Companies in China with the highest profit margin
Net margin is net income divided by revenue. Only companies with at least $1 billion in revenue are ranked here: a small company can post an extreme margin that tells you nothing. 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.
Only companies with at least $1bn in revenue are ranked.
Futu Holdings (FUTU) tops the list with 49.6% in net margin for fiscal 2025, ahead of Full Truck Alliance (35.7%) and Kanzhun (33.1%). Across the top 10, net margin ranges from 49.6% down to 18.5%. 24 companies in China report net margin, 1.7% of the 1438-filer universe. The last place on the list, Dingdong (Cayman), comes in at 1.0%.
| # | Company | Net margin | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | Futu HoldingsFUTUCNFinancials | 49.6% | +23.9% | |
| 2 | Full Truck AllianceYMMCNTechnology | 35.7% | +28.5% | |
| 3 | KanzhunBZCNTechnology | 33.1% | +55.3% | |
| 4 | Qfin HoldingsQFINCNFinancials | 31.1% | −14.5% | |
| 5 | NetEaseNTESCNTechnology | 30.9% | +7.5% | |
| 6 | WeiboWBCNTechnology | 25.6% | +49.1% | |
| 7 | H WorldHTHTCNConsumer discretionary | 20.1% | +57.2% | |
| 8 | X FinancialXYFCNFinancials | 19.2% | −26.9% | |
| 9 | Finvolution GroupFINVCNFinancials | 18.7% | +2.7% | |
| 10 | ZTO Express (Cayman)ZTOCNIndustrials | 18.5% | −7.1% | |
| 11 | Tal EducationTALCNConsumer discretionary | 17.6% | +369.2% | |
| 12 | Atour LifestyleATATCNConsumer discretionary | 16.6% | −5.9% | |
| 13 | Lexinfintech HoldingsLXCNFinancials | 12.8% | +64.6% | |
| 14 | Chagee HoldingsCHACNConsumer discretionary | 9.1% | — | |
| 15 | New Oriental Education & TechnologyEDUCNConsumer discretionary | 8.4% | +10.6% | |
| 16 | Hello GroupMOMOCNTechnology | 7.8% | −21.0% | |
| 17 | Luckin CoffeeLKNCYCNConsumer discretionary | 7.3% | −14.1% | |
| 18 | Vipshop HoldingsVIPSCNConsumer discretionary | 6.8% | −5.4% | |
| 19 | BaiduBIDUCNTechnology | 4.3% | −75.7% | |
| 20 | BilibiliBILICNTechnology | 3.9% | +9.0 pp | |
| 21 | Ke HoldingsBEKECNReal estate | 3.2% | −27.2% | |
| 22 | JD.comJDCNConsumer discretionary | 1.8% | −54.1% | |
| 23 | Li AutoLICNConsumer discretionary | 1.0% | −81.8% | |
| 24 | Dingdong (Cayman)DDLCNConsumer discretionary | 1.0% | −27.9% |
All figures from SEC filings · FY2025 · 24
see sources
- Futu Holdings 0001104659-26-043451 · Derived
- Full Truck Alliance 0001193125-26-153778 · Derived
- Kanzhun 0001104659-26-050959 · Derived
- Qfin Holdings 0001104659-26-049501 · Derived
- NetEase 0001104659-26-043468 · Derived
- Weibo 0001104659-26-047217 · Derived
- H World 0001104659-26-048058 · Derived
- X Financial 0001104659-26-052016 · Derived
- Finvolution Group 0001493152-26-019597 · Derived
- ZTO Express (Cayman) 0001104659-26-044613 · Derived
- Tal Education 0001104659-26-073410 · Derived
- Atour Lifestyle 0001104659-26-044551 · Derived
- Lexinfintech Holdings 0001193125-26-189256 · Derived
- Chagee Holdings 0001104659-26-050766 · Derived
- New Oriental Education & Technology 0001193125-26-397192 · Derived
- Hello Group 0001193125-26-183444 · Derived
- Luckin Coffee 0001104659-26-035712 · Derived
- Vipshop Holdings 0001104659-26-044015 · Derived
- Baidu 0001193125-26-109289 · Derived
- Bilibili 0001193125-26-157842 · Derived
- Ke Holdings 0001104659-26-048109 · Derived
- JD.com 0001193125-26-157870 · Derived
- Li Auto 0001104659-26-041705 · Derived
- Dingdong (Cayman) 0001193125-26-174971 · Derived
Embed this table
Free to use on any site. The table updates itself whenever the data is rebuilt — you paste it once. The only condition is that you keep the credit line below the table, so readers can reach the source.
<iframe src="https://companiesranked.com/embed/en/companies-with-the-highest-profit-margin-in-china" title="Companies in China with the highest profit margin" width="100%" height="478" loading="lazy" style="max-width:680px;border:1px solid #e5e2dc;border-radius:6px"></iframe>
<p style="max-width:680px;font:13px system-ui,sans-serif">Source: <a href="https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-china">Companies in China with the highest profit margin</a> — CompaniesRanked, compiled from SEC EDGAR filings</p>Cite this page
Ready-made references for the figures on this page, as published on September 25, 2026.
Wikipedia
{{cite web |title=Companies in China with the highest profit margin |url=https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-china |website=CompaniesRanked |date=2026-09-25 |language=en}}APA 7
CompaniesRanked. (September 25, 2026). Companies in China with the highest profit margin. CompaniesRanked. https://companiesranked.com/en/companies-with-the-highest-profit-margin-in-chinaBibTeX
@misc{companiesranked-en-companies-with-the-highest-profit-margin-in-china-2026,
author = {{CompaniesRanked}},
title = {{Companies in China with the highest profit margin}},
year = {2026},
howpublished = {\url{https://companiesranked.com/en/companies-with-the-highest-profit-margin-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.
Companies with the highest profit margin →