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.
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.
| # | Company | Gross profit | YoY | 15-year trend |
|---|---|---|---|---|
| 1 | NetEaseNTESCNTechnology | $10.4B | +14.8% | |
| 2 | Universe PharmaceuticalsUPCCNHealthcare | $6.3B | +3.8% | |
| 3 | Vipshop HoldingsVIPSCNConsumer discretionary | $3.5B | +0.4% | |
| 4 | Li AutoLICNConsumer discretionary | $3.0B | −26.1% | |
| 5 | Ke HoldingsBEKECNReal estate | $2.9B | −8.0% | |
| 6 | Futu HoldingsFUTUCNFinancials | $2.6B | +78.2% | |
| 7 | ZTO Express (Cayman)ZTOCNIndustrials | $1.8B | −6.6% | |
| 8 | NIONIOCNConsumer discretionary | $1.7B | +91.6% | |
| 9 | Tal EducationTALCNConsumer discretionary | $1.7B | +38.8% | |
| 10 | BilibiliBILICNTechnology | $1.6B | +32.2% | |
| 11 | AutohomeATHMCNTechnology | $668M | −12.3% | |
| 12 | Lexinfintech HoldingsLXCNFinancials | $639M | −7.2% | |
| 13 | Gaotu TecheduGOTUCNConsumer discretionary | $593M | +39.6% | |
| 14 | Yatsen HoldingYSGCNConsumer staples | $481M | +34.1% | |
| 15 | Sohu.comSOHUCNTechnology | $453M | +4.7% | |
| 16 | YoudaoDAOCNConsumer discretionary | $374M | −0.6% | |
| 17 | Here GroupHERECNConsumer discretionary | $310M | −30.5% | |
| 18 | Sinovac BiotechSVACNHealthcare | $262M | +18.7% | |
| 19 | Sunlands TechnologySTGCNConsumer discretionary | $251M | +9.5% | |
| 20 | ZhihuZHCNTechnology | $236M | −21.1% | |
| 21 | XunleiXNETCNTechnology | $218M | +29.8% | |
| 22 | Kingsoft CloudKCCNTechnology | $215M | +17.0% | |
| 23 | Jinkosolar HoldingJKSCNTechnology | $202M | −85.4% | |
| 24 | Hesai GroupHSAICNIndustrials | $181M | +49.3% | |
| 25 | RLX TechnologyRLXCNConsumer staples | $169M | +70.0% | |
| 26 | Ecarx HoldingsECXCNTechnology | $161M | +0.7% | |
| 27 | TuyaTUYACNTechnology | $155M | +9.6% | |
| 28 | China Automotive SystemsCAASCNConsumer discretionary | $145M | +33.2% | |
| 29 | HuyaHUYACNTechnology | $125M | +12.5% | |
| 30 | Niu TechnologiesNIUCNConsumer discretionary | $121M | +76.5% | |
| 31 | Cheetah MobileCMCMCNTechnology | $119M | +59.7% | |
| 32 | So-Young InternationalSYCNTechnology | $104M | −15.5% | |
| 33 | Zepp HealthZEPPCNTechnology | $99.2M | +41.2% | |
| 34 | Viomi TechnologyVIOTCNConsumer discretionary | $87.9M | +17.0% | |
| 35 | Jianpu TechnologyAIJTYCNTechnology | $71.7M | −61.7% | |
| 36 | Douyu InternationalDOYUCNTechnology | $70.0M | +57.8% | |
| 37 | BingexFLXCNIndustrials | $67.1M | −0.2% | |
| 38 | Shengfeng DevelopmentSFWLCNIndustrials | $53.1M | +14.7% | |
| 39 | Lucas GCLGCLCNTechnology | $50.3M | +2.8% | |
| 40 | Planet Image InternationalYIBOCNTechnology | $45.7M | −12.6% | |
| 41 | Lotus TechnologyLOTCNConsumer discretionary | $45.2M | +52.6% | |
| 42 | Wing Yip Food HoldingsWYHGCNConsumer staples | $39.5M | −11.8% | |
| 43 | Scienjoy HoldingSJCNTechnology | $32.5M | −3.4% | |
| 44 | UxinUXINCNTechnology | $30.9M | +177.3% | |
| 45 | Youlife GroupYOULCNConsumer discretionary | $27.5M | — | |
| 46 | Cbak Energy TechnologyCBATCNTechnology | $18.4M | −55.9% | |
| 47 | Iczoom GroupIZMCNConsumer discretionary | $6.1M | +23.4% | |
| 48 | LZ TechnologyLZMHCNTechnology | $5.3M | +12.9% | |
| 49 | RidgetechRDGTCNHealthcare | $4.8M | +23.8% | |
| 50 | Texxon HoldingNPTCNIndustrials | $4.7M | −2.4% | |
| 51 | SosSOSCNFinancials | $2.3M | −68.0% | |
| 52 | QuhuoQHCNTechnology | $1.8M | −82.5% | |
| 53 | Zai LabZLABCNHealthcare | $85,862 | — |
All figures from SEC filings · FY2025 · 53
see sources
- NetEase 0001104659-26-043468
- Universe Pharmaceuticals 0001213900-26-009000
- Vipshop Holdings 0001104659-26-044015
- Li Auto 0001104659-26-041705
- Ke Holdings 0001104659-26-048109
- Futu Holdings 0001104659-26-043451
- ZTO Express (Cayman) 0001104659-26-044613
- NIO 0001104659-26-041765
- Tal Education 0001104659-26-073410
- Bilibili 0001193125-26-157842
- Autohome 0001193125-26-155932
- Lexinfintech Holdings 0001193125-26-189256
- Gaotu Techedu 0001193125-26-168211
- Yatsen Holding 0001193125-26-192038
- Sohu.com 0001193125-26-102990
- Youdao 0001193125-26-155933
- Here Group 0001213900-25-104390
- Sinovac Biotech 0001193125-26-258534
- Sunlands Technology 0001193125-26-175368
- Zhihu 0001104659-26-044557
- Xunlei 0001104659-26-050304
- Kingsoft Cloud 0001104659-26-047100
- Jinkosolar Holding 0001104659-26-050737
- Hesai Group 0001104659-26-048025
- RLX Technology 0001104659-26-047278
- Ecarx Holdings 0001628280-26-021865
- Tuya 0001104659-26-046399
- China Automotive Systems 0001104659-26-046434
- Huya 0001104659-26-048944
- Niu Technologies 0001104659-26-044568
- Cheetah Mobile 0001193125-26-171821
- So-Young International 0001104659-26-047129
- Zepp Health 0001104659-26-048127
- Viomi Technology 0001493152-26-018435
- Jianpu Technology 0001104659-21-131781
- Douyu International 0001104659-26-044566
- Bingex 0001493152-26-018831
- Shengfeng Development 0001213900-26-035301
- Lucas GC 0001493152-26-018091
- Planet Image International 0001213900-26-037444
- Lotus Technology 0001104659-26-050310
- Wing Yip Food Holdings 0001213900-26-056618
- Scienjoy Holding 0001213900-26-047123
- Uxin 0001493152-26-020425
- Youlife Group 0001213900-26-067589
- Cbak Energy Technology 0001213900-26-036952
- Iczoom Group 0001213900-25-102243
- LZ Technology 0001213900-26-048529
- Ridgetech 0001213900-26-083638
- Texxon Holding 0001213900-25-111812
- Sos 0001213900-26-057725
- Quhuo 0001213900-26-039520
- Zai Lab 0001564590-19-010185
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/largest-companies-in-china-by-gross-profit" title="Largest companies in China by gross profit" 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/largest-companies-in-china-by-gross-profit">Largest companies in China by gross profit</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=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}}APA 7
CompaniesRanked. (September 25, 2026). Largest companies in China by gross profit. CompaniesRanked. https://companiesranked.com/en/largest-companies-in-china-by-gross-profitBibTeX
@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}
}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.
Largest companies by gross profit →