Sinopec topped the list of the Top 500 Chinese companies again with 2.02 trillion yuan (US$304 billion), according to the ranking released by Fortune China recently.
Fortune China ranked top 500 Chinese companies listed on domestic or overseas stock markets. The top three remained the same as last year.
Due to the sharp decrease of international oil prices last year, the revenues of two oil companies in China were significantly lower. However, they still clinched the first two spots on the list.
The top 500 Chinese companies had a combined 30.77 trillion yuan in revenue, up 1.2 percent from last year, and 2.74 trillion in profits, with a year-on-year growth of 1.5 percent.
According to the ranking, the real economy and virtual economy showed polarization. In 2015, internet companies fared very well boosted by the “Internet Plus” strategy as well as the increase of mass entertainment consumption.
On the other hand, the revenue and profits decreased significantly in cyclical industries including petroleum and petrochemical, construction machinery, coal and metal.
These are the top 10 Chinese companies in 2016:
China Railway Construction
Rank in 2015: 8
Revenue: 600.5 billion yuan (US$90 billion)
Profit: 12.6 billion yuan