China's Billion-dollar Companies

[Martian2]

I am focusing on China's tech companies. Banks, insurance companies, real estate companies, etc. are excluded from this list.

Here's my pick of China's Top 50 technology companies. Many of China's largest military contractors, such as NORINCO, are missing. It's simply my personal preference to keep the spotlight on the civilian companies.

China's Norinco Is Defense Giant on Global Growth Path - Businessweek
"Sep 25, 2014 - The bottom line: China arms maker Norinco's $62 billion in 2013 revenue make it bigger than Lockheed Martin or General Dynamics."

China Railway Construction - $89.9 billion in sales
SAIC Motor - $88.3 billion
Huawei - $46.3 billion
Lenovo - $38.71 billion
BAIC Motor - $33.3 billion
Haier - $29.5 billion
Huaneng Power International - $21.8 billion
China Aerospace Science and Industry Corporation (CASIC) - $21.61 billion
Sinohydro Group - $19.7 billion
Great Wall Technology - $15.1 billion
China CNR - $14.6 billion
CSR - $14.1 billion
TCL - $13.83 billion
ZTE - $13.1 billion
Tencent - $12.899 billion
Shanghai Electric Group - $12.8 billion
Sinomach Automobile - $12.18 billion
Datang International Power - $12.1 billion
Shanghai Pharmaceuticals - $12.09 billion
Xiaomi - $12 billion
China Aerospace Science and Technology Corp. - $11.29 billion (2009 revenue)
China National Chemical- $9.67 billion
Weichai Power - $9.4 billion
Sichuan Changhong Electric - $9.24 billion
Great Wall Motor - $8.9 billion
BYD - $8.4 billion
Alibaba - $7.95 billion
Baidu - $7.906 billion
China Shipbuilding Industry - $7.9 billion
SINOPEC Engineering (Group) - $7.1 billion
Dongfang Electric - $6.85 billion
Yunnan Yuntianhua - $6.55 billion
Zoomlion Heavy Industry - $6.24 billion
Dongfeng Motor Group - $6.1 billion
Inspur - $5.9 billion
Chongqing Changan Auto - $5.83 billion
Sany Heavy Industry - $5.8 billion
AVIC International - $5.39 billion
BOE Technology Group - $5.38 billion
China Oilfield Services - $4.5 billion
Wanhua Chemical Group - $3.2 billion
Guangzhou Automobile Group Co. Ltd. - $3 billion
Goldwind - $2.85 billion
Shenyang Machine Tool Co. - $2.7 billion
SMIC - $2.07 billion
Netease - $1.5 billion
Hikvision - $1.49 billion
HiSilicon - $1.36 billion
Spreadtrum - $1.07 billion
RDA Microelectronics - $0.43 billion
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References:

The World's Biggest Public Companies | Forbes Global 2000
Bloomberg
Statista
Company websites

You may like: Taiwan's Billion-dollar Companies

 

[flist3773]

@Martian2

Hi Martian2, nice summary of Chinese (and Taiwanese) companies.

Just to improve your list, for year 2014, below is the financial statement for Tencent and Baidu.

Tencent: (year 2014)

Annual revenue: $12.899 Billion USD
Operating profit: $4.991 Billion USD
Net income : $3.904 Billion USD

Baidu (Year 2014)

Annual revenue: $7.906 Billion USD
Operating profit: $2.064 Billion USD
Net income : $2.125 Billion USD

one thing to note is that both companies expect to see those three values to increase about 30 percent or higher in year 2015 !

 

[StarCraft_ZT]

 

[AndrewJin]

I am focusing on China's tech companies. Banks, insurance companies, real estate companies, etc. are excluded from this list.

Here's my pick of China's Top 50 technology companies. Many of China's largest military contractors, such as NORINCO, are missing. It's simply my personal preference to keep the spotlight on the civilian companies.

China's Norinco Is Defense Giant on Global Growth Path - Businessweek
"Sep 25, 2014 - The bottom line: China arms maker Norinco's $62 billion in 2013 revenue make it bigger than Lockheed Martin or General Dynamics."

China Railway Construction - $89.9 billion in sales
SAIC Motor - $88.3 billion
Huawei - $46.3 billion
Lenovo - $38.71 billion
BAIC Motor - $33.3 billion
Haier - $29.5 billion
Huaneng Power International - $21.8 billion
China Aerospace Science and Industry Corporation (CASIC) - $21.61 billion
Sinohydro Group - $19.7 billion
Great Wall Technology - $15.1 billion
China CNR - $14.6 billion
CSR - $14.1 billion
TCL - $13.83 billion
ZTE - $13.1 billion
Tencent - $12.899 billion
Shanghai Electric Group - $12.8 billion
Sinomach Automobile - $12.18 billion
Datang International Power - $12.1 billion
Shanghai Pharmaceuticals - $12.09 billion
Xiaomi - $12 billion
China Aerospace Science and Technology Corp. - $11.29 billion (2009 revenue)
China National Chemical- $9.67 billion
Weichai Power - $9.4 billion
Sichuan Changhong Electric - $9.24 billion
Great Wall Motor - $8.9 billion
BYD - $8.4 billion
Alibaba - $7.95 billion
Baidu - $7.906 billion
China Shipbuilding Industry - $7.9 billion
SINOPEC Engineering (Group) - $7.1 billion
Dongfang Electric - $6.85 billion
Yunnan Yuntianhua - $6.55 billion
Zoomlion Heavy Industry - $6.24 billion
Dongfeng Motor Group - $6.1 billion
Inspur - $5.9 billion
Chongqing Changan Auto - $5.83 billion
Sany Heavy Industry - $5.8 billion
AVIC International - $5.39 billion
BOE Technology Group - $5.38 billion
China Oilfield Services - $4.5 billion
Wanhua Chemical Group - $3.2 billion
Guangzhou Automobile Group Co. Ltd. - $3 billion
Goldwind - $2.85 billion
Shenyang Machine Tool Co. - $2.7 billion
SMIC - $2.07 billion
Netease - $1.5 billion
Hikvision - $1.49 billion
HiSilicon - $1.36 billion
Spreadtrum - $1.07 billion
RDA Microelectronics - $0.43 billion
----------

References:

The World's Biggest Public Companies | Forbes Global 2000
Bloomberg
Statista
Company websites

You may like: Taiwan's Billion-dollar Companies

Quite a lot of them are IT giants! That's thrilling news!

 

[Martian2]

ChemChina

I missed a whopper. When I have time, I'll peruse the Fortune Global 500 list and search for other large Chinese high-tech corporations that I might have overlooked.

"China National Chemical Corporation (commonly called ChemChina) is a Chinese chemical company in the product segments of agrochemicals, rubber products, chemical materials and specialty chemicals, industrial equipment, and petrochemical processing."

By the way, ChemChina is buying Pirelli for $7.7 billion.
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ChemChina - Global 500 2014 - Fortune

ChemChina: $39.69 billion in sales

 

[AndrewJin]

ChemChina

I missed a whopper. When I have time, I'll peruse the Fortune Global 500 list and search for other large Chinese high-tech corporations that I might have overlooked.

"China National Chemical Corporation (commonly called ChemChina) is a Chinese chemical company in the product segments of agrochemicals, rubber products, chemical materials and speciality chemicals, industrial equipment, and petrochemical processing."

By the way, ChemChina is buying Pirelli for $7.7 billion.
----------

ChemChina - Global 500 2014 - Fortune

ChemChina: $39.69 billion in sales

20 years ago, none of them, no high-tech, no IT.
Now, we have a lot and we are pursuing more and more.

 

[definitelynotIndian]

I already knew about Tencent, Xiomi, Alibaba, Lenovo & Huawei. They are really famous. I wonder if there are any Indian companies famous in China?

 

[Edison Chen]

I already knew about Tencent, Xiomi, Alibaba, Lenovo & Huawei. They are really famous. I wonder if there are any Indian companies famous in China?

Indian anti-cancer drug in China is popular, cheap and good curative effect, but we don't know which company it comes from.

 

[cnleio]

Indian anti-cancer drug in China is popular, cheap and good curative effect, but we don't know which company it comes from.

Indian anti-cancer drugs cheaper than China's, it's true. But illegal selling in China coz smuggling drugs ... anyways still many Chinese patients try to buy them on internet.

 

[Edison Chen]

Indian anti-cancer drugs cheaper than China's, it's true. But illegal selling in China coz smuggling drugs ... anyways still many Chinese patients try to buy them on internet.

Yes this is a dilemma, hard to benefit both sides.

 

[Keel]

珠海格力电器股份有限公司 Gree Electric Appliances Inc.

In the evening of January 19, 2015, Gree Electric Appliances released the rapid news of 2014 performance. The report displayed that Gree has achieved sales revenue of 140.005 billion Yuan (approx. 22.9 billion USD) in 2014.

Gree Electric Appliances, Inc. of Zhuhai was founded in 1991. It is the world’s largest specialized air conditioning enterprise which has integrated R&D, manufacturing, marketing and service. At present, Gree Electric Appliances, Inc. of Zhuhai has residential air conditioner, central air conditioner, air source water heater, home appliances, Kinghome refrigerator and other products to be named a few.

GREE ELECTRIC APPLIANCES,INC.OF ZHUHAI


美的集团 Midea Group

Revenue $24.8 billion USD (2014)
Midea (company) - Wikipedia, the free encyclopedia


海信集团 Hisense Group

Revenue US$15.04 billion (2013)

Hisense --About Us
Hisense --News
Hisense - Wikipedia, the free encyclopedia

There are more. stay tuned

Chinese print-art Printing

 

[Martian2]

More billion-dollar Chinese tech companies

1. As Keel has mentioned, Hisense definitely belongs on the list. TCL and Hisense tend to go together. I remembered TCL, but couldn't recall Hisense.

2. China's DJI drone manufacturer will have one billion in revenue by the end of this year. DJI will make it onto the list for next year. Thanks to Bobsm for the newslink.

Reference: Chinese Economy News & Updates

3. Another Chinese national champion is waiting in the wings. China is entering the DRAM business to compete against Samsung, SK Hynix, and Micron.

China's make-your-own DRAM ambitions growing all the time | The Register

 

[sicsheep]

I already knew about Tencent, Xiomi, Alibaba, Lenovo & Huawei. They are really famous. I wonder if there are any Indian companies famous in China?

Tata Steel maybe Land Rover?

 

[flist3773]

@Martian2

I was about to post that consortium led by Summitview Capital ! What is your perspective on China entering DRAM market? Do you think China has a chance to compete against the competitors, given that the logic required for DRAM is considerably (or significantly) less than that of CPU or GPU.

Also, can you give us an update on the semiconductor industry? Like which companies are doing well or expected to do well over the next few years? I always appreciate your insight on this industry!

 

[Martian2]

@Martian2

I was about to post that consortium led by Summitview Capital ! What is your perspective on China entering DRAM market? Do you think China has a chance to compete against the competitors, given that the logic required for DRAM is considerably (or significantly) less than that of CPU or GPU.

Also, can you give us an update on the semiconductor industry? Like which companies are doing well or expected to do well over the next few years? I always appreciate your insight on this industry!

Everything is looking up for the Chinese semiconductor industry

I think it's a no-brainer that China will achieve a significant share of the DRAM market.

Summitview Capital is buying the designs for DDR-2, DDR-3, and SDRAM. The Chinese government can buy other memory designs as necessary.

China is the world's second largest economy and it can build an Airbus-type project in computer memory. Taiwan could not. Taiwan is a very small economy and subject to American implicit threats of anti-trust investigation. However, the Japanese and Koreans have privileged status and they are allowed to have keiretsus and chaebols.

Taiwan could never build a true DRAM competitor to Samsung. Samsung dominates the DRAM business, because it has scale. Samsung is 1/4 of the South Korean economy. Samsung has access to cheap capital, because insurance companies (and/or banks) are part of its chaebol network.

Taiwan's Nanya Technology (in DRAM) is a stand-alone company and could never compete against Samsung without a chaebol-like network. However, the American anti-trust laws prevent Taiwan from setting up a chaebol-like network for Nanya.

In contrast, China has the heft to develop its own computer memory industry. Also, China was exempt from some WTO rules as a developing nation. I think China is allowed to protect certain industries up to a point.

Since DRAM memory is a commodity business, the largest scale will prevail. This is similar to the old Fuji business model in camera film. China should be able to grow a huge DRAM company over the next ten years.

Regarding China's overall semiconductor industry, things are looking pretty good. SMIC will be producing at 28nm this year. HiSilicon has leading edge designs for telecom chips at 16nm already. Taiwan's UMC is in a joint venture to build a 12-inch fab in China. Chinese semiconductor design companies are scaling with China's economic growth. Companies like Spreadtrum have pushed past the billion-dollar mark and will keep growing larger.

CTIMES News - UMC Xiamen 12-Inch Fab Holds Groundbreaking, Qualcomm President Attends

IBM has changed its business model and opened up its entire architecture to Chinese server manufacturers. China's Suzhou is one of the first out the door with its own server line based on IBM's OpenPOWER server-chip design.

Everything is looking up for the Chinese semiconductor industry.
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Strategy Shift: IBM to Share Technology with China | Fox Business

"Fox Business-Mar 23, 2015
IBM Corp will share technology with Chinese firms and will actively help build China's industry, CEO Virginia Rometty said in Beijing as she set ..."