Companies in China with the most long-term debt
Long-term debt is borrowing due more than a year out. A large figure is normal for capital-intensive businesses and says nothing on its own about financial health. Figures are for fiscal year 2025 and are read directly from each company's SEC filings; the source column on every row links to the document.
Baidu (BIDU) tops the list with $5.9B in long-term debt for fiscal 2025, ahead of Weibo ($2.1B) and NIO ($1.2B). The top 10 together report $12.2B in long-term debt; the gap between #1 and #10 is ×45.84. 37 companies in China report long-term debt, 1.6% of the 2263-filer universe. The last place on the list, Jowell Global, comes in at $6,381.
| # | Company | Long-term debt | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | BaiduBIDUCNTechnology | $5.9B | +19.7% | |
| 2 | WeiboWBCNTechnology | $2.1B | −4.1% | |
| 3 | NIONIOCNConsumer discretionary | $1.2B | −21.3% | |
| 4 | BilibiliBILICNTechnology | $683M | +52.7% | |
| 5 | Sinovac BiotechSVACNHealthcare | $495M | +31.7% | |
| 6 | Li AutoLICNConsumer discretionary | $472M | −57.8% | |
| 7 | JD.comJDCNConsumer discretionary | $449M | — | |
| 8 | Kingsoft CloudKCCNTechnology | $432M | +90.0% | |
| 9 | Jinkosolar HoldingJKSCNTechnology | $284M | +387.1% | |
| 10 | Lotus TechnologyLOTCNConsumer discretionary | $129M | +25.1% | |
| 11 | Lexinfintech HoldingsLXCNFinancials | $80.9M | +1.0% | |
| 12 | Jiayin GroupJFINCNFinancials | $73.8M | — | |
| 13 | H WorldHTHTCNConsumer discretionary | $68.0M | −89.1% | |
| 14 | Zepp HealthZEPPCNTechnology | $59.5M | −21.0% | |
| 15 | NetEaseNTESCNTechnology | $58.6M | −2.7% | |
| 16 | Luckin CoffeeLKNCYCNConsumer discretionary | $44.6M | — | |
| 17 | Hesai GroupHSAICNIndustrials | $39.9M | +8.0% | |
| 18 | XunleiXNETCNTechnology | $38.4M | +41.6% | |
| 19 | Greentree HospitalityGHGCNConsumer discretionary | $36.6M | +4.2% | |
| 20 | Shengfeng DevelopmentSFWLCNIndustrials | $33.8M | +106.4% | |
| 21 | Cheetah MobileCMCMCNTechnology | $21.8M | — | |
| 22 | Wing Yip Food HoldingsWYHGCNConsumer staples | $14.0M | +222.3% | |
| 23 | Finvolution GroupFINVCNFinancials | $12.8M | — | |
| 24 | Vipshop HoldingsVIPSCNConsumer discretionary | $9.3M | — | |
| 25 | Planet Image InternationalYIBOCNTechnology | $8.3M | — | |
| 26 | Viomi TechnologyVIOTCNConsumer discretionary | $7.4M | −29.0% | |
| 27 | UxinUXINCNTechnology | $7.4M | −89.5% | |
| 28 | Gaotu TecheduGOTUCNConsumer discretionary | $4.6M | — | |
| 29 | Cbak Energy TechnologyCBATCNTechnology | $4.1M | — | |
| 30 | Scienjoy HoldingSJCNTechnology | $2.3M | +4.9% | |
| 31 | Cheer HoldingCHRCNTechnology | $1.4M | — | |
| 32 | Huize HoldingHUIZCNFinancials | $1.0M | +$1.0M | |
| 33 | Hello GroupMOMOCNTechnology | $448,000 | +$448,000 | |
| 34 | Atour LifestyleATATCNConsumer discretionary | $286,000 | +4.4% | |
| 35 | LZ TechnologyLZMHCNTechnology | $91,000 | — | |
| 36 | QuhuoQHCNTechnology | $42,000 | −93.5% | |
| 37 | Jowell GlobalJWELCNConsumer discretionary | $6,381 | 0.0% |
All figures from SEC filings · FY2025 · 37
see sources
- Baidu 0001193125-26-109289
- Weibo 0001104659-26-047217
- NIO 0001104659-26-041765
- Bilibili 0001193125-26-157842
- Sinovac Biotech 0001193125-26-258534
- Li Auto 0001104659-26-041705
- JD.com 0001104659-19-021236
- Kingsoft Cloud 0001104659-26-047100
- Jinkosolar Holding 0001144204-19-019055
- Lotus Technology 0001104659-26-050310
- Lexinfintech Holdings 0001193125-26-189256
- Jiayin Group 0001193125-26-183485
- H World 0001104659-26-048058
- Zepp Health 0001104659-26-048127
- NetEase 0001410578-25-000728
- Luckin Coffee 0001104659-21-087180
- Hesai Group 0001104659-26-048025
- Xunlei 0001104659-26-050304
- Greentree Hospitality 0001213900-26-050417
- Shengfeng Development 0001213900-26-035301
- Cheetah Mobile 0001104659-17-026157
- Wing Yip Food Holdings 0001213900-26-056618
- Finvolution Group 0001493152-26-019597
- Vipshop Holdings 0001193125-20-120336
- Planet Image International 0001213900-26-037444
- Viomi Technology 0001493152-26-018435
- Uxin 0001641172-25-006780
- Gaotu Techedu 0001193125-26-168211
- Cbak Energy Technology 0001213900-26-058528
- Scienjoy Holding 0001213900-24-036648
- Cheer Holding 0001213900-24-022374
- Huize Holding 0001193125-26-175067
- Hello Group 0001193125-26-183444
- Atour Lifestyle 0001104659-26-044551
- LZ Technology 0001213900-25-055265
- Quhuo 0001213900-26-039520
- Jowell Global 0001213900-26-050429
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{{cite web |title=Companies in China with the most long-term debt |url=https://companiesranked.com/en/companies-with-the-most-debt-in-china |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Companies in China with the most long-term debt. CompaniesRanked. https://companiesranked.com/en/companies-with-the-most-debt-in-chinaBibTeX
@misc{companiesranked-en-companies-with-the-most-debt-in-china-2026,
author = {{CompaniesRanked}},
title = {{Companies in China with the most long-term debt}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-with-the-most-debt-in-china}},
note = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
urldate = {2026-09-25}
}The figures are rebuilt with every data refresh, so the reference carries the publication date. Add your own access date if your style requires one.
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