Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
Total revenues of China’s top 500 companies in 2021 reached 102.48 trillion yuan, rising 14% from the previous year, marking the biggest increase in early a decade. The revenue exceeded 100 trillion yuan ($14.4 trillion) mark for the first time ever.
The China Enterprise Confederation (CEC) and China Enterprise Directors Association (CEDA) on Tuesday published the list of China’s top 500 companies in 2021, with the threshold for entry reaching 44.625 billion yuan in business revenue in fiscal 2021.
As revealed by the list, 22 Chinese firms newly joined the “100-billion-yuan revenue club” in fiscal 2021, making the total number of club members to 244. Meanwhile, a total of 12 firms saw their operating revenues exceed the 1-trillion-yuan threshold, of which four are new members.
In terms of profits, the most profitable firms in China are banks, Tencent, Huawei, China Mobile and Ping An Insurance.
The total net profit attributable to the parent companies of China’s top 500 firms reached 4.46 trillion yuan, an increase of 9.63% year-on-year. The average revenue margin was 4.36%, down 0.17 percentage points from the previous year.