Here are the top 10 Chinese public companies that have stayed profitable in 2022. As per markets, China Petroleum & Chemical Corporation will continue to be the world’s largest publicly traded Chinese firm in 2022. PetroChina Company Limited followed China State Construction Engineering Corporation Limited in second place.
Statistics revealed that the cumulative income of the companies on the list in 2020 surpassed 50,500 trillion yuan, an increase of 11% year over year and an amount that exceeded fifty percent of China’s gross domestic product in 2019, which was over 99 trillion yuan. The net income of these enterprises totaled 4,2 trillion yuan, an increase of over 16 percent from the prior year. The revenue requirement for inclusion on the list was 17.8 billion yuan, a nearly 10% increase over the previous year.
China Mobile Limited
China Mobile International Limited (CMI) is China Mobile’s wholly-owned subsidiary. China Mobile created CMI in December 2010 in Hong Kong, China, to provide enhanced services to fulfill the growing demand in the international telecommunications market. CMI has grown its presence to 36 nations and regions. CMI is a trusted partner delivering comprehensive international telecom services and solutions to foreign enterprises, carriers, and mobile customers using China Mobile’s strong support. Among the top 10 Chinese public companies that have stayed profitable in 2022, CMI is one of them.
China Life Insurance Company Limited
China Life Insurance (International) Company Limited is the parent company’s overseas business development strategic headquarters. It is a wholly-owned subsidiary of China Life Insurance (Group) Company, the largest state-owned financial insurance organization in China. The parent business has made significant efforts to develop modern insurance services and accomplish the “China Life Dream” of becoming a leading international financial insurance group. China Life Insurance (Overseas) Firm Limited has already established commercial networks in Hong Kong, Macau, Singapore, and Indonesia, with the assistance of its parent company.
Industrial and Commercial Bank of China Limited
Industrial and Commercial Bank of China Ltd. is China’s and the world’s largest bank. It is one of the four largest state-owned commercial banks in China (the other three being the Bank of China, Agricultural Bank of China, and China Construction Bank). It is the largest bank in the world by market capitalization, the largest bank by deposits, and the most profitable bank in the world. It was established as a limited liability corporation on January 1, 1984. As of 2009, its assets totaled RMB 11 trillion (US$1.6 trillion), and it operated over 18,000 locations worldwide, in addition to 106 international branches and agents. In July 2007, after a spike in its share price, it surpassed Citigroup as the world’s most valuable bank, with a market capitalization of $254 billion.
JD.com is China’s largest online and total retailer and the country’s largest Internet corporation by revenue. JD.com is the benchmark for online shopping due to its commitment to quality and authenticity and its large product selection, which includes everything from fresh food and clothing to gadgets and cosmetics. Its unrivaled statewide fulfillment network enables standard same-day and next-day delivery to more than one billion people – a level of service and speed that is unparalleled worldwide. As a technology-driven business, JD.com develops dependable and scalable platforms that deliver value to partners and customers in industries including e-commerce, shipping, Internet banking, cloud computing, and smart technology.
China Railway Group Limited
JD.com is China’s largest online retailer, overall retailer, and Internet corporation by revenue. China Railway Group Limited, or CREC, based in Beijing, has a 100-year history in engineering survey, design and construction, industrial equipment production, real estate development, resources and mining development, and financial investment, among other disciplines. CREC has been a Fortune Global 500 company for 17 years. In 2022, it placed 34th on Fortune Global 500 and 5th among China’s top 500 companies. In March 1950, its predecessors, the General Bureau of Construction and the General Bureau of Design were founded under the Ministry of Railways (MOR).
Ping An Insurance (Group) Company of China Ltd
Among the top 10 Chinese public companies that have remained profitable in 2022, Ping An Insurance Company, founded in 1988 in Shekou, Shenzhen, ranks top! It has evolved into Ping An Insurance (Group) Company of China, Ltd., one of China’s three largest integrated financial organizations. Ping An continues to prioritize the evolution of its business model inside China’s integrated financial and healthcare ecosystem. Ping An Insurance (Group) Company of China, Ltd. aspires to become the world’s preeminent retail financial services group. Integrating finance and healthcare is key to our operations. While guaranteeing sustainable growth in our core financial businesses, we are boosting investments in technology to equip them with world-leading financial technology (fintech) and health technology (healthtech) competencies.
China State Construction Engineering Corporation Limited
China State Construction Engineering Corporation, also known as China State Construction, was founded in 1982 and is today a global investment and construction group with professional development and market-driven operations. China State Construction engages in business management through its publicly traded company, China State Construction Engineering Corporation Ltd. (stock code 601668.SH), and has eight publicly traded companies and over one hundred secondary holding subsidiaries. China State Construction’s new contract value reached RMB2.63 trillion in 2018, and it rated 23rd on the Fortune Global 500 and 44th on the Brand Finance Global 500. In 2018, S&P, Moody’s, and Fitch assigned it an A rating, the highest in the worldwide construction business.
PetroChina Company Limited
China National Petroleum Corporation was restructured on November 5, 1999, resulting in the formation of PetroChina Corporation Limited as a joint stock limited liability company (CNPC). On April 6, 2000, the American Depositary Shares (ADS), H shares, and A shares of the firm were listed on the New York Stock Exchange, the Stock Exchange of Hong Kong Limited (“HKSE” or “Hong Kong Stock Exchange”), and the Shanghai Stock Exchange, respectively. PetroChina is one of China’s largest oil and gas producers and distributors and a prominent player in the worldwide oil and gas business. We operate in various oil, gas, and new energy-related activities and provide energy and oil products for economic and social growth in a sustainable manner.
China Petroleum & Chemical Corporation
Among the top 10 Chinese public companies that have stayed profitable in 2022, China Petroleum & Chemical Corporation, also known as Sinopec Corp, ranks at the top. A publicly traded firm with integrated upstream, midstream and downstream activities, strong oil & petrochemical core businesses, and a comprehensive marketing network, China Petrochemical Corporation was founded on February 25, 2000, following the Company Law of the People’s Republic of China. On October 18 and 19, 2000, 16,78 billion H shares were listed on the Hong Kong, New York, and London stock exchanges. On August 8, 2001, 2,8 billion A shares were listed on the Shanghai Stock Exchange. As of the end of 2017, the total number of shares held by the corporation was close to 121.1 billion, including 95.6 billion domestic A shares and 25.5 billion international H shares.
First, thank you for your precious time reading the stories (without paywalls) I publish on Startups to Enterprises covering the EU, China, the US, and India. Second, I request you to contribute financially (any amount) to help me sustain this as an independent digital business news media.
If I receive a request for a sponsored post, I ensure I see merit that is meaningful for erudite and informed readers like you. In the bargain, I lose out on sponsorships wherein I need funds to sustain this effort. Your contribution helps me stay afloat.
Please note that your contribution is treated as revenue generated and not a donation; hence, there are no 80G or other donation certificates. In fact, as I am eligible to pay for the revenue generated, I will pay taxes on the same.
You deserve to know that I abide by journalistic ethics and practices to ensure I tell the stories as is, unbiased. You can follow us on Facebook, Linkedin, and Twitter, bookmark us on Google News, and finally, PayPal us here.