Enterprises are the cells of the market economy and an important window for understanding the development trends, confidence, and confidence of the Chinese economy. On September 15th, the list of "2025 China's Top 500 Enterprises" was released: the entry threshold has been continuously raised for 23 consecutive years, increasing to 47.96 billion yuan; Realize a net profit attributable to the parent company of 4.71 trillion yuan, an increase of 4.39% compared to the previous year; The number of enterprises with revenue exceeding 100 billion yuan has increased to 267... This list is not only a vivid reflection of the vigorous development of various enterprises, but also reflects the long-term positive fundamentals of the Chinese economy and the new achievements in promoting high-quality development. This list reflects the firm pace of continuous optimization of China's industrial structure, and demonstrates the vivid practice of enterprises adhering to innovation driven and constantly upgrading their capabilities. Large enterprises represented by the "Top 500" have delivered impressive results: in 2024, the total revenue scale of China's top 500 enterprises will be 110.15 trillion yuan; The total assets were 460.85 trillion yuan, an increase of 7.46% over the previous year; The net profit margin has increased to 4.27%. Since the 14th Five Year Plan, the overall scale of China's top 500 enterprises has reached a new level, with the entry threshold raised by over 8.7 billion yuan. The total revenue and assets have increased by over 22% and 34% respectively, making Chinese enterprises an important force in the world's large enterprise clusters. The myriad phenomena of a market economy are condensed into the vivid practices of enterprises. From this list, we can read the "growth code" of these large enterprises. Innovation is the lifeblood of enterprise development. The launch of Chang'e on the moon, the establishment of Tianhe in the sky, the networking of Beidou, the completion and operation of the large-scale cruise ship Aida Modu, and the successful production of the CR450 high-speed train... A series of "major national heavy equipment" have made stunning appearances, demonstrating the innovative hard power of Chinese enterprises. Looking at resource investment, the average R&D intensity of shortlisted companies has increased for 8 consecutive years, reaching a new high of 1.95%. Among them, 9 companies including Ctrip Group, Huawei, and ZTE have R&D intensity exceeding 10%. Looking at the innovative achievements, the total number of valid patents held by the shortlisted enterprises has reached 2.2437 million, an increase of over 10% over the previous year. Among them, the invention patents with more innovative "quality" have increased for 6 consecutive years, reaching 1.0396 million. As the "leading geese" of China's enterprise group, large enterprises adhere to innovation driven development, leading the way in the rise of the industrial chain value chain to the mid to high end, accelerating product iteration, and focusing on basic research... injecting surging momentum into high-quality development. According to the latest report, the optimization of enterprise layout in China is facing a new trend. New energy equipment manufacturing, power and energy storage batteries, communication equipment and computer manufacturing, semiconductor and panel manufacturing... On this year's list, the number of advanced manufacturing companies shortlisted has reached 32, an increase of 9 compared to the end of the 13th Five Year Plan period. Meanwhile, the proportion of strategic emerging business revenue and profit in the total volume of the "Top 100 Leading Enterprises in China's Strategic Emerging Industries" has exceeded 40%. While the number of shortlisted enterprises in advanced manufacturing and other fields continues to increase, and emerging industry enterprises develop and grow, the number of shortlisted enterprises in coal mining and selection, and real estate industries continues to decrease. Do 'addition' with one hand and 'subtraction' with the other. Between increases and decreases, the industrial structure of large enterprises in China continues to optimize, driving the acceleration of the construction of a modern industrial system. It is worth noting that the overall number of private enterprises shortlisted for the "Top 500" in recent years has maintained an increasing trend. On this year's list, there are 251 state-owned enterprises and 249 private enterprises that have been shortlisted for the "equal distribution". In this land of investment and development in China, various types of enterprises are thriving and complement each other. The top 500 Chinese enterprises, which are in the stage of stabilizing growth, transforming modes, and improving quality, need to firmly step out of the situation of being large but not strong, and make even more arduous efforts to solidly promote the construction of world-class enterprises. ”Zhu Hongren, Executive Vice President and Secretary General of the China Enterprise Confederation, said. The greatness of a large enterprise lies not only in its scale, but also in its responsibility and commitment. Large enterprises occupy the central position of the industrial chain and are the leading force driving industrial upgrading. Looking ahead to the future, we look forward to large enterprises in China, represented by the "Top 500", playing a demonstrative and driving role, better stimulating innovation and creativity, fully promoting high-quality development, and injecting surging momentum into the Chinese economy. (New Society)