Sou Hu Cai Jing·2025-09-15 14:23Core Insights - The "China Top 500 Enterprises" list was released on September 15, 2023, with Shenzhen having 26 companies listed, including 8 in the top 100 [1][7] - The total revenue of the top 500 enterprises reached 110.15 trillion yuan, marking an increase from the previous year, with the entry threshold rising for 23 consecutive years to 47.96 billion yuan [1][7] - China Ping An ranked 12th with a revenue of 1,140.814 billion yuan, maintaining stable overall performance and a recovery in core business [1][3] Company Rankings - The top 10 companies by revenue include State Grid Corporation (39,459.28 billion yuan), China Petroleum & Chemical Corporation (29,319.56 billion yuan), and China Ping An (1,140.814 billion yuan) [3][6] - Huawei ranked 23rd with a revenue of 862.1 billion yuan and a net profit of 62.6 billion yuan, leading in R&D investment at 179.687 billion yuan [3][4][6] - BYD ranked 26th with a revenue of 531.95 billion yuan in R&D investment, emphasizing its commitment to innovation in the electric vehicle sector [4][6] R&D Investment - Huawei leads in R&D spending with 179.687 billion yuan, followed by BYD with 53.195 billion yuan [4][6] - BYD has consistently invested heavily in R&D, exceeding its annual net profit for 13 out of the last 14 years, employing over 120,000 R&D personnel [4][6] - Other notable companies in R&D spending include China Construction Corporation (45.459 billion yuan) and China Mobile (38.066 billion yuan) [6] Industry Overview - Shenzhen's companies span various sectors, including electronics, power, telecommunications, and new energy, contributing to the city's economic development [7] - The city is accelerating its transformation into a global advanced manufacturing hub, focusing on high-quality industrial upgrades and the integration of advanced manufacturing with modern services [7]