The All-China Federation of Industry and Commerce has released data from its 28th survey of large private enterprises, covering 6,350 companies with revenue above 1 billion yuan in 2025. The top 500 by revenue make up the 2026 China Top 500 Private Enterprises list. According to the figures, the group generated 44.93 trillion yuan in total revenue in 2025, with average revenue per company at 89.851 billion yuan, up 4.35% year on year. Total assets reached 53.74 trillion yuan, while net profit came in at 1.83 trillion yuan. Manufacturing remained the dominant segment by company count and revenue. The survey also reported 1.26 trillion yuan in R&D spending, 1.97 trillion yuan in exports, 1.30 trillion yuan in taxes, and total employment of 11.9633 million people. Twenty-nine companies from the group made this year’s Fortune Global 500 list.
The All-China Federation of Industry and Commerce carried out its 28th survey of large private enterprises, with 6,350 companies taking part. All participating firms reported revenue of more than 1 billion yuan in 2025. The 500 companies with the highest revenue form the 2026 China Top 500 Private Enterprises list.
In 2025, the top 500 private enterprises recorded total revenue of 44.93 trillion yuan, or an average of 89.851 billion yuan per company, up 4.35% from a year earlier. Total assets reached 53.74 trillion yuan, with average assets of 107.479 billion yuan per company, up 5.05%.
Twenty-nine companies made this year’s Fortune Global 500 ranking.
Net profit for the 500 companies totaled 1.83 trillion yuan, or 3.652 billion yuan per company on average, up 1.31%. By sector mix, companies in the secondary industry and manufacturing accounted for 74.40% and 70.60% of the total, respectively. Manufacturing revenue came to 32.22 trillion yuan, up 8.73%.
Among other reported indicators, firms that submitted full data posted total R&D spending of 1.26 trillion yuan, with average R&D intensity at 2.95%. Total exports were 1.97 trillion yuan, up 11.25%. Total tax payments reached 1.30 trillion yuan, and total employment stood at 11.9633 million people.
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