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Hurun China 500 Most Valuable Private Companies 2019

Source：Hurun Research Institute

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IssueTime：2020-01-09

The Hurun Research Institute today released the Hurun China 500 Most Valuable Private Companies 2019.

Alibaba, Tencent Holdings, and Ping An Insurance become China's Top 3 most valuable private companies with market value of US$545 billion, US$408 billion and US$215 billion

Huawei ranks 4^th with a valuation of US$172 billion

Meituan Dianping Ranks 6^th with US$79 billion. There are two companies in the Top 10 that have been established for less than ten years: ByteDance with a valuation of US$76 billion and Didi with a valuation of US$52 billion

The Top 10 have a total valuation of US$1.8 trillion. 5 years ago, it was US$700 billion; 10 years ago, it was US$215 billion

Gree Electric Appliances ranked 11^th with a market value of US$50 billion; JD Group ranked 12^th with a market value of US$48 billion

Pinduoduo ranked 14^th with a market value of US$42 billion, surpassing Baidu and NetEase

OPPO and VIVO enter the Top 50 with a valuation of US$19 billion and US$17 billion, respectively

Luckin Coffee, which was established less than three years, entered the Top 200 with a market value of US$7 billion

Beijing has the most companies on the list, with 101; followed by 67 in Shanghai and 63 in Shenzhen; and then 30 in Hangzhou and 27 in Guangzhou; Suzhou, Chengdu, Nanjing, Hefei and Shaoxing also entered the Top 10; The companies from the Top 10 cities accounted for 70% of the total list

The heads of the 4 companies are from outside mainland China: Zhu Dingjian from Mission Hills Group, Lin Hongxiu from Rong Qiao Group, John Oyler from BeiGene and Allan Warburg and Dan Friis from Bestseller Fashion Group China

Advanced manufacturing, real estate, and healthcare are the Top 3 industries with the most companies on the list, each with 73, 68, and 66 companies; followed by 31 media & entertainment and 28 finance. The Top 5 industries account for half of the list, The Top 10 industries account for 70% of the total list

10 entrepreneurs participated in the founding of 2 or more of the Top 500 companies, such as Zhang Ruimin founded Haier Smart Home, Haier Electronics Group and Haier Financial Holdings, Li Ge founded WuXi AppTec and WuXi Biologics

Hurun Research Institute today released the Hurun China 500 Most Valuable Private Companies 2019

(9 January 2020, Shanghai) The Hurun Research Institute today released the Hurun China 500 Most Valuable Private Companies 2019, which listed the Top 500 Chinese private enterprises and ranked according to their market value or valuation. ‘Chinese private enterprises’ here refers to non-state-controlled enterprises with headquarters in mainland China. The market value of listed companies is calculated based on the closing price on 29 November 2019. The valuation of non-listed companies is estimated with reference to listed companies from the same industry. This is the first time the Hurun Research Institute has released this list.

The threshold to make the Top 500 is US$2 billion. The listed companies have a total market value of US$5 trillion and an average market value of US$11 billion.

“We are in an era when it is about value created rather than sales generated that ought to be used to differentiate the best companies in China,” said Rupert Hoogewerf, chairman and chief researcher of the Hurun Report. “Some of the Hurun China 500 make only relatively small revenues, but create massive shareholder value. Hengrui Medicine and Haitian, for example, are worth US$55 billion and US$42 billion respectively on revenues of only US$3 billion.”

“Companies on the Hurun China 500 create significant value for local governments, in terms of GDP, industry development, tax revenues and skilled labour.”

“Half of the Top 500 companies are in emerging industries, especially in the fields of advanced manufacturing, healthcare, media & entertainment and e-commerce.”

“Of the Top 500, two-thirds are listed companies, and the remaining one-third are non-listed companies or only partially listed.”

This is a brief English language summary of the full Chinese press release which can be found at www.hurun.net. For media enquiries please contact our public relations team whose contact details can be found at the end of this report.

Top 10

Guangdong has the most companies, with 4; followed by Beijing, with 3; Zhejiang has 2 ranked 3^rd. 8 companies are from emerging industries, distributed in the fields of E-Commerce, Media & Entertainment, and comprehensive health. Alibaba ranked first with a market value of US$545 billion, Tencent ranked second with a market value of US$408 billion, and Ping An Insurance ranked third with a market value of US$215 billion.

Rank	Corporation	Co Value US$bn	Industry	HQ	Chairperson
1	Alibaba	545	E-Commerce	Hangzhou	Zhang Yong
2	Tencent Holdings	408	Media & Entertainment	Shenzhen	Ma Huateng
3	Ping An Insurance	215	Insurance	Shenzhen	Ma Mingzhe
4	Huawei	172	Electronics and Telecommunication	Shenzhen	Liang Hua
5	Ant Financial Services	143	FinTech	Hangzhou	Jing Xiandong
6	Meituan Dianping	78.6	E-Commerce	Beijing	Wang Xing
7	ByteDance	75.8	Media & Entertainment	Beijing	Zhang Yiming
8	Hengrui Medicine	54.3	Life Sciences	Lianyungang	Sun Piaoyang
9	Midea Group	53.9	Household Appliances	Foshan	He Xiangjian
10	Didi	51.5	Shared Economy	Beijing	Cheng Wei

Source: Hurun China 500 Most Valuable Private Companies 2019

Five years ago, only Alibaba had a market value of more than CNY￥1 trillion. Ten years ago, no company had a market capitalization of more than CNY￥1 trillion and Ping An Insurance had a market value of more than US$62 billion at the time and was China's most valuable private enterprise.

The Top 10 threshold has increased 6 times from US$8 billion to US$52 billion in ten years. Rupert said: "Compared with five or ten years ago, we can see that China's private economy has achieved great development."

Top 10 five years ago			Top 10 ten years ago
	Corporation	Co Value US$bn		Corporation	Co Value US$bn
1	Alibaba	243	1	Ping An Insurance	62
2	Tencent Holdings	131	2	Tencent Holdings	31
3	Baidu	75	3	Huawei	26
4	Huawei	60	4	China Minsheng Banking	24
5	Ping An Insurance	57	5	BYD	19
6	China Minsheng Banking	35	6	Baidu	15
7	Wanda Group	30	7	Suning	12
8	JD Group	28	8	Sany Group	10
9	Hanergy	20	9	Nine Dragons Paper	8
10	Xinwei	16	10	China Evergrande Group	8

Source: Hurun China 500 Most Valuable Private Companies 2019

Geographic Distribution

Beijing ranked 1^st with 101 companies. Shanghai and Shenzhen ranked 2^nd and 3^rd with 67 and 63 respectively. Hangzhou and Guangzhou ranked 4^th and 5^th with 30 and 27 respectively. Followed by Suzhou (10), Chengdu (9), Nanjing (9), Hefei (8) and Shaoxing(8). In the emerging industries, Media & Entertainment, Healthcare, and advanced manufacturing are the main industries listed in Beijing, Shanghai and Shenzhen. Real Estate accounts for the highest proportion in the traditional industries.

	Headquarters by province	No. of Companies		Headquarters by city	No. of Companies
1	Guangdong	116	1	Beijing	101
2	Beijing	101	2	Shanghai	67
3	Shanghai	67	3	Shenzhen	63
4	Zhejiang	61	4	Hangzhou	30
5	Jiangsu	33	5	Guangzhou	27
6	Shandong	23	6	Suzhou	10
7	Fujian	20	7	Chengdu	9
8	Anhui	12	7	Nanjing	9
9	Sichuan	10	9	Hefei	8
10	Henan	9	9	Shaoxing	8
11	Hubei	6	11	Foshan	7
11	Hunan	6	11	Xiamen	7
13	Hebei	5	11	Yantai	7
13	Jiangxi	5	11	Fuzhou	7
13	Inner Mongolia	5	15	Ningbo	6
16	Liaoning	4	15	Changsha	6
16	Tianjin	4	17	Jiaxing	5
16	Xinjiang	4	17	Wenzhou	5
16	Chongqing	4	17	Wuhan	5
20	Yunnan	3	20	Chongqing	4
21	Guizhou	2	20	Dongguan	4
21	Hainan	2	20	Qingdao	4
21	Jilin	2	20	Tianjin	4
21	Shaanxi	2	20	Zhengzhou	4
25	Gansu	1	20	Zhongshan	4
25	Ningxia	1	20	Zhuhai	4
25	Shanxi	1

Source: Hurun China 500 Most Valuable Private Companies 2019

Industrial Distribution

Among the Top 500 companies, there are 238 companies covering emerging industries, accounting for 47%, led by Alibaba and Tencent. "Emerging industries" include energy conservation and environmental protection, emerging information industries, biological industries, new energy, new energy vehicles, high-end equipment manufacturing and new materials. Among traditional industries, real estate accounts for the highest proportion, followed by finance and food and beverage industries.

	Industries	No. of Companies	Representative Companies
1	Advanced Manufacturing	73	Huawei, Hikvision, Xiaomi, CATL, BYD
2	Real Estate	68	China Evergrande Group, Country Garden Holdings, Longfor Group
3	Healthcare	66	Hengrui Medicine, Mindray Bio-Medical Electronics, Yangtze River Pharmaceutical Group
4	Media & Entertainment	31	Tencent Holdings, ByteDance, NetEase
5	Finance	28	Ping An Insurance, China Minsheng Banking, Taikang Insurance
6	Food & Beverage	22	Haitian Flavouring and Food Company, Yili Industrial Group, Shuanghui
7	Heavy Industry	21	Sany, Geely Holding Group, Great Wall Motor
8	Chemicals	20	Hengli Group, Rongsheng, Hengyi Group
9	E-Commerce	18	Alibaba, Meituan Dianping, JD Group
10	Retailing	16	Yonghui Superstores, Guanghui, Zhongsheng Group
11	Software	13	Yonyou Network Technology, Han's Laser Technology Industry Group, Yealink
12	FinTech	12	Ant Financial Services, Lufax, Webank, JD Digits
12	Agriculture	12	Muyuan Foods, Wens Foodstuff Group, Haid Group
12	Non-ferrous Metals	12	China Molybdenum, East Hope Group, Nanshan Group
12	Garments	12	Anta, Li-Ning, Heilan Group
16	AI	11	iFlytek, Sensetime, Megvii
16	Logistics	11	SF Holding, ZTO, Yunda Holding

Source: Hurun China 500 Most Valuable Private Companies 2019

Hurun China 500 Most Valuable Private Companies 2019

Rank	Corporation	Co Value US$mn	Industry	Headquarters by province	Headquarters by city	Chairperson
1	Alibaba	545,000	E-Commerce	Zhejiang	Hangzhou	Zhang Yong
2	Tencent Holdings	408,000	Media & Entertainment	Guangdong	Shenzhen	Ma Huateng
3	Ping An Insurance	215,000	Insurance	Guangdong	Shenzhen	Ma Mingzhe
4	Huawei	172,000	Electronics and Telecommunication	Guangdong	Shenzhen	Liang Hua
5	Ant Financial Services	143,000	FinTech	Zhejiang	Hangzhou	Jing Xiandong
6	Meituan Dianping	78,600	E-Commerce	Beijing	Beijing	Wang Xing
7	ByteDance	75,800	Media & Entertainment	Beijing	Beijing	Zhang Yiming
8	Hengrui Medicine	54,300	Life Sciences	Jiangsu	Lianyungang	Sun Piaoyang
9	Midea Group	53,900	Household Appliances	Guangdong	Foshan	He Xiangjian
10	Didi	51,500	Shared Economy	Beijing	Beijing	Cheng Wei
11	Gree Electric Appliances	49,600	Household Appliances	Guangdong	Zhuhai	Dong Mingzhu
12	JD Group	47,500	E-Commerce	Beijing	Beijing	Liu Qiangdong
13	Hikvision	42,200	Electronic Components	Zhejiang	Hangzhou	Chen Zongnian
14	Pinduoduo	41,900	E-Commerce	Shanghai	Shanghai	Huang Zheng
15	Baidu	41,300	Internet Information Services	Beijing	Beijing	Li Yanhong
15	Haitian Flavouring and Food Company	41,300	Condiments	Guangdong	Foshan	Pang Kang
17	NetEase	40,400	Media & Entertainment	Zhejiang	Hangzhou	Ding Lei
18	Lufax	38,600	FinTech	Shanghai	Shanghai	Ji Kuisheng
19	China Minsheng Banking	37,200	Finance	Beijing	Beijing	Hong Qi
20	China Evergrande Group	31,600	Real Estate	Guangdong	Shenzhen	Xu Jiayin
21	Mindray Bio-Medical Electronics	31,300	Health Tech	Guangdong	Shenzhen	Li Xiting
22	Taikang Insurance	30,800	Insurance	Beijing	Beijing	Chen Dongsheng
23	Country Garden Holdings	30,600	Real Estate	Guangdong	Foshan	Yang Guoqiang
24	Xiaomi	27,800	Intelligent Devices	Beijing	Beijing	Lei Jun
25	CATL	27,600	New Energy	Fujian	Ningde	Zeng Yuqun
26	Muyuan Foods	27,200	Animal Husbandry	Henan	Nanyang	Qin Yinglin
26	Wens Foodstuff Group	27,200	Animal Husbandry	Guangdong	Yunfu	Wen Zhifen
28	Luxshare Precision Industry	26,000	Electronic Equipments	Guangdong	Shenzhen	Wang Laichun
29	Anta	25,800	Garments	Fujian	Xiamen	Ding Shizhong
30	Yili Industrial Group	25,500	Food & Beverage	Inner Mongolia	Huhehaote	Pan Gang
31	TAL Education	25,200	Education	Beijing	Beijing	Zhang Bangxin
32	Longfor Group	24,600	Real Estate	Beijing	Beijing	Wu Yajun
33	SF Holding	24,000	Logistics	Guangdong	Shenzhen	Wang Wei
34	Haidilao	22,500	Restaurant	Beijing	Beijing	Zhang Yong
35	Sunac China Holdings	21,900	Real Estate	Tianjin	Tianjin	Sun Hongbin
36	Webank	21,500	FinTech	Guangdong	Shenzhen	Gu Min
37	Yangtze River Pharmaceutical Group	20,800	Life Sciences	Jiangsu	Taizhou	Xu Jingren
38	WuXi AppTec	20,500	Life Sciences	Shanghai	Shanghai	Li Ge
39	360 Security Technology	20,000	Cyber Security	Beijing	Beijing	Zhou Hongyi
40	Sany Group	19,900	Machinery Manufacturing	Beijing	Beijing	Liang Wengen
40	Shenzhou International	19,900	Garments	Zhejiang	Ningbo	Ma Jianrong
42	Ctrip	19,500	E-Commerce	Shanghai	Shanghai	Liang Jianzhang
43	JD Digits	19,000	FinTech	Beijing	Beijing	Chen Shengqiang
43	New Oriental Education & Technology Group	19,000	Education	Beijing	Beijing	Yu Minhong
45	OPPO	18,600	Intelligent Devices	Guangdong	Dongguan	Chen Mingyong
45	Hengli Group	18,600	Chemical Fibre	Jiangsu	Suzhou	Chen Jianhua
47	Wanda Group	18,500	Real Estate	Beijing	Beijing	Wang Jianlin
48	Aier Eye Hospital Group	17,900	Medical Services	Hunan	Changsha	Chen Bang
49	ENN Group	17,800	Clean Energy	Hebei	Langfang	Wang Yusuo
50	VIVO	17,200	Intelligent Devices	Guangdong	Dongguan	Shen Wei
50	Hansoh Pharmaceutical	17,200	Life Sciences	Jiangsu	Lianyungang	Zhong Huijuan
50	Geely Holding Group	17,200	Auto Manufacturing	Zhejiang	Hangzhou	Li Shufu
50	Kuaishou	17,200	Media & Entertainment	Beijing	Beijing	Su Hua
50	China Pacific Construction	17,200	Infrastructure	Xinjiang	Wulumuqi	Yan Hao
55	ZTO	16,800	Logistics	Shanghai	Shanghai	Lai Meisong
56	Sino Biopharmaceutical	16,300	Life Sciences	Beijing	Beijing	Xie Qirun
57	Offcn Education Technology	16,200	Education	Beijing	Beijing	Li Yongxin
58	BYD	15,600	New Energy	Guangdong	Shenzhen	Wang Chuanfu
59	Will Semiconductor	15,500	Semiconductor	Shanghai	Shanghai	Yu Renrong
60	Shuanghui	15,200	Food & Beverage	Henan	Zhengzhou	Wan Long
61	Haier Smart Home	15,000	Household Appliances	Shandong	Qingdao	Liang Haishan
62	WuXi Biologics	14,800	Life Sciences	Shanghai	Shanghai	Li Ge
63	DJI	14,300	Robotics	Guangdong	Shenzhen	Wang Tao
63	CSPC Pharmaceutical Group	14,300	Pharmaceutical Industry	Hebei	Shijiazhuang	Cai Dongchen
63	Wanxiang Group	14,300	Machinery Manufacturing, Agriculture, Investments	Zhejiang	Hangzhou	Lu Weiding
63	Wingtech	14,300	Semiconductor	Zhejiang	Jiaxing	Zhang Xuezheng
67	iQIYI	13,900	Media & Entertainment	Beijing	Beijing	Gong Yu
68	Amer International Group	13,600	Non-ferrous Metal	Guangdong	Shenzhen	Wang Wenyin
69	Eastmoney	13,300	Financial Data Services	Shanghai	Shanghai	Qishi
70	Suning	13,200	New Retail	Jiangsu	Nanjing	Zhang Jindong
71	Guanghui	12,900	Auto Retails, Energy, Real Estate	Xinjiang	Wulumuqi	Sun Guangxin
71	Longi Green Energy Technology	12,900	New Energy	Shaanxi	Xian	Zhong Baoshen
73	Goodix Technology	12,700	Electronic Components	Guangdong	Shenzhen	Zhang Fan
74	New Hope Group	12,500	Animal Husbandry, Finance	Sichuan	Chengdu	Liu Yonghao
75	BeiGene	12,200	Life Sciences	Beijing	Beijing	John Oyler
76	China Fortune Land Development	12,000	Real Estate	Beijing	Beijing	Wang Wenxue
76	Shimao Group	12,000	Real Estate	Shanghai	Shanghai	Xu Rongmao
78	Focus Media	11,800	Media & Entertainment	Shanghai	Shanghai	Jiang Nachun
79	Fosun International	11,600	Investments	Shanghai	Shanghai	Guo Guangchang
80	Hainan Airlines	11,500	Air Transportation	Hainan	Haikou	Chen Feng
80	Rongsheng	11,500	Chemical Industry	Zhejiang	Hangzhou	Li Shuirong
82	China Molybdenum	11000	Molybdenum	Henan	Luoyang	Li Zhaochun
83	Weiqiao Pioneering Group	10,800	Textile	Shandong	Binzhou	Zhang Bo
84	iFlytek	10,500	Artificial Intelligence	Anhui	Hefei	Liu Qingfeng
84	Great Wall Motor	10,500	Auto Manufacturing	Hebei	Baoding	Wei Jianjun
86	Lingyi iTtech Company	10,300	Electronic Components	Guangdong	Shenzhen	Zeng Fangqin
87	Yonghui Superstores	10,200	Supermarket	Fujian	Fuzhou	Zhang Xuansong
87	Zhifei Biological	10,200	Life Sciences	Chongqing	Chongqing	Jiang Rensheng
89	Huazhu Group	10,100	Hotel Chain	Shanghai	Shanghai	Ji Qi
90	Baofeng Energy Group	10,000	Energy	Ningxia	Yinchuan	Dang Yanbao
90	East Hope Group	10,000	Non-ferrous Metal	Shanghai	Shanghai	Liu Yongxing
90	Reignwood Group	10,000	Food & Beverage	Beijing	Beijing	Yan Bin
90	Yonyou Network Technology	10,000	Application Software Development	Beijing	Beijing	Wang Wenjing
94	Sanan Group	9,720	New Energy	Fujian	Xiamen	Lin Xiucheng
95	Dali Foods	9,360	Food & Beverage	Fujian	Quanzhou	Xu Shihui
96	58.com	9,290	E-Commerce	Beijing	Beijing	Yao Jinbo
96	Yunda Holding	9,290	Logistics	Shanghai	Shanghai	Nie Tengyun
98	Nanshan Group	9,150	Non-ferrous Metal	Shandong	Yantai	Song Zuowen
99	Goertek	9,000	Electronic Components	Shandong	Weifang	Jiang Bin
100	Country Garden Services Holdings	8,860	Property Services	Guangdong	Foshan	Yang Huiyan
100	Excellence Group	8,860	Real Estate	Guangdong	Shenzhen	Li Hua
102	Tongwei Group	8,720	Animal Husbandry, New Energy	Sichuan	Chengdu	Liu Hanyuan
103	Beike	8,580	Real Estate Tech	Tianjin	Tianjin	Zuo Hui
103	Cars	8,580	E-Commerce	Beijing	Beijing	Yang Haoyong
103	Wahaha	8,580	Food & Beverage	Zhejiang	Hangzhou	Zong Qinghou
103	Chint Group	8,580	Electronic Equipments, Investments	Zhejiang	Wenzhou	Na Cunhui
107	Vipshop Holdings	8,500	E-Commerce	Guangdong	Guangzhou	Shen Ya
108	Red Star Macalline Group	8,290	Household Retails, Real Estate	Shanghai	Shanghai	Che Jianxing
108	Health 100 Group	8,290	Medical Services	Shanghai	Shanghai	Yu Rong
108	Century Huatong	8,290	Machinery Manufacturing	Zhejiang	Shaoxing	Wang Miaotong
108	China Feihe	8,290	Food & Beverage	Beijing	Beijing	Leng Youbin
112	Lepu Medical Technology	8,220	Health Tech	Beijing	Beijing	Pu Zhongjie
113	Autohome	8,150	E-Commerce	Beijing	Beijing	Lu Min
113	AAC Technologies	8,150	Electronic Components	Guangdong	Shenzhen	Pan Zhengmin
113	Zhongsheng Group	8,150	Auto Retails	Beijing	Beijing	Huang Yi
116	Logan Property Holdings Company	8,080	Real Estate	Guangdong	Shenzhen	Ji Haipeng
117	Century Golden Resources	8,000	Real Estate, Investments	Beijing	Beijing	Huang Rulun
117	Shiyuan Electronic Technology	8,000	Electronic Components	Guangdong	Guangzhou	Wang Yiran
117	Suning Finance	8,000	FinTech	Shanghai	Shanghai	Zhang Jindong
120	Fuyao Glass	7,860	Glass	Fujian	Fuzhou	Cao Dewang
120	Haier Electronics Group	7,860	Household Appliances	Shandong	Qingdao	Zhou Yunjie
120	Hengan Group	7,860	Household Chemicals	Fujian	Quanzhou	Shi Wenbo
120	Sha Steel Group	7,860	Iron & Steel	Jiangsu	Suzhou	Shen Wenrong
120	Yango Longking Group	7,860	Real Estate, Investments	Fujian	Fuzhou	Lin Tengjiao
125	Gemdale Group	7,720	Real Estate	Guangdong	Shenzhen	Ling Ke
125	Momo	7,720	Media & Entertainment	Beijing	Beijing	Tang Yan
127	Lens Technology	7,580	Electronic Components	Hunan	Changsha	Zhou Qunfei
127	Gigadevice Semiconductor	7,580	Electronic Components	Beijing	Beijing	Zhu Yiming
129	TCL Corporation	7,430	Semiconductor, Financial Services	Guangdong	Huizhou	Li Dongsheng
129	Li-Ning	7,430	Garments	Beijing	Beijing	Li Ning
131	Dahua Technology	7,290	Electronic Components	Zhejiang	Hangzhou	Fu Liquan
132	Fangda Group	7,150	Graphite & Carbon Products	Beijing	Beijing	Fang Wei
132	Fuwah International Group	7,150	Real Estate	Beijing	Beijing	Chen Lihua
132	luckin coffee	7,150	New Retail	Fujian	Xiamen	Qian Zhiya
135	Tunghsu Group	7,000	Electronic Components	Beijing	Beijing	Li Zhaoting
135	Kangtai Biological Products	7,000	Life Sciences	Guangdong	Shenzhen	Du Weimin
135	Meicai	7,000	E-Commerce	Beijing	Beijing	Liu Chuanjun
135	Sensetime	7,000	Artificial Intelligence	Beijing	Beijing	Tang Xiaoou
135	Taobo	7,000	Garments	Shanghai	Shanghai	Sheng Baijiao
135	Hithink Royalflush	7,000	Financial Data Services	Zhejiang	Hangzhou	Yi Zheng
141	Haid Group	6,930	Feedstuff	Guangdong	Guangzhou	Xue Hua
142	Hengyi Group	6,860	Chemical Industry	Zhejiang	Hangzhou	Qiu Jianlin
143	Han's Laser Technology Industry Group	6,720	Application Software Development	Guangdong	Shenzhen	Gao Yunfeng
143	Hualan Biological Engineering	6,720	Life Sciences	Henan	Xinxiang	An Kang
143	Tigermed	6,720	Life Sciences	Zhejiang	Hangzhou	Ye Xiaoping
143	Yihai	6,720	Food & Beverage	Beijing	Beijing	Shi Yonghong
147	Sangfor Technologies	6,650	Cloud	Guangdong	Shenzhen	He Chaoxi
147	Walvax Biotechnology	6,650	Life Sciences	Yunnan	Kunming	Li Yunchun
149	37 Interactive Entertainment	6,580	Media & Entertainment	Anhui	Wuhu	Wu Xushun
149	NHU	6,580	Pharmaceutical Industry	Zhejiang	Shaoxing	Hu Baifan
151	Ucar	6,500	Shared Economy	Beijing	Beijing	Lu Zhengyao
152	Hailiang Group	6,430	Non-ferrous Metal, Real Estate, Education	Zhejiang	Shaoxing	Feng Hailiang
152	Sanhua Holdings	6,430	Machinery Manufacturing, Real Estate	Zhejiang	Shaoxing	Zhang Daocai
152	Perfect World	6,430	Media & Entertainment	Beijing	Beijing	Chi Yufeng
152	Xinfa Group	6,430	Non-ferrous Metal	Shandong	Liaocheng	Zhang Gang
156	Inovance Technology	6,290	Electronic Equipments	Guangdong	Shenzhen	Zhu Xingming
156	Seazen Holdings	6,290	Real Estate	Shanghai	Shanghai	Wang Xiaosong
158	Sunshine Insurance Group	6,220	Insurance	Guangdong	Shenzhen	Zhang Weigong
159	Antobio	6,150	Life Sciences	Henan	Zhengzhou	Miao Yongjun
159	Lonsen Holdings	6,150	Chemical Industry	Zhejiang	Shaoxing	Ruan Weixiang
159	EVE Energy	6,150	New Energy	Guangdong	Huizhou	Liu Jincheng
162	M&G Stationery	6,000	Stationery	Shanghai	Shanghai	Chen Huwen
162	Heilan Group	6,000	Garments	Jiangsu	Wuxi	Zhou Jianping
162	Manbang Group	6,000	Logistics Tech	Guizhou	Guiyang	Wang Gang
162	Oppein Home Group	6,000	Furniture	Guangdong	Guangzhou	Yao Liangsong
166	Yealink	5,930	Application Software Development	Fujian	Xiamen	Chen Zhisong
167	Shenghong Group	5,860	Chemical Fibre	Jiangsu	Suzhou	Miao Hangen
167	Maxscend Microelectronics	5,860	Electronic Components	Jiangsu	Wuxi	Xu Zhihan
169	CIFI Group	5,790	Real Estate	Shanghai	Shanghai	Lin Zhong
170	Worldland Group	5,720	Media & Entertainment	Zhejiang	Hangzhou	Huang Qiaoling
170	GCL Group	5,720	New Energy	Jiangsu	Suzhou	Zhu Gongshan
170	Xinhu Group	5,720	Real Estate, Finance	Zhejiang	Hangzhou	Huang Wei
170	Cedar Holdings	5,720	Logistics, Chemical Industry	Guangdong	Guangzhou	Zhang Jin
174	Agile Group	5,580	Real Estate	Guangdong	Guangzhou	Chen Zhuolin
175	Hengli Hydraulic	5,500	Machinery Manufacturing	Jiangsu	Changzhou	Wang Liping
175	Bloomage Biotechnology	5,500	Life Sciences	Beijing	Beijing	Zhao Yan
175	Wego Group	5,500	Health Tech	Shandong	Weihai	Chen Xueli
175	Wedoctor	5,500	Health Tech	Zhejiang	Hangzhou	Liao Jieyuan
175	Shiji Information Technology	5,500	Application Software Development	Beijing	Beijing	Li Zhongchu
180	Bilibili	5,430	Media & Entertainment	Shanghai	Shanghai	Chen Rui
180	R&F Properties	5,430	Real Estate	Guangdong	Guangzhou	Li Silian
180	Sunway Communication	5,430	Electronic Components	Guangdong	Shenzhen	Peng Hao
183	Rongsheng Holdings	5,360	Real Estate	Hebei	Langfang	Geng Jianming
184	51Job	5,290	E-Commerce	Shanghai	Shanghai	Zhao Ke Ren, Zhen Ronghui
184	Spring Airlines	5,290	Air Transportation	Shanghai	Shanghai	Wang Yu
184	Glodon	5,290	Application Software Development	Beijing	Beijing	Diao Zhizhong
184	Zhenro Group	5,290	Real Estate	Shanghai	Shanghai	Ou Zongrong
184	Hengtong Group	5,290	Wire & Cable	Jiangsu	Suzhou	Cui Genliang
189	Bosideng	5,150	Garments	Jiangsu	Suzhou	Gao Dekang
189	Oriental Yuhong	5,150	Building Materials	Beijing	Beijing	Li Weiguo
189	YY Group	5,150	Media & Entertainment	Guangdong	Shenzhen	Li Xueling
189	Easyhome	5,150	Household Retails	Beijing	Beijing	Wang Linpeng
189	New Century Cruise	5,150	Media & Entertainment	Shanghai	Shanghai	Shi Yuzhu
189	Pharmaron	5,150	Life Sciences	Beijing	Beijing	Lou Bailiang
189	Shanghai RAAS	5,150	Life Sciences	Shanghai	Shanghai	Chen Jie
189	Wuhan Dangdai Science And Technology	5,150	Investments	Hubei	Wuhan	Ai Luming
189	Zhengbang Group	5,150	Agriculture	Jiangxi	Nanchang	Lin Yinsun
189	Jonjee Hi-Tech Industrial And Commercial	5,150	Condiments, Real Estate	Guangdong	Zhongshan	Chen Lin
189	Zhongan Insurance	5,150	FinTech	Shanghai	Shanghai	Ou Yaping
200	Jiacheng Group	5,080	Iron & Steel	Liaoning	Yingkou	Sun Shoukuan
201	Jinke Investment Holding Group	5,000	Real Estate	Chongqing	Chongqing	Huang Hongyun
201	Kanghong Pharmaceuticals	5,000	Pharmaceutical Industry	Sichuan	Chengdu	Ke Zunhong
201	Languan Group	5,000	Real Estate	Sichuan	Chengdu	Yang Keng
201	United Imaging	5,000	Health Tech	Shanghai	Shanghai	Xue Min
201	Xinyi Solar	5,000	New Energy	Anhui	Wuhu	Li Xianyi
201	Ubtech	5,000	Robotics	Guangdong	Shenzhen	Zhou Jian
201	YTO	5,000	Logistics	Shanghai	Shanghai	Yu Huijiao
208	Funde Sino Life Insurance	4,860	Insurance	Guangdong	Shenzhen	Zhang Jun
208	Chinalin Securities	4,860	Finance	Guangdong	Shenzhen	Lin Li
208	Jemincare	4,860	Pharmaceutical Industry	Jiangxi	Nanchang	Li Yihai
208	Nine Dragons Paper	4,860	Papermaking	Guangdong	Dongguan	Zhang Yin
208	Legend Holdings	4,860	Intelligent Devices	Beijing	Beijing	Liu Chuanzhi
208	Meijing Energy	4,860	Energy	Shanxi	Taiyuan	Yao Junliang
208	OFILM Group	4,860	Electronic Components	Guangdong	Shenzhen	Cai Rongjun
208	Tianqi Lithium	4,860	Non-ferrous Metal	Sichuan	Suining	Jiang Weiping
216	Ganfeng Lithium	4,790	New Energy	Jiangxi	Xinyu	Li Liangbin
216	Kelun Pharmaceutical	4,790	Pharmaceutical Industry	Sichuan	Chengdu	Liu Gexin
216	Youngor	4,790	Garments, Real Estate	Zhejiang	Ningbo	Li Rucheng
216	Changfeng	4,790	Real Estate	Shanghai	Shanghai	Tong Jinquan
220	Energy New Material	4,720	Packing	Yunnan	Yuxi	Li Xiaoming
220	Huayou Cobalt	4,720	Non-ferrous Metal	Zhejiang	Jiaxing	Chen Xuehua
220	Three-Circle Group	4,720	Electronic Components	Guangdong	Chaozhou	Zhang Wanzhen
220	Tian Mao Group	4720	Investments	Shanghai	Shanghai	Liu Yiqian
220	Top Choice Medical	4,720	Health Tech	Zhejiang	Hangzhou	Lu Jianming
220	Lead Intelligent Equipment	4,720	New Energy	Jiangsu	Wuxi	Wang Yanqing
220	Cheung Kei Group	4,720	Real Estate	Guangdong	Shenzhen	Chen Hongtian
220	Xinyi Glass	4,720	Glass	Guangdong	Shenzhen	Li Xianyi
228	Royole Technologies	4,650	Electronic Equipments	Guangdong	Shenzhen	Liu Zihong
229	Trendy International	4,580	Garments	Guangdong	Guangzhou	Xu Yu
229	Kouzi Distillery	4,580	Wine	Anhui	Huaibei	Xu Jin
229	Tasly Pharmaceutical Group	4,580	Health Products	Tianjin	Tianjin	Yan Kaijing
229	China Hongqiao Group	4,580	Non-ferrous Metal	Shandong	Binzhou	Zhang Bo
233	VIPKID	4,500	EdTech	Beijing	Beijing	Mi Wenjuan
233	China Biologic Products Holdings	4,500	Life Sciences	Beijing	Beijing	Zhou Fan
233	Zhongji Innolight	4,500	Electronic Equipments	Shandong	Yantai	Wang Weixiu
233	Ziroom	4,500	Real Estate Tech	Beijing	Beijing	Zuo Hui
237	Buchang Group	4,430	Pharmaceutical Industry	Beijing	Beijing	Zhao Tao
237	Chuanhua Group	4,430	Chemical Industry, Logistics	Zhejiang	Hangzhou	Xu Guanju
237	Transsion Holdings	4,430	Intelligent Devices	Guangdong	Shenzhen	Zhu Zhaojiang
237	Dongshan Precision Manufacturing	4,430	Electronic Components	Jiangsu	Suzhou	Yuan Fugen
237	Junfa Group	4,430	Real Estate	Yunnan	Kunming	Li Wenbin
237	Innovent Biologics	4,430	Life Sciences	Jiangsu	Suzhou	Yu Dechao
237	Yangyuan Zhihui Beverage	4,430	Food & Beverage	Hebei	Hengshui	Yao Kuizhang
237	Yutong Bus	4,430	New Energy	Henan	Zhengzhou	Tang Yuxiang
245	Putailai	4,360	New Energy	Shanghai	Shanghai	Liang Feng
246	Bitmain	4,290	Blockchain	Beijing	Beijing	Wu Jihan
246	Mission Hills Group	4290	Real Estate	Guangdong	Shenzhen	Zhu Dingjian
246	Jereh Oilfield Services Group	4,290	Machinery Manufacturing	Shandong	Yantai	Sun Weijie
246	Ninestar	4,290	Electronic Components	Guangdong	Zhuhai	Wang Dongying
246	Weltmeister	4,290	E-Cars	Shanghai	Shanghai	Shen Hui
246	Galaxy Holdings	4,290	Real Estate	Guangdong	Shenzhen	Huang Chulong
246	Central South Construction Group	4,290	Real Estate	Jiangsu	Nantong	Chen Jinshi
252	Sinnet Technology	4,220	Cloud	Beijing	Beijing	Geng Diangen
252	Sunner Group	4,220	Animal Husbandry	Fujian	Nanping	Fu Guangming
254	GSX Techedu	4,150	EdTech	Beijing	Beijing	Chen Xiangdong
254	Enlight Media	4,150	Media & Entertainment	Beijing	Beijing	Wang Changtian
254	Jafron Biomedical	4,150	Life Sciences	Guangdong	Zhuhai	Dong Fan
254	Yifeng Pharmacy	4,150	New Retail	Hunan	Changsha	Gao Yi
258	DHC Digital	4,080	Application Software Development	Beijing	Beijing	Xue Xiangdong
258	Jianlong Group	4,080	Iron & Steel	Beijing	Beijing	Zhang Zhixiang
258	Asymchem Laboratories	4,080	Life Sciences	Tianjin	Tianjin	Hong Hao
258	Toly Bread	4,080	Food & Beverage	Liaoning	Shenyang	Wu Xueliang
258	China East Education	4,080	Education	Anhui	Hefei	Wu Junbao
263	Megvii	4,000	Artificial Intelligence	Beijing	Beijing	Yin Qi
263	Robam	4,000	Household Appliances	Zhejiang	Hangzhou	Ren Jianhua
263	Venustech Group	4,000	Cyber Security	Beijing	Beijing	Wang Jia
263	STO	4,000	Logistics	Shanghai	Shanghai	Chen Dejun
263	Xpeng Motors	4,000	E-Cars	Guangdong	Guangzhou	He Xiaopeng
268	Lianmei Group	3,930	Real Estate	Liaoning	Shenyang	Su Zhuangqiang
269	Betta Pharmaceutical	3,860	Life Sciences	Zhejiang	Hangzhou	Ding Lieming
269	Dashenlin Pharmaceutical Group	3,860	New Retail	Guangdong	Guangzhou	Ke Yunfeng
269	Dongbao	3,860	Pharmaceutical Industry	Jilin	Tonghua	Li Jiahong
269	HEC Technology Holding	3,860	Non-ferrous Metal	Guangdong	Dongguan	Zhang Yushuai
269	King-Friend Biochemical Pharmaceutical	3,860	Life Sciences	Jiangsu	Nanjing	Tang Yongqun
269	Juewei	3,860	Food & Beverage	Hunan	Changsha	Dai Wenjun
269	Nanji E-Commerce	3,860	New Retail	Shanghai	Shanghai	Zhang Yuxiang
269	Sunwoda Electronic	3,860	New Energy	Guangdong	Shenzhen	Wang Wei
269	China Aoyuan Group	3,860	Real Estate	Guangdong	Guangzhou	Guo Ziwen
278	Lomon Billions Group	3,790	Chemical Industry	Henan	Jiaozuo	Xu Gang
279	Fuyuan Group	3,720	Real Estate	Guangdong	Shenzhen	Miao Shouliang
279	Kinwong Electronic	3,720	Electronic Equipments	Guangdong	Shenzhen	Liu Shaobai
279	Junzheng Group	3,720	Chemical Industry	Inner Mongolia	Wuhai	Du Jiangtao
279	3Sbio	3,720	Life Sciences	Liaoning	Shenyang	Lou Jing
279	Times China Holdings	3,720	Real Estate	Guangdong	Guangzhou	Cen Zhaoxiong
284	Hoshine Group	3,650	Chemical Industry	Zhejiang	Ningbo	Luo Liguo
284	Jointown Pharmaceutical Group	3,650	New Retail	Hubei	Wuhan	Liu Baolin
284	Semir Garment	3,650	Garments	Zhejiang	Wenzhou	Qiu Guanghe
287	Duoyi Network	3,580	Media & Entertainment	Guangdong	Guangzhou	Xu Bo
287	Erdos Group	3,580	Energy	Inner Mongolia	Ordos	Wang Linxiang
287	Haitian International Holdings	3,580	Machinery Manufacturing	Zhejiang	Ningbo	Zhang Jingzhang
287	Hengdian Group	3,580	Media & Entertainment, Investments	Zhejiang	Jinhua	Xu Yongan
287	Huahai Pharmaceutical	3,580	Pharmaceutical Industry	Zhejiang	Taizhou	Li Hong
287	China Medical System Holdings Limited	3,580	Health Tech	Guangdong	Shenzhen	Lin Gang
287	Meiya Optoelectronic Technology	3,580	New Energy	Anhui	Hefei	Tian Ming
287	TransInfo Technology	3,580	Application Software Development	Beijing	Beijing	Xia Shudong
287	Marubi Biotechnology	3,580	Household Chemicals	Guangdong	Guangzhou	Sun Huaiqing
287	Winning Health Technology	3,580	Health Tech	Shanghai	Shanghai	Zhou Wei
287	Xiuzheng	3,580	Pharmaceutical Industry	Jilin	Changchun	Xiu Laigui
287	ZTT	3,580	Wire & Cable	Jiangsu	Nantong	Xue Jiping
287	Zuoyebang	3,580	EdTech	Beijing	Beijing	Hou Jianbin
300	Linglong	3,500	Chemical Industry	Shandong	Yantai	Wang Feng
300	Zhihu	3,500	Media & Entertainment	Beijing	Beijing	Zhou Yuan
302	Origin Water	3,430	Environmental Protection	Beijing	Beijing	Wen Jianping
302	Double Medical Technology	3,430	Health Tech	Fujian	Xiamen	Lin Zhixiong
302	Souche	3,430	E-Commerce	Beijing	Beijing	Yao Junhong
302	Hubei Daohuaxiang	3,430	Food & Beverage	Hubei	Yichang	Cai Hongzhu
302	Galanz Group	3,430	Household Appliances	Guangdong	Foshan	Liang Qingde
302	BGI Genomics	3,430	Life Sciences	Guangdong	Shenzhen	Wang Jian
302	Kingkey Group	3,430	Real Estate	Guangdong	Shenzhen	Chen Hua
302	Foresea Life Insurance	3,430	Insurance	Guangdong	Shenzhen	Zhang Jinshun
302	Tsingshan Holdings	3,430	Iron & Steel	Zhejiang	Wenzhou	Xiang Bingxue
302	Rizhao Iron And Steel	3,430	Iron & Steel	Shandong	Rizhao	Du Shuanghua
302	Rong Qiao Group	3430	Real Estate	Fujian	Fuzhou	Lin Hongxiu
302	TBEA	3,430	Energy Equipments	Xinjiang	Changji	Zhang Xin
302	Wolwo Pharma	3,430	Life Sciences	Zhejiang	Huzhou	Hu Gengxi
302	Macrolink Group	3,430	Investments	Beijing	Beijing	Fu Jun
315	Kuka Home	3,360	Furniture	Zhejiang	Hangzhou	Gu Jiangsheng
315	Longjitaihe	3,360	Building Materials	Beijing	Beijing	Wei Shaojun
315	Suning Sports	3,360	Media & Entertainment	Jiangsu	Nanjing	Zhang Jindong
315	Sunpaper	3,360	Papermaking	Shandong	Jining	Li Hongxin
315	Tongkun Group	3,360	Chemical Industry, Real Estate	Zhejiang	Jiaxing	Chen Shiliang
315	Elion Holdings	3,360	Clean Energy	Beijing	Beijing	Wang Wenbiao
321	Jinjiang Group	3,290	New Energy	Zhejiang	Hangzhou	Tou Zhenggang
321	Kingdee International Software Group	3,290	Application Software Development	Guangdong	Shenzhen	Xu Shaochun
321	Juneyao Group	3,290	Real Estate, Transportation	Shanghai	Shanghai	Wang Junjin
321	Lihua Animal Husbandry	3,290	Animal Husbandry	Jiangsu	Changzhou	Cheng Lili
321	Qi An Xin	3,290	Cyber Security	Beijing	Beijing	Qi Xiangdong
321	By-Health	3,290	Health Products	Guangdong	Zhuhai	Liang Yunchao
321	Wanda Group	3,290	Chemical Industry	Shandong	Dongying	Shang Jiyong
321	Wind	3,290	Financial Data Services	Shanghai	Shanghai	Lu Feng
321	Wanfeng Auto Holding Group	3,290	Mechanical Equipments Investments	Zhejiang	Shaoxing	Chen Ailian
321	Shinye	3,290	Electronic Products	Jiangsu	Changzhou	Zhou Xiaoping
321	Yuexiu Property	3,290	Real Estate	Guangdong	Guangzhou	Lin Zhaoyuan
321	Cloudwalk Group	3,290	Artificial Intelligence	Guangdong	Guangzhou	Zhou Xi
321	China Lesso Group	3,290	Pipe Manufacturing	Guangdong	Foshan	Huang Lianxi
334	Dingli Machinery	3,220	Mechanical Equipments	Zhejiang	Huzhou	Xu Shugen
334	Centre Testing International Group	3,220	Tech Services	Guangdong	Shenzhen	Wan Feng
334	Huaze Group	3,220	Alcohol Retails	Beijing	Beijing	Wu Xiangdong
334	Visionox Technology	3,220	Electronic Components	Jiangsu	Suzhou	Cheng Tao
338	Oceanwide Holdings	3,150	Real Estate	Beijing	Beijing	Lu Zhiqiang
338	Huaqiang Group	3,150	Investments	Guangdong	Shenzhen	Zhang Hengchun
338	Kingmed Diagnostics Group	3,150	Health Tech	Guangdong	Guangzhou	Liang Yaoming
338	Three Squirrels	3,150	Food & Beverage	Anhui	Hefei	Zhang Liaoyuan
338	SG Micro	3,150	Electronic Components	Beijing	Beijing	Zhang Shilong
343	Hepalink Pharmaceutical Group	3,080	Pharmaceutical Industry	Guangdong	Shenzhen	Li Li
344	Orient Group	3,080	Investments	Beijing	Beijing	Zhang Hongwei
344	FIRST	3,080	New Energy	Zhejiang	Hangzhou	Lin Jianhua
344	Guosheng Financial Holding	3,080	Finance	Guangdong	Shenzhen	Du Li
344	Hongfa Technology	3,080	Electronic Components	Hubei	Wuhan	Guo Manjin
344	Kingsoft	3,080	Application Software Development	Beijing	Beijing	Lei Jun
344	Gold Mantis	3,080	Building Materials	Jiangsu	Suzhou	Zhu Xingliang
344	Wangsu Science & Technology	3,080	Cloud	Shanghai	Shanghai	Liu Chengyan
344	Zhongtian Financial Group	3,080	Real Estate, Finance	Guizhou	Guiyang	Luo Yuping
352	Anxin Trust	3,000	Finance	Shanghai	Shanghai	Shao Mingan
352	Bohai Leasing	3,000	Leasing Services	Xinjiang	Wulumuqi	Zhuo Yiqun
352	Horizon Robotics	3,000	Artificial Intelligence	Beijing	Beijing	Yu Kai
352	Sinocera Functional Material	3,000	Chemical Industry	Shandong	Dongying	Zhang Xi
352	Sitc International Holdings	3,000	Shipping	Shanghai	Shanghai	Yang Shaopeng
352	G-Bits	3,000	Media & Entertainment	Fujian	Xiamen	Lu Hongyan
352	Jinyu Bio-Technology	3,000	Life Sciences	Inner Mongolia	Huhehaote	Zhang Chongyu
352	Midea Real Estate Holding	3,000	Real Estate	Guangdong	Foshan	Hao Hengle
352	Micro-Tech	3,000	Health Tech	Jiangsu	Nanjing	Long Xiaohui
352	Rongmin	3,000	Real Estate	Shaanxi	Xian	Shi Guilu
352	Yitai Group	3,000	Energy	Inner Mongolia	Ordos	Zhang Donghai
352	Yuto Packaging Technology	3,000	Packing	Guangdong	Shenzhen	Wang Huajun
364	Weiming Environment Protection	2,930	New Energy	Zhejiang	Wenzhou	Xiang Guangming
364	Sincere Holding	2,930	Real Estate	Chongqing	Chongqing	Wu Xu
364	Huayu Property Group	2,930	Real Estate	Chongqing	Chongqing	Jiang Yehua
367	Dadi Digital Cinema	2,860	Media & Entertainment	Guangdong	Shenzhen	Liu Rong
367	Du Xiaoman Financial	2,860	FinTech	Beijing	Beijing	Zhu Guang
367	Hakim Unique	2,860	Investments	Zhejiang	Hangzhou	Wang Qicheng
367	Huafeng Group	2,860	Chemical Industry, Investments	Zhejiang	Wenzhou	You Xiaoping
367	Huitongda	2,860	E-Commerce	Jiangsu	Nanjing	Xu Xiuxian
367	Health And Happiness (H&H) International Holdings	2,860	Food & Beverage	Guangdong	Guangzhou	Luo Fei
367	Amlogic	2,860	Semiconductor	Shanghai	Shanghai	Zhong Peifeng
367	Joyson	2,860	Machinery Manufacturing	Zhejiang	Ningbo	Wang Jianfeng
367	Kuayue Express	2,860	Logistics	Beijing	Beijing	Hu Haijian
367	LBX Pharmacy	2,860	New Retail	Hunan	Changsha	Xie Zilong
367	Missfresh	2,860	E-Commerce	Beijing	Beijing	Xu Zheng
367	Orthok	2,860	Health Tech	Anhui	Hefei	Tao Yuequn
367	Opple	2,860	Lighting Equipments	Shanghai	Shanghai	Wang Yaohai
367	Singulato	2,860	E-Cars	Beijing	Beijing	Shen Haiyin
367	Thaihot Group	2,860	Real Estate, Investments	Fujian	Fuzhou	Huang Qisen
367	Ximalaya	2,860	Media & Entertainment	Shanghai	Shanghai	Yu Jianjun
367	Heungkong Holding	2,860	Real Estate	Guangdong	Shenzhen	Di Meiqing
367	Xiaohongshu	2,860	Media & Entertainment	Shanghai	Shanghai	Mao Wenchao
367	Yixia	2,860	Media & Entertainment	Beijing	Beijing	Han Kun
367	Yiguo	2,860	E-Commerce	Shanghai	Shanghai	Jin Guanglei
367	Youxia	2,860	E-Cars	Shanghai	Shanghai	Wei Jun
367	Yuyue Medical Equipment And Supply	2,860	Health Tech	Jiangsu	Zhenjiang	Wu Guangming
389	Guangwei Composites	2,790	Chemical Industry	Shandong	Weihai	Chen Liang
389	Maoye International Holdings	2,790	Real Estate	Guangdong	Shenzhen	Huang Maoru
389	Man Wah Holdings	2,790	Furniture	Guangdong	Huizhou	Huang Minli
389	Malata	2,790	Intelligent Devices	Fujian	Zhangzhou	Wu Kaiting
389	Zhongliang Holdings	2,790	Real Estate	Shanghai	Shanghai	Yang Jian
394	Joincare Pharmaceutical Group	2,720	Health Products	Guangdong	Shenzhen	Zhu Baoguo
395	Thunisoft	2,720	Application Software Development	Beijing	Beijing	Shao Xue
395	Keboda Technology	2,720	Electronic Products	Shanghai	Shanghai	Ke Guihua
395	Lakala	2,720	FinTech	Beijing	Beijing	Sun Taoran
395	Silan Microelectronics	2,720	Media & Entertainment	Zhejiang	Hangzhou	Chen Xiangdong
395	Sunlord Electronics	2,720	Electronic Components	Guangdong	Shenzhen	Yuan Jinyu
395	Weixing Group	2,720	Garments, Pipe Manufacturing	Zhejiang	Taizhou	Zhang Kapeng
395	Salubris Pharmaceuticals	2,720	Life Sciences	Guangdong	Shenzhen	Ye Chenghai
395	Yuanfudao	2,720	EdTech	Beijing	Beijing	Li Yong
395	Tianrui Group Cement Company	2,720	Building Materials	Henan	Pingdingshan	Li Liufa
395	China Education	2,720	Education	Jiangxi	Ganzhou	Yu Guo, Xie Ketao
405	Dabeinong	2,650	Feedstuff	Beijing	Beijing	Shao Genhuo
405	Guide Electrics	2,650	Electronic Components	Hubei	Wuhan	Huang Li
405	Jumpcan	2,650	Life Sciences	Jiangsu	Taixing	Cao Longxiang
405	Nanyang Topsec Technologies Group	2,650	Wire & Cable	Guangdong	Shantou	Zheng Zhongna
405	Wonders Information	2,650	Artificial Intelligence	Shanghai	Shanghai	Shi Yibing
410	Junshi Biosciences	2,580	Life Sciences	Shanghai	Shanghai	Xiong Jun
410	Kangmei	2,580	Pharmaceutical Industry	Guangdong	Jieyang	Ma Xingtian
410	Bestseller Fashion Group China	2580	Garments	Beijing	Beijing	Allan Warburg, Dan Frris
410	Suning Real Estate	2,580	Real Estate	Jiangsu	Nanjing	Zhang Jindong
410	Teway Food	2,580	Food & Beverage	Sichuan	Chengdu	Deng Wen
410	Ucommune	2,580	Shared Economy	Beijing	Beijing	Mao Daqing
410	Thunder Software Technology	2,580	Application Software Development	Beijing	Beijing	Zhao Hongfei
416	2345 Network	2,500	Artificial Intelligence	Shanghai	Shanghai	Chen Yubing
416	Hanrui Cobalt	2,500	Non-ferrous Metal	Jiangsu	Nanjing	Liang Jiankun
416	Jingsheng Mechanical & Electrical Co	2,500	Machinery Manufacturing	Zhejiang	Shaoxing	Cao Jianwei
416	Shanshan Group	2,500	Garments, New Energy	Shanghai	Shanghai	Zheng Yonggang
416	Grand Enterprises Holdings	2,500	Pharmaceutical Industry	Beijing	Beijing	Hu Kaijun
421	Powerlong Group	2,430	Real Estate	Shanghai	Shanghai	Xu Jiankang
421	Baozun	2,430	E-Commerce	Shanghai	Shanghai	Chou Wenbin
421	Douyu	2,430	Media & Entertainment	Hubei	Wuhan	Chen Shaojie
421	GEM	2,430	Environmental Protection	Guangdong	Shenzhen	Xu Kaihua
421	Gome Holdings	2,430	Household Appliance Retails	Beijing	Beijing	Zhang Dazhong
421	Kaisa Group	2,430	Real Estate	Guangdong	Shenzhen	Guo Yingcheng
421	Jingjia Mirco	2,430	Electronic Components	Hunan	Changsha	Zeng Wanhui
421	Jiuyang	2,430	Household Appliances	Shanghai	Shanghai	Wang Xuning
421	Luye Pharma	2,430	Life Sciences	Shandong	Yantai	Liu Dianbo
421	Proya Cosmetics	2,430	Household Chemicals	Zhejiang	Hangzhou	Hou Juncheng
421	Poly Pharm	2,430	Pharmaceutical Industry	Hainan	Haikou	Fan Minhua
421	SINA	2,430	Media & Entertainment	Beijing	Beijing	Cao Guowei
421	Yifan Xinfu Pharmaceutical	2,430	Pharmaceutical Industry	Zhejiang	Hangzhou	Cheng Xianfeng
421	Yuzhou	2,430	Real Estate	Fujian	Xiamen	Lin Longan
421	C&S Paper	2,430	Papermaking	Guangdong	Zhongshan	Deng Yingzhong
421	Jusda	2,430	Logistics	Sichuan	Chengdu	Yang Qiujin
437	Flat Glass	2,360	Glass	Zhejiang	Jiaxing	Ruan Hongliang
437	Conba Pharmaceutical	2,360	Pharmaceutical Industry	Zhejiang	Hangzhou	Hu Jiqiang
437	Kunlun Tech	2,360	Media & Entertainment	Beijing	Beijing	Zhou Yahui
437	Chacha Food	2,360	Food & Beverage	Anhui	Hefei	Chen Xianbao
437	EVOC	2,360	Intelligent Devices	Guangdong	Shenzhen	Chen Zhilie
437	Yisheng Livestock & Poultry Breeding	2,360	Animal Husbandry	Shandong	Yantai	Cao Jisheng
443	Anke Biotechnology	2,290	Life Sciences	Anhui	Hefei	Song Lihua
443	Bona Film	2,290	Media & Entertainment	Beijing	Beijing	Yu Dong
443	Fotile Group	2,290	Household Appliances	Zhejiang	Ningbo	Mao Zhongqun
443	Flyco Electrical Appliance	2,290	Household Appliances	Shanghai	Shanghai	Li Gaiteng
443	Hytera	2,290	Electronic Equipments	Guangdong	Shenzhen	Chen Qingzhou
443	Cambricon	2,290	Artificial Intelligence	Beijing	Beijing	Chen Tianshi
443	Arcsoft	2,290	Artificial Intelligence	Zhejiang	Hangzhou	Deng Hui
443	Huatian Technology	2,290	Semiconductor	Gansu	Tianshui	Xiao Shengli
443	Kingfa	2,290	Chemical Industry	Guangdong	Guangzhou	Yuan Zhimin
443	Kingdom	2,290	Application Software Development	Guangdong	Shenzhen	Zhao Jian
443	Jinja Group	2,290	Printing	Guangdong	Shenzhen	Qiao Luyu
443	Leyard Optoelectronic	2,290	New Energy	Beijing	Beijing	Li Jun
443	Ming Yang Smart Energy Group	2,290	New Energy	Guangdong	Zhongshan	Zhang Chuanwei
443	MLS	2,290	New Energy	Guangdong	Zhongshan	Sun Huanqing
443	Suofeiya Home Collection	2,290	Furniture	Guangdong	Guangzhou	Jiang Ganjun
443	Tgood Electric	2,290	Machinery Manufacturing	Shandong	Qingdao	Yu Dexiang
443	Wondfo Biotech	2,290	Health Tech	Guangdong	Guangzhou	Wang Jihua
443	Satellite Petro Chemical	2,290	Chemical Industry	Zhejiang	Jiaxing	Yang Weidong
443	Wolong Holdings	2,290	Mechanical Equipments, Real Estate	Zhejiang	Shaoxing	Chen Jiancheng
443	Yingjia Distillery	2,290	Wine	Anhui	Lu'an	Ni Yongpei
443	Zailab	2,290	Life Sciences	Shanghai	Shanghai	Du Ying
443	Tianying	2,290	New Energy	Jiangsu	Nantong	Yan Shengjun
465	Double Dove Group	2,220	Pharmaceutical Industry	Zhejiang	Taizhou	Li Xianyu
465	Newland	2,220	Intelligent Devices	Fujian	Fuzhou	Hu Gang
465	Changyu Group	2,220	Wine	Shandong	Yantai	Zhou Hongjiang
468	APUS	2,150	Application Software Development	Beijing	Beijing	Li Tao
468	Aihuishou	2,150	E-Commerce	Shanghai	Shanghai	Chen Xuefeng
468	Byton	2,150	E-Cars	Jiangsu	Nanjing	Dai Lei
468	Canxing	2,150	Media & Entertainment	Shanghai	Shanghai	Tian Ming
468	Chehejia	2,150	E-Cars	Beijing	Beijing	Li Xiang
468	Cowell Health	2,150	Health Tech	Beijing	Beijing	Yi Nuoqing
468	Haier Financial Holdings	2,150	FinTech	Shandong	Qingdao	Tan Lixia
468	Himile Mechanical Science And Technology	2,150	Machinery Manufacturing	Shandong	Gaomi	Zhang Gongyun
468	Hopson Group	2,150	Real Estate	Guangdong	Guangzhou	Zhu Mengyi
468	Herun Group	2,150	Shipbuilding, Logistics, Real Estate	Zhejiang	Zhoushan	Yu Songbo
468	Pci-Suntek Technology	2,150	Artificial Intelligence	Guangdong	Guangzhou	Liu Wei
468	JL MAG	2,150	Non-ferrous Metal	Jiangxi	Nanchang	Cai Baogui
468	Landbridge	2,150	Chemical Industry	Shandong	Rizhao	Ye Cheng
468	Lexin Group	2,150	FinTech	Guangdong	Shenzhen	Xiao Wenjie
468	Lianlian	2,150	FinTech	Zhejiang	Hangzhou	Zhang Zhengyu
468	Maccura Biotechnology	2,150	Health Tech	Sichuan	Chengdu	Tang Yong
468	Miniso	2,150	New Retail	Guangdong	Guangzhou	Ye Guofu
468	3Trees	2,150	Chemical Industry	Fujian	Putian	Hong Jie
468	Shanying International Holdings	2,150	Papermaking	Shanghai	Shanghai	Wu Mingwu
468	Tempus Global Business Service Group	2,150	Tourism	Guangdong	Shenzhen	Zhong Baisheng
468	Tech-Bank	2,150	Agriculture	Shanghai	Shanghai	Zhang Banghui
468	Five Star Holdings	2,150	Investments	Jiangsu	Nanjing	Wang Jianguo
468	Relx	2,150	Electronic Products	Guangdong	Shenzhen	Wang Ying
468	Xizi United Holding	2,150	Machinery Manufacturing, Real Estate	Zhejiang	Hangzhou	Wang Shuifu
468	NWY	2,150	Education	Guangdong	Shenzhen	Peng Guoyuan
468	Xinchao	2,150	Media & Entertainment	Sichuan	Chengdu	Zhang Jixue
468	Sungrow Power Supply	2,150	New Energy	Anhui	Hefei	Cao Renxian
468	YITU	2,150	Artificial Intelligence	Shanghai	Shanghai	Zhu Long
468	Ourpalm	2,150	Media & Entertainment	Beijing	Beijing	Liu Huicheng
468	Zhonggeng Group	2,150	Real Estate	Fujian	Fuzhou	Liang Yanfeng
498	9F Group	2,000	FinTech	Beijing	Beijing	Sun Lei
498	Mafengwo	2,000	E-Commerce	Beijing	Beijing	Chen Gang
498	Rongxin	2,000	Real Estate	Shanghai	Shanghai	Ou Zonghong
498	Shenghua	2,000	Wire & Cable	Shanghai	Shanghai	Zhang Shengfei
498	Star River	2,000	Real Estate	Guangdong	Guangzhou	Huang Wenzi
498	Yuhua Education	2,000	Education	Henan	Zhengzhou	Li Guangyu
498	Yuexing	2,000	Household Retails	Shanghai	Shanghai	Ding Zuohong
498	Chime Long Group	2,000	Tourism	Guangdong	Guangzhou	Su Zhigang
498	Pearl River Investments	2,000	Real Estate	Guangdong	Guangzhou	Zhu Mengyi

About Hurun Report Inc.

Promoting Entrepreneurship through Quality Lists and Research

Hurun Report generates 300 million views globally on average every month, through putting out quality lists and research.

Established in 1999 by British accountant Rupert Hoogewerf, Hurun Report Inc. has grown into a leading research platform based in Shanghai and Mumbai, best-known for its China and India rich lists, and with 150 employees today.

Hurun Research Institute ‘World’s Largest Rich List Provider’

2020 marks the 21^st anniversary of Hurun Report, highlighting the fastest wealth creating period in the history of the world.

The Hurun Richest Self-Made Women in the World has been highlighting for over ten years the fact that over 70% of the world’s most successful women in business herald from China, ie Chinese are completely dominant in the world of women in business. This has changed the way the world looks at Chinese women in business.

The Hurun China Philanthropy List ranks the most generous individuals in China and is now in its 15th anniversary. With no inheritance tax, Chinese give much more generously than many have previously understood.

Two recent lists with an impact include the Hurun China Unicorn Index, ranking the most dynamic businesses with a valuation of US$1bn or more in China; and the Hurun Most Successful University Alumni.

In India, Hurun Research has launched the Hurun India Rich List for the seventh time last year, and has an active events business there.

‘World Authority on the Chinese High Net Worth Individual’

Recent research partners include financial institutions (PingAn, Bank of China, Taikang Life, Minsheng, Citic), local government (Shanghai, Changbaishan) and Global 500 multinationals (Marriott, Country Garden, Agile, Audi, Volvo).

Three breakthrough lists this past year: Hurun Good Doctors’ List, a ranking of the 9500 most respected doctors in China, broken down by region and speciality; Hurun Best International Schools List; and Hurun Creative Works Intellectual Property List, in Search of the Harry Potter of China, ranking those online novels with the most valuable IPs.

The Hurun Art List ranks the top artists alive today in China for the 12th year and has become a household name amongst artists.

Media and Events ‘The Hurun brand gets 200 million views a month in China’

The Hurun brand has become one of the few non-Chinese media brands to become a household name across China.

Hurun Media monetizes 1 million views a month in China, through its wechat, weibo, website and legacy magazine.

Recent themed events include blockchain, fintech and 30 under 30, with industry-respected awards. We deliver 100+ events a year in China, with 200 entrepreneurs from the Hurun China Rich List attending.

Hurun Report kicked off the world's largest Chinese New Year dinner series in Shanghai in 2019 on January 16, and is going to 8 cities across 4 continents. Toronto on Jan 20, New York Jan 23, LA Jan 25, London Jan 28, Istanbul Jan 29, Luxembourg Jan 31 and ending up in Sydney on Feb 18. Hurun Report’s mission is to create the world's largest platform of China gatekeepers.

Investments

Hurun Investments has a portfolio of 20 companies with a market value of US$50 million, with investments into tech, media, design, education as well as a vintage car race and a tailor.

Hurun China 500 Most Valuable Private Companies 2019

Global Unicorn Index 2024

Hurun Chinese Luxury Consumer Survey & Hurun Best of the Best Awards 2024

Hurun Education Top International Schools in China 2023

Hurun Global Rich List 2024

Hurun China Under30s 2023