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6 Xiamen-based companies rank among China's top 500

chinadaily.com.cn| Updated: July 18, 2023 L M S

On July 12, Fortune magazine announced the 2023 list of China's top 500 publicly-listed companies. Six companies based in Xiamen made the cut. These include Xiamen C&D Co, Xiamen Xiangyu Co, Xiamen ITG Group Corp, Xiamen Xinde Co, Xiamen Tungsten Co, and Chengtun Mining Group Co.

The ranking reflects is based on China's publicly-traded companies' performance over the past year. The 500 companies on the list generated a combined total revenue of 65.8 trillion yuan ($9.17 trillion), with a net profit of 4.7 trillion yuan. The threshold to make the list was nearly 23.7 billion yuan.

Three state-owned enterprises based in Xiamen, C&D, Xiangyu, and ITG, lead Fujian's SOE ranking. The top privately-owned companies in Fujian are Contemporary Amperex Technology Co and Zijin Mining Group Co, ranked 44th and 51st, respectively, on the Fortune 500 list.


A view of Xiamen. [Photo provided to chinadaily.com.cn]

Why Xiamen

  • About Xiamen

    Xiamen is one of the most economically competitive cities in China and was one of the first Special Economic Zones on the Chinese mainland. As a vice-provincial city independently listed on the State development plan, it has provincial-level authority in economic administration and local legislative power. In 2010, the Xiamen SEZ was expanded to cover the entire municipality. Today, Xiamen is a modern and international port city.

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