Luckin Coffee Enters China's Private Enterprise Top 500 for the First Time, Ranking First Among Xiamen Listed Companies

Deep News08-29

On August 28, the All-China Federation of Industry and Commerce released the "2025 China Private Enterprise Top 500" in Shenyang, Liaoning Province. The results show that JD Group, Alibaba (China) Co., Ltd., and Hengli Group Co., Ltd. ranked in the top three positions.

According to the announcement, the entry threshold for this year's private enterprise top 500 increased to 27.023 billion yuan. The total operating revenue reached 43.05 trillion yuan, with combined net profits of 1.80 trillion yuan. Total R&D expenses amounted to 1.13 trillion yuan, with 1.1517 million R&D personnel and an average R&D investment intensity of 2.77%. The total tax contribution reached 1.27 trillion yuan, with 240 companies paying taxes exceeding 1 billion yuan, accounting for 48.00% of the top 500.

This year, the All-China Federation of Industry and Commerce conducted its 27th large-scale private enterprise survey, with 6,379 companies that had operating revenues of more than 1 billion yuan in 2024 participating. The top 500 companies by operating revenue constitute the "2025 China Private Enterprise Top 500."

Twenty companies from Fujian Province made the list, including two from Xiamen. Here is the complete list of the 2025 China Private Enterprise Top 500 (Fujian section):

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