(China Daily, Beijing) All but two of China’s top 10 most profitable listed companies in 2009 are from the energy or financial sector, the Beijing Times reported Tuesday, based on 832 annual financial reports.

(China Daily, Beijing) All but two of China’s top 10 most profitable listed companies in 2009 are from the energy or financial sector, the Beijing Times reported Tuesday, based on 832 annual financial reports.

 

With a staggering 129.4 billion yuan ($18.95 billion) in after-tax profit, the Industrial and Commercial Bank of China (ICBC), the world’s biggest lender, followed by China Construction Bank with 106.84 billion yuan ($15.65 billion), according to the newspaper citing Wind Info, a financial data provider in China.

 

PetroChina Co, the country’s largest oil and gas producer, came in third with 103.39 billion yuan ($15.14 billion) in net profit last year. Bank of China took fourth place with 81.07 billion yuan.

 

Sinopec Corp, Asia’s top oil refiner, ranked fifth. China Shenhua Energy Co, China’s largest coal producer ranked sixth. The other four are Industrial Bank Co, a mid-sized Chinese lender; China Unicom, a mobile carrier; China Vanke Co, the country’s biggest property developer; and Huaneng Power International Co, China’s biggest listed electricity producer.

 

The total profit of the top 10 companies is 561.14 billion yuan, or 75 percent of the total for the 832 companies combined.

 

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