China’s top 10 companies by revenue in 2023 include PetroChina, Sinopec, China State Construction Engineering, China Railway Group, China Railway Construction, Jingdong Mall, Ping An Insurance, ICBC, China Mobile, and China Construction Bank. These companies operate in various industries such as energy, construction, e-commerce, insurance, and financial services, contributing to China’s economic growth. These companies showcase China’s dominance in the global business landscape.
1. PetroChina
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $480690 Millions
Stock symbol: 601857.SS
PetroChina, founded in 1999, is headquartered in Beijing, China. It operates in multiple countries, with operations in more than 30 countries worldwide. PetroChina is primarily engaged in the exploration, production, refining, and marketing of oil and gas. It offers a wide range of products and services, including crude oil, natural gas, refined products, and petrochemicals. PetroChina is known for its strong brand presence and is one of the largest oil and gas companies globally.
2. Sinopec
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $471590 Millions
Stock symbol: 600028.SS
Sinopec, founded in 2000, is headquartered in Beijing, China. It operates in multiple countries, with a presence in more than 30 countries worldwide. Sinopec is primarily engaged in the exploration, production, refining, and marketing of petroleum and petrochemical products. It is one of the largest oil and gas companies in China and operates under various brands, including Sinopec, Easy Joy, and Great Wall.
3. China State Construction Engineering
Industry: construction
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $315960 Millions
Stock symbol: 601668.SS
China State Construction Engineering Home Page
China State Construction Engineering Corporation (CSCEC) is headquartered in Beijing, China and was founded in 1957. It operates in multiple countries, with a presence in over 100 countries worldwide. CSCEC is primarily engaged in construction and engineering activities, including infrastructure development, building construction, and real estate development. The company offers a wide range of products and services, such as residential and commercial buildings, transportation infrastructure, energy projects, and industrial facilities. CSCEC is known for its expertise in construction and has established several well-known brands in the industry.
4. China Railway Group
Industry: construction
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $174080 Millions
Stock symbol: 0390.HK
China Railway Group is headquartered in Beijing, China and was founded in 1950. It operates in multiple countries, including China, Australia, Malaysia, and Algeria. The company is primarily engaged in the construction and engineering of railways, highways, bridges, and tunnels. It also provides services such as surveying, design, and consulting. China Railway Group is known for its expertise in infrastructure development and is recognized for its brand as a leading construction company in China.
5. China Railway Construction
Industry: construction
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $163730 Millions
Stock symbol: 601186.SS
China Railway Construction Home Page
China Railway Construction Corporation Limited (CRCC) is headquartered in Beijing, China and was founded in 2007. It operates in multiple countries, with a presence in over 100 countries worldwide. CRCC is primarily engaged in the construction and engineering industry, specializing in infrastructure projects such as railways, highways, bridges, and urban development. The company also provides services in design, survey, consultation, and project management. CRCC is recognized for its expertise and has established itself as a leading player in the global construction market.
6. Jingdong Mall
Industry: e-commerce
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $155180 Millions
Stock symbol: JD
Jingdong Mall, founded in 1998, is headquartered in Beijing, China. It operates in multiple countries, with a presence in over 80 countries worldwide. The company’s main activities revolve around e-commerce, offering a wide range of products and services such as electronics, fashion, home appliances, and more. Jingdong Mall is known for its reliable delivery services and is recognized as one of the leading e-commerce platforms in China.
7. Ping An Insurance
Industry: insurance
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $154640 Millions
Stock symbol: 601318.SS
Ping An Insurance is headquartered in Shenzhen, China, and was founded in 1988. It operates in multiple countries, with a presence in over 70 countries worldwide. The company’s main activities revolve around providing insurance and financial services. Ping An offers a wide range of products and services, including life insurance, property and casualty insurance, health insurance, and asset management. It is also known for its innovative technology-driven solutions and has established itself as a leading brand in the insurance industry.
8. ICBC
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $141810 Millions
Stock symbol: 1398.HK
ICBC, also known as Industrial and Commercial Bank of China, has its headquarters in Beijing, China. It was founded in 1984 and operates in numerous countries worldwide, including the United States, Canada, Australia, and many others. ICBC is primarily engaged in banking and financial services, offering a wide range of products and services such as personal and corporate banking, asset management, insurance, and investment banking. It is one of the largest banks globally and has established itself as a prominent brand in the financial industry.
9. China Mobile
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $139190 Millions
Stock symbol: 0941.HK
China Mobile is headquartered in Beijing, China and was founded in 1997. It operates in multiple countries, with a presence in 31 countries and regions worldwide. The company’s main activities include providing mobile telecommunications services, internet services, and digital content services. China Mobile offers a wide range of products and services, including mobile voice and data services, broadband services, and value-added services. It is one of the leading telecommunications companies in China and operates under the brand name “China Mobile.”
10. China Construction Bank
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $125470 Millions
Stock symbol: 601939.SS
China Construction Bank Home Page
China Construction Bank is headquartered in Beijing, China and was founded in 1954. It operates in multiple countries, with a presence in over 30 countries worldwide. The bank’s main activities include commercial banking, investment banking, asset management, and insurance services. It offers a wide range of products and services such as loans, deposits, credit cards, wealth management, and corporate banking. China Construction Bank is recognized as one of the “Big Four” banks in China and is known for its strong brand reputation and extensive network.
More: An Analysis of the Chinese Economic System
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