On July 21st, the 2026 Fortune China 500 ranking was officially announced. This authoritative list, which measures the strength of Chinese enterprises, features five companies from the Bao'an District. The companies are LUXSHARE ICT, S.F.Holding Co.,Ltd., Sunwoda Electronic Co., Ltd., Avary Holding (Shenzhen) Co., Ltd., and GEM Co., Ltd.. Not only have all five companies retained their places on the list, but they have also achieved significant improvements in their rankings, showcasing the robust industrial strength and dynamic vitality of Bao'an as a major industrial hub.
The Fortune China 500 ranking employs the same methodology as the Fortune Global 500 list and includes both listed and non-listed companies. This list and its data provide insights into the latest trends among China's largest corporations. The total operating revenue of the 500 listed companies in 2025 reached $14.26 trillion, representing a year-on-year growth of approximately 0.3%. Their combined net profit was $794.9 billion, an increase of about 5% compared to the previous year. The revenue threshold for making this year's list was approximately $3.54 billion. Measured in US dollars, China's total GDP in 2025 was $19.63 trillion, meaning the combined revenue of the 500 companies on the list was close to three-quarters of the national GDP for that year.
Leading the Pack
LUXSHARE ICT leads the Bao'an contingent, ranking 79th overall. The company recently completed its listing on the main board of the Hong Kong Stock Exchange, formally establishing a dual-capital platform with both A-share and H-share listings. This marks a significant milestone for the company and a new starting point for leveraging the advantages of Hong Kong's international financial center to connect with global capital markets. Over the 15 years since its A-share listing, LUXSHARE ICT has transformed from a low-margin contract manufacturer into a high-margin technology enterprise, achieving a 130-fold increase in revenue. Globally, on average, one out of every two smartphones, every three smart wearable devices, and every five smart vehicles incorporates a product from LUXSHARE ICT. In the past year, the company reported operating revenue of 332.344 billion yuan, a year-on-year increase of 23.64%, and a net profit attributable to shareholders of 16.6 billion yuan, a year-on-year increase of 24.20%, both setting new historical records. This revenue scale ranks the company fourth globally and first in mainland China within the precision intelligent manufacturing solutions industry. Compared to its rank of 103rd in 2025, LUXSHARE ICT's jump of 24 places fully demonstrates the innovative vitality and growth resilience of Bao'an's smart manufacturing enterprises.
Logistics Leader
S.F.Holding Co.,Ltd. secured the 84th position on the list, an improvement of 9 places from its 93rd rank in 2025. In 2025, the company achieved operating revenue of 308.227 billion yuan, a year-on-year increase of 8.37%, marking the first time its revenue surpassed the 300-billion-yuan threshold. Its net profit attributable to shareholders was 11.117 billion yuan, a year-on-year increase of 9.31%. By business segment, revenue from time-sensitive express delivery services reached 131.05 billion yuan, up 7.2% year-on-year, while revenue from economy express services was 32.05 billion yuan, a significant increase of 17.6%. As a benchmark enterprise in China's logistics industry, S.F. Holding has been included in the Fortune Global 500 list for multiple consecutive years. Its comprehensive logistics service capabilities and international layout represent the high level at which Bao'an enterprises compete globally.
Battery Powerhouse
Sunwoda Electronic Co., Ltd. ranked 274th, rising 25 places from its 299th position in 2025. This represents the largest ranking improvement among the five Bao'an companies. In 2025, the company reported total operating revenue of 63.246 billion yuan, a year-on-year increase of 12.90%. This includes revenue of 31.406 billion yuan from consumer battery business and 18.908 billion yuan from electric vehicle battery business. Notably, since its first inclusion in 2018, Sunwoda has now appeared on the Fortune China 500 list for eight consecutive years, with a cumulative ranking improvement of 127 places. In the field of sustainable development, the company ranks among the top three in the global power battery enterprise sustainability index. As a leading global enterprise in the lithium battery sector, Sunwoda's dual-drive model of consumer batteries and power batteries continues to solidify its leading global position in the new energy sector.
PCB Champion
Avary Holding (Shenzhen) Co., Ltd. ranked 379th, an improvement of 18 places from its 397th position in 2025. In 2025, the company achieved total operating revenue of 39.147 billion yuan, a year-on-year increase of 11.40%. Most notably, revenue from its AI server product line more than doubled compared to 2024, with strong growth expected to continue into 2026. Avary Holding ranked as the world's top PCB (Printed Circuit Board) manufacturer for eight consecutive years from 2017 to 2024. The company is now accelerating its transformation towards AI computing power, aiming to secure a leading position in the wave of artificial intelligence.
Recycling Pioneer
GEM Co., Ltd. ranked 392nd, jumping 19 places from its 411th position in 2025. In 2025, the company reported total operating revenue of 37.124 billion yuan, a year-on-year increase of 11.82%. In the field of power battery recycling, GEM recycled and dismantled 52,576 tons in 2025, a year-on-year increase of 46%, accounting for over 10% of the national total of socially retired batteries. GEM has been continuously selected for the Fortune China 500 list since 2019. The company has established unique technological barriers and competitive advantages in the field of critical metal recycling through its "urban mining" resource circulation model.
Diverse Industrial Strength
From precision manufacturing leader LUXSHARE ICT and logistics giant S.F. Holding, to lithium battery leader Sunwoda, global PCB champion Avary Holding, and "urban mining" pioneer GEM, these five Bao'an enterprises span multiple sectors including smart manufacturing, logistics, new energy, electronic information, and the circular economy. Compared to their 2025 rankings, the five companies improved by 24, 9, 25, 18, and 19 places respectively, achieving a comprehensive upward trajectory. The collective inclusion and ranking improvements of these five companies not only reflect their individual strengths but also serve as a microcosm of Bao'an's long-term commitment to cultivating advanced manufacturing and fostering high-quality enterprise clusters.
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