List of largest Chinese companies
This article lists the largest companies in China in terms of their revenue, net profit and total assets, according to the American business magazines Fortune and Forbes. In 2014, Fortune's Global 500 list of the world's largest corporations included 95 Chinese companies, with combined revenues of US$5.8 trillion.[1] That same year, Forbes reported that five of the world's ten largest public companies were Chinese, including the world's largest bank by total assets, the Industrial and Commercial Bank of China.[3] Many of China's largest companies are state-owned enterprises, due to the significant presence of the governing Chinese Communist Party in the national economy.[4]
2014 Fortune list
This list displays the twenty largest Chinese companies according to the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in billions of US dollars and are for the fiscal year 2014.[1] Also listed are the headquarters location, net profit and industry sector of each company.[1]
| Rank | Fortune 500 rank | Name | Headquarters | 2014 revenue (billions US$)[1] | 2014 net profit (billions US$)[1] | Industry | Type |
|---|---|---|---|---|---|---|---|
| 1 | 3 | Sinopec Group | Beijing | 457.201 | 8.932 | Oil | Public, State-owned |
| 2 | 4 | China National Petroleum | Beijing | 432.007 | 18.504 | Oil | State-owned |
| 3 | 7 | State Grid Corporation | Beijing | 333.386 | 7.982 | Utilities | State-owned |
| 4 | 25 | Industrial and Commercial Bank of China | Beijing | 148.802 | 42.718 | Banking | Public company, State-owned |
| 5 | 38 | China Construction Bank | Beijing | 125.397 | 34.912 | Banking | Public, State-owned |
| 6 | 47 | Agricultural Bank of China | Beijing | 115.392 | 27.050 | Banking | State-owned |
| 7 | 52 | China State Construction Engineering | Beijing | 110.811 | 1.853 | Construction | State-owned |
| 8 | 55 | China Mobile | Beijing | 107.647 | 9.197 | Telecommunications | State-owned |
| 9 | 59 | Bank of China | Beijing | 105.622 | 25.520 | Banking | Public, State-owned |
| 10 | 76 | Noble Group | Hong Kong | 97.878 | 0.234 | Conglomerate | Public |
| 11 | 79 | China National Offshore Oil | Beijing | 95.971 | 7.700 | Oil | State-owned |
| 12 | 80 | China Railway Construction | Beijing | 95.746 | 0.986 | Construction | Public, State-owned |
| 13 | 85 | SAIC Motor | Shanghai | 92.024 | 4.034 | Automotive | Public, State-owned |
| 14 | 86 | China Railway Engineering | Beijing | 91.152 | 1.524 | Construction | State-owned |
| 15 | 98 | China Life Insurance | Beijing | 80.909 | 0.594 | Insurance | Public, Government-owned |
| 16 | 107 | Sinochem Group | Beijing | 75.939 | 0.755 | Oil/Chemicals | Government-owned |
| 17 | 111 | FAW Group | Changchun | 75.005 | 3.263 | Automotive | State-owned |
| 18 | 113 | Dongfeng Motor Group | Wuhan | 74.008 | 1,.48 | Automotive | State-owned |
| 19 | 115 | China Southern Power Grid | Guangzhou | 72.697 | 1.325 | Utilities | State-owned |
| 20 | 122 | China Development Bank | Beijing | 71.305 | 12.949 | Banking | Government-owned |
2014 Forbes list
This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The Forbes list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry sector of each company. The figures are in billions of US dollars and are for the fiscal year 2014.[2]
| Rank | Forbes 2000 rank | Name | Headquarters | Revenue (billions US$)[2] | Profit (billions US$)[2] | Assets (billions US$)[2] | Market value (billions US$)[2] | Industry |
|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Industrial and Commercial Bank of China | Beijing | 148.7 | 42.7 | 3,124.9 | 215.6 | Banking |
| 2 | 2 | China Construction Bank | Beijing | 121.3 | 34.2 | 2,449.5 | 174.4 | Banking |
| 3 | 3 | Agricultural Bank of China | Beijing | 136.4 | 27 | 2,405.4 | 141.1 | Banking |
| 4 | 9 | Bank of China | Beijing | 105.1 | 25.5 | 2,291.8 | 124.2 | Banking |
| 5 | 10 | PetroChina | Beijing | 328.5 | 21.1 | 386.9 | 202 | Oil |
| 6 | 29 | Sinopec Group | Beijing | 445.3 | 10.9 | 228.4 | 94.7 | Oil |
| 7 | 62 | Ping An Insurance | Shenzhen | 59 | 4.6 | 552.8 | 66.1 | Insurance |
| 8 | 65 | Bank of Communications | Shanghai | 46.6 | 10.1 | 942.2 | 48.7 | Banking |
| 9 | 66 | China Life | Beijing | 68.4 | 4 | 327.2 | 79.8 | Insurance |
| 10 | 102 | China Merchants Bank | Shenzhen | 32.2 | 8.1 | 634.7 | 45.2 | Banking |
| 11 | 121 | China Minsheng Banking | Beijing | 34.1 | 6.8 | 541.2 | 33.6 | Banking |
| 12 | 124 | China Shenhua Energy | Beijing | 42.8 | 7.2 | 80.4 | 57.6 | Mining |
| 13 | 129 | Industrial Bank Co. | Fuzhou | 32.7 | 6.7 | 593.5 | 28.8 | Banking |
| 14 | 130 | Shanghai Pudong Development Bank | Shanghai | 31.7 | 6.7 | 607.9 | 29.2 | Banking |
| 15 | 134 | China CITIC Bank | Beijing | 27.8 | 5.7 | 555.6 | 32.5 | Banking |
| 16 | 150 | China Telecom | Beijing | 52.3 | 2.9 | 89.7 | 37.4 | Telecommunications |
| 17 | 175 | SAIC Motor | Shanghai | 88.3 | 4 | 56.4 | 24.7 | Automotive |
| 18 | 206 | China Everbright Bank | Beijing | 21.2 | 4.2 | 404.2 | 18.6 | Banking |
| 19 | 223 | China State Construction Engineering | Beijing | 88.1 | 2.5 | 123.4 | 14 | Construction |
| 20 | 227 | China Pacific Insurance | Shanghai | 33.2 | 1.6 | 118.6 | 23.2 | Insurance |
References
- 1 2 3 4 5 6 "Global 500". Fortune. 2014. Retrieved 27 January 2015.
- 1 2 3 4 5 6 "The World's Biggest Public Companies (China)". Forbes. 2014. Retrieved 27 January 2015.
- ↑ "The World's Largest Companies: China Takes Over The Top Three Spots". Forbes. 7 May 2014. Retrieved 27 January 2015.
- ↑ "State-owned enterprises: Fixing China Inc". The Economist. 30 August 2014. Retrieved 6 February 2015.
