2023 Fortune China 500

2024

2023

The inaugural edition of the Fortune China 500 list ranks the country's largest companies by revenue.

2023-07-25

METHODOLOGY for Fortune China 500

The methodology is consistent with Fortune Global 500. Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2023. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting.

REVENUES Revenue figures include consolidated subsidiaries and reported revenues from discontinued operations, but exclude excise taxes. For banks, revenue is the sum of gross interest income and gross noninterest income. For insurance companies, revenue includes premium and annuity income, investment income, realized capital gains or losses, and other income, but excludes deposits.

PROFITS Profits are shown after taxes, extraordinary credits or charges, cumulative effects of accounting changes, and noncontrolling (minority) interests, but before preferred dividends. Figures in parentheses indicate a loss. Profit declines of more than 100% reflect swings from 2021 profits to 2022 losses. Profits for partnerships and cooperatives are reported but are not comparable with those of the other companies on the list because they are not taxed on a comparable basis. Profits for mutual insurance companies are based on statutory accounting. Revenue and profit figures for non-U.S. companies have been converted to U.S. dollars at the average exchange rate during each company’s fiscal year (ended Dec. 31, 2022, unless otherwise noted).

BALANCE SHEET Assets shown are those at the company’s fiscal year-end. Figures for non-U.S. companies have been converted to U.S. dollars at the exchange rate at each company’s fiscal year-end.

Rank	Rank oflast year	Company	Revenues($M)	Profits($M)	More
1	1	State Grid	530,008.8	8,191.9	+
2	2	China National Petroleum	483,019.2	21,079.7	+
3	3	Sinopec Group	471,154.2	9,656.9	+
4	4	China State Construction Engineering	305,884.5	4,234	+
5	5	Hon Hai Precision Industry	222,535.3	4,751	+
6	6	Industrial & Commercial Bank of China	214,766.3	53,589.3	+
7	7	China Construction Bank	202,753.4	48,145.1	+
8	8	Agricultural Bank of China	187,061.1	38,523.7	+
9	9	Ping An Insurance	181,565.8	12,453.8	+
10	10	Sinochem Holdings	173,834	-1.4	+
11	11	China Railway Engineering Group	171,668.8	2,034.7	+
12	12	China National Offshore Oil	164,761.5	16,987.7	+
13	13	China Railway Construction	163,037	1,799.6	+
14	14	China Baowu Steel Group	161,698.4	2,492.8	+
15	15	Bank of China	156,923.5	33,811	+
16	16	JD.com	155,533.3	1,543.1	+
17	17	China Life Insurance	151,487.2	6,858.6	+
18	18	China Mobile Communications	139,597.1	14,718.3	+
19	19	China Communications Construction	138,270.4	1,254.9	+
20	20	China Minmetals	133,541.3	876.9	+
21	21	Alibaba Group Holding	126,812.5	10,625	+
22	22	Xiamen C&D	125,970.5	454.4	+
23	23	Shandong Energy Group	124,088.7	32.6	+
24	24	China Resources	121,642.6	4,661.6	+
25	25	China Energy Investment	121,583.6	5,699.2	+
26	26	China Southern Power Grid	113,674	1,515.5	+
27	27	SAIC Motor	110,612.3	2,396	+
28	28	China Post Group	110,270.6	4,896.7	+
29	29	COFCO	110,222	1,765.6	+
30	30	Xiamen ITG Holding Group	103,089.7	289.5	+
31	31	CITIC Group	100,768.7	3,903.9	+
32	32	PowerChina	99,019.6	620.8	+
33	33	Huawei Investment & Holding	95,489.9	5,282.5	+
34	34	Sinopharm	94,075.2	1,100.8	+
35	35	COSCO Shipping	93,181.4	6,232.7	+
36	36	People's Insurance Co. of China	91,534.6	3,638.7	+
37	37	Hengli Group	90,943.7	356.4	+
38	38	Amer International Group	90,498.2	1,496.9	+
39	39	China FAW Group	87,679.4	3,846.4	+
40	40	China Telecommunications	87,166.4	2,060.8	+
41	41	Zhejiang Rongsheng Holding Group	86,166	169.9	+
42	42	Wuchan Zhongda Group	85,709.6	581.4	+
43	43	XMXYG	83,639.2	299.5	+
44	44	China North Industries Group	82,688.8	1,788.4	+
45	45	Tencent Holdings	82,439.6	27,984.2	+
46	46	Aviation Industry Corp. of China	81,670.8	1,528	+
47	47	Pacific Construction Group	79,478.3	5,188.4	+
48	48	Bank of Communications	78,213.1	13,698.9	+
49	49	Jinneng Holding Group	77,761.3	358.7	+
50	50	Guangzhou Automobile Industry Group	77,344.7	623	+
51	51	Aluminum Corp. of China	76,946	1,697.5	+
52	52	Taiwan Semiconductor Manufacturing	76,021.7	33,342.5	+
53	53	Shaanxi Coal & Chemical Industry	75,871.2	1,386.3	+
54	54	Jiangxi Copper	74,927.2	464.2	+
55	55	Shandong Weiqiao Pioneering Group	74,922.8	931.2	+
56	56	China Vanke	74,900.5	3,362.4	+
57	57	China Merchants Group	73,282.7	8,474.1	+
58	58	China Merchants Bank	72,316.6	20,516.8	+
59	59	Dongfeng Motor	68,415.6	1,211.2	+
60	60	China Poly Group	67,695.9	1,287.7	+
61	61	China Pacific Insurance (Group)	67,695.5	3,658.4	+
62	62	Beijing Automotive Group	67,282.2	296.1	+
63	63	Greenland Holding Group	64,802.1	150.2	+
64	64	Country Garden Holdings	63,978.9	-899.7	+
65	65	China Huaneng Group	63,284.3	1,125.3	+
66	66	BYD	63,040.8	2,471.1	+
67	67	Lenovo Group	61,946.9	1,607.7	+
68	68	Shenghong Holding Group	61,251.2	427.7	+
69	69	Industrial Bank	60,962.1	13,584.1	+
70	70	Zhejiang Geely Holding Group	60,395.8	945	+
71	71	HBIS Group	59,563.3	49.5	+
72	72	Zhejiang Hengyi Group	57,332.4	-153.3	+
73	73	China National Building Material Group	56,514.2	629.2	+
74	74	China Electronics Technology Group	55,847.6	2,665.4	+
75	75	China Energy Engineering Group	54,889.5	544.5	+
76	76	Tsingshan Holding Group	54,711.1	1,457.4	+
77	77	Shanghai Pudong Development Bank	54,027.7	7,607.1	+
78	78	State Power Investment	54,021.7	743.7	+
79	79	China United Network Communications	52,765.9	1,085.1	+
80	80	Shaanxi Yanchang Petroleum (Group)	52,224.1	870.2	+
81	81	China State Shipbuilding	51,799.1	2,710.1	+
82	82	Midea Group	51,393	4,393.4	+
83	83	Sinomach	51,126.4	-408.9	+
84	84	Ansteel Group	50,041.3	608	+
85	85	Jinchuan Group	49,466.7	1,112.6	+
86	86	Contemporary Amperex Technology	48,848.7	4,568.2	+
87	87	Zhejiang Communications Investment Group	46,616.5	858.5	+
88	88	Susun Construction Group	46,137.8	1,357.4	+
89	89	Jingye Group	45,704.9	329.4	+
90	90	China Huadian	45,113.4	1,021.3	+
91	91	China Minsheng Banking	44,581.5	5,243.1	+
92	92	Pegatron	44,272.5	506.9	+
93	93	China South Industries Group	43,428.9	1,014.6	+
94	94	Quanta Computer	42,997	972.4	+
95	95	Jiangsu Shagang Group	42,784.2	557.5	+
96	96	Shanghai Construction Group	42,522.2	201.5	+
97	97	China National Coal Group	41,996.9	1,877.3	+
98	98	Shanxi Coking Coal Group	41,662.1	355.3	+
99	99	Xiaomi	41,631.3	367.8	+
100	100	New Hope Holding Group	41,426.2	7.8	+
101	101	China Electronics	40,326.3	-501.1	+
102	102	Zijin Mining Group	40,187.1	2,979.4	+
103	103	S.F. Holding	39,765.1	917.8	+
104	104	CPC	39,427.2	-6,299.2	+
105	105	Guangzhou Municipal Construction Group	39,257.7	149.5	+
106	106	China National Nuclear	39,053.6	1,281.4	+
107	107	China Taiping Insurance Group	38,705.6	116.1	+
108	108	Shudao Investment Group	38,019.4	645.8	+
109	109	Shenzhen Investment Holdings	37,887.8	906.5	+
110	110	Jardine Matheson	37,724	354	+
111	111	China Datang	37,606.1	181.7	+
112	112	China Aerospace Science & Industry	37,371.3	2,166.8	+
113	113	Longfor Group Holdings	37,249	3,621.7	+
114	114	Shougang Group	36,852.7	188.8	+
115	115	Hangzhou Iron and Steel Group	36,818.2	245.8	+
116	116	Xinjiang Zhongtai Group	36,762	112.4	+
117	117	Guangzhou Industrial Investment Holdings	36,588.5	233.9	+
118	118	Haier Smart Home	36,200.7	2,186.9	+
119	119	Compal Electronics	36,039.7	244.7	+
120	120	Guangzhou Pharmaceutical Holdings	35,383	311.4	+
121	121	Guangdong Guangxin Holdings Group	35,368.3	355.6	+
122	122	Taikang Insurance Group	34,836.9	1,614.9	+
123	123	Shaanxi Construction Engineering Holding	34,735.3	391	+
124	124	CRRC Group	34,696.9	902.4	+
125	125	TongLing Nonferrous Metals Group	34,589.9	5	+
126	126	Shanghai Pharmaceuticals Holding	34,486.3	835	+
127	127	Shandong Hi-Speed Group	34,454.8	444.8	+
128	128	Shanghai Delong Steel Group	33,534	253.4	+
129	129	CK Hutchison Holdings	33,523.4	4,684.4	+
130	130	Wistron	33,063.6	374.8	+
131	131	Anhui Conch Group	32,990.9	870.5	+
132	132	Beijing Jianlong Heavy Industry Group	32,878.3	229.1	+
133	133	Hunan Iron & Steel Group	32,722.7	1,175.6	+
134	134	Meituan	32,698.5	-994	+
135	135	Lu’an Chemical Group	32,596.2	87.6	+
136	136	Tongwei Group	31,944.4	1,637.1	+
137	137	New China Life Insurance	31,860.6	1,460.1	+
138	138	Luxshare Precision Industry	31,817.4	1,362.2	+
139	139	China National Aviation Fuel Group	31,649.7	410.5	+
140	140	Chengdu Xingcheng Investment Group	31,304.1	186	+
141	141	Guangxi Investment Group	31,263.2	84	+
142	142	Xinjiang Guanghui Industry Investment	30,922.3	159.1	+
143	143	Hailiang Group	30,827.6	50.2	+
144	144	Yunnan Provincial Investment Holding Group	29,165.8	44.7	+
145	145	Formosa Petrochemical	28,494.4	484.6	+
146	146	Gree Electric Appliances of Zhuhai	28,267.6	3,643.1	+
147	147	WH Group	28,136	1,370	+
148	148	Cathay Financial Holding	27,684.3	1,255.3	+
149	149	Hisense Group Holdings	27,492.5	538.7	+
150	150	Zhongsheng Group Holding	26,737.4	991.2	+
151	151	BOE TECHNOLOGY GROUP	26,522.8	1,122.5	+
152	152	Fubon Financial Holding	26,420.1	1,576.7	+
153	153	FOSUN INTERNATIONAL	26,073.8	80.1	+
154	154	WPG Holdings	26,047.8	353.2	+
155	155	Weichai Power	26,038.8	729.2	+
156	156	Hua Xia Bank	25,981.2	3,721.7	+
157	157	Liaoning Fangda Group Industrial	25,804	-98.7	+
158	158	CMOC Group	25,716.7	901.9	+
159	159	China Reinsurance (Group)	24,965.2	278.2	+
160	160	TCL Technology Group	24,771.4	38.8	+
161	161	Wanhua Chemical Group	24,612.8	2,413.3	+
162	162	China National Chemical Engineering	23,553.1	805	+
163	163	HENGTONG Group	23,190.5	25.1	+
164	164	Wuliangye Group	23,117.1	1,125.3	+
165	165	ENN Natural Gas	22,918.6	868.8	+
166	166	Shanghai Electric Holdings Group	22,873.7	-1,762.5	+
167	167	ASE Technology Holding	22,541.3	2,086.2	+
168	168	Chery Holding Group	22,301.5	319.6	+
169	169	Evergreen Marine	21,076.7	11,229.1	+
170	170	CHINA INTERNATIONAL MARINE CONTAINERS	21,040.7	478.6	+
171	171	Jointown Pharmaceutical Group	20,875.3	309.9	+
172	172	Great Wall Motor	20,416.8	1,228.8	+
173	173	Bank of Jiangsu	20,015.9	3,773.9	+
174	174	China Hongqiao Group	19,578.3	1,293.6	+
175	175	PDD Holdings	19,408.6	4,688.4	+
176	176	WT Microelectronics	19,192.2	256.4	+
177	177	LONGi Green Energy Technology	19,176.7	2,201.9	+
178	178	Sunshine Insurance Group	19,114.3	725.6	+
179	179	AIA Group	19,110	282	+
180	180	Bank of Beijing	18,998.8	3,680.8	+
181	181	Kweichow Moutai	18,962.1	9,323.4	+
182	182	Greentown China Holdings	18,902.5	409.7	+
183	183	Muyuan Foods	18,556.6	1,972.1	+
184	184	MEDIATEK	18,439.5	3,969.5	+
185	185	Baidu	18,385.4	1,123.7	+
186	186	Inner Mongolia Yili Industrial Group	18,310.5	1,402	+
187	187	ZTE	18,278.3	1,201.2	+
188	188	INVENTEC	18,202.8	205.9	+
189	189	ASUSTek Computer Inc	18,049.6	493.6	+
190	190	Gemdale	17,870	907.9	+
191	191	Uni-President Enterprises Corp	17,634.3	576.9	+
192	192	China Zheshang Bank	17,363.8	2,024.4	+
193	193	Seazen Group	17,324.8	41.7	+
194	194	Digital China Group	17,226.6	149.3	+
195	195	ZALL SMART	16,487.2	-452	+
196	196	China Aviation Oil (Singapore)	16,464.1	33.5	+
197	197	Sinotrans	16,176.6	604.8	+
198	198	Bank of Shanghai	16,051.7	3,312.2	+
199	199	Tsinghua Unigroup	15,681.5	-140.5	+
200	200	Goertek	15,593.5	260	+
201	201	Guangdong Haid Group	15,566.9	439.2	+
202	202	Vipshop Holdings	15,334.6	936.4	+
203	203	BBMG	15,285.4	180.3	+
204	204	China Steel Inc	15,105.5	597.5	+
205	205	Ningbo Jintian Copper(Group)	15,042.8	62.5	+
206	206	Bank of Ningbo	14,911	3,430.3	+
207	207	Zhejiang Construction Investment Group	14,648.1	144.1	+
208	208	Sunac China Holdings	14,383	-4,113.2	+
209	209	Netease	14,345	3,023.4	+
210	210	TBEA	14,271.7	2,361.2	+
211	211	Kuaishou Technology	14,001.1	-2,035.3	+
212	212	Xcmg Construction Machinery	13,946.8	640.3	+
213	213	Huaqin Technology	13,772.6	381.1	+
214	214	China Mengniu Dairy	13,764.8	788.3	+
215	215	Sichuan Changhong Electric	13,748.2	69.6	+
216	216	China Tower	13,701.9	1,306.3	+
217	217	Shenzhen Aisidi	13,591.8	108.6	+
218	218	Yonghui Superstores	13,392.8	-410.8	+
219	219	Baiyin Nonferrous Group	13,057.5	5	+
220	220	China Southern Airlines	12,942.1	-4,861	+
221	221	Bank of Nanjing	12,837.1	2,736.5	+
222	222	Trinasolar	12,643.7	547.1	+
223	223	Wens Foodstuff Group	12,446.5	786.3	+
224	224	Cgn Power	12,312.3	1,481.4	+
225	225	Jinko Solar	12,290.6	436.5	+
226	226	Grand Industrial Holding	12,191.2	17	+
227	227	China Cinda Asset Management	12,039.7	938.5	+
228	228	Sany Heavy Industry	12,014.9	635.2	+
229	229	Liuzhou Iron & Steel	12,000.5	-348.2	+
230	230	Huitongda Network	11,945.5	42.7	+
231	231	Zhejiang Zheneng Electric Power	11,921.7	-270.9	+
232	232	Anhui Construction Engineering Group	11,910.5	205.2	+
233	233	Beijing Enterprises Holdings	11,786.3	967	+
234	234	CMST Development	11,413.5	95.2	+
235	235	Shenzhen Overseas Chinese Town	11,412.1	-1,621.2	+
236	236	Shanghai Ganglian E-Commerce Holdings	11,382.3	30.2	+
237	237	Golden Concord Group	11,326.7	217.3	+
238	238	Daqin Railway	11,262.1	1,664.4	+
239	239	Tianneng Power International	11,089.8	267	+
240	240	Midea Real Estate Holding	10,945.9	256.6	+
241	241	SHENZHEN LIYE GROUP	10,910.3	372.9	+
242	242	Zhejiang Satellite Holding	10,907.8	178.7	+
243	243	Ja Solar Technology	10,850.5	822.5	+
244	244	Yuexiu Property	10,765.2	587.7	+
245	245	NWY Holding Group	10,731	439.5	+
246	246	Inner Mongolia Baotou Steel Union	10,729	-108.5	+
247	247	China Yongda Automobiles Services Holdings	10,707	211.9	+
248	248	Suning.Com	10,610.4	-2,411.3	+
249	249	NanJing Iron & Steel	10,505.3	321.3	+
250	250	Inspur Electronic Information Industry	10,335.6	309.3	+
251	251	Innovation New Material Technology	10,304.9	161.9	+
252	252	Huaibei Mining Holdings	10,290.9	1,042	+
253	253	Huishang Bank	10,241.1	1,991.7	+
254	254	Universal Scientific Industrial(Shanghai)	10,185.5	454.9	+
255	255	C.Q.Pharmaceutical Holding	10,083.4	141.6	+
256	256	Tianjin You Fa Steel Pipe Group Stock	10,013.7	44.2	+
257	257	VSTECS Holdings	9,874.3	105.1	+
258	258	China Bohai Bank	9,866.6	907.9	+
259	259	Bank of Hangzhou	9,717.1	1,736.2	+
260	260	Shanghai Tunnel Engineering	9,703.6	417.6	+
261	261	Nine Dragons Paper (Holdings)	9,594.2	486.9	+
262	262	Zhejiang Huayou Cobalt	9,370.5	581.2	+
263	263	Lao Feng Xiang	9,367	252.8	+
264	264	Tongkun Group	9,215.9	19.4	+
265	265	Wumei Technology Group	9,198.2	438.4	+
266	266	TCL Electronics Holdings	9,111.6	57.1	+
267	267	KE Holdings	9,019	-206.1	+
268	268	Inner Mongolia Yitai Coal	9,015.7	1,631.6	+
269	269	Sinotruk (Hong Kong)	8,814.1	267.1	+
270	270	Zhuhai Huafa Properties	8,799.1	383.2	+
271	271	Jiangsu Zhongnan Construction Group	8,776.3	-1,363.3	+
272	272	Lufax Holding	8,639.4	1,293.2	+
273	273	Wingtech Technology	8,633.9	217	+
274	274	WeBank	8,619.7	1,328.6	+
275	275	Zhongjin Gold Corp.	8,496	314.7	+
276	276	CCS Supply Chain Management	8,306.2	68.4	+
277	277	Shenzhen Zhongjin Lingnan Nonfemet	8,241.3	180.2	+
278	278	Dongfang Electric	8,228.7	424.4	+
279	279	Chongqing Rural Commercial Bank	8,206.8	1,527.6	+
280	280	Fujian Electronic Information (Group)	8,202.6	-462.6	+
281	281	Jinke Property Group	8,155.7	-3,180.1	+
282	282	China Railway Materials	8,099.7	103.5	+
283	283	China Tourism Group Duty Free	8,091.9	760.2	+
284	284	Agile Group Holdings	8,032.7	-2,227.1	+
285	285	Anta Sports Products	7,975.7	1,128.3	+
286	286	YTO Express Group	7,959.1	582.7	+
287	287	Skyworth Group	7,951.9	122.9	+
288	288	Air China	7,863.7	-5,740.8	+
289	289	Guangdong Electric Power Development	7,828.5	-446.6	+
290	290	Zhenshi Holding Group	7,761.1	741.5	+
291	291	Sunwoda Electronic	7,754.4	158.1	+
292	292	China Yangtze Power	7,739.3	3,167.8	+
293	293	Yunnan Tin	7,730	200.1	+
294	294	Sansteel MinguangFujian	7,679.4	20.6	+
295	295	Xinfengming Group	7,550	-30.5	+
296	296	Luoyang Guohong Investment Holding Group	7,550	176.4	+
297	297	SDIC Power Holdings	7,505.7	606.4	+
298	298	Shandong Gold Mining	7,478.4	177.1	+
299	299	Canadian Solar	7,468.6	240	+
300	300	Nanjing Pharmaceutical	7,465.9	88.6	+
301	301	Da Ming International Holdings	7,451.1	-26.5	+
302	302	Ningbo Joyson Electronic Corp.	7,402.2	58.6	+
303	303	Hubei Biocause Pharmaceutical	7,375.8	40.7	+
304	304	Chongqing Construction Engineering Group	7,333.3	22.5	+
305	305	NIO	7,324.2	-2,164.4	+
306	306	Guotai Junan Securities	7,297.2	1,710.6	+
307	307	Zhongyuan Bank	7,276.2	542.6	+
308	308	Semiconductor Manufacturing International	7,273.3	1,817.9	+
309	309	China Oriental Group	7,227.9	120	+
310	310	Shanghai Rural Commercial Bank	7,222.5	1,631.4	+
311	311	Xiamen Tungsten	7,168.8	215	+
312	312	Beijing Capital Development	7,123.9	-68.5	+
313	313	Guangzhou Development Group Incorporated	7,122.2	201.3	+
314	314	Xinxing Ductile Iron Pipes	7,100	249.1	+
315	315	Jiangsu High Hope International Group	7,099.9	-74.3	+
316	316	Yunda Holding	7,051.5	220.5	+
317	317	China National Gold Group Gold Jewellery	7,005.5	113.8	+
318	318	Lens Technology	6,942.2	363.9	+
319	319	Shenzhen Transsion Holdings	6,926.9	369.2	+
320	320	Goldwind Science & Technology	6,903.3	354.3	+
321	321	Sino-Ocean Group Holding	6,857.1	-2,368.2	+
322	322	China Eastern Airlines	6,854.8	-5,557.8	+
323	323	Zhejiang Chint Electrics	6,834.5	598.1	+
324	324	Li Auto	6,732.3	-299.1	+
325	325	Gansu Jiu Steel Group Hongxing Iron & Steel	6,631.8	-368.1	+
326	326	China Galaxy Securities	6,508.5	1,153.7	+
327	327	China Power International Development	6,494.8	393.7	+
328	328	China Risun Group	6,413.1	275.8	+
329	329	Jiangsu Guotai International Group	6,365.5	256.4	+
330	330	Hunan Yuneng New Energy Battery Material	6,361.2	447	+
331	331	Henan Shenhuo Coal & Power	6,348.3	1,125.5	+
332	332	Haitong Securities	6,240.7	973	+
333	333	Zjamp Group	6,215.9	90.7	+
334	334	Zoomlion Heavy Industry Science and Technology	6,188.8	348.9	+
335	335	Hangzhou Binjiang Real Estate Group	6,169.7	556.1	+
336	336	Baosheng Science and Technology Innovation	6,166.6	9.6	+
337	337	Orient International Enterprise	6,166	55	+
338	338	Ganfeng Lithium Group	6,150.1	3,048.1	+
339	339	BANK OF CHANGSHA	6,146.8	1,012.6	+
340	340	Anhui Truchum Advanced Materials and Technology	6,034.9	19.9	+
341	341	Kingfa Sci.&Tech.	6,007.7	296.1	+
342	342	Jiangsu Zhongtian Technology	5,986.6	477.8	+
343	343	Beijing United Information Technology	5,986.3	167.4	+
344	344	Sungrow Power Supply	5,984.6	534.2	+
345	345	China Railway Signal & Communication	5,979	540.2	+
346	346	Tianqi Lithium	5,971.5	3,559.6	+
347	347	Hebei Construction Group	5,947.3	48.6	+
348	348	Yango Group	5,934.3	-1,866.1	+
349	349	Shandong Sun Paper	5,911.7	417.5	+
350	350	Western Mining	5,911.1	512.3	+
351	351	Zhejiang Yongjin Metal Technology	5,880.2	72.3	+
352	352	Wuxi Apptec	5,850.4	1,310.2	+
353	353	Zhongliang Holdings Group	5,846.7	-200.2	+
354	354	Anyang Iron and Steel	5,832.6	-446.1	+
355	355	Shanghai Huayi Group	5,788.4	190.5	+
356	356	Chongqing Zhifei Biological Products	5,688.3	1,120.7	+
357	357	Shenzhen Neptunus Bioengineering	5,624.5	-152.7	+
358	358	Huadong Medicine	5,606.6	371.5	+
359	359	China Meheco Group	5,588.5	109.4	+
360	360	Shenzhen Energy Group	5,578.4	326.8	+
361	361	China International Capital	5,559.6	1,129.4	+
362	362	Shanghai International Port	5,542	2,560.5	+
363	363	China Huarong Asset Management	5,539.6	-4,100.2	+
364	364	China Northern Rare Earth (Group) High-Tech	5,539	889.5	+
365	365	Aecc Aviation Power	5,514.8	188.5	+
366	366	Transfar Zhilian	5,500	110.7	+
367	367	Bluefocus Intelligent Communications Group	5,453.2	-323.4	+
368	368	Anhui Jianghuai Automobile Group Corp.	5,437.6	-235.2	+
369	369	Chongqing Iron & Steel	5,435.2	-151.5	+
370	370	Yunnan Baiyao Group	5,424.3	446.1	+
371	371	China Securities	5,421.7	1,116	+
372	372	Shenzhen Tianxing Cloud Supply Chain	5,414.1	43.9	+
373	373	INNER MONGOLIA ERDOS RESOURCES	5,410.2	703.5	+
374	374	Eve Energy	5,396.9	521.6	+
375	375	Avary Holding (Shenzhen)	5,383.1	745	+
376	376	Pingdingshan Tianan Coal. Mining	5,358.3	851	+
377	377	Jizhong Energy Resources	5,357.1	662.7	+
378	378	Wintime Energy Group	5,285.7	283.8	+
379	379	ZTO Express (Cayman)	5,259.1	1,012.2	+
380	380	Radiance Holdings (Group)	5,250.3	253.5	+
381	381	Wuxi Taiji Industry	5,232	-110.4	+
382	382	Guangzhou R&F Properties	5,231.7	-2,339.4	+
383	383	Shanghai Aiko Solar Energy	5,214.2	346.1	+
384	384	Shan Xi Hua Yang Group New Energy	5,209.4	1,044.4	+
385	385	Shandong Nanshan Aluminium	5,195.8	522.6	+
386	386	Yongan Futures	5,169.7	100	+
387	387	Haidilao International Holding	5,164.6	204.3	+
388	388	Lingyi iTech (Guangdong)	5,126.5	237.3	+
389	389	Seres Group	5,070	-569.6	+
390	390	Shanying International Holdings	5,056.5	-335.4	+
391	391	JCET Group	5,019	480.3	+
392	392	Sto Express	5,005.5	42.8	+
393	393	China Daye Non-Ferrous Metals Mining	5,003.6	16.5	+
394	394	Gf Securities	4,943.8	1,178.8	+
395	395	Nongfu Spring	4,941.3	1,262.9	+
396	396	Sunny Optical Technology (Group)	4,935	357.9	+
397	397	Tianshan Aluminum Group	4,907	394	+
398	398	Wellhope Foods	4,877.8	76.3	+
399	399	Jiangsu Guoxin Corp.	4,822.3	10.1	+
400	400	Beijing Dabeinong Technology Group	4,816.1	8.3	+
401	401	Shanghai Bailian Group	4,797.1	101.7	+
402	402	Tsingtao Brewery	4,782.6	551.6	+
403	403	Zhengzhou Coal Mining Machinery Group	4,763.5	377.3	+
404	404	China Baoan Group	4,762	171.9	+
405	405	Huatai Securities	4,761.8	1,643.1	+
406	406	Shandong Chenming Paper Holdings	4,757.7	28.1	+
407	407	China Fortune Land Development	4,748.4	235.3	+
408	408	Chaowei Power Holdings	4,746.8	62	+
409	409	Bohai Leasing	4,745.5	-295.3	+
410	410	Risesun Real Estate Development	4,726.4	-2,424.8	+
411	411	Suzhou Dongshan Precision Manufacturing	4,694.7	352	+
412	412	Powerlong Real Estate Holdings	4,664.6	60.6	+
413	413	Beijing Oriental Yuhong Waterproof Technology	4,640.2	315.2	+
414	414	Yadea Group Holdings	4,617.3	321.3	+
415	415	Daqo New Energy Corp.	4,608.4	1,819.8	+
416	416	CSPC Pharmaceutical Group	4,599.1	905.5	+
417	417	Fiberhome Telecommunication Technologies	4,596.2	60.3	+
418	418	China Lesso Group Holdings	4,573.8	374.2	+
419	419	Qinghai Salt Lake Industry	4,570.9	2,313.8	+
420	420	Ming Yang Smart Energy Group	4,570.9	513.6	+
421	421	Zhejiang Int'l Group	4,551.8	31.5	+
422	422	Zhejiang Dahua Technology	4,543.8	345.5	+
423	423	Beijing Jingneng Power	4,531.9	119.4	+
424	424	Huaxin Cement	4,529.7	401.2	+
425	425	Shenzhen Mindray Bio-Medical Electronics	4,514.1	1,428.2	+
426	426	Cngr Advanced Material	4,510.9	229.5	+
427	427	Hubei Xingfa Chemicals Group	4,506	869.9	+
428	428	Shandong Hualu-Hengsheng Chemical	4,496.2	935	+
429	429	Ningbo Ronbay New Energy Technology	4,478.1	201.2	+
430	430	Jiangsu Yanghe Brewery Joint-Stock	4,475.4	1,394.1	+
431	431	Jiangling Motors	4,474.7	136	+
432	432	Shenzhen Gas	4,468.9	181.7	+
433	433	Konka Group	4,401.5	-218.7	+
434	434	Gem	4,369.4	192.6	+
435	435	Risen Energy	4,368.3	140.4	+
436	436	Oriental Energy	4,340.7	6.3	+
437	437	iQIYI	4,310.7	-20.2	+
438	438	Sino Biopharmaceutical	4,278.5	378.1	+
439	439	Yanlord Land Group	4,268.3	227.8	+
440	440	China Meidong Auto Holdings	4,259.8	77.5	+
441	441	Ningxia Baofeng Energy Group	4,226.4	936.9	+
442	442	Bright Dairy & Food	4,194.4	53.6	+
443	443	Shenergy	4,191.2	160.9	+
444	444	Fuyao Glass Industry Group	4,177.1	706.9	+
445	445	Meihua Holdings Group	4,153.1	655	+
446	446	Shenzhou International Group Holdings	4,130	678.3	+
447	447	Henan Mingtai Al.Industrial	4,129.9	237.6	+
448	448	SITC International Holdings	4,113	1,944.4	+
449	449	China Nonferrous Mining	4,094.7	263.7	+
450	450	Fufeng Group	4,084.4	574	+
451	451	Tian Di Science & Technology	4,075.7	290.2	+
452	452	Henan Yuguang Gold&Lead	4,030.5	63.2	+
453	453	Shenzhen Investment	4,027.7	266.3	+
454	454	Shanghai Industrial Holdings	4,003.2	295.5	+
455	455	XPeng	3,992.3	-1,358.6	+
456	456	Yuzhou Group Holdings	3,974.7	-1,786.1	+
457	457	China SCE Group Holdings	3,970	3.6	+
458	458	Tangrenshen Group	3,945.2	20.1	+
459	459	Guangxi Liugong Machinery	3,936.5	89.1	+
460	460	Shenzhen Tagen Group	3,934.1	289.9	+
461	461	Andon Health	3,912	2,383	+
462	462	Shanxi Xinghuacun Fen Wine Factory	3,896.9	1,203.5	+
463	463	Pang Da Automobile Trade	3,868.3	-214.2	+
464	464	Kailuan Energy Chemical	3,865.7	275.2	+
465	465	Zhenro Properties Group	3,849.6	-1,914.3	+
466	466	Huafon Chemical	3,847.9	422.8	+
467	467	Ninestar	3,843.6	276.9	+
468	468	Li Ning	3,835.9	604.1	+
469	469	Ningbo Zhoushan Port	3,821.2	627.4	+
470	470	Foshan Haitian Flavouring and Food	3,807.1	921.3	+
471	471	Kaisa Group Holdings	3,774.5	-1,942.2	+
472	472	Huaihe Energy (Group)	3,769.5	51.6	+
473	473	Chengtun Mining Group	3,769.5	-14.2	+
474	474	Luzhou Laojiao	3,734.8	1,540.9	+
475	475	Lee & Man Paper Manufacturing	3,725.1	151.4	+
476	476	China Development Bank Financial Leasing	3,724.4	498.2	+
477	477	Shanghai Maling Aquarius	3,714.6	74.7	+
478	478	Harbin Electric	3,714.1	14.7	+
479	479	Lianhua Supermarket Holdings	3,669.1	-31.5	+
480	480	Shanxi Meijin Energy	3,657	328.4	+
481	481	Beijing Urban Construction Investment & Development	3,651.3	-137.7	+
482	482	Baoye Group	3,631.1	104.8	+
483	483	Times China Holdings	3,630.8	-1,477.1	+
484	484	An Hui Wenergy	3,608.8	63.2	+
485	485	Dingdong (Cayman)	3,600.7	-121.1	+
486	486	Lb Group	3,590.9	508.3	+
487	487	Central China Real Estate	3,580.1	-1,124	+
488	488	Jiangxi Jovo Energy	3,560.9	162	+
489	489	Shenzhen Huaqiang Industry	3,559.1	141.6	+
490	490	China First Heavy Industries	3,550.9	15.3	+
491	491	China Three Gorges Renewables	3,539.9	1,063.7	+
492	492	Texhong International Group	3,538.9	23.3	+
493	493	Tangshan Sanyou Chemical Industries	3,520.2	147	+
494	494	Hoshine Silicon Industry	3,516.8	765.3	+
495	495	Eastern Air Logistics	3,489.1	540.6	+
496	496	Hopson Development Holdings	3,480.1	1,119	+
497	497	ZhongAn Online P&C Insurance	3,471.5	-201.6	+
498	498	Shaanxi Heimao Coking	3,448.9	41.3	+
499	499	China XLX Fertiliser	3,429.8	197.2	+
500	500	Inner Mongolia Mengdian Huaneng Thermal Power	3,428.9	261.9	+

METHODOLOGY for Fortune China 500

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