Di Yi Cai Jing·2025-11-15 10:16Core Insights - The report reveals that in 2024, 5,091 listed companies in China contributed approximately 39,727 billion yuan in actual tax payments, remaining stable compared to 2023, accounting for about 22.7% of the national tax revenue [1][2] Group 1: Tax Contributions and Distribution - The top 100 listed companies contributed around 73% of the total tax payments, indicating a significant concentration of tax contributions among a small percentage of companies [3] - Major contributors include China National Petroleum (3,961 billion yuan) and Sinopec (3,313 billion yuan), followed by major banks and companies like Agricultural Bank of China and China Mobile, each exceeding 1,000 billion yuan in tax payments [3] - The average tax payment per listed company was 7.8 million yuan, with a median of 0.53 million yuan [4] Group 2: Industry Contributions - The mining, financial, and manufacturing sectors accounted for nearly 77% of the total tax contributions from listed companies, with the mining sector alone contributing about 1 trillion yuan [4][9] - The manufacturing sector saw the highest growth in tax contributions, increasing by approximately 226 million yuan, while the real estate sector experienced the largest decline at -28% [9] Group 3: Ownership Structure and Tax Burden - State-owned enterprises represented about 30% of listed companies but contributed nearly 80% of the total tax payments, highlighting the dominance of state-owned firms in tax contributions [9] - The average tax burden for listed companies has decreased to approximately 5.6% in 2024, down from 8.9 yuan per 100 yuan of revenue in 2015, reflecting the impact of tax reduction policies [10] - The mining and financial sectors had the highest tax burden per 100 yuan of revenue, at around 12 yuan, while the manufacturing sector had a lower burden of about 4 yuan [10] Group 4: Emerging Sectors - Companies related to digital currency and digital government concepts had relatively low tax contributions, indicating potential for growth in tax contributions from these sectors [11]