List of Top 10 Chinese Companies Worldwide in 2018 and the Importance of Its Profits and Revenues

The American Business Journal, based in New York, in cooperation with China International Capital Corporation Limited, one of China's leading investment banking companies, unveiled the annual list of 500 plus China's largest public enterprises, China's net profit and profits have experienced unprecedented growth. According to the list published to measure the performance and achievements of the largest companies listed in China last year, the top 500 Chinese companies made more than $ 5.9 trillion in revenue, up 18.2% compared to last year. At 515.42 billion US dollars.

China's largest oil and gas companies, China Petroleum and Chemicals (also known as Sinopec) and PetroChina Ltd., continue to lead while China Construction Engineering Co. Ltd.

Among the other companies that have also made remarkable progress on the annual list, the Chinese Internet giant Tencent, which went from 43rd place last year to the 33rd, and Alibaba Holdings Group, the Chinese e-commerce giant, which also rose from 49th place ranking tenth among the ten largest technology companies, Tencent posted a profit of 10.7 billion US dollars, ranking seventh rank, while Alibaba ranked tenth with a net profit of 10.1 billion US dollars. The top ten Chinese companies contributed nearly 40% of the total profits of the country's top 500 Chinese companies, while the list also dominated the three largest banks, the state, where the net profit of the Industrial Bank and commercial The country's largest fund producer, China, has about 42.37 billion followed by China Construction Bank (CCB) with a net profit of 35.88 billion US dollars, followed by China Agricultural Bank Limited with a profit net of 28.58 billion US dollars.

Here are the top 10 Chinese companies of Fortune China this year:

. China Petroleum and Chemical Corporation

Revenue: 2.36 billion yuan ($ 349.54 billion).

Profit: 51.12 billion yuan ($ 7.57 billion)

2. China Petro China Petroleum Corporation

sales figure: 2.02 billion yuan (299.18 billion US dollars).

Profit: 22.79 billion yuan (3.38 billion dollars).

3. The General Society of Structural Engineering

Turnover: 1.05 billion yuan (155.51 billion US dollars).

Profit: 32.94 billion yuan (4.88 billion dollars).

4. Ping An Insurance Group Co., Ltd.

Revenue: 890.88 billion yuan (131.95 billion US dollars).

Profit: 89.09 billion yuan ($ 13.19 billion)

5. Shanghai Automotive Industry Co., Ltd. (SAIC)

Revenue: 870.64 billion yuan ($ 128.95 billion).

Profit: 34.41 billion yuan ($ 5.08 billion)

6. China Mobile Co., Ltd.

sales figure: 740.51 billion yuan (109.68 billion US dollars).

Profit: 114.28 billion yuan ($ 16.93 billion)

7. Industrial and Commercial Bank of China

Turnover: 726.5 billion yuan ($ 107.6 billion).

Profit: 286.05 billion yuan (42.37 billion dollars).

8. China Railway Group Co., Ltd. (CRCC)

Revenue: 693.37 billion yuan (102.69 billion US dollars).

Profit: 16.07 billion yuan ($ 2.38 billion)

9. China Railway Corporation (CRCC)

Revenue: 680.98 billion yuan ($ 100.86 billion).

Profit: 16.06 billion yuan (2.38 billion dollars).

10. China Life Insurance Co.

Revenue: 653.2 billion yuan ($ 96.74 billion).

Profit: 32.25 billion yuan (4.78 billion dollars).