On February 25th, Hurun Research Institute released the "2024 Hurun China 500" (hereinafter referred to as the "500"), listing the non-state-owned enterprises in China's top 500 according to their enterprise value. Guangdong ranked second with 81 listed companies, second only to Taiwan in terms of quantity; Tencent Holdings, Ping An Insurance of China, BYD, and Huawei have entered the top ten of the list. Hurun, Chairman and Chief Research Officer of Hurun Report, introduced that this year marks the sixth consecutive release of the top 500 list by Hurun Research Institute. The threshold for the top 500 companies to be listed remains the same as the previous year, at 26.5 billion yuan; The total value increased by 6.6 trillion yuan compared to the previous year, reaching 56 trillion yuan. From a regional distribution perspective, there are a total of 149 enterprises on the list in the Yangtze River Delta region, accounting for 29% of the national total; There are a total of 108 companies on the list in the Guangdong Hong Kong Macao Greater Bay Area, accounting for 21%; Specifically in terms of cities, Shenzhen ranks third with 49 enterprises, second only to Beijing's 65 and Shanghai's 50. From the perspective of industry distribution, the industrial product industry has seen the largest increase in the number of companies on the list, becoming the largest industry among the top 500 companies. The healthcare and consumer goods industries have dropped one place respectively, ranking second and third. In terms of total enterprise value, the semiconductor, media and entertainment, industrial products, and consumer goods industries have performed outstandingly, with the highest total enterprise value. According to the list, the industries with the highest number of newly listed companies this year are industrial products, semiconductors, and software and services. The rise of these industries reflects the strong development momentum of China's economy in the high-end manufacturing and digital economy fields, "Hurun said. At the same time, the industry with the highest number of companies on the list is healthcare, reflecting its stage challenges under intensified market competition, industry structural adjustment, and external environmental changes. The list also shows that the value of 291 listed companies has increased compared to the previous year, including 74 newly listed companies. Among them, the enterprises with significant value growth mainly come from the industrial products, semiconductor, and consumer goods industries. In terms of absolute value increase, driven by multiple sectors such as gaming, advertising, and cloud services, Tencent has grown by 570 billion yuan in the past year, ranking second only to TSMC in terms of value growth; Thanks to technological innovation, continuous improvement of market layout, and a healthy financial situation, Midea's value has increased by 187 billion yuan. There are also many companies on the list from the AI field. According to the list, Wenyuan Zhixing, which has just been listed on NASDAQ, is worth 34.5 billion yuan; Xiaoma Zhixing is worth 30 billion yuan; DeepSeek entered the global market after the deadline of the ranking and did not make it to the Fortune 500 list this year. Going global has become a significant trend for Chinese enterprises. Hurun introduced that among the companies on the list, those with overseas revenue exceeding 100 billion yuan in 2023 include Lenovo, Huawei, Xiyin, BYD, Midea and others, while those with overseas revenue exceeding 50 billion yuan include OPPO vivo、 Transsion, Tencent, Gree Electric, etc. Among them, Huawei's overseas revenue reached over 230 billion yuan, accounting for one-third of the total revenue; Midea's overseas revenue is 150 billion yuan, accounting for 40% of the total revenue. (New Society)