The 2024 China Top 500 Enterprises list has been released, with Pengfei ranking 240th.
Release Date:
2024-09-12
On September 10–11, the 2024 China Top 500 Enterprises Summit Forum was held in Tianjin. The All-China Federation of Industry and Commerce and the China Enterprise Confederation jointly unveiled the “2024 China Top 500 Enterprises” list, on which Pengfei Group ranked 240th, up four places from last year.

As a private enterprise in Shanxi Province, Pengfei has topped this ranking for four consecutive years. Since its first appearance on the list in 2021, Pengfei Group’s annual revenue has surged from RMB 56.78218 billion to RMB 105.19804 billion in 2024, with its ranking climbing from 354th to its current position at 240th. Moreover, it has remained firmly in the top half of the “China Top 500 Enterprises” list for two years running.

The achievements attained would not have been possible without the steadfast support of Party committees and governments at all levels for the continuous optimization and innovation of the business environment; a series of policies has provided fertile ground for the development of private enterprises. On China’s economic landscape, the private sector has become an indispensable pillar. Looking ahead, Pengfei will keep pace with the times, remain in sync with national strategies, deepen its expertise in the traditional energy sector, and continue to champion innovation and green development. By further advancing digital transformation, we will drive the intelligent and digital upgrading of the energy industry, wholeheartedly build a comprehensive hydrogen‑energy industrial chain, and intensify research, development, and application of green technologies. We are committed to becoming a pioneer in the energy transition and a model of sustainable development, contributing Pengfei’s strength to China’s high‑quality economic growth.
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