(Fortune Magazine) -- China Construction Bank, the nation's third-largest bank, went public on the Hong Kong exchange last October - a move that raised $9.2 billion and earned it the No. 6 spot on this year's list of the country's 100 largest publicly traded corporations.
The IPO was part of a growing trend of Chinese companies to list in Hong Kong. (The Bank of China had an offering there this spring that brought in $11.2 billion - the fourth-largest IPO ever - and will surely move onto the list next year.)
China's hot 10% GDP growth was reflected across all industries: The threshold to make the list rose 22%, to $1.3 billion in revenues.
Oil did particularly well - China Petroleum & Chemical, which has reigned at No. 1 for six years, enjoyed a 39% jump in earnings in 2005, and Petro China, which maintained its No. 2 ranking, saw profits increase 33%.
Retail and food also prospered.
But one of the biggest movers was computer maker Lenovo, which bought IBM's PC business last year. Its revenues increased fourfold, and it jumped 18 spots, to No. 7.
Interested in investing in China? At right are 5 companies in the top 10 of China's largest companies that are traded on U.S. exchanges.
Below is the complete list of the China 100.
The China 100 was compiled by the editors of FortuneChina in cooperation with the Finet Group, a Hong Kong-listed company specializing in providing business information about China, and was first published in FortuneChina.
In compiling the list, FortuneChina looked at Chinese companies listed on the stock exchanges in Shenzhen, Shanghai, Hong Kong, Singapore, London and New York City.
The companies are ranked by 2005 revenues. Figures were provided by the companies to the relevant stock exchanges and obtained from Bloomberg.
China's 100 largest corporations
2006
2005
Company
Revenues $ millions1
Profits $ millions1
Market value2 12/31/2005 $ millions1
Industry
1
1
China Petroleum & Chemical
$98,981.50
$4,899.80
$50,045.10
Oil and gas
2
2
Petro China
$68,401.20
$16,518.70
$146,480.90
Oil and gas
3
3
China Mobile (Hong Kong)
$30,104.00
$6,632.80
$93,799.70
Telecommunications
4
4
China Telecom
$20,971.40
$3,457.30
$29,721.30
Telecommunications
5
11
Baoshan Iron & Steel
$15,682.20
$1,568.80
$8,936.70
Iron and steel
6
N/A
China Construction Bank
$14,436.50
$5,834.40
$78,171.60
Banking
7
25
Lenovo Group
$13,250.80
$22.20
$3,357.10
Computers
8
6
China Life Insurance
$12,164.90
$1,152.70
$23,624.40
Insurance
9
7
China Netcom
Group (Hong Kong)
$10,804.90
$1,720.20
$10,663.40
Telecommunications
10
5
China United
Telecommunications
$9,427.10
$352.00
$7,351.40
Telecommunications
11
12
CNOOC
$8,603.10
$3,136.60
$27,773.40
Oil and gas
12
8
Minmetals Development
$8,249.00
$41.20
$583.90
Metals and mining
13
9
Ping An Insurance
Group
$8,000.40
$523.40
$11,415.10
Insurance
14
10
PICC Property
& Casualty
$7,720.70
$137.90
$3,194.50
Insurance
15
13
China Resources
$6,904.60
$286.10
$3,985.10
Diversified holdings
16
N/A
China Shenhua Energy
$6,470.90
$1,936.20
$19,930.00
Mining
17
15
TCL
$6,400.70
($39.70)
$749.60
Home appliances
18
N/A
Foxconn
International Holdings
$6,362.00
$385.50
$11,341.70
Electronics
19
N/A
Bank of Communications
$6,153.60
$1,145.60
$20,804.90
Banking
20
16
Sinopec
Shanghai Petrochemical
$5,685.10
$211.10
$3,727.80
Chemicals
21
N/A
Dongfeng Motor Group
$5,169.50
$198.30
$2,164.90
Auto manufacturing
22
N/A
TPV Technology
$5,052.00
$149.50
$1,872.40
Computers
23
28
Wuhan Iron &
Steel
$5,047.00
$597.60
$2,631.00
Iron and steel
24
20
Huaneng Power
International
$4,985.20
$589.90
$8,571.10
Electricity
25
N/A
China COSCO Holdings
$4,851.20
$675.20
$2,709.80
Shipping
26
27
China Southern
Airlines
$4,837.10
($222.20)
$1,435.80
Airlines
27
17
Air China
$4,742.90
$298.00
$3,008.30
Airlines
28
18
Aluminum Corp.
of China
$4,596.60
$869.80
$8,400.70
Mining
29
22
TCL
Multimedia Technology Holdings
$4,452.80
($77.20)
$563.30
Home appliances
30
N/A
Shanghai Electric
Group
$4,260.90
$207.10
$4,060.70
Power generation
31
23
Maanshan Iron
& Steel
$3,973.90
$352.70
$2,182.80
Iron and steel
32
24
China
International Marine Containers Group
$3,834.70
$330.60
$2,108.60
Package and containers
33
36
Sinotrans
$3,565.90
$106.10
$1,724.60
Logistics
34
29
Hunan
Valin Steel Tube & Wire
$3,541.20
$67.80
$1,245.00
Iron and steel
35
33
China Shipping
Container Lines
$3,514.60
$443.80
$2,097.90
Shipping
36
26
CITIC Pacific
$3,422.90
$514.00
$6,061.30
Diversified holdings
37
49
Bank of
China Hong Kong Holdings
$3,334.10
$1,738.80
$20,299.60
Banking
38
30
Angang New Steel
$3,280.90
$257.60
$1,446.00
Metal fabrication and hardware
39
39
China Eastern Airlines
$3,248.30
$7.50
$1,452.80
Airlines
40
38
China Merchants Bank
$3,103.90
$486.80
$8,455.30
Banking
41
35
Tangshan Iron
& Steel
$3,011.90
$140.50
$676.50
Iron and steel
42
42
Jinan Iron &
Steel
$2,974.80
$102.60
$539.10
Iron and steel
43
44
China Minsheng Banking
$2,948.00
$334.70
$3,650.30
Banking
44
32
Shanxi Taigang
Stainless Steel
$2,941.90
$96.20
$601.40
Steel
45
34
UT Starcom
$2,898.90
$0.00
$0.00
Telecommunications
46
31
ZTE
$2,672.50
$147.90
$3,301.70
Telecommunications
47
50
Shanghai
Pudong Development Bank
$2,659.00
$307.90
$4,728.00
Banking
48
41
Guangdong
Midea Electric Appliances
$2,640.00
$47.30
$411.50
Home appliances
49
37
Beijing Shougang
$2,628.10
$98.20
$704.00
Iron and steel
50
48
Bengang Steel Plates
$2,499.90
$78.30
$610.70
Iron and steel
51
40
Handan Iron &
Steel
$2,463.10
$111.80
$869.00
Iron and steel
52
47
Laiwu Steel
$2,454.40
$51.50
$508.40
Iron and steel
53
99
Shanghai
Material Trading Center
$2,412.10
$4.30
$259.80
Wholesale
54
43
Chongqing
Changan Automobile
$2,374.30
$29.30
$730.80
Auto manufacturing
55
65
Digital China Holdings
$2,358.60
$31.80
$236.90
Computers
56
51
Inner
Mongolian Baotou Steel Union
$2,349.80
$124.70
$783.00
Steel
57
81
Harbin Power Equipment
$2,287.00
$57.60
$853.60
Power generation
58
46
COFCO International
$2,266.30
$55.30
$2,503.00
Food
59
55
Shanghai Construction
$2,264.90
$28.60
$328.80
Engineering and construction
60
56
Gree Electrical
Appliances
$2,260.30
$63.10
$689.70
Home appliances
61
57
Shanghai Friendship
Group
$2,242.80
$16.70
$360.40
Retail
62
58
Datang
International Power Generation
$2,228.90
$291.20
$3,792.10
Electricity
63
N/A
GOME
Electrical Appliances Holding
$2,224.50
$61.80
$1,110.80
Retail
64
52
Qingdao Haier
$2,044.90
$29.60
$607.60
Home appliances
65
90
Suning
Appliance Chain Store Group
$1,973.90
$43.40
$830.80
Retail
66
62
Sinocherm International
$1,970.80
$88.10
$623.10
Wholesale distribution
67
61
Sinopec
Yizheng Chemical Fibre
$1,956.90
($118.20)
$1,327.80
Chemicals
68
54
Xiamen C&D
$1,954.80
$26.40
$318.20
Wholesale distribution
69
59
Panzhihua
New Steel & Vanadium
$1,883.90
$100.50
$719.70
Iron and steel
70
70
Sichuan Changhong
Electric
$1,865.50
$35.30
$1,016.00
Home appliances
71
71
Great Wall Technology
$1,848.60
$39.90
$226.90
Computers
72
80
Nanjing Iron &
Steel
$1,840.50
$50.80
$324.60
Iron and steel
73
45
Beiqi Foton Motor
$1,823.90
($36.80)
$160.70
Auto manufacturing
74
63
An Yang Iron &
Steel
$1,808.30
$53.60
$525.00
Iron and steel
75
73
Lianhua Supermarket
Holdings
$1,772.80
$29.70
$581.10
Retail
76
64
AviChina
Industry & Technology
$1,767.10
$14.60
$236.40
Auto manufacturing
77
74
Hua Xia Bank
$1,708.60
$159.60
$2,465.90
Banking
78
72
Weiqiao Textile
$1,682.60
$153.90
$1,536.60
Textiles
79
84
Xiamen
International Trade Group
$1,669.50
$17.10
$185.50
Wholesale distribution
80
66
BOE Technology Group
$1,667.40
($196.60)
$571.10
Electronics
81
85
Henan
Shuanghui Investment & Development
$1,667.20
$46.00
$813.60
Food
82
N/A
Yunan Copper
$1,660.20
$61.10
$398.70
Metals
83
76
Jiangxi Copper
$1,652.40
$229.30
$1,821.60
Metals
84
82
Huadian Power
International
$1,647.40
$125.70
$2,080.80
Electricity
85
67
Yanzhou Coal Mining
$1,573.80
$309.10
$3,606.50
Mining
86
92
Sinopec Kantons
Holdings
$1,565.70
$17.50
$187.10
Oil and gas services
87
N/A
China Paradise Electronics Retail
$1,516.90
$35.90
$768.20
Wholesale distribution
88
95
Inner Mongolia Yili Industrial Group
$1,508.10
$36.30
$714.40
Food
89
N/A
Shanghai Zhenhua Port Machinery
$1,499.30
$149.60
$1,618.50
Machinery
90
96
Shijiazhuang Refining & Chemical
$1,473.10
($90.10)
$413.30
Chemicals
91
60
Konka Group
$1,419.00
$8.90
$262.50
Home appliances
92
78
Beijing Enterprises
Holdings
$1,417.50
$73.50
$1,051.60
Diversified holdings
93
N/A
SP Power Development
$1,368.10
$115.20
$1,751.30
Electricity
94
N/A
Anhui Conch Cement
$1,341.00
$50.40
$1,490.00
Building materials
95
75
Shanghai Pharmaceutical
$1,325.30
$6.30
$229.70
Retail
96
93
Gansu
Jiu Steel Group Hongxing Iron & Steel
$1,318.30
$63.50
$383.20
Iron and steel
97
77
SGIS Songshan
$1,315.00
$16.90
$397.00
Steel
98
N/A
China Vanke
$1,307.90
$167.30
$1,987.40
Real estate
99
88
FAW Car
$1,279.20
$41.80
$629.00
Auto manufacturing
100
N/A
Hisense Electric
$1,258.90
$12.70
$405.50
Home appliances
N/A Not on last year’s list.
1 All dollar values were converted using the 12/31/05 exchange rate of 8.07338 yuan per U.S. dollar.
2 Market value is based on all shares outstanding, including those held by the government.
