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2874 companies · fiscal year 2025 · SEC EDGAR · September 25, 2026

Largest companies in China by gross profit

Gross profit is revenue minus the direct cost of goods and services sold. Not every company reports it; those that do not are absent from this ranking. 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.

Ranks 1–53 of 53 · Fiscal year 2025 · Data as of September 25, 2026

NetEase (NTES) tops the list with $10.4B in gross profit for fiscal 2025, ahead of Universe Pharmaceuticals ($6.3B) and Vipshop Holdings ($3.5B). The top 10 together report $35.3B in gross profit; the gap between #1 and #10 is ×6.51. 53 companies in China report gross profit, 3.5% of the 1524-filer universe. The last place on the list, Zai Lab, comes in at $85,862.

Gross profit
#CompanyGross profitYoY15-year trend
1NetEaseNTESCNTechnology$10.4B+14.8%
2Universe PharmaceuticalsUPCCNHealthcare$6.3B+3.8%
3Vipshop HoldingsVIPSCNConsumer discretionary$3.5B+0.4%
4Li AutoLICNConsumer discretionary$3.0B−26.1%
5Ke HoldingsBEKECNReal estate$2.9B−8.0%
6Futu HoldingsFUTUCNFinancials$2.6B+78.2%
7ZTO Express (Cayman)ZTOCNIndustrials$1.8B−6.6%
8NIONIOCNConsumer discretionary$1.7B+91.6%
9Tal EducationTALCNConsumer discretionary$1.7B+38.8%
10BilibiliBILICNTechnology$1.6B+32.2%
11AutohomeATHMCNTechnology$668M−12.3%
12Lexinfintech HoldingsLXCNFinancials$639M−7.2%
13Gaotu TecheduGOTUCNConsumer discretionary$593M+39.6%
14Yatsen HoldingYSGCNConsumer staples$481M+34.1%
15Sohu.comSOHUCNTechnology$453M+4.7%
16YoudaoDAOCNConsumer discretionary$374M−0.6%
17Here GroupHERECNConsumer discretionary$310M−30.5%
18Sinovac BiotechSVACNHealthcare$262M+18.7%
19Sunlands TechnologySTGCNConsumer discretionary$251M+9.5%
20ZhihuZHCNTechnology$236M−21.1%
21XunleiXNETCNTechnology$218M+29.8%
22Kingsoft CloudKCCNTechnology$215M+17.0%
23Jinkosolar HoldingJKSCNTechnology$202M−85.4%
24Hesai GroupHSAICNIndustrials$181M+49.3%
25RLX TechnologyRLXCNConsumer staples$169M+70.0%
26Ecarx HoldingsECXCNTechnology$161M+0.7%
27TuyaTUYACNTechnology$155M+9.6%
28China Automotive SystemsCAASCNConsumer discretionary$145M+33.2%
29HuyaHUYACNTechnology$125M+12.5%
30Niu TechnologiesNIUCNConsumer discretionary$121M+76.5%
31Cheetah MobileCMCMCNTechnology$119M+59.7%
32So-Young InternationalSYCNTechnology$104M−15.5%
33Zepp HealthZEPPCNTechnology$99.2M+41.2%
34Viomi TechnologyVIOTCNConsumer discretionary$87.9M+17.0%
35Jianpu TechnologyAIJTYCNTechnology$71.7M−61.7%
36Douyu InternationalDOYUCNTechnology$70.0M+57.8%
37BingexFLXCNIndustrials$67.1M−0.2%
38Shengfeng DevelopmentSFWLCNIndustrials$53.1M+14.7%
39Lucas GCLGCLCNTechnology$50.3M+2.8%
40Planet Image InternationalYIBOCNTechnology$45.7M−12.6%
41Lotus TechnologyLOTCNConsumer discretionary$45.2M+52.6%
42Wing Yip Food HoldingsWYHGCNConsumer staples$39.5M−11.8%
43Scienjoy HoldingSJCNTechnology$32.5M−3.4%
44UxinUXINCNTechnology$30.9M+177.3%
45Youlife GroupYOULCNConsumer discretionary$27.5M—
46Cbak Energy TechnologyCBATCNTechnology$18.4M−55.9%
47Iczoom GroupIZMCNConsumer discretionary$6.1M+23.4%
48LZ TechnologyLZMHCNTechnology$5.3M+12.9%
49RidgetechRDGTCNHealthcare$4.8M+23.8%
50Texxon HoldingNPTCNIndustrials$4.7M−2.4%
51SosSOSCNFinancials$2.3M−68.0%
52QuhuoQHCNTechnology$1.8M−82.5%
53Zai LabZLABCNHealthcare$85,862—

All figures from SEC filings · FY2025 · 53

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{{cite web |title=Largest companies in China by gross profit |url=https://companiesranked.com/en/largest-companies-in-china-by-gross-profit |website=CompaniesRanked |date=2026-09-25 |language=en}}

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CompaniesRanked. (September 25, 2026). Largest companies in China by gross profit. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-china-by-gross-profit

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@misc{companiesranked-en-largest-companies-in-china-by-gross-profit-2026,
  author       = {{CompaniesRanked}},
  title        = {{Largest companies in China by gross profit}},
  year         = {2026},
  howpublished = {\url{https://companiesranked.com/en/largest-companies-in-china-by-gross-profit}},
  note         = {Compiled from SEC EDGAR XBRL filings; data as of 2026-09-25},
  urldate      = {2026-09-25}
}

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