xi's moments

Institute ranks China's top 100 companies by revenue

By Zheng Xin | chinadaily.com.cn | Updated: 2018-11-23 21:06

Filephoto of Power Construction Corporation of China. [Photo/IC]

Companies including Power Construction Corporation of China, China National Pharmaceutical Group and China Railway Rolling Stock Corporation are among China's top 100 companies according to a ranking mainly based on companies' mass profits by the Wortan Economic Studies Institute on Friday in Beijing.

China's top 100 companies contribute 92 percent of the total profits of the listed companies, with their gross GDP contributing 75 percent of the country's total GDP, said Shen Hanyao, head of the Wortan Economic Studies Institute.

The China Business Top 100 forum has focused on revving up cooperation among the top listed companies in China and cities with potential for vigorous economic growth such as Suzhou, Jinan, Suzhou, Lanzhou and Wuxi, he said.

According to Shen, strategic cooperation among the top-listed companies and those potential cities also aligns with the national strategy of promoting the integrated development of the Yangtze River Delta region, which will help both Shanghai as a financial and innovation center and the Yangtze River Delta gain more significance, not only in China, but in the whole world.

It will help the surrounding Yangtze River Delta region to gain more of an economic spillover effect, he said.

This is the 18th time that the institute has come up with rankings of top-listed companies, based mainly on total revenue, reflecting the scale and profitability of the companies.

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