Heavy! The 2025 Top 500 China Enterprises is released!

According to the People's Daily client, on September 15, 2025, the China Enterprise Confederation and the China Entrepreneurs Association released the list of "Top China Enterprises"(hereinafter referred to as the "Top 500 Enterprises") to the public for the 24th consecutive time. This list uses the company's operating income in 2024 as the shortlist criterion and presents the following main characteristics.
The total scale maintained growth. The operating income of the top 500 enterprises reached 110.15 trillion yuan, an increase from the top 500 last year. The entry threshold has increased 23 consecutive times, reaching 47.960 billion yuan, an increase of 579 million yuan. Total assets were 460.85 trillion yuan, an increase of 7.46%. In the list, the number of enterprises with a scale of 100 billion has increased to 267, an increase of 45 over the previous year, and 15 companies have operating income exceeding one trillion yuan. Among them, the operating income of State Grid exceeds 3 trillion yuan and is about to exceed 4 trillion yuan; the operating income ofChina Petroleum,China Petrochemical, andChina Constructionexceeds 2 trillion yuan.
Economic benefits continue to improve.The top 500 enterprises achieved a total net profit attributable to owners of the parent company of 4.71 trillion yuan, an increase of 4.39%, and a net profit margin on income was 4.27%, an increase of 0.17 percentage points.
Innovation vitality is more abundant. R & D intensity reached a new high. The top 500 companies invested a total of 1.73 trillion yuan in research and development expenses; the R & D intensity hit a new high of 1.95%, increasing for eight consecutive years. The quality of the output of innovative achievements continues to improve. The total number of valid patents held by the top 500 enterprises is 2.2437 million, an increase of 214,000 or 10.54% over the previous year. Among them, 1.0396 million invention patents were held, an increase of 150,000 from the top 500 enterprises in the previous year, an increase of 16.86%. The number of invention patents has maintained growth for six consecutive years. Invention patents accounted for 46.33% of all patents, an increase of 2.50 percentage points over the previous year, and the quality of patents has steadily improved.
The industrial structure continues to be optimized. The number of companies shortlisted in advanced manufacturing and modern service industries has increased. There are 39 newly shortlisted or re-shortlisted companies in the top 500 companies, among which automobile and parts manufacturing, logistics and supply chain companies have the largest increase, with a total of 6 newly shortlisted companies. The computer communication equipment and other electronic equipment manufacturing, telecommunications and Internet information services and other industries are leading in many indicators, making outstanding contributions in R & D expenses, patents, standards, etc.
Development coordination has been enhanced. Enterprises in manufacturing, services and other industries develop in parallel. Among the top 500 companies, manufacturing, services and other industries contributed 40.48%, 40.29% and 19.23% respectively to total revenue growth.
At the meeting, various lists such as "2025 China Top 100 Multinational Companies and Multinational Index","2025 China Top 100 Leading Enterprises in Strategic Emerging Industries", and "2025 China Top 100 Innovative Enterprises" were also released.
It is worth noting that the top 10 companies on the list are: State Grid, China Petroleum and Gas Group, China Petrochemical Group, China Construction, Industrial and Commercial Bank of China, Agricultural Bank of China, China Construction Bank, Bank of China, China Railway Engineering Group, and Jingdong Group.Jingdong Group has become the only private enterprise in the top ten list.
The list of "2025 Top 500 China Enterprises" is as follows: <img src ="www.example.com.
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Source of information:Political Affairs, 21st Century Economic Report,edited and compiled by the financial and financial circles. Please indicate the source at the beginning of the article if you reprint it.