China's top 100 companies by By Rupali Arora, Fortune August 28 2007

China's top 100 companies Banks with hot IPOs, plus surging energy demand, propelled a dozen new arrivals onto our list of China's largest companies. By Rupali Arora, Fortune August 28 2007: 5:56 AM EDT (Fortune Magazine) -- A rush of listings on the Hong Kong and Shanghai exchanges added a dozen newcomers to Fortune's annual list of China's 100 largest publicly traded companies. One of them had the largest share offering in the world: Industrial & Commercial Bank of China, which raised $21.9 billion last October. As China's biggest bank by revenue and Asia's most profitable bank, with profits of $6.2 billion last year, it grabbed the No. 4 spot on this year's list. The Bank of China, which also had a successful IPO, debuted at No. 5. While China's economy grew nearly 11 percent last year, the revenue cutoff for this year's list rose 46 percent, to $1.9 billion, compared with last year's $1.3 billion. The country's gnawing demand for energy helped keep China Petroleum & Chemical (Charts) in its No. 1 position for the seventh year in a row, with revenue up almost 34 percent, to $134 billion. State-owned companies continued to dominate the list, taking the top ten spots. The largest private company on the list, computer maker Lenovo, fell four places, to No. 11, even though its revenues rose 10 percent, to $14.6 billion. The China 100 was compiled by the editors of Fortune China in cooperation with the Finet Group, a Hong Kong--listed company specializing in providing business information about China, and was first published in Fortune China. In compiling the list, Fortune China looked at Chinese companies listed on the stock exchanges in Shenzhen, Shanghai, Hong Kong, Singapore, London, and New York City. The companies are ranked by 2006 revenues. Figures were provided by the companies to the relevant stock exchanges and obtained from Bloomberg.

> The China 100 2007 Rank 2006 Rank Company Revenues ($ millions)1 Profits ($ millions)1 Market value2 12/31/06 ($ millions)1 Industry 1 1 China Petroleum & Chemical 133,963.3 6,497.5 97,348.1 Oil and gas 2 2 Petro China 88,358.8 18,239.7 254,187.2 Oil and gas 3 3 China Mobile 37,878.6 8,467.6 172,890.8 Telecommunications 4 N.A. Industrial & Commercial Bank of China 37,306.4 6,248.0 259,536.0 Banking 5 N.A. Bank of China 31,060.2 5,372.5 165,653.0 Banking 6 6 China Construction Bank 29,036.7 5,940.6 143,302.9 Banking 7 8 China Life Insurance 23,428.0 1,231.3 96,651.3 Insurance 8 4 China Telecom 22,455.0 3,480.9 44,422.0 Telecommunications 9 5 Baoshan Iron & Steel 20,236.2 1,668.5 19,449.0 Metals 10 N.A. China Communications Construction 14,733.1 410.3 14,688.9 Engineering and construction 11 7 Lenovo Group 14,627.8 161.1 3,144.7 Computers 12 10 China United Telecommunications 12,092.9 478.6 18,626.3 Telecommunications 13 11 CNOOC 11,407.2 3,966.3 41,256.4 Oil and gas 14 9 China Netcom Group (Hong Kong) 11,273.0 1,662.1 17,867.4 Telecommunications 15 13 Ping An Insurance 10,479.3 767.7 14,192.2 Insurance 16 18 Foxconn International Holdings 10,396.2 719.1 22,962.9 Electronics 17 12 Minmetals Development 9,807.6 68.1 776.3 Metals and mining 18 14 PICC Property & Casualty 9,150.1 267.0 5,728.0 Banking 19 15 China Resources 8,392.0 356.0 6,790.3 Diversified holdings 20 16 China Shenhua Energy 8,238.5 2,239.2 43,632.7 Energy 21 28 Aluminum Corp. of China 7,825.0 1,452.9 10,807.4 Metals 22 22 TPV Technology 7,186.6 152.0 1,231.5 Computers 23 38 Angang New Steel 7,001.7 877.8 7,904.1 Metals 24 37 Bank of China Hong Kong Holdings 6,751.5 1,804.7 28,744.1 Banking 25 25 China COSCO Holdings 6,539.8 260.5 3,524.9 Shipping 26 20 Sinopec Shanghai Petrochemical 6,473.8 94.5 4,962.6 Chemicals 27 21 Dongfeng Motor Group 6,189.7 266.9 4,185.2 Auto manufacturing 28 36 CITIC Pacific 6,033.9 1,060.9 7,535.3 Diversified holdings 29 26 China Southern Airlines 6,033.6 15.1 2,146.9 Airlines 30 27 Air China 6,028.3 409.3 7,571.6 Airlines 31 17 TCL 6,009.0 -247.8 782.8 Home appliances 32 24 Huaneng Power International 5,683.0 711.8 10,180.7 Electricity 33 19 Bank of Communications 5,543.4 1,624.8 55,711.4 Banking 34 30 Shanghai Electric Group 5,471.2 262.8 5,010.4 Power generation 35 23 Wuhan Iron & Steel Processing 5,298.7 499.8 6,393.0 Iron and steel 36 44 Shanxi Taigang Stainless Steel 5,140.9 310.8 4,455.9 Steel 37 40 China Merchants Bank 4,878.3 911.5 30,916.3 Banking 38 39 China Eastern Airlines 4,720.2 -356.5 1,921.8 Airlines 39 31 Maanshan Iron & Steel 4,401.4 292.0 3,678.7 Iron and steel 40 32 China International Marine Containers Group 4,253.6 355.5 4,980.9 Packages and containers 41 34 Hunan Valin Steel Tube & Wire 4,198.0 137.0 1,191.3 Iron and steel 42 33 Sinotrans 4,132.2 79.4 1,538.4 Logistics 43 N.A. Shanghai Automotive 3,911.9 182.7 6,864.0 Auto manufacturing 44 35 China Shipping Container Lines 3,911.8 110.2 1,631.6 Shipping 45 N.A. China Coal Energy 3,876.4 406.8 7,634.3 Energy 46 47 Shanghai Pudong Development Bank 3,831.3 430.0 11,901.6 Banking 47 29 TCL Multimedia Technology Holdings 3,760.6 -321.8 276.6 Home appliances 48 57 Harbin Power Equipment 3,731.7 131.4 1,464.2 Energy 49 43 China Minsheng Banking 3,698.9 491.4 13,299.7 Banking 50 82 Yunnan Copper 3,598.9 154.5 1,119.5 Metals 51 41 Tangshan Iron & Steel 3,550.9 183.2 1,627.6 Iron and steel 52 53 Shanghai Material Trading Center 3,498.2 8.9 264.7 Wholesale and retail 53 42 Jinan Iron & Steel 3,370.5 111.8 1,111.0 Iron and steel 54 58 COFCO International 3,335.9 127.0 2,826.5 Food 55 54 Chongqing Changan Automobile 3,292.8 82.9 1,729.3 Auto manufacturing 56 83 Jiangxi Copper 3,262.0 591.1 3,656.8 Metals 57 65 Suning Appliance Chain Store Group 3,196.8 92.4 4,196.5 Retail 58 62 Datang International Power generation 3,185.0 347.2 7,094.3 Electricity 59 63 GOME Electrical Appliances Holding 3,171.4 105.1 2,403.4 Home appliances 60 50 Bengang Steel Plates 3,166.6 211.8 2,143.6 Iron and steel 61 52 Laiwu Steel 3,119.6 95.7 725.0 Iron and steel 62 55 Digital China Holdings 3,109.9 28.1 284.9 Computers 63 60 Gree Electrical Appliances 3,052.6 80.6 1,226.1 Home appliances 64 46 ZTE 2,953.7 103.5 4,747.1 Telecommunications 65 51 Handan Iron & Steel 2,847.2 114.7 1,560.8 Iron and steel 66 49 Beijing Shougang 2,839.5 62.3 1,010.5 Iron and steel 67 N.A. Sinofert Holdings 2,709.4 114.9 2,417.1 Fertilizers 68 59 Shanghai Construction 2,693.5 32.5 480.6 Engineering and construction 69 68 Xiamen C&D 2,690.5 55.7 648.7 Wholesale and retail 70 61 Shanghai Friendship Group 2,678.0 18.3 412.5 Wholesale distribution 71 48 Guangdong Midea Electric Appliances 2,582.7 64.8 958.0 Home appliances 72 71 Great Wall Technology 2,554.6 -15.7 239.3 Computers 73 78 Weiqiao Textile 2,542.6 216.1 1,612.3 Textiles 74 64 Qingdao Haier 2,516.6 40.3 1,414.7 Home appliances 75 N.A. Eastern Communications 2,489.2 3.9 703.7 Telecommunications 76 73 Beiqi Foton Motor 2,476.6 6.1 358.0 Auto manufacturing 77 70 Sichuan Changhong Electric 2,405.6 39.2 1,027.3 Home appliances 78 N.A. Anhui Tongdu Copper Stock 2,391.2 74.9 749.4 Metals 79 56 Inner Mongolian Baotou Steel Union 2,342.5 83.8 1,356.7 Steel 80 77 Huaxia Bank 2,319.0 186.9 3,980.5 Banking 81 98 China Vanke 2,289.0 276.3 8,623.6 Real estate 82 N.A. Hunan Nonferrous Metals 2,278.3 57.9 1,983.5 Metals 83 76 AviChina Industry & Technology 2,194.4 -42.5 478.7 Auto manufacturing 84 88 Sinopec Kantons Holdings 2,185.1 20.1 268.6 Oil and gas services 85 67 Sinopec Yizheng Chemical Fibre 2,183.8 4.8 1,609.7 Oil and gas 86 89 Shanghai Zhenhua Port Machinery 2,155.6 205.5 4,525.5 Machinery 87 74 An Yang Iron & Steel 2,120.8 71.4 722.1 Iron and steel 88 75 Lianhua Supermarket Holdings 2,109.3 31.0 745.3 Retail 89 87 Inner Mongolia Yili Industrial Group 2,095.4 44.2 1,755.2 Food 90 N.A. China Mengniu Dairy 2,083.5 93.3 3,605.6 Food 91 N.A. Daqin Railway 2,070.5 560.5 13,480.2 Railway 92 69 Panzhihua New Steel & Vanadium 2,027.5 104.5 1,398.8 Iron and steel 93 72 Nanjing Iron & Steel 2,014.5 49.9 464.5 Iron and steel 94 66 Sinochem International 1,977.6 49.2 1,100.0 Oil and gas 95 94 Anhui Conch Cement 1,955.3 183.1 4,610.0 Building materials 96 81 Henan Shuanghui Investment & Development 1,940.5 58.5 2,052.9 Food 97 84 Huadian Power International 1,940.5 143.9 2,359.6 Electricity 98 90 Shijiazhuang Refining & Chemical 1,917.0 -205.4 1,147.4 Chemicals 99 79 Xiamen International Trade Group 1,910.4 26.0 396.0 Wholesale distribution 100 N.A. China Aviation Oil (Singapore) 1,888.5 237.4 9,221.6 Oil and gas N.A. - Not on last year's list. 1 All dollar values were converted using the 12/31/06 exchange rate of 7.8041 yuan per U.S. dollar. 2 Market value is based on all shares outstanding, including those held by the government.