Corporation | 149462 |
| 16 | China Life Insurance (Group) Company | 145574 |
| 17 | China Mobile Communications Group | 134148 |
| 18 | China Communications Construction Group | 132873 |
| 19 | China Minmetals Corporation | 128329 |
| 20 | Alibaba (China) Co., Ltd. | 123506 |
| 21 | Xiamen Jianfa Group Co., Ltd. | 121053 |
| 22 | Shandong Energy Group Co., Ltd. | 119245 |
| 23 | China Resources Co., Ltd. | 116895 |
| 24 | National Energy Investment Group Co., Ltd. | 116838 |
| 25 | China Southern Power Grid Co., Ltd. | 109237 |
| 26 | SAIC Motor Corporation | 106295 |
| 27 | China Post Group Co., Ltd. | 105966 |
| 28 | COFCO Group Co., Ltd. | 105920 |
| 29 | Xiamen International Trade Holding Group Co., Ltd. | 99066 |
| 30 | China CITIC Group Corporation | 96835 |
| 31 | PowerChina Group Corporation | 95155 |
| 32 | Huawei Investment Holding Co., Ltd. | 91763 |
| 33 | China National Pharmaceutical Group Co., Ltd. | 90404 |
| 34 | China Ocean Shipping Group Co., Ltd. | 89544 |
| 35 | China People’s Insurance Group Co., Ltd. | 88694 |
| 36 | Hengli Group Co., Ltd. | 87394 |
| 37 | Zhengwei International Group Co., Ltd. | 86966 |
| 38 | China First Automobile Group Co., Ltd. | 84257 |
| 39 | China Telecom Group Co., Ltd. | 83764 |
| 40 | Zhejiang Rongsheng Holding Group Co., Ltd. | 82803 |
| 41 | Wuchan Zhongda Group Co., Ltd. | 82364 |
| 42 | Xiamen Xiangyu Group Co., Ltd. | 80375 |
| 43 | China North Industries Group Co., Ltd. | 79461 |
| 44 | Tencent Holdings Co., Ltd. | 79222 |
| 45 | China Aviation Industry Corporation Limited | 78483 |
| 46 | Pacific Construction Group Co., Ltd. | 76376 |
| 47 | Bank of Communications Co., Ltd. | 75123 |
| 48 | Jinneng Holding Group Co., Ltd. | 74726 |
| 49 | Guangzhou Automobile Industry Group Co., Ltd. | 74326 |
| 50 | China Aluminum Group Co., Ltd. | 73943 |
| 51 | Shaanxi Coal and Chemical Industry Group Co., Ltd. | 72910 |
| 52 | Jiangxi Copper Group Co., Ltd. | 72003 |
| 53 | Shandong Weiqiao Group Co., Ltd. | 71998 |
| 54 | Vanke Co., Ltd. | 71977 |
| 55 | China Merchants Group Co., Ltd. | 70422 |
| 56 | China Merchants Bank Co., Ltd. | 69861 |
| 57 | Lenovo Holdings Co., Ltd. | 69095 |
| 58 | Dongfeng Motor Group Co., Ltd. | 65745 |
| 59 | China Poly Group Co., Ltd. | 65054 |
| 60 | China Pacific Insurance (Group) Co., Ltd. | 65053 |
| 61 | Beijing Automotive Group Co., Ltd. | 64654 |
| 62 | Greenland Holdings Group Co., Ltd. | 62217 |
| 63 | Country Garden Holdings Co., Ltd. | 61482 |
| 64 | China Huaneng Group Co., Ltd. | 60650 |
| 65 | BYD Co., Ltd. | 60580 |
| 66 | Shenghong Holdings Group Co., Ltd. | 58860 |
| 67 | Industrial Bank Co., Ltd. | 58610 |
| 68 | Zhejiang Geely Holding Group Co., Ltd. | 58038 |
| 69 | Hesteel Group Co., Ltd. | 57238 |
| 70 | Zhejiang Hengyi Group Co., Ltd. | 55095 |
| 71 | China National Building Materials Group Co., Ltd. | 54308 |
| 72 | China Electronics Technology Group Co., Ltd. | 53668 |
| 73 | China Energy Engineering Group Co., Ltd. | 52747 |
| 74 | Qingshan Holding Group Co., Ltd. | 52575 |
| 75 | Shanghai Shanghai Pudong Development Bank Co., Ltd. | 51935 |
| 76 | State Power Investment Corporation | 51913 |
| 77 | China Unicom Group Co., Ltd. | 50880 |
| 78 | Shaanxi Yanchang Petroleum (Group) Co., Ltd. | 50186 |
| 79 | Haier Group Corporation | 50089 |
| 80 | China Shipbuilding Industry Corporation | 49777 |
| 81 | Midea Group Co., Ltd. | 49387 |
| 82 | China National Machinery Industry Corporation | 49131 |
| 83 | Anshan Iron and Steel Group Co., Ltd. | 48088 |
| 84 | Jinchuan Group Co., Ltd. | 47536 |
| 85 | CATL Contemporary Amperex Technology Co., Ltd. | 46942 |
| 86 | Zhejiang Transportation Investment Group Co., Ltd. | 44797 |
| 87 | Su Shang Construction Group Co., Ltd. | 44337 |
| 88 | Jingye Group Co., Ltd. | 43921 |
| 89 | China Huadian Group Co., Ltd. | 43352 |
| 90 | China Minsheng Bank Co., Ltd. | 43307 |
| 91 | China Aerospace Science and Technology Corporation | 42731 |
| 92 | China North Industries Group Corporation | 41734 |
| 93 | Jiangsu Shagang Group Co., Ltd. | 41114 |
| 94 | Shanghai Construction Group Co., Ltd. | 40862 |
| 95 | China Coal Energy Group Co., Ltd. | 40358 |
| 96 | Shanxi Coking Coal Group Co., Ltd. | 40036 |
| 97 | Xiaomi Group | 40006 |
| 98 | New Hope Holdings Group Co., Ltd. | 39809 |
| 99 | China Electronics Information Industry Group Co., Ltd. | 38752 |
| 100 | Zijin Mining Group Co., Ltd. | 38618 |
| 101 | SF Holding Co., Ltd. | 38213 |
| 102 | Guangzhou Construction Group Co., Ltd. | 37725 |
| 103 | China National Nuclear Corporation | 37529 |
| 104 | China Taiping Insurance Group Co., Ltd. | 37195 |
| 105 | Shudao Investment Group Co., Ltd. | 36536 |
| 106 | Shenzhen Investment Holdings Co., Ltd. | 36409 |
| 107 | China Datang Group Co., Ltd. | 36138 |
| 108 | China Aerospace Science and Industry Corporation | 35913 |
| 109 | Longfor Group Holdings Co., Ltd. | 35795 |
| 110 | Shougang Group Co., Ltd. | 35414 |
| 111 | Hangzhou Iron and Steel Group Co., Ltd. =Company | 35381 |
| 112 | Xinjiang Zhongtai (Group) Co., Ltd. | 35327 |
| 113 | Guangzhou Industrial Investment Holding Group Co., Ltd. | 35160 |
| 114 | Guangzhou Pharmaceutical Group Co., Ltd. | 34002 |
| 115 | Guangdong Guangxin Holding Group Co., Ltd. | 33988 |
| 116 | Taikang Insurance Group Co., Ltd. | 33477 |
| 117 | Shaanxi Construction Engineering Holding Group Co., Ltd. | 33379 |
| 118 | China CRRC Group Co., Ltd. | 33343 |
| 119 | Tongling Nonferrous Metals Group Holding Co., Ltd. | 33240 |
| 120 | Shanghai Pharmaceutical Group Co., Ltd. | 33140 |
| 121 | Shandong Hi-Speed Group Co., Ltd. | 33110 |
| 122 | Shanghai Delong Steel Group Co., Ltd. | 32225 |
| 123 | Anhui Conch Group Co., Ltd. | 31703 |
| 124 | Beijing Jianlong Heavy Industry Group Co., Ltd. | 31595 |
| 125 | Hunan Iron and Steel Group Co., Ltd. | 31445 |
| 126 | Meituan Company | 31422 |
| 127 | Lu’an Chemical Group Co., Ltd. | 31324 |
| 128 | Dover International Holding Group Co., Ltd. | 30955 |
| 129 | Tongwei Group Co., Ltd. | 30697 |
| 130 | Xinhua Life Insurance Co., Ltd. | 30617 |
| 131 | Luxshare Precision Industry Co., Ltd. | 30575 |
| 132 | China Aviation Oil Group Co., Ltd. | 30406 |
| 133 | Chengdu Xingcheng Investment Group Co., Ltd. | 30082 |
| 134 | Guangxi Investment Group Co., Ltd. | 30043 |
| 135 | Xinjiang Guanghui Industrial Investment (Group) Co., Ltd. | 29715 |
| 136 | Hailiang Group Co., Ltd. | 29624 |
| 137 | Tianneng Holding Group Co., Ltd. | 28846 |
| 138 | Jinan Iron and Steel Group Co., Ltd. | 28552 |
| 139 | Yunnan Investment Holding Group Co., Ltd. | 28027 |
| 140 | Beidahuang Farmland Reclamation Group Co., Ltd. | 27330 |
| 141 | Hebei Xinhua United Metallurgical Holding Group Co., Ltd. | 27268 |
| 142 | Wanxiang Group Co., Ltd. | 27209 |
| 143 | Zhuhai Gree Electric Appliances Co., Ltd. | 26998 |
| 144 | WH Group Co., Ltd. | 26988 |
| 145 | Nanjing Iron and Steel Group Co., Ltd. | 26907 |
| 146 | Hisense Group Holding Co., Ltd. | 26419 |
| 147 | Gansu Highway, Aviation and Tourism Investment Group Co., Ltd. Ltd. | 26166 |
| 148 | China General Technology (Group) Holding Co., Ltd. | 26145 |
| 149 | GCL Group Co., Ltd. | 25986 |
| 150 | Beijing Shounong Food Group Co., Ltd. | 25764 |
| 151 | Hebei Jinxi Steel Group Co., Ltd. | 25714 |
| 152 | Hangzhou Industrial Investment Group Co., Ltd. | 25304 |
| 153 | Shaanxi Nonferrous Metals Holding Group Co., Ltd. | 25173 |
| 154 | China National Chemical Engineering Group Co., Ltd. | 25167 |
| 155 | Fosun International Co., Ltd. | 25056 |
| 156 | Weichai Power Co., Ltd. | 25023 |
| 157 | Huaxia Bank Co., Ltd. | 24967 |
| 158 | Liaoning Fangda Group Industrial Co., Ltd. | 24797 |
| 159 | Luoyang Luanchuan Molybdenum Industry Group Co., Ltd. | 24713 |
| 160 | Yunnan Construction Investment Holding Group Co., Ltd. | 24513 |
| 161 | Youngor Group Co., Ltd. | 24500 |
| 162 | Zhejiang Energy Group Co., Ltd. | 23950 |
| 163 | TCL Technology Group Co., Ltd. | 23805 |
| 164 | Hunan Construction Investment Group Co., Ltd. | 23776 |
| 165 | Wanhua Chemical Group Co., Ltd. | 23652 |
| 166 | Wuxi Industrial Development Group Co., Ltd. | 23077 |
| 167 | China Pingmei Shenma Holding Group Co., Ltd. | 22863 |
| 168 | Zhejiang Xinghe Group Co., Ltd. | 22838 |
| 169 | Zhuhai Huafa Group Co., Ltd. | 22519 |
| 170 | China International Technology and Intellectual Cooperation Group Co., Ltd. | 22456 |
| 171 | Hengtong Group Co., Ltd. | 22285 |
| 172 | Sichuan Yibin Wuliangye Group Co., Ltd. | 22215 |
| 173 | Ennao Natural Gas Co., Ltd. | 22006 |
| 174 | Shanghai Electric Holding Group Co., Ltd. | 21981 |
| 175 | Zhongtian Steel Group Co., Ltd. | 21638 |
| 176 | Chery Holding Group Co., Ltd. | 21431 |
| 177 | Beijing Urban Construction Group Co., Ltd. | 21159 |
| 178 | Sichuan Changhong Electronics Holding Group Co., Ltd. | 21048 |
| 179 | Zhuoer Holding Co., Ltd. | 20943 |
| 180 | Jiangsu Yonggang Group Co., Ltd. | 20746 |
| 181 | Chuanhua Group Co., Ltd. | 20715 |
| 182 | China China International Marine Containers (Group) Co., Ltd. | 20220 |
| 183 | Tongkun Holding Group Co., Ltd. | 20178 |
| 184 | Joining Pharmaceutical Group Co., Ltd. | 20061 |
| 185 | China Nonferrous Mining Group Co., Ltd. | 19928 |
| 186 | Shandong Dongming Petrochemical Group Co., Ltd. | 19795 |
| 187 | Bright Food (Group) Co., Ltd. | 19656 |
| 188 | Shandong Port Group Co., Ltd. | 19627 |
| 189 | Great Wall Motor Co., Ltd. | 19620 |
| 190 | Shandong Gold Group Co., Ltd. | 19581 |
| 191 | China Guangdong Nuclear Power Group Co., Ltd. | 19569 |
| 192 | China Kweichow Moutai Distillery (Group) Co., Ltd. | 19495 |
| 193 | Shanxi Construction Investment Group Co., Ltd. | 19434 |
| 194 | Bank of Jiangsu Co., Ltd. | 19235 |
| 195 | Ningbo Jintian Investment Holding Co., Ltd. | 19224 |
| 196 | Sunshine Insurance Group Co., Ltd. | 18839 |
| 197 | Nanshan Group Co., Ltd. | 18660 |
| 198 | Super Power Group Co., Ltd. | 18548 |
| 199 | Beijing Construction Engineering Group Co., Ltd. | 18516 |
| 200 | Shanghai Junhe Group Co., Ltd. | 18495 |
| 201 | Longi Green Energy Technology Co., Ltd. | 18428 |
| 202 | Muyuan Industrial Group Co., Ltd. | 18053 |
| 203 | Sany Group Co., Ltd. | 18032 |
| 204 | Yunnan Energy Investment Group Co., Ltd. | 18015 |
| 205 | Dongling Group Co., Ltd. | 17952 |
| 206 | Chint Group Co., Ltd. | 17674 |
| 207 | Baidu Network Technology Co., Ltd. | 17668 |
| 208 | Lihuayi Group Co., Ltd. | 17600 |
| 209 | Inner Mongolia Yili Industrial Group Co., Ltd. | 17596 |
| 210 | ZTE Corporation | 17565 |
| 211 | Guangdong Guangsheng Holding Group Co., Ltd. | 17234 |
| 212 | Jiuquan Iron and Steel (Group) Co., Ltd. | 17204 |
| 213 | Heilan Group Co., Ltd. | 17189 |
| 214 | Gemdale (Group) Co., Ltd. | 17173 |
| 215 | Zhongtian Holding Group Co., Ltd. | 17160 |
| 216 | Hebei Puyang Iron and Steel Co., Ltd. | 17143 |
| 217 | Greentown Real Estate Group Co., Ltd. | 17104 |
| 218 | Beijing Holdings Group Co., Ltd. | 17014 |
| 219 | China National Gold Group Co., Ltd. | 16734 |
| 220 | Wanda Holdings Group Co., Ltd. | 16712 |
| 221 | Lanzhou New District Commerce and Logistics Investment Group Co., Ltd. | 16705 |
| 222 | Zhejiang Commercial Bank Co., Ltd. | 16677 |
| 223 | China-based Ningbo Group Co., Ltd. | 16582 |
| 224 | Digital China Group Co., Ltd. | 16554 |
| 225 | Baotou Iron and Steel (Group) Co., Ltd. | 16543 |
| 226 | Huayang New Materials Technology Group Co., Ltd. | 16513 |
| 227 | Jiangsu New Changjiang Industrial Group Co., Ltd. | 16325 |
| 228 | Henan Energy Group Co., Ltd. | 16133 |
| 229 | Jinko Solar Holdings Co., Ltd. | 15866 |
| 230 | Guangxi Beibu Gulf International Port Group Co., Ltd. | 15441 |
| 231 | Inner Mongolia Electric Power (Group) Co., Ltd. | 15429 |
| 232 | Bank of Shanghai Co., Ltd. | 15425 |
| 233 | Qingdao Haifa State-owned Capital Investment and Operation Group Co., Ltd. | 15263 |
| 234 | TCL Industrial Holdings Co., Ltd. | 15155 |
| 235 | Guangzhou Yuexiu Group Co., Ltd. | 15147 |
| 236 | Kailuan (Group) Co., Ltd. | 15098 |
| 237 | Goertek Co., Ltd. | 14985 |
| 238 | Guangdong Haida Group Co., Ltd. | 14959 |
| 239 | Inspur Group Co., Ltd. | 14823 |
| 240 | Tianjin Rongcheng Xiangtai Investment Holding Group Co., Ltd. | 14791 |
| 241 | Zhejiang Fuye Group Co., Ltd. | 14747 |
| 242 | Vipshop Holdings Co., Ltd. | 14736 |
| 243 | Fujian Dadonghai Industrial Group Co., Ltd. | 14728 |
| 244 | Shanxi Pengfei Group Co., Ltd. | 14710 |
| 245 | Chenming Holdings Co., Ltd. | 14660 |
| 246 | Nantong Sanjian Holdings Co., Ltd. | 14638 |
| 247 | Xinjiang TBEA Group Co., Ltd. | 14584 |
| 248 | Xinyu Iron and Steel Group Co., Ltd. | 14572 |
| 249 | Jiangling Motors Group Co., Ltd. | 14447 |
| 250 | Guangdong Dinglong Industrial Group Co., Ltd. | 14410 |
| 251 | Hubei Liantou Group Co., Ltd. | 14397 |
| 252 | Sichuan Huaxi Group Co., Ltd. | 14365 |
| 253 | Beijing Energy Group =Group Co., Ltd. | 14361 |
| 254 | Xusun Holdings Co., Ltd. | 14306 |
| 255 | Guangxi Liuzhou Iron and Steel Group Co., Ltd. | 14251 |
| 256 | Zhejiang Construction Investment Group Co., Ltd. | 14076 |
| 257 | Cloud Account Technology (Tianjin) Co., Ltd. | 13919 |
| 258 | Zhejiang International Trade Group Co., Ltd. | 13898 |
| 259 | Yuntianhua Group Co., Ltd. | 13790 |
| 260 | NetEase Co., Ltd. | 13785 |
| 261 | Jiangsu Yueda Group Co., Ltd. | 13772 |
| 262 | Honor Terminal Co., Ltd. | 13410 |
| 263 | Xugong Group Engineering Machinery Co., Ltd. | 13402 |
| 264 | Hualin Technology Co., Ltd. | 13235 |
| 265 | Inner Mongolia Mengniu Dairy (Group) Co., Ltd. | 13228 |
| 266 | China Tower Co., Ltd. | 13167 |
| 267 | Xinfengming Holdings Group Co., Ltd. | 13070 |
| 268 | Shenzhen Aishide Co., Ltd. | 13061 |
| 269 | Henan Transportation Investment Group Co., Ltd. | 13020 |
| 270 | Luzhou Laojiao Group Co., Ltd. | 12946 |
| 271 | Zhongtian Technology Group Co., Ltd. | 12892 |
| 272 | Guangdong Construction Engineering Group Holdings Co., Ltd. | 12876 |
| 273 | Yonghui Supermarket Co., Ltd. | 12870 |
| 274 | Sichuan Energy Investment Group Co., Ltd. | 12863 |
| 275 | Orient International (Group) Co., Ltd. | 12841 |
| 276 | Hebei Xinda Steel Group Co., Ltd. | 12649 |
| 277 | Chongqing Chemical and Pharmaceutical Holdings (Group) Co., Ltd. | 12641 |
| 278 | China Southern Airlines Group Co., Ltd. | 12603 |
| 279 | Baiyin Nonferrous Metals Group Co., Ltd. | 12548 |
| 280 | Gansu Construction Investment (Holding) Group Co., Ltd. | 12476 |
| 281 | Nanjing Bank Co., Ltd. | 12442 |
| 282 | Wu’an Yuhua Steel Co., Ltd. | 12412 |
| 283 | Xiamen Road and Bridge Engineering Materials Co., Ltd. | 12308 |
| 284 | Rizhao Steel Holdings Group Co., Ltd. | 12222 |
| 285 | Anhui Construction Engineering Group Holdings Co., Ltd. | 12150 |
| 286 | Trina Solar Co., Ltd. | 12150 |
| 287 | Twin (Group) Co., Ltd. | 12091 |
| 288 | Shaanxi Investment Group Co., Ltd. | 12069 |
| 289 | Wens Food Group Co., Ltd. | 11961 |
| 290 | Chongqing Huayu Group Co., Ltd. | 11947 |
| 291 | Sichuan Highway and Bridge Construction Group Co., Ltd. | 11830 |
| 292 | Jinding Steel Group Co., Ltd. | 11809 |
| 293 | Sanfangxiang Group Co., Ltd. | 11767 |
| 294 | Hangzhou Jinjiang Group Co., Ltd. | 11754 |
| 295 | Tianjin TEDA Investment Holding Co., Ltd. | 11753 |
| 296 | Sichuan Chuanwei Group Co., Ltd. | 11652 |
| 297 | Shanghai Urban Construction (Group) Co., Ltd. | 11615 |
| 298 | Aux Group Co., Ltd. | 11573 |
| 299 | Lanrun Group Co., Ltd. | 11546 |
| 300 | Guangxi Shenglong Metallurgical Co., Ltd. | 11481 |
| 301 | Huitongda Network Co., Ltd. | 11479 |
| 302 | Yunnan Transportation Investment and Construction Group Co., Ltd. | 11446 |
| 303 | Hengxin Automobile Group Co., Ltd. | 11401 |
| 304 | Guangxi Beibu Gulf Investment Group Co., Ltd. | 11259 |
| 305 | Huaibei Mining (Group) Co., Ltd. | 11199 |
| 306 | Fuhai Group New Energy Holdings Co., Ltd. | 11191 |
| 307 | Hongyang Group Co., Ltd. | 11189 |
| 308 | Hongdou Group Co., Ltd. | 11054 |
| 309 | Huatai Group Co., Ltd. | 11006 |
| 310 | Shanghai Ganglian E-commerce Co., Ltd. | 10938 |
| 311 | Shandong Jingbo Holding Group Co., Ltd. | 10901 |
| 312 | Yuanda Commodities Group Co., Ltd. | 10874 |
| 313 | Tangshan Ganglu Steel Co., Ltd. | 10729 |
| 314 | Jiangsu Nantong Erjian Group Co., Ltd. | 10702 |
| 315 | Shuifa Group Co., Ltd. | 10647 |
| 316 | Guangdong Energy Group Co., Ltd. | 10545 |
| 317 | Shenzhen Liye Group Co., Ltd. | 10484 |
| 318 | Zhejiang Satellite Holdings Co., Ltd. | 10482 |
| 319 | Shandong Jincheng Petrochemical Group Co., Ltd. | 10450 |
| 320 | Jinao Solar Technology Co., Ltd. | 10427 |
| 321 | Guangdong Guangwu Holdings Group Co., Ltd. | 10412 |
| 322 | Fujian Energy Petrochemical Group Co., Ltd. | 10404 |
| 323 | Jiangsu Guotai International Group Co., Ltd. | 10357 |
| 324 | Hengshen Holdings Group Co., Ltd. | 10335 |
| 325 | Xinlicheng Holdings Group Co., Ltd. | 10312 |
| 326 | Shandong Haike Holdings Co., Ltd. | 10296 |
| 327 | Yanxiang High-tech Holdings Group Co., Ltd. | 10224 |
| 328 | Inner Mongolia Ordos Investment Holding Group Co., Ltd. | 10223 |
| 329 | Yongrong Holdings Group Co., Ltd. | 10183 |
| 330 | Hebei Logistics Industry Group Co., Ltd. | 10105 |
| 331 | Shanghai Minlurun Trading Co., Ltd. | 10101 |
| 332 | Shandong Sun Holdings Group Co., Ltd. | 10083 |
| 333 | Hebei Xinwuan Steel Group Wenan Steel Co., Ltd. | 10073 |
| 334 | Shen Energy (Group) Co., Ltd. | 10027 |
| 335 | Shandong Innovation Metal Technology Co., Ltd. | 9903 |
| 336 | Envision Energy Co., Ltd. | 9869 |
| 337 | Delixi Group Co., Ltd. | 9828 |
| 338 | Qingjian Group | 9825 |
| 339 | Fuzhou Zhongjing Petrochemical Group Co., Ltd. | 9649 |
| 340 | Chongqing Pharmaceutical (Group) Co., Ltd. | 9649 |
| 341 | Zhengzhou Ruimaotong Supply Chain Co., Ltd. | 9639 |
| 342 | Tianjin Youfa Steel Pipe Group Group Co., Ltd. | 9623 |
| 343 | Yunnan Tin Group (Holdings) Co., Ltd. | 9607 |
| 344 | Guangxi Transportation Investment Group Co., Ltd. | 9581 |
| 345 | Fujian Port Group Co., Ltd. | 9578 |
| 346 | Huaihe Energy Holding Group Co., Ltd. | 9557 |
| 347 | Sanhe Huifu Grain and Oil Group Co., Ltd. | 9531 |
| 348 | Red Lion Holding Group Co., Ltd. | 9503 |
| 349 | Hongrun Petrochemical (Weifang) Co., Ltd. | 9501 |
| 350 | Henan Yuguang Gold and Lead Group Co., Ltd. | 9487 |
| 351 | Bohai Bank Co., Ltd. | 9481 |
| 352 | China Eastern Airlines Group Co., Ltd. | 9425 |
| 353 | Shandong Qirun Holding Group Co., Ltd. | 9402 |
| 354 | Xinghua Fortune Group Co., Ltd. | 9376 |
| 355 | Anhui Transportation Holding Group Co., Ltd. | 9341 |
| 356 | Dongfang Runan Group Co., Ltd. | 9319 |
| 357 | Qicheng (Shandong) Petrochemical Group Co., Ltd. | 9305 |
| 358 | Hangzhou Urban Construction Investment Group Co., Ltd. | 9169 |
| 359 | Dahan Holding Group Co., Ltd. | 9096 |
| 360 | Hubei Transportation Investment Group Co., Ltd. | 9070 |
| 361 | Nantong Sijian Group Co., Ltd. | 9065 |
| 362 | Futong Group Co., Ltd. | 9007 |
| 363 | Zhejiang Huayou Cobalt Co., Ltd. | 9005 |
| 364 | Laofengxiang Co., Ltd. | 9001 |
| 365 | Zhejiang Qiancheng Investment Co., Ltd. | 8967 |
| 366 | Nine Dragons Paper (Holdings) Co., Ltd. | 8950 |
| 367 | Shanshan Holdings Co., Ltd. | 8934 |
| 368 | Xinjiang Tianye (Group) Co., Ltd. Ltd. | 8910 |
| 369 | Fujian Baihong Polyfiber Technology Industry Co., Ltd. | 8909 |
| 370 | Shandong Shouguang Luqing Petrochemical Co., Ltd. | 8885 |
| 371 | Inner Mongolia Yitai Group Co., Ltd. | 8880 |
| 372 | Ningxia Tianyuan Manganese Industry Group Co., Ltd. | 8853 |
| 373 | Wumart Technology Group Co., Ltd. | 8839 |
| 374 | Hunan Bochang Holding Group Co., Ltd. | 8747 |
| 375 | Nanjing Xingong Investment Group Co., Ltd. | 8689 |
| 376 | Shell Holdings Co., Ltd. | 8667 |
| 377 | Shanxi Jinnan Iron and Steel Group Co., Ltd. | 8665 |
| 378 | China United Insurance Group Co., Ltd. | 8660 |
| 379 | Daohuaxiang Group | 8646 |
| 380 | Tianrui Group Co., Ltd. | 8590 |
| 381 | Guangxi Nandan Southern Metals Co., Ltd. | 8588 |
| 382 | Guizhou Energy Group Co., Ltd. | 8585 |
| 383 | Guangzhou Industrial Investment Holding Group Co., Ltd. | 8552 |
| 384 | Wuhan Financial Holding (Group) Co., Ltd. | 8550 |
| 385 | China National Heavy Duty Truck (Hong Kong) Co., Ltd. | 8520 |
| 386 | Shanghai Huayi Holding Group Co., Ltd. | 8491 |
| 387 | China Dongfang Electric Corporation Limited | 8476 |
| 388 | Nanchang Municipal Utilities Group Co., Ltd. | 8425 |
| 389 | Luli Group Co., Ltd. | 8357 |
| 390 | Zhangzhou Jiulongjiang Group Co., Ltd. | 8351 |
| 391 | Shandong Jinling Group Co., Ltd. | 8336 |
| 392 | Zhejiang Southeast Grid Group Co., Ltd. | 8310 |
| 393 | Wuhan Urban Construction Group Co., Ltd. | 8297 |
| 394 | Wingtech Technology Co., Ltd. | 8297 |
| 395 | Shenzhen Qianhai Weizhong Bank Co., Ltd. Ltd. | 8283 |
| 396 | Beijing Capital Venture Group Co., Ltd. | 8260 |
| 397 | Tianyuan Construction Group Co., Ltd. | 8259 |
| 398 | Jining Energy Development Group Co., Ltd. | 8232 |
| 399 | Ningbo Fubon Holdings Group Co., Ltd. | 8217 |
| 400 | Longxin Construction Group Co., Ltd. | 8174 |
| 401 | Mingyang New Energy Investment Holdings Group Co., Ltd. | 8153 |
| 402 | Kunming Transportation Investment Co., Ltd. | 8147 |
| 403 | People’s Holdings Group Co., Ltd. | 8137 |
| 404 | Youhe Industry Co., Ltd. | 8100 |
| 405 | Shandong Zhaojin Group Co., Ltd. | 8062 |
| 406 | Beijing Capital Development Holdings (Group) Co., Ltd. | 8057 |
| 407 | Hebei Xinhai Holdings Group Co., Ltd. | 8052 |
| 408 | Shanxi Jincheng Steel Holdings Group Co., Ltd. | 8025 |
| 409 | Tianjin Bohai Chemical Group Co., Ltd. | 8007 |
| 410 | Yichang Xingfa Group Co., Ltd. | 7917 |
| 411 | Huafeng Group Co., Ltd. | 7911 |
| 412 | Shenzhen Zhongjin Lingnan Nonferrous Metals Co., Ltd. | 7906 |
| 413 | Chongqing Rural Commercial Bank Co., Ltd. | 7894 |
| 414 | Fujian Electronic Information (Group) Co., Ltd. | 7882 |
| 415 | Western Mining Group Co., Ltd. | 7879 |
| 416 | Shuangliang Group Co., Ltd. | 7871 |
| 417 | Shaanxi Transportation Holdings Group Co., Ltd. | 7869 |
| 418 | Shanxi Jianbang Group Co., Ltd. | 7861 |
| 419 | Fujian Jinlun High Fiber Co., Ltd. | 7708 |
| 420 | Shiheng Special Steel Group Co., Ltd. | 7698 |
| 421 | Chongqing Qianxin Group Co., Ltd. Company | 7696 |
| 422 | Shenzhen Neptune Group Co., Ltd. | 7672 |
| 423 | Wudili Flour Group Co., Ltd. | 7670 |
| 424 | YTO Express Co., Ltd. | 7648 |
| 425 | Skyworth Group Co., Ltd. | 7642 |
| 426 | Shandong Ruyi Fashion Investment Holdings Co., Ltd. | 7612 |
| 427 | Hengfeng Bank Co., Ltd. | 7604 |
| 428 | Hangzhou Dongheng Petroleum Co., Ltd. | 7595 |
| 429 | Shandong HSBC Petrochemical Group Co., Ltd. | 7577 |
| 430 | Air China Co., Ltd. | 7557 |
| 431 | China Information and Communications Technology Group Co., Ltd. | 7552 |
| 432 | Jiangsu Huahong Industrial Group Co., Ltd. | 7551 |
| 433 | Shenzhen Jinyafu Holding Group Co., Ltd. | 7543 |
| 434 | Shandong Kenli Petrochemical Group Co., Ltd. | 7542 |
| 435 | China Railway Container Transport Co., Ltd. | 7536 |
| 436 | Fujian Sangang (Group) Co., Ltd. | 7507 |
| 437 | Zhejiang Zhongcheng Holding Group Co., Ltd. | 7503 |
| 438 | Xuzhou Mining Group Co., Ltd. | 7501 |
| 439 | Shaanxi Taifeng Shenghe Holding Group Co., Ltd. | 7501 |
| 440 | Shanxi Transportation Holding Group Co., Ltd. | 7500 |
| 441 | Sanhua Holding Group Co., Ltd. | 7473 |
| 442 | Zhenshi Holding Group Co., Ltd. | 7458 |
| 443 | Tongzhou Jianzong Group Co., Ltd. | 7454 |
| 444 | Jiangsu Yangtze River Shipbuilding Group Co., Ltd. | 7446 |
| 445 | Chongqing Zhongang Investment Group Co., Ltd. | 7446 |
| 446 | Tongding Group Co., Ltd. | 7443 |
| 447 | Sanbao Group Co., Ltd. | 7443 |
| 448 | Jiangsu Sunshine Group Co., Ltd. | 7436 |
| 449 | Bei Jingjiangnan Investment Group Co., Ltd. | 7434 |
| 450 | Shandong Bohai Industrial Group Co., Ltd. | 7408 |
| 451 | Shandong Taishan Iron and Steel Group Co., Ltd. | 7374 |
| 452 | Weigao Group Co., Ltd. | 7365 |
| 453 | Jiangsu Huaxi Group Co., Ltd. | 7358 |
| 454 | Xiamen Port Holding Group Co., Ltd. | 7335 |
| 455 | Yidian Holding Group Co., Ltd. | 7315 |
| 456 | Far East Holding Group Co., Ltd. | 7305 |
| 457 | Xinjiang Production and Construction Corps Construction Engineering (Group) Co., Ltd. | 7303 |
| 458 | Ginpu Investment Holding Group Co., Ltd. | 7292 |
| 459 | Hongwang Holding Group Co., Ltd. | 7287 |
| 460 | Shandong Jiuyang Group Co., Ltd. | 7283 |
| 461 | Chongqing Xiaokang Holdings Co., Ltd. | 7274 |
| 462 | Luoyang Guohong Investment Holding Group Co., Ltd. | 7255 |
| 463 | Shaanxi Automobile Holding Group Co., Ltd. | 7245 |
| 464 | ANTA Sports Goods Group Co., Ltd. | 7244 |
| 465 | Xiwang Group Co., Ltd. | 7234 |
| 466 | Jiangsu Suzhong Construction Group Co., Ltd. | 7232 |
| 467 | Huaqin Rubber Industry Group Co., Ltd. | 7190 |
| 468 | Jigang Group Co., Ltd. | 7188 |
| 469 | Dihai Investment Holding Group Co., Ltd. | 7162 |
| 470 | Jiangsu Daming Industrial Technology Group Co., Ltd. | 7156 |
| 471 | Guangdong Transportation Group Co., Ltd. | 7147 |
| 472 | Chongqing Construction Engineering Investment Holding Co., Ltd. | 7146 |
| 473 | China Xiong’an Group Co., Ltd. | 7127 |
| 474 | Chongqing Xinoupeng Enterprise (Group) Co., Ltd. | 7123 |
| 475 | Ningbo Joyson Electronics Co., Ltd. | 7113 |
| 476 | Shandong Keda Group Co., Ltd. | 7111 |
| 477 | Jiangxi Investment Group Co., Ltd. | 7100 |
| 478 | Shandong Oriental Hualong Industry and Trade Group Co., Ltd. | 7087 |
| 479 | H3C Information Technology Co., Ltd. | 7046 |
| 480 | Binxian Coal Co., Ltd. | 7020 |
| 481 | Yizhou Group Co., Ltd. | 7009 |
| 482 | Sichuan Commercial Investment Group Co., Ltd. | 7000 |
| 483 | Lu’an Iron and Steel Holding Group Co., Ltd. | 6986 |
| 484 | Wanji Holding Group Co., Ltd. | 6974 |
| 485 | Qingdao West Coast New Area Fusion Holding Group Co., Ltd. | 6963 |
| 486 | Jinlong Precision Copper Tube Group Co., Ltd. | 6954 |
| 487 | Shanghai Rural Commercial Bank Co., Ltd. | 6945 |
| 488 | Guizhou Phosphate (Group) Co., Ltd. | 6936 |
| 489 | Jin’ao Technology (Hubei) Chemical Co., Ltd. | 6923 |
| 490 | Hubei Yihua Group Co., Ltd. | 6920 |
| 491 | Xiamen Tungsten Co., Ltd. | 6889 |
| 492 | Shenzhen Leoch Power Development Co., Ltd. | 6873 |
| 493 | Guangzhou Rural Commercial Bank Co., Ltd. | 6866 |
| 494 | Sichuan Desheng Group Vanadium Titanium Co., Ltd. | 6864 |
| 495 | Jiangsu Huihong International Group Co., Ltd. | 6823 |
| 496 | Zhejiang Shenghua Holding Group Co., Ltd. | 6802 |
| 497 | Hebei Construction Group Co., Ltd. | 6723 |
| 498 | Wolong Holding Group Co., Ltd. | 6718 |
| 499 | Ningbo Development Investment Group Co., Ltd. | 6714 |
| 500 | Shengjing Bank Co., Ltd. | 6714 |
