The All-China Federation of Industry and Commerce has officially unveiled the 2026 rankings of China’s top 500 private enterprises in Tianjin, highlighting steady advancements in innovation, operational performance, and core market competitiveness across the private sector.
JD.com, Alibaba (China), and Hengli Group retained the top three spots, underscoring their market leadership. Across the board, 110 enterprises achieved operating revenues exceeding the 100-billion-yuan threshold (around 496 billion baht).
In 2025, total operating revenue for the top 500 firms reached 44.93 trillion yuan (approximately 223 trillion baht), up 4.35% year-on-year. Aggregate net profit stood at 1.83 trillion yuan (about 9.07 trillion baht), with 17 companies each generating a net profit surpassing 20 billion yuan. Within this group, manufacturing enterprises generated 32.22 trillion yuan in combined operating revenue, marking an 8.73% year-on-year increase.
Strategic shifts into high-value sectors gained notable traction. A total of 311 companies invested in 679 strategic emerging industry projects, while 82 firms launched 112 future industry initiatives, driving industrial transformation.
Innovation spending remained substantial. Participating firms in the top 500 invested a collective 1.26 trillion yuan (around 6.24 trillion baht) in research and development, representing an average R&D expenditure of 2.95% of total revenue. On the fiscal contribution front, the top 500 paid 1.3 trillion yuan in taxes in 2025, with 254 companies each paying more than 1 billion yuan in taxes.
This 28th annual large-scale private enterprise survey assessed 6,350 companies, each recording an operating revenue of over 1 billion yuan in 2025, before ranking the top 500 by operational scale.
VIA Xinhua
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