2025 China 500: Tungsten Enterprises

On July 22, 2025, Fortune magazine released the 2025 China 500 ranking, featuring several molybdenum, rare earth, and tungsten  enterprises, including Xiamen Tungsten Co., Ltd. (ranked 395th with 2024 revenue of 4,891.7 million USD), Luoyang Molybdenum Industry Co., Ltd. (ranked 138th with 2024 revenue of 29,607.1 million USD), and China Northern Rare Earth (Group) High-Tech Co., Ltd. (ranked 415th with 2024 revenue of 4,581.7 million USD).

In 2024, Xiamen Tungsten achieved revenue of 35.271 billion yuan, a decrease of 10.48% year-on-year; net profit attributable to shareholders was 1.740 billion yuan, an increase of 8.60% year-on-year; total assets at the end of the reporting period were 45.391 billion yuan, an increase of 15.58% year-on-year; and shareholders’ equity attributable to the parent company was 15.918 billion yuan, an increase of 41.97% year-on-year. In the first half of 2025, the company recorded revenue of 19.178 billion yuan, an increase of 11.75% year-on-year; net profit attributable to shareholders was 972 million yuan, a decrease of 4.41% year-on-year; and total assets at the end of the reporting period were 47.114 billion yuan, an increase of 3.63% year-on-year.

In 2024, Luoyang Molybdenum achieved revenue of 213 billion yuan, an increase of 14% year-on-year; net profit attributable to shareholders was 13.5 billion yuan, an increase of 64% year-on-year; total assets at the end of the reporting period were 170.236 billion yuan, a decrease of 1.58% year-on-year; and net assets attributable to shareholders were 71.023 billion yuan, an increase of 19.29% year-on-year. In the first half of 2025, the company is expected to achieve a net profit attributable to shareholders of 8.2 billion to 9.1 billion yuan, an increase of 51.37% to 67.98% year-on-year; and a non-recurring profit of 8.3 billion to 9.2 billion yuan, an increase of 47.55% to 63.55% year-on-year.

In 2024, China Northern Rare Earth achieved revenue of 32.966 billion yuan, a decrease of 1.58% year-on-year; net profit attributable to shareholders was 1.004 billion yuan, a decrease of 57.64% year-on-year; total assets at the end of the reporting period were 45.381 billion yuan, an increase of 12.06% year-on-year; and net assets attributable to shareholders were 22.432 billion yuan, an increase of 3.76% year-on-year. In the first half of 2025, the company is expected to achieve a net profit attributable to shareholders of 900 million to 960 million yuan, an increase of 1,882.54% to 2,014.71% year-on-year; and a non-recurring profit of 880 million to 940 million yuan, an increase of 5,538.33% to 5,922.76% year-on-year.

The total revenue of the 500 Chinese companies listed in 2025 reached 14.2 trillion USD in 2024, a decrease of approximately 2.7% compared to the listed companies of the previous year; net profit reached 756.4 billion USD, an increase of approximately 7% year-on-year. The revenue threshold for this year’s listed companies is approximately 36.2 billion USD, a decrease of about 3% from last year’s threshold.

• < Prev
• Next >