CompaniesRanked

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

Largest companies in China by shareholders' equity

Shareholders' equity is what remains after subtracting liabilities from assets — the accounting book value of the company, not its market value. 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 1–70 of 70 · Fiscal year 2025 · Data as of September 25, 2026

Baidu (BIDU) tops the list with $38.1B in shareholders' equity for fiscal 2025, ahead of JD.com ($32.2B) and NetEase ($22.9B). The top 10 together report $144B in shareholders' equity; the gap between #1 and #10 is ×8.58. 70 companies in China report shareholders' equity, 2.7% of the 2599-filer universe. The last place on the list, LZ Technology, comes in at $7.0M.

Shareholders' equity
#CompanyShareholders' equityYoY15-year trend
1BaiduBIDUCNTechnology$38.1B+5.5%
2JD.comJDCNConsumer discretionary$32.2B−1.9%
3NetEaseNTESCNTechnology$22.9B+20.6%
4Li AutoLICNConsumer discretionary$10.4B+6.9%
5Ke HoldingsBEKECNReal estate$9.5B−2.8%
6ZTO Express (Cayman)ZTOCNIndustrials$9.5B+11.6%
7Vipshop HoldingsVIPSCNConsumer discretionary$5.9B+7.1%
8Full Truck AllianceYMMCNTechnology$5.8B+12.2%
9Futu HoldingsFUTUCNFinancials$5.1B+42.5%
10Sinovac BiotechSVACNHealthcare$4.4B−46.3%
11Daqo New EnergyDQCNTechnology$4.4B+1.0%
12WeiboWBCNTechnology$3.9B+12.6%
13Qfin HoldingsQFINCNFinancials$3.4B+4.1%
14AutohomeATHMCNTechnology$3.3B+0.4%
15KanzhunBZCNTechnology$2.9B+40.6%
16Finvolution GroupFINVCNFinancials$2.4B+13.6%
17Jinkosolar HoldingJKSCNTechnology$2.2B−17.5%
18RLX TechnologyRLXCNConsumer staples$2.2B+2.1%
19Luckin CoffeeLKNCYCNConsumer discretionary$2.2B+41.1%
20BilibiliBILICNTechnology$2.2B+15.2%
21IqiyiIQCNCommunication services$1.9B+3.9%
22H WorldHTHTCNConsumer discretionary$1.8B+9.8%
23Lexinfintech HoldingsLXCNFinancials$1.7B+16.2%
24Hello GroupMOMOCNTechnology$1.6B+1.2%
25Noah HoldingsNOAHCNFinancials$1.4B+3.1%
26XunleiXNETCNTechnology$1.4B+331.8%
27Kingsoft CloudKCCNTechnology$1.3B+88.2%
28Yiren DigitalYRDCNFinancials$1.3B+1.4%
29Hesai GroupHSAICNIndustrials$1.3B+137.8%
30Sohu.comSOHUCNTechnology$1.3B+38.5%
31X FinancialXYFCNFinancials$1.1B+17.6%
32Chagee HoldingsCHACNConsumer discretionary$1.0B—
33TuyaTUYACNTechnology$1.0B+1.5%
34Himax TechnologiesHIMXCNTechnology$893M+0.4%
35Up FintechTIGRCNFinancials$866M+32.1%
36WaterdropWDHCNFinancials$737M+12.1%
37Zai LabZLABCNHealthcare$716M−14.9%
38HuyaHUYACNTechnology$704M−32.0%
39Jiayin GroupJFINCNFinancials$634M+47.9%
40NIONIOCNConsumer discretionary$595M−27.2%
41ZhihuZHCNTechnology$544M−4.0%
42BaozunBZUNCNConsumer discretionary$521M−2.9%
43Atour LifestyleATATCNConsumer discretionary$514M+26.9%
44Yatsen HoldingYSGCNConsumer staples$431M+2.9%
45SosSOSCNFinancials$423M−2.9%
46China Automotive SystemsCAASCNConsumer discretionary$401M+14.8%
47Cheer HoldingCHRCNTechnology$370M+21.2%
48Douyu InternationalDOYUCNTechnology$284M−50.7%
49Cheetah MobileCMCMCNTechnology$230M−11.7%
50Greentree HospitalityGHGCNConsumer discretionary$225M+12.8%
51So-Young InternationalSYCNTechnology$222M−11.8%
52Viomi TechnologyVIOTCNConsumer discretionary$218M+10.3%
53Zepp HealthZEPPCNTechnology$215M−14.7%
54Gaotu TecheduGOTUCNConsumer discretionary$179M−32.3%
55Wing Yip Food HoldingsWYHGCNConsumer staples$172M+10.4%
56Dingdong (Cayman)DDLCNConsumer discretionary$149M+36.0%
57Sunlands TechnologySTGCNConsumer discretionary$135M+64.1%
58Shengfeng DevelopmentSFWLCNIndustrials$132M+12.6%
59Niu TechnologiesNIUCNConsumer discretionary$129M+1.4%
60BingexFLXCNIndustrials$119M+16.7%
61Cbak Energy TechnologyCBATCNTechnology$113M−7.4%
62Youlife GroupYOULCNConsumer discretionary$105M—
63Scienjoy HoldingSJCNTechnology$88.0M−46.4%
64Huize HoldingHUIZCNFinancials$58.8M+5.0%
65Planet Image InternationalYIBOCNTechnology$57.9M+1.8%
66QuhuoQHCNTechnology$50.7M−20.3%
67Lucas GCLGCLCNTechnology$44.5M+23.6%
68Jianpu TechnologyAIJTYCNTechnology$42.0M−41.1%
69Jowell GlobalJWELCNConsumer discretionary$11.5M−32.3%
70LZ TechnologyLZMHCNTechnology$7.0M−22.0%

All figures from SEC filings · FY2025 · 70

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

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

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