The most profitable company in China has been announced! Top 10 | China | Released

Release time:Apr 14, 2024 10:17 AM

On July 25th, 2023, the Fortune China 500 list was officially released. State Grid Corporation of China ranked first with a revenue of $530 billion, while PetroChina and Sinopec ranked second and third respectively.

In terms of profitability, ICBC ranked first with a net profit of 53.589 billion US dollars, followed by China Construction Bank and Agricultural Bank of China in second and third place, while TSMC and Tencent ranked fifth and sixth.

State Grid of China ranks first with a revenue of 530 billion US dollars


The most profitable company in China has been announced! Top 10 | China | Released

In terms of revenue, the total revenue of Chinese companies listed on the Fortune China 500 in 2023 reached $15 trillion in 2022.

Among them, State Grid of China ranked first with a revenue of 530 billion US dollars, while PetroChina and Sinopec ranked second and third respectively, with China State Construction Corporation in fourth place. Hon Hai Precision, Apple's largest OEM company, ranked fifth, the highest ranked company in Taiwan, China, and Ping An Insurance of China ranked ninth.

The two leading companies in the new energy sector have seen significant revenue growth compared to the previous year. Ningde Times achieved a revenue of 48.8 billion US dollars, an increase of 141% compared to the previous year. BYD's revenue increased by 92% to $63 billion, and its net profit attributable to shareholders increased more than four times year-on-year to $2.4 billion.


The most profitable company in China has been announced! Top 10 | China | Released

These two new energy companies are also representatives of the internationalization of Chinese enterprises.

There are a total of 56 companies listed in the metal products industry, making it the industry with the highest number of companies on the list in 2023, with a total revenue of $1.4 trillion.

The most profitable company in China


The most profitable company in China has been announced! Top 10 | China | Released

In terms of profitability, ICBC ranked first with a net profit of 53.589 billion US dollars.

Among the top ten most profitable companies on the list, in addition to five commercial banks and PetroChina, CNOOC, and China Mobile, two private enterprises also entered the top ten. Among them, TSMC ranked fifth on the profit list with a net profit of 33.3 billion US dollars, while Tencent's net profit decreased by 19% compared to last year, but still ranked sixth with a net profit of over 27.9 billion US dollars. These ten companies had a total profit of approximately $308.7 billion in 2022, accounting for approximately 43% of the total profits of the listed companies. As shown in the following figure:

In addition, a total of 64 companies on the Fortune China 500 did not make a profit. Among the top ten companies in the loss list, there are three airlines and four real estate companies.


The most profitable company in China has been announced! Top 10 | China | Released

In terms of net profit margin, among the top five companies, three are companies in the lithium battery industry chain, namely Tianqi Lithium, Qinghai Salt Lake Industry, and Ganfeng Lithium Group. Among them, Tianqi Lithium has a net profit margin of up to 59%, ranking second on the profit margin list. Ranked first on the profit margin list is Jiuan Medical, which has a profit margin of over 60% due to strong sales of nucleic acid testing reagents in 2022. Evergreen Shipping in Taiwan, China, China, ranks third with a profit margin of 53%.

Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case
Two women were stabbed to death and reported to have committed a crime 4 days before the follow-up visit for schizophrenia. Suspect of a bloody murder case in a Hong Kong shopping mall appeared in court today. Male | Last Friday | Murder case

According to Hong Kong's Wen Wei Po, a bloody knife stabbing case occurred at Hollywood Square in Diamond Hill last Friday. The police arrested a 39 year old man on suspicion of stabbing two young women, one of whom was stabbed over 30 times. The suspect appeared in the Kwun Tong Magistrates Court this morning. The police at the Kwun Tong Magistrate's Court temporarily charged the suspect with two counts of murder last Sunday. The suspect appeared in court this morning at the Kwun Tong Magistrate's Court. Acting Chief Magistrate Zheng Jihang, after listening to the opinions of both the prosecution and defense, decided to postpone the hearing for two weeks until 9:30 am on June 19th, waiting for two psychiatric expert reports to be obtained. The defense did not object. Zheng Jihang approved the application, and the defendant needs to be temporarily detained at Xiaolan Mental Hospital. When the suspect appeared in court, he wore black framed glasses, a light gray shirt, and camouflage green shorts, and was able to answer the judge's questions normally. accordingly

Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest
Secretary of the Provincial Party Committee: The focus of Henan's "summer harvest" has shifted to agricultural machinery in the northern region of Henan Province. | Support | Science | Organization | Province | Northern Henan | Summer Harvest | Rush Harvest

Currently, the highly anticipated summer harvest work in Henan has shifted its focus to the northern region of Henan. According to the Henan Daily client, on June 4th, Lou Yangsheng, Secretary of the Henan Provincial Party Committee, presided over a special video scheduling meeting on the "Three Summers" work in the province, listened to the situation report, analyzed and judged the situation, and arranged and deployed the next steps of work. Governor Wang Kai made specific arrangements. On the evening of May 31, 2023, in Xiafutou Village, Xuliang Town, Boai County, Jiaozuo, Henan Province, villagers braved light rain in the wheat fields to harvest wheat. Visual China Map Lou Yangsheng pointed out that the current summer harvest battle in the province has entered the decisive stage. Doing a good job in summer harvest in northern Henan Province is related to the summer grain yield and seed safety. We should focus on seizing opportunities and make every effort to organize the wheat harvesting work in the northern Henan region, minimize losses, and protect the interests of farmers to the greatest extent possible. Accurate forecasting is essential

Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology
Xinhua All Media+| Welcome home! What innovative technologies are protecting the return journey of Shenzhou 15? Spaceship | Shenzhou | Technology

On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Astronauts Fei Junlong, Deng Qingming, and Zhang Lu all safely and smoothly exited the spacecraft, and the Shenzhou-15 manned flight mission was a complete success. What innovative technologies are there to safeguard the return journey of Shenzhou 15 in this mission? On June 4th, the return capsule of the Shenzhou-15 manned spacecraft successfully landed at the Dongfeng landing site. Xinhua News Agency reporter Lian Zhen photographed that "the sky and the ground" ensure the high-precision return of spacecraft. For the Shenzhou series spacecraft, the return and re-entry GNC technology is directly related to the life safety of astronauts. Taking the success of this return mission as a symbol, China has comprehensively upgraded its GNC system since the Shenzhou-12 manned spacecraft, which features autonomous rapid rendezvous and docking, autonomous adaptive prediction and re-entry return guidance, and has completed a comprehensive update and replacement

The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet
The Chinese naval fleet has arrived! Assembly | Navy | Chinese Fleet

At noon today, a Chinese naval fleet consisting of Zhanjiang and Xuchang ships arrived at the assembly area of the "Comodo-2023" multinational maritime joint exercise. It is understood that the assembly anchorage for this exercise is 3 nautical miles long and 1.5 nautical miles wide, capable of anchoring up to 50 ships. Naval vessels from various countries participating in the exercise will also arrive at the anchorage today to complete the assembly of the "Komodo 2023" multinational maritime joint exercise, which is held every two years by the Indonesian Navy. This year is already the fourth edition of the exercise. The exercise will be held from June 5th to 8th in the city of Jakarta, South Sulawesi Province, Indonesia, including the port and sea phases. In the coming days, participating navies from various countries will participate in ship reading style search and rescue exercises, maritime interception and damage management exercises, aerial exercises, and other course objectives exercises

New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale
New comment: Donkey like "morale" limit pulls US debt "bomb" fuse hard to dismantle US | debt | morale

On the evening of June 1st, the US Senate passed a bill on the federal government's debt ceiling and budget, and the flame of the US debt bomb was temporarily extinguished at the last moment. The two parties in the United States have staged an extreme tug of war over the US debt bomb. Some experts believe that the US debt crisis is the result of the reckless politics promoted by the US dollar hegemony, and the underlying cause of this crisis is the highly polarized political system of the US. Since the end of World War II, the US Congress has adjusted the debt ceiling more than a hundred times. The recurring debt crisis will not only have a catastrophic impact on the US economy and people's livelihoods, but also continuously erode the value of US dollar assets such as government credit and US bonds, bringing significant and far-reaching impacts to the global economic landscape. 【