​The top 500 Chinese companies

The top 500 Chinese companies reported a combined revenue of 64 trillion yuan in 2016, setting a new record after a two-year decline.

The revenue was 7.64% higher than that in 2015, according to China Enterprise Confederation/China Enterprise Directors Association which published its annual list recently.

The confederation said Chinese manufacturers were recovering. About half of the firms on the list are manufacturers, with a combined net profit of 549 billion yuan.

Manufacturers saw their share of profit among the top 500 firms rise up to 19.4%, representing the most significant growth since 2011.

But companies in the financial sector were not faring well, the confederation said

The five largest State-owned banks saw their share of profit in the top 500 drop for the third year, the confederation said.
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