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China's top 10 most profitable companies

2018-7-12 9:04:11

Chinese internet giants Tencent and Alibaba have become two of the top 10 most profitable companies in the country, according to China's latest Fortune 500 list, released on Tuesday.

The list, compiled by Fortune China and CICC Wealth Management, examines the performance and achievements of China's largest listed companies over the past year.

The 500 companies on the list saw total revenue of 39.65 trillion yuan ($5.96 trillion), up 18.22 percent from the previous year. Net profit rose 24.24 percent to 3.48 trillion yuan. The threshold of annual revenue for being included in this year's list is 13.86 billion yuan, up 22.44 percent from a year earlier.

Let's take a look at the top 10 most profitable companies in China. 

No 10 Alibaba Group Holding Ltd

Profits: 67.07 billion yuan

No 9 China Merchants Bank

Profits: 70.15 billion yuan

No 8 Bank of Communications

Profits: 70.22 billion yuan

No 7 Tencent Holdings Ltd

Profits: 71.51 billion yuan

No 6 Ping An Insurance (Group) Co

Profits: 89.09 billion yuan

No 5 China Mobile

Profits: 114.28 billion yuan

No 4 Bank of China

Profits: 172.41 billion yuan

No 3 Agricultural Bank of China 

Profits: 192.96 billion yuan

No 2 China Construction Bank 

Profits: 242.26 billion yuan

No 1 Industrial and Commercial Bank of China 

Profits: 286.01 billion yuan

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