The China Enterprise Confederation (CEC) on Monday released its "2025 Top 500 Chinese Enterprises" list, the 24th consecutive year the ranking has been published.
Widely regarded as a "barometer of China's economy", the list reveals continued expansion and improved quality among the nation's largest firms despite a complex global environment.
Collectively, the 2025 Top 500 Chinese enterprises generated 110.15 trillion yuan (about 15.47 trillion U.S. dollars) in total revenue. Net profit attributable to parent companies totaled 4.71 trillion yuan (about 661 billion U.S. dollars), a 4.39-percent increase year on year.
The entry threshold for the list climbed for the 23rd straight year, reaching 47.96 billion yuan (about 6.73 billion U.S. dollars).
Notably, the number of "100-billion-yuan club" enterprises -- those with annual revenues exceeding 100 billion yuan (about 14 billion U.S. dollars) -- grew significantly. In 2025, 267 companies surpassed this milestone, up by 14 from the previous year, accounting for 53.4 percent of the entire Top 500.
"Led by the Top 500 Chinese Enterprises, China's large companies have proactively navigated a complex and volatile external environment. Their overall scale continues to expand, and the quality of development is steadily improving. In 2025, the total assets of the Top 500 enterprises reached 460.85 trillion yuan (about 64.7 trillion U.S. dollars), up 7.46 percent year on year. These companies have played a powerful leading and driving role in advancing sci-tech innovation, industrial upgrading, and participation in global competition," said Zhu Hongren, a senior official of the CEC.
China unveils 2025 Top 500 firms with half boasting revenue of over 100 bln yuan
