Mei Ri Jing Ji Xin Wen·2025-08-27 14:59Core Insights - Chengdu's local listed companies achieved a historic milestone in August with the emergence of two companies, Xinyi Technology and Baili Tianheng, surpassing a market capitalization of 100 billion yuan, marking the first time the city has seen "double billion" companies [1][5] - The market capitalization is a crucial indicator of a listed company's overall strength, and billion-yuan companies remain rare among over 5,000 listed companies in A-shares [1][5] - The ranking of Chengdu's listed companies has undergone significant changes, influenced by factors beyond just market valuation [1][5] Market Capitalization Rankings - As of August 26, the top ten Chengdu listed companies by market capitalization are: 1. Xinyi Technology: 2802.67 billion yuan 2. Baili Tianheng: 1363.40 billion yuan 3. Tongwei Co., Ltd.: 959.82 billion yuan 4. Chuan Investment Energy: 757.51 billion yuan 5. Chengdu Bank: 756.98 billion yuan 6. Sichuan Road and Bridge: 750.81 billion yuan 7. Dongfang Electric: 675.92 billion yuan 8. Kelun Pharmaceutical: 610.46 billion yuan 9. Shenghe Resources: 413.67 billion yuan 10. Zhong Wuyun Drone: 390.83 billion yuan [1][7] Historical Context - The first billion-yuan company in Chengdu was Guojin Securities, which reached a market cap of 1027.68 billion yuan in June 2015 but did not maintain this status for long [3][4] - From 2015 to 2019, the market capitalization rankings were dominated by four companies: Guojin Securities, Chuan Investment Energy, Kanghong Pharmaceutical, and Tongwei Co., Ltd., with market caps around 500 billion yuan [3][4] - In 2020, Tongwei Co., Ltd. broke the billion-yuan mark again, reaching 1730.4 billion yuan by year-end, leading to a new competitive landscape [4][5] New Entrants and Industries - The recent rankings feature new entrants such as Baili Tianheng, Xinyi Technology, and Jiachitech, with many companies representing emerging industries like AI, photovoltaic new energy, and innovative pharmaceuticals [8][9] - Xinyi Technology specializes in optical modules, facilitating data transmission in the digital world, while Baili Tianheng focuses on innovative ADC drug development for cancer treatment [9][10] Industrial Development - Chengdu has launched a future industry fund with an initial scale of 112 billion yuan, targeting sectors like humanoid robots, next-generation mobile communications, and gene therapy [10][15] - The city has developed two trillion-yuan industrial clusters in electronic information and equipment manufacturing, along with several other significant industry clusters [14][15]