Update: Added content about and 's losses in 2021.

Nio and Li Auto were ranked 344th and 427th, respectively, on the Fortune China 500 list, while failed to make the list.

(Image credit: Fortune China)

Nio (NYSE: NIO, HKG: 9866, SGX: Nio) and Li Auto (NASDAQ: LI, HKG: 2015) are officially among the 500 largest publicly traded Chinese companies.

On July 12, the 2022 Fortune China 500 list was released, recognizing the performance and achievements of the world's largest publicly traded Chinese companies over the past year.

The 500 Chinese listed companies on the list had total revenue of RMB 62 trillion, an increase of about 17.4 percent compared to the revenue of companies on this list last year.

The net profits of these companies reached RMB 4.7 trillion, an increase of about 9.2 percent from the previous year.

Compared with the previous year's list, the revenue and net profit of the companies on this year's list have both increased significantly. The annual revenue threshold for companies on this year's list is nearly RMB 22.8 billion, a 31 percent increase from last year's threshold of nearly RMB 17.4 billion.

The top three companies on the list this year are Sinopec Group, China National Petroleum and China State Construction Engineering, which are all state-owned companies.

Two private companies, JD.com and Alibaba, both improved their rankings, with JD.com moving from 11th to 7th place last year and Alibaba moving from 14th place last year to 11th place.

In the new energy vehicle (NEV) industry, Nio and Li Auto are both entering the list for the first time, ranking 344th and 427th respectively.

Nio's revenue in 2021 was RMB 36.1 billion, up 122.3 percent year-on-year, according to its previous announcement.

In 2021, Li Auto's revenue was RMB 27 billion, up 185.6 percent from RMB 9.46 billion in 2020.

Xpeng Motors (NYSE: XPEV, HKG: 9868) failed to make the list because its revenue last year was below the threshold of about RMB 22.8 billion.

Xpeng's revenue for the full year 2021 was RMB 21 billion, up 259.1 percent from RMB 5.8 billion in 2020.

A total of 49 listed companies in the Fortune 500 China failed to make a profit, with losses totaling about RMB 436.3 billion last year.

Based on the loss figures shown in each company's earnings report, the top loss leader is short-video platform Kuaishou, with a loss of more than RMB 78 billion.

Ride-hailing giant Didi lost RMB 49.3 billion, and Suning.com lost RMB 43.2 billion, making them the companies with the most losses after Kuaishou.

It's worth noting that Nio and Li Auto are also among those 49 companies that are loss-making.

Nio's net loss in 2021 was RMB 4 billion, a decrease of 24.3 percent from 2020. Excluding share-based compensation expenses, non-GAAP adjusted net loss was RMB 3 billion for 2021, a decrease of 41.2 percent from the previous year.

Li Auto's net loss in 2021 was RMB 321.5 million, an increase of 111.9 percent from RMB 151.7 million in 2020. Under non-GAAP, it achieved a net profit of RMB 779.9 million in 2021, compared to a non-GAAP net loss of RMB 281.2 million in 2020.

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