China unveiled this year’s top 500 Chinese enterprises on Sunday with State Grid, Sinopec and Petrochemical securing the top three of the list.

The State Grid Corporation of China tops the list, with revenues reaching 2.4 trillion yuan (351.4 billion US dollars) in 2017, followed by the Sinopec Group (2.21 trillion yuan) and the China National Petroleum Corporation (2.2 trillion yuan).

This year, companies with an annual revenue exceeding 30.69 billion yuan are eligible and allowed to be listed, the first time hitting the 30 billion yuan threshold.

Revenues for China’s top 500 companies stood at a total of 71.7 trillion yuan, up 11.2 percent year on year, and the growth rate increased 3.6 percentage points compared with last year.

Meanwhile, these companies stand out in restructuring and research and development (R&D). New modes of businesses are emerging and the process of cutting overcapacity is making progress.

The R&D expenses of the companies totaled 895 billion yuan, up by 21.6 percent year on year, and a total of 956,000 patents are created, up by 29.6 percent year on year.

Wang Jiming, academician of the Chinese Academy of Engineering and vice president of China Enterprise Confederation, said that companies on the list are mostly large companies who play a key role in structural reform and innovation, so they enjoy a faster growth and sound performance.

In addition to traditional state-owned enterprises, 237 private companies are listed this year, showing a growing trend of half and half.

The rest of the top 10 include the industrial and Commercial Bank of China (ICBC), China State Construction Engineering Corporation (CSCEC), Ping An Insurance Group, China Construction Bank (CCB), SAIC Motor, Agricultural Bank of China (ABC) and China Life Insurance Group.

上週日，中國公佈了今年的中國企業500強，國家電網、中石化和中石油躋身前三。

中國國家電網公司位居榜首，2017年營收達到2.4萬億元(合3514億美元)，其次是中石化(合2.21萬億元)和中國石油天然氣集團公司(合2.2萬億元)。

今年，年營收超過306.9億元的公司有資格上市，首次達到300億元的門檻。

中國500強企業總收入達到71.7萬億元，同比增長11.2%，同比增長3.6個百分點。

與此同時，這些公司在重組和研發( R & D )中脫穎而出。新的商業模式正在出現，削減產能過剩的程序正在取得進展。

這些公司的研發費用總計8950億元，同比增長21.6 %，共創造了95.6萬項專利，同比增長29.6 %。

中國工程院院士、中國企業聯合會副主席王繼明表示，上榜企業大多是在結構改革和創新中發揮關鍵作用的大公司，增長較快，業績良好。

除了傳統的國有企業外，今年共有237家民營企業上市，這一增長趨勢是一半一半。

排名前十的銀行還包括中國工商銀行(ICBC)、中國建築工程總公司(CSCEC)、平安保險集團(Ping An Insurance Group)、中國建設銀行(CCB)、上海汽車(SAIC Motor)、中國農業銀行(ABC)和中國人壽保險集團(China Life Insurance Group)。