China releases list of top 500 manufacturing firms for 2025

China

China releases list of top 500 manufacturing firms for 2025

2025-09-21 13:41 Last Updated At：09-22 00:07

The list of 2025 China's Top 500 Manufacturing Enterprises was released Saturday at the World Manufacturing Convention in Hefei, east China's Anhui Province.

Jointly issued by the China Enterprise Confederation (CEC) and the China Enterprise Directors Association (CEDA), the ranking has been published for 21 years in a row, highlighting the consistent progress of China's manufacturing sector.

Based on companies' operating revenue, the list shows that the threshold for entry rose from 11.09 billion yuan (about 1.56 billion U.S. dollars) at the end of the 13th Five-Year Plan period (2016-2020) to 17.37 billion yuan in 2024. Meanwhile, the combined operating revenue of the top 500 companies increased from 40.24 trillion yuan to 51.68 trillion yuan.

The resilience of manufacturing enterprises in export activities has steadily improved, with the share of their overseas revenue increasing to 19.10 percent, showcasing the global competitiveness of China's manufacturing.

According to the list, promoting innovation-driven development has become a hallmark of the top 500 enterprises. Their research and development spending intensity rose to 2.45 percent, with more than 1.66 million effective patents, nearly half of which were invention patents.

Sectors including manufacturing of communications equipment, computers, and office devices recorded average revenue growth of over 10 percent, while the semiconductor, integrated circuit, and panel manufacturing industries saw average profit growth of more than 100 percent.

"Innovation-oriented enterprises stand out in the ranking. Through continuous technological research and development and business model innovation, they have become an important driving force of new quality productive forces," said Yang Du, professor at the Renmin Business School under the Renmin University of China.

The industrial structure of China's manufacturing sector has been optimized during the 14th Five-year Plan period (2021-2025). On one hand, traditional industries saw accelerated transformation and upgrading, with the investment in research and development continuing to increase. On the other hand, China's strategic emerging industries have achieved steady growth, and the old growth drivers are replaced by new ones at a faster pace. The new quality productive forces driven by scientific and technological innovation is injecting strong momentum into the high-quality development of China's manufacturing sector.

"Spurring industrial innovation by making innovations in science and technology, “accelerating the cultivation and development of new quality productive forces play key roles in upgrading industrial structures and improving the quality of economic development. The increasing number of advanced manufacturing enterprises on the list reflects a positive interaction between the accelerated cultivation of new drivers of growth and upgrading of traditional ones," said Zhu Hongren, secretary-general of China Enterprise Confederation.

Call for Maduro's release continues as Venezuela moves to deal with aftermath of U.S. military strike

Two weeks after a major U.S. military strike on Venezuela and the and the illegal capture of President Nicolas Maduro, the Venezuelan government has begun to implement a series of recovery and post-conflict initiatives.

On Saturday, Venezuela's acting president Delcy Rodriguez ordered the immediate start of repair work on buildings damaged during the attack.

Post-conflict cleanup and restoration efforts are now steadily advancing across Caracas. The Fuerte Tiuna military base was one of the areas most severely damaged in the U.S. airstrikes, with over 463 apartments sustaining damage. Rodriguez said that most of the aid needed for housing repairs has already been secured.

She also announced the launch of several special community programs. These initiatives include special care activities and psychological support services for children in affected communities. The government also plans to implement food supply deployments, set up open-air markets, establish mobile supply points, and provide comprehensive assistance, including medical and health services.

Meanwhile, legal experts and representatives from social organizations across Venezuela have voiced strong condemnation against the U.S. actions during a legal conference held on Friday.

They demanded that the United States respect international law and Venezuelan sovereignty by immediately releasing President Maduro and his wife, Cilia Flores, who were forcibly removed from the country.

"What we are demanding from Venezuela is that international law must be respected and saved, because once we fall into a state of disorder, what follows is war. We have already seen peace being trampled upon. The sovereignty of a country, officially declared a 'territory of peace' by the international community, has been violated. This has never happened before," said Indhriana Parada Rodriguez, a Venezuelan legal professional.

"We firmly demand the release of President Maduro and his wife, Cilia Flores. They were forcibly taken from their homeland in violation of all basic norms of international law," said Silio Sanchez, vice rector of territorial development of the Bolivarian University of Venezuela.