Sou Hu Cai Jing·2026-01-05 13:30Core Insights - The total market capitalization of the top 100 listed companies in China reached 74.81 trillion yuan by the end of 2025, marking a nearly 25% increase from 60 trillion yuan at the end of the previous year [1] - The threshold for entry into the list rose to 193.6 billion yuan, a year-on-year increase of 19.88% [1] Industry Distribution - The financial sector remains dominant with 27 companies, totaling a market cap of 21.31 trillion yuan, accounting for nearly 30% of the total [1] - Other sectors include non-durable consumer goods with 16 companies, information technology with 13, industrial with 12, and telecommunications services with 8 [1] - Compared to the previous year, the materials, information technology, industrial, and healthcare sectors added 4, 3, 2, and 1 new companies respectively, while financial and consumer goods sectors saw a decrease of 3 companies each [1] New Entrants and Rankings - Four new companies made the list: Zijin Mining International, Moore Threads, Huadian New Energy, and Muxi Co., with Moore Threads and Muxi Co. being newly listed in December [3] - A total of 25 companies improved their rankings by more than 10 positions, with notable increases in AI-related sectors [3] - The largest gain was seen by Shenghong Technology, which surged 439 positions due to its involvement in the PCB supply chain for NVIDIA [3] Market Capitalization Trends - The number of companies with market caps between 500 billion and 1 trillion yuan increased by 1 to 17, while those between 300 billion and 500 billion yuan rose by 7 to 24 [5] - 17 companies surpassed a market cap of 1 trillion yuan, an increase of 4 from the previous year, including China Ping An, Industrial Fulian, China Merchants Bank, and Pinduoduo [5] - The top 10 companies collectively accounted for 34.4 trillion yuan, representing 46% of the total market cap, an increase of nearly 2 percentage points from the previous year [5] Notable Companies - TSMC maintained its top position with a market cap of 11.08 trillion yuan, a 50.5% increase from 7.36 trillion yuan [7] - Tencent ranked second with a market cap of 4.93 trillion yuan, while Alibaba rose to fifth with 2.46 trillion yuan [8] - CATL, now ranked eighth with a market cap of 2.08 trillion yuan, replaced Kweichow Moutai in the top ten [5][7] - CATL has been the global leader in electric vehicle battery installation for eight consecutive years, with a 36.6% year-on-year increase in installation volume [5] Summary of Rankings - The top companies by market cap include TSMC, Tencent, Industrial and Commercial Bank of China, Agricultural Bank of China, and Alibaba [8] - Other notable companies in the top rankings include China Mobile, CATL, China Petroleum, and Bank of China [8][9]