21世纪经济报道·2025-08-28 05:32Core Insights - The "2025 China Top 500 Private Enterprises" report was released by the All-China Federation of Industry and Commerce, with JD Group, Alibaba (China) Co., Ltd., and Hengli Group Co., Ltd. ranking in the top three [1] - The threshold for entry into the top 500 private enterprises increased to 27.023 billion yuan, with total operating revenue reaching 4.305 trillion yuan and total net profit amounting to 180 billion yuan [1] - Research and development expenses totaled 113 billion yuan, with an average R&D expenditure intensity of 2.77% [1] Summary by Sections Company Rankings - JD Group: 115.88 billion yuan in revenue [2] - Alibaba (China) Co., Ltd.: 98.18 billion yuan in revenue [2] - Hengli Group Co., Ltd.: 87.15 billion yuan in revenue [2] - Huawei Investment Holding Co., Ltd.: 86.21 billion yuan in revenue [2] - BYD Company Limited: 77.71 billion yuan in revenue [2] Financial Metrics - Total operating revenue of the top 500 private enterprises: 4.305 trillion yuan [1] - Total net profit of the top 500 private enterprises: 180 billion yuan [1] - Total R&D expenses: 113 billion yuan [1] - Total tax contributions: 1.27 trillion yuan, with 240 companies contributing over 1 billion yuan in taxes, accounting for 48% of the top 500 [1] Research Participation - A total of 6,379 enterprises with projected revenues exceeding 1 billion yuan participated in the survey, with the top 500 selected for the report [1]