Tencent and Alibaba among ten most profitable listed firms
Ten companies in Fortune China's Top 500 Enterprises account for nearly 40% of the profits of the entire group
Fortune China has issued the latest Top 500 Enterprises, while Internet giant Tencent and e-commerce giant Alibaba have made into the top 10 most profitable companies, Sina Finance reported.
In terms of profitability, the ten most profitable listed companies are China Mobile, Tencent and Alibaba, in addition to several major commercial banks and insurance companies.
These ten companies have created nearly 40% of the profit of the Top 500 largest listed companies.
Meanwhile, the Top 500 continues to be led by Sinopec, PetroChina and China State Construction Engineering.
The annual Top 500 ranking is an assessment of the performance of Chinese listed companies worldwide in 2017.
The annual revenue threshold for companies on the list this year was 13.86 billion yuan (US$2.09 billion), an increase of 22.44% after the first breakthrough of 10 billion yuan last year.