Group 1 - The 2025 Fortune China 500 list includes 38 companies from Shenzhen, such as Huawei, AAC Technologies, BYD, and Ping An [1] - The list is based on the same methodology as the Fortune Global 500, covering both listed and unlisted companies, providing insights into the latest development trends of China's largest enterprises [1] Group 2 - Among the top ten most profitable companies, Tencent and Ping An, both private enterprises from Shenzhen, achieved significant net profit growth, with Tencent's net profit exceeding $26.9 billion, a year-on-year increase of over 65%, ranking 6th in profitability [3] - Ping An ranked 10th in the profitability list, showcasing strong financial performance [3] - AAC Technologies reported a record revenue of 27.33 billion RMB in 2024, with a net profit of 1.797 billion RMB, reflecting a year-on-year growth of 142.7% [3] - AAC Technologies leads in multiple sectors, including micro-acoustics and precision optics, and has been recognized as a "Manufacturing Single Champion" by the Ministry of Industry and Information Technology [3] - The total revenue of the 500 companies on the list is projected to reach $14.2 trillion in 2024, with a net profit of $756.4 billion, representing a growth of approximately 7% compared to the previous year [3] - In dollar terms, China's GDP is expected to reach $18.75 trillion in 2024, with the combined revenue of the 500 companies accounting for about three-quarters of the country's GDP [3]