CNBC AI News, July 22nd – Fortune China today released its highly anticipated China 500 list for 2025, offering a compelling snapshot of the nation’s economic powerhouses.
Topping the ranking by revenue is the State Grid Corporation of China, commanding the number one spot with a staggering $548.4 billion in revenue. PetroChina and Sinopec Group secured second and third place, respectively, solidifying their dominance in the energy sector.
China State Construction Engineering Corporation landed in fourth place, followed by the Industrial and Commercial Bank of China (ICBC) at number five.
When it comes to sheer profitability, ICBC reigns supreme, consistently ranking as the most profitable company on the list.
Beyond the five commercial banks and PetroChina, the top ten most profitable companies also include four private enterprises: Taiwan Semiconductor Manufacturing Company (TSMC), Tencent, Alibaba Group, and Ping An Insurance.
TSMC, a global leader in semiconductor manufacturing, boasts a net profit of $36.09 billion, securing its position at number four on the profitability list. Notably, tech giant Tencent experienced a remarkable year, with a net profit surge of over 65% in 2024, translating to over $26.9 billion and sixth place in overall profits. This explosive growth underscores the continuing vitality of China’s digital economy.
Alibaba Group and Ping An Insurance round out the top ten, showcasing the diverse sectors driving China’s economic engine.
Collectively, these ten companies generated approximately $311.5 billion in profits last year, representing about 41% of the total profits of all companies on the list. This concentration of profitability highlights the strength and influence of these leading corporations.
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