Revenue Growth Benchmarks

Top-line performance metrics of companies across industries and countries

Top 100 Chinese Companies

Consumer products fueled revenue growth in the Chinese economy with a substantial 24% contribution, followed by financial services and real estate, each accounting for 11% of total sales in the LTM. Industries related to consumer defensive, such as packaged food and alcoholic beverages, experienced growth exceeding 40% in the latest completed fiscal year, while industrials and utility companies grew at a rate of 16-17%. Notably, Contemporary Amperex Tech and Tongwei Co Ltd doubled their annual sales. However, Country Garden Holdings Co Ltd, China National Building Material, and Xiaomi Corp faced challenges, with their revenues declining by more than 20% annually.


[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period]

Sector Company HQ Industry Latest LTM year-on-year % CAGR
FQ Sales1 3m 6m 9m ltm 1y 2y 3y 5y
Basic Materials China National Building Material CHN Building Materials 2023-06 31.14 na -14.6% na -23.6% -23.8% -7.8% -3.0% 3.3%
  Anhui Conch Cement CHN Building Materials 2023-09 20.67 15.7% 13.1% 16.1% 10.8% -21.4% -13.5% -5.6% 11.9%
  Rongsheng Petro Chemical CHN Chemicals 2023-09 42.98 9.1% 8.2% 6.2% 8.7% 57.9% 64.2% 51.9% 32.0%
  Wanhua Chemical Group CHN Chemicals 2023-09 23.78 8.8% 2.2% 1.6% -0.6% 13.8% 50.2% 34.5% 25.5%
  Jiangxi Copper CHN Metals & Mining 2023-09 72.52 16.9% 10.5% 8.5% 8.0% 8.4% 22.7% 25.9% 18.5%
  Zijin Mining Group CHN Metals & Mining 2023-09 41.29 4.1% 7.6% 10.2% 11.8% 20.1% 25.5% 25.7% 23.4%
  Aluminum Corp of China Ltd CHN Metals & Mining 2023-09 38.76 -20.9% -17.0% -17.2% -17.6% -2.6% 19.4% 15.2% 10.0%
  CMOC Group Ltd CHN Metals & Mining 2023-09 24.31 6.0% -6.2% -6.9% -10.9% -9.3% 20.1% 36.2% 46.5%
  Yunnan Copper CHN Metals & Mining 2023-09 20.91 18.2% 16.4% 12.8% 11.6% 6.2% 23.7% 28.7% 18.8%
  Tongling Nonferrous Metals Group CHN Metals & Mining 2023-09 19.25 26.3% 14.3% 15.7% 14.1% -7.0% 10.7% 9.5% 8.1%
  Baoshan Iron & Steel CHN Steel 2023-09 48.96 -10.3% -8.5% -8.5% -6.6% 1.0% 14.3% 8.1% 5.0%
  Hunan Valin Steel CHN Steel 2023-09 23.27 1.3% -4.0% -3.7% 2.0% -1.7% 20.3% 16.3% 17.1%
Communication Services Tencent Holdings Ltd CHN Interactive Media 2023-09 84.51 5.9% 4.9% 4.0% 0.7% -9.7% 4.1% 13.8% 17.1%
  Baidu Inc CHN Interactive Media 2023-12 18.89 3.2% 2.5% 4.1% 3.3% 6.3% -1.8% 4.8% 4.9%
  China Telecom Corp Ltd CHN Telecommunication Services 2023-09 71.14 4.3% 5.2% 6.5% 7.1% 9.5% 10.6% 8.6% 5.6%
  China United Network Communications CHN Telecommunication Services 2023-09 52.85 2.4% 5.4% 6.7% 7.3% 8.3% 8.1% 6.9% 5.2%
  China Communications Services CHN Telecommunication Services 2023-06 20.40 na -1.4% na -4.1% -4.2% 4.0% 6.4% 7.0%
Consumer Cyclical Midea Group CHN Furnishings, Fixtures & Appliances 2023-09 51.95 7.3% 8.2% 7.6% 4.0% 0.7% 10.0% 7.4% 7.4%
  Haier Smart Home CHN Furnishings, Fixtures & Appliances 2023-09 36.50 6.1% 7.2% 7.5% 6.2% 7.2% 7.8% 6.6% 8.3%
  Gree Electric Appliances Inc of Zhuhai CHN Furnishings, Fixtures & Appliances 2023-09 28.03 6.6% 6.5% 5.0% -0.4% 0.3% 5.6% -1.8% 4.9%
  Hengli Petrochemical CHN Manufacturing - Apparel & Accessories 2023-09 31.93 24.4% 0.0% 1.6% 3.8% 12.3% 20.8% 30.2% 36.2%
  Meituan CHN Retail - Cyclical 2023-09 37.07 17.1% 20.5% 19.5% 17.3% 12.0% 34.4% 31.3% 43.6%
  JD.com Inc CHN Retail - Cyclical 2023-09 151.78 -2.2% -0.7% -2.7% -2.6% 0.4% 14.7% 22.2% 22.3%
  SAIC Motor Corp Ltd CHN Vehicles & Parts 2023-09 104.95 -6.9% 9.4% -0.8% -1.9% -4.6% 0.1% -4.1% -3.1%
  BYD CHN Vehicles & Parts 2023-09 82.07 38.5% 50.4% 57.7% 70.9% 96.2% 64.6% 49.2% 32.0%
  BAIC Motor Corp Ltd CHN Vehicles & Parts 2023-09 25.92 -4.9% 11.0% 8.8% 4.7% -1.3% 0.7% 2.9% 6.0%
  Zhongsheng Group Holdings Ltd CHN Vehicles & Parts 2023-06 24.80 na -11.2% na -6.7% -6.3% 6.9% 13.3% 14.5%
  Great Wall Motor CHN Vehicles & Parts 2023-09 22.13 27.2% 30.2% 12.3% 0.4% -8.2% 11.9% 12.7% 5.0%
  Huayu Automotive Systems CHN Vehicles & Parts 2023-09 23.62 0.1% 11.6% 7.3% 8.9% 13.1% 8.9% 3.2% 2.4%
  Chongqing Changan Automobile CHN Vehicles & Parts 2023-09 20.44 48.4% 45.0% 26.8% 29.5% 15.3% 19.7% 19.8% 8.7%
  China Grand Automotive Services CHN Vehicles & Parts 2023-09 19.07 -1.2% 7.0% 0.9% -3.1% -15.7% -8.2% -7.8% -3.6%
Consumer Defensive Kweichow Moutai CHN Beverages - Alcoholic 2023-09 20.29 13.1% 16.5% 17.3% 17.1% 16.5% 14.1% 12.8% 15.9%
  Yihai Kerry Arawana Holdings CHN Consumer Packaged Goods 2023-09 36.61 2.1% -2.9% 0.4% 2.7% 13.8% 14.9% 14.7% 11.3%
  Tongwei CHN Consumer Packaged Goods 2023-09 21.52 -10.5% 1.0% 9.1% 26.2% 119.7% 79.5% 55.9% 40.4%
  New Hope Liuhe CHN Consumer Packaged Goods 2023-09 20.97 -2.1% 2.7% 6.3% 11.8% 12.1% 13.5% 19.9% 17.7%
Energy China Petroleum & Chemical Corp CHN Oil & Gas 2023-09 470.54 -0.1% -5.6% -5.5% -2.6% 10.4% 21.9% 4.0% 5.8%
  PetroChina CHN Oil & Gas 2023-09 434.82 -4.6% -7.5% -7.1% -3.9% 23.9% 29.4% 8.8% 9.8%
  China Shenhua Energy CHN Other Energy Sources 2023-09 49.14 -2.2% -0.7% 0.8% -1.9% 2.6% 21.5% 12.5% 6.7%
  China Coal Energy CHN Other Energy Sources 2023-09 28.48 -21.6% -19.2% -16.3% -24.3% -16.1% 21.4% 19.6% 20.6%
  Yankuang Energy Group CHN Other Energy Sources 2023-09 23.65 -26.4% -29.2% -20.2% -22.8% 32.1% -3.3% -2.2% 5.8%
  Shaanxi Coal Industry CHN Other Energy Sources 2023-09 23.22 -21.3% -9.2% -2.4% 1.3% 9.5% 32.5% 31.3% 26.8%
Financial Services China Construction Bank Corp CHN Banks 2023-09 115.39 -2.7% -2.3% -1.3% 2.4% -0.2% 4.3% 5.2% 5.7%
  Bank Of China Ltd CHN Banks 2023-09 91.96 3.4% 4.7% 7.1% 10.3% 2.2% 4.5% 4.0% 5.1%
  China Merchants Bank CHN Banks 2023-09 47.67 -4.6% -1.9% -1.8% -0.9% 4.6% 9.1% 8.5% 9.3%
  Bank of Communications CHN Banks 2023-09 39.01 -4.4% -0.1% 1.6% -0.8% 1.2% 8.6% 7.3% 8.3%
  Industrial Bank CHN Banks 2023-09 30.16 -8.6% -5.0% -5.6% -6.7% 0.5% 4.6% 7.1% 9.7%
  China Citic Bank Corp Ltd CHN Banks 2023-09 29.28 -3.9% -1.5% -2.7% -1.3% 3.2% 4.0% 4.0% 6.1%
  Shanghai Pudong Development Bank CHN Banks 2023-09 25.16 -7.6% -9.5% -7.6% -7.1% -1.3% -2.0% -0.1% 2.3%
  Ping An Bank CHN Banks 2023-09 23.99 -15.6% -10.4% -7.7% -6.2% 6.1% 8.2% 9.2% 11.2%
  China Everbright Bank CHN Banks 2023-09 20.79 -8.1% -5.7% -4.4% -4.4% -0.7% 3.1% 4.5% 10.6%
  China Minsheng Banking CHN Banks 2023-09 19.88 1.1% -3.4% -2.1% -4.5% -15.6% -12.2% -7.6% -0.3%
  Ping An Insurance CHN Insurance 2023-09 145.17 0.9% -5.3% 6.5% 23.6% -6.8% -5.1% -2.3% 4.2%
  China Life Insurance CHN Insurance 2023-09 117.73 -10.0% -4.6% 1.1% 0.8% -3.0% 0.3% 3.8% 4.9%
  The People's Insurance Co CHN Insurance 2023-09 80.94 na na na na 3.8% 3.0% 3.8% 5.0%
  PICC Property and Casualty CHN Insurance 2023-09 48.75 na na na na -3.4% 2.0% 4.6% 5.7%
  China Pacific Insurance (Group) CHN Insurance 2023-09 64.90 -9.0% -7.1% 1.0% 33.6% 3.4% 3.9% 5.7% 7.3%
  New China Life Insurance CHN Insurance 2023-09 28.42 -47.4% -35.8% -18.4% 75.6% -3.5% 1.9% 7.2% 8.3%
  China Reinsurance (Group) Corp CHN Insurance 2023-06 25.11 na 14.1% na 31.6% -7.0% -3.0% 5.9% 7.8%
  Sunshine Insurance Group CHN Insurance 2023-06 18.63 na 2.6% na 39.7% -1.9% 3.5% 8.8% na
Healthcare Jointown Pharmaceutical Group CHN Healthcare Providers & Services 2023-09 21.53 0.1% 6.6% 11.1% 13.9% 14.7% 12.5% 12.2% 13.7%
  Sinopharm Group CHN Medical Distribution 2023-09 61.34 na na na na -3.4% 6.8% 9.2% 11.1%
  Shanghai Pharmaceuticals Holding CHN Medical Distribution 2023-09 36.15 3.2% 11.5% 13.1% 11.1% 7.5% 9.9% 7.5% 12.1%
Industrials Xiamen C & D Inc CHN Business Services 2023-09 122.95 8.3% 4.2% 6.0% 8.2% 17.7% 38.7% 35.2% 30.7%
  Wuchan Zhongda Group CHN Conglomerates 2023-09 83.82 2.4% 1.6% 3.4% 3.0% 2.5% 19.5% 17.1% 15.8%
  Zheshang Development Group CHN Conglomerates 2023-09 28.31 -2.1% -0.7% 4.1% 10.0% 8.6% 33.3% 38.1% 31.9%
  ENN Natural Gas CHN Conglomerates 2023-09 20.35 -14.1% -13.6% -10.0% 0.3% 33.0% 32.3% 20.3% 72.7%
  China State Construction Engineering CHN Construction 2023-09 310.64 17.5% 9.1% 8.8% 4.7% 8.6% 12.8% 13.1% 14.3%
  China Railway Construction CHN Construction 2023-09 156.62 2.9% -0.2% 1.0% 2.0% 7.5% 9.7% 9.7% 10.0%
  China Communications Construction CHN Construction 2023-09 102.45 -2.0% -5.2% -5.2% -4.9% -4.2% 4.0% 9.2% 7.1%
  Metallurgical Corp of China Ltd CHN Construction 2023-09 94.02 23.2% 15.7% 17.7% 20.9% 18.4% 21.7% 20.5% 19.4%
  Power Construction Corporation CHN Construction 2023-09 84.66 6.6% 8.9% 6.1% 3.7% 1.2% 19.4% 18.0% 16.5%
  China Energy Engineering Corp CHN Construction 2023-09 42.46 na na na na 3.7% 13.0% 14.1% 8.1%
  Shanghai Construction Group CHN Construction 2023-09 45.99 -8.1% 19.0% 20.7% 26.1% 1.8% 11.2% 11.7% 15.0%
  Shaanxi Construction Engineering CHN Construction 2023-09 26.37 -1.5% -4.4% -2.7% 8.3% 12.9% 21.8% 21.9% 88.8%
  China National Chemical Engineering CHN Construction 2023-09 24.04 -11.2% 4.4% 9.2% 0.9% 14.9% 20.0% 15.0% 22.0%
  Sichuan Road & Bridge CHN Construction 2023-09 19.58 -22.7% -6.4% 3.4% 1.5% 31.8% 44.7% 36.9% 32.8%
  Xiamen Itg Group Corp Ltd CHN Industrial Distribution 2023-09 73.51 -6.8% -5.9% -0.9% 1.4% 12.3% 21.9% 33.8% 25.8%
  Contemporary Amperex Technology CHN Industrial Products 2023-09 58.56 8.3% 27.2% 40.1% 54.5% 152.1% 155.5% 92.9% 75.0%
  Weichai Power CHN Industrial Products 2023-09 29.08 24.0% 25.3% 22.9% 20.0% -20.5% -5.8% 0.2% 2.9%
  Xiamen Xiangyu CHN Transportation 2023-09 73.04 -1.8% -13.8% -5.9% 1.0% 16.4% 22.2% 25.5% 21.5%
  SF Holding CHN Transportation 2023-09 36.50 -6.4% -6.0% -5.1% -4.9% 29.1% 31.8% 33.6% 30.3%
  COSCO SHIPPING Holdings CHN Transportation 2023-09 29.58 -61.3% -60.9% -60.1% -53.4% 6.9% 46.7% 37.5% 32.4%
  JD Logistics Inc CHN Transportation 2023-09 22.68 21.9% 144.4% 275.4% 384.5% 19.7% 32.8% 40.4% na
  China Southern Airlines CHN Transportation 2023-09 19.34 62.4% 75.5% 70.3% 46.2% -14.3% -3.0% -17.4% -7.4%
Real Estate Country Garden Holdings CHN Real Estate 2023-06 69.78 na 30.1% na 0.7% -25.0% -6.4% -3.9% 12.3%
  China Vanke CHN Real Estate 2023-09 64.74 -31.6% -19.3% -14.0% -12.0% 11.3% 9.6% 11.1% 15.7%
  Greenland Holdings Group Corp CHN Real Estate 2023-09 54.39 -21.6% -16.7% -17.1% -9.5% -20.0% -2.2% 0.6% 8.5%
  Poly Developments and Holdings CHN Real Estate 2023-09 44.99 21.6% 24.2% 23.1% 4.7% -1.4% 7.5% 6.0% 13.9%
  China Evergrande Group CHN Real Estate 2023-06 37.95 na 34.0% na 115.3% -16.1% -34.6% -21.5% -7.0%
  Longfor Group Holdings Ltd CHN Real Estate 2023-06 30.86 na -38.9% na -22.1% 2.3% 13.1% 18.5% 26.8%
  China Merchants Shekou Ind. CHN Real Estate 2023-09 24.02 -23.6% -14.0% -15.3% 0.6% 13.9% 18.8% 23.3% 19.2%
Technology Legend Holdings Ltd CHN Hardware 2023-06 63.15 na -21.0% na -17.3% -10.0% 4.5% 7.6% 7.6%
  Foxconn Industrial Internet CHN Hardware 2023-09 68.02 -10.1% -12.9% -8.9% -3.2% 16.4% 8.9% 7.8% 7.6%
  Xiaomi Corp CHN Hardware 2023-09 37.19 -3.5% -7.0% -13.5% -18.3% -22.2% 3.6% 10.9% 18.2%
  Luxshare Precision Industry CHN Hardware 2023-09 31.86 -8.5% 2.2% 7.3% 3.0% 39.0% 52.1% 50.7% 56.5%
  BOE Technology Group CHN Hardware 2023-09 24.42 12.6% 7.6% -4.7% -8.9% -19.3% 14.7% 15.4% 13.7%
  TCL Technology Group Corp CHN Semiconductors 2023-09 24.57 14.2% 9.0% 5.2% 2.4% 1.7% 47.3% 30.4% 8.3%
  LONGi Green Energy Technology CHN Semiconductors 2023-09 19.35 -18.9% -3.4% 8.5% 22.8% 60.0% 53.7% 57.7% 51.1%
Utilities Huaneng Power International Inc CHN Utilities - Independent Power Producers 2023-09 36.04 -2.7% 6.2% 4.0% 4.3% 20.3% 20.7% 12.4% 10.0%
  GD Power Development CHN Utilities - Independent Power Producers 2023-09 26.06 -11.0% -7.5% -6.1% -6.0% 14.4% 15.6% 18.2% 26.4%
Source: Annual Filings, Company Website