Chinese Website of the Fortune released List of Top 500 Enterprises of China

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Category: Ningbo Business

Published: Tuesday, 17 July 2012 10:09

On July 13, the Chinese Website of the Fortune released the list of Top 500 Enterprises of China, on which Sinopec Corp., PetroChina, and China Mobile are the top three. The top one Sinopec Corp. has its net profit reaching 71.697 billion yuan. Industrial & Commercial Bank Of China ranks the 5th, as the biggest money maker. On the list are 29 companies of Zhejiang, including Long Yuan Construction Group Co.,Ltd., Youngor Group, Ningbo Construction Engineering Co., Ltd., Bank of Ningbo and Ningbo Port Co., Ltd..

The threshold for the list is 1.47 billion yuan higher than the last year, rising to 6.208 billion yuan. This year, the total income of the Top 500s reaches 23.7 trillion yuan, increased by 25% over the previous year, and covering 50.4% of the GDP of China. The total net profit reaches 2.1 trillion, increased by 12.8% over the previous year.

Of the 40 most profitable companies, Industrial and Commercial Bank of China ranks the 1st for its business income of 475.2 billion yuan and net profit of 208.2 billion.