The "2025 Top 500 Chinese Enterprises" list was released on the 15th: the entry threshold has risen for 23 consecutive years, reaching 47.96 billion RMB (28.34 billion MYR); net profit attributable to parent companies was 4.71 trillion RMB (2.78 trillion MYR), an increase of 4.39% over last year; the number of companies with revenue exceeding 100 billion RMB increased to 267.
According to Xinhua News Agency, large enterprises represented by the "Top 500" have delivered impressive results: in 2024, the total revenue of the Top 500 Chinese Enterprises reached 110.15 trillion RMB (65.09 trillion MYR); total assets were 460.85 trillion RMB (272.32 trillion MYR), an increase of 7.46% over last year; and the net profit margin on revenue rose to 4.27%.
Since the "14th Five-Year Plan" period, the overall scale of the Top 500 Chinese Enterprises has reached a new level, with the entry threshold rising by more than 8.7 billion RMB (5.141 billion MYR), and total revenue and total assets increasing by over 22% and 34% respectively.
In terms of resource investment, the average R&D intensity of the listed companies has increased for eight consecutive years, reaching a new high of 1.95%. Among them, nine companies, including Trip.com Group, Huawei, and ZTE Corporation, have R&D intensity exceeding 10%.
As for innovation achievements, the total number of valid patents held by the listed companies has reached 2.2437 million, an increase of more than 10% over last year. Among these, invention patents—considered a stronger indicator of innovation—have increased for six consecutive years, reaching 1.0396 million.
The latest report indicates that Chinese enterprises are optimizing their layouts with an emphasis on "new" industries. Fields like new energy equipment manufacturing, power and energy storage batteries, communication equipment and computer manufacturing, and semiconductor and panel manufacturing have shown growth. This year, the number of advanced manufacturing companies on the list reached 32, an increase of 9 since the end of the "13th Five-Year Plan" period. At the same time, the share of revenue and profit from strategic emerging industries among the "Top 100 Chinese Strategic Emerging Industry Leading Enterprises" has both exceeded 40% of the total.
While the number of advanced manufacturing and emerging industry enterprises on the list continues to grow, the number of companies engaged in coal mining and property development has continued to decline.
Notably, in recent years, the number of private enterprises among the "Top 500" has generally maintained an upward trend. On this year's list, state-owned enterprises and private enterprises "split the list evenly," with 251 and 249 companies, respectively.
The report says that what makes large enterprises "big" is not just their scale, but also their sense of responsibility and commitment. Looking to the future, it is expected that, led by the "Top 500," China's large enterprises will serve as role models, further stimulating innovation and creativity, and making every effort to promote high-quality development.