On September 15th, the China Enterprise Confederation and the China Entrepreneur Association held a press conference in Beijing to release the "2025 Top 500 Chinese Enterprises" list, which includes the continuous growth of enterprises with a scale of billions, the emergence of major technological innovation achievements, and the continuous optimization of structural adjustments. The list shows that in the face of a complex and ever-changing external environment, Chinese enterprises are forging ahead and overcoming difficulties. On the basis of maintaining growth in total scale, economic benefits continue to improve, leading momentum continues to increase, and the "gold content" of enterprises steadily increases, reflecting the vitality and resilience of the Chinese economy. The quality and quantity of enterprise development are the micro foundations of high-quality development. During the 14th Five Year Plan period, large enterprises represented by the top 500 Chinese enterprises bravely faced challenges, worked hard to overcome difficulties, and maintained a steady and positive development trend while actively serving and deeply integrating into the new development pattern. Chinese large enterprises have fully leveraged their comparative advantages, firmly grasped the historic opportunities brought by industrialization, informatization, urbanization, marketization, and internationalization, innovated and developed in the process of transformation, and achieved remarkable results on the path of strengthening, optimizing, and expanding. This greatly enhances our confidence and confidence in promoting high-quality development. ”Hao Yufeng, Deputy Secretary General of the China Enterprise Confederation, said. Looking at revenue, the overall scale has reached a new level. Compared with the end of the 13th Five Year Plan period, the operating revenue of China's top 500 enterprises has increased from 89.83 trillion yuan to 110.15 trillion yuan, an increase of 22.62%, reaching a new level of 110 trillion yuan; The total assets increased from 343.58 trillion yuan to 460.85 trillion yuan, an increase of 34.13%. During the same period, the operating revenue of Fortune 500 companies increased by 31.68%; The number of enterprises with a scale of billions has increased from 222 to 267, and the financial strength of Chinese enterprises is becoming increasingly solid. Looking at investment, innovative development has become a trend. Since the 14th Five Year Plan period, the actual R&D investment of the top 500 Chinese enterprises has increased from 1306.6 billion yuan to 1728.7 billion yuan, an increase of 32.30%; The average R&D intensity increased from 1.77% to 1.95%, reaching a historic high. At the same time, the number of invention patents increased from 594600 to 1039600; The cumulative participation in standard setting has increased from 69000 to 91400. Nowadays, Chinese enterprises are at the forefront in fields such as shipbuilding, robotics, electric vehicles, solar energy, drones, and artificial intelligence. Looking at development, continuous optimization of structural adjustment. The three major categories of enterprises, namely manufacturing, service, and other industries, are developing simultaneously. The contribution rates of the three categories of enterprises to the total revenue in the "2025 China Top 500 Enterprises" are 40.48%, 40.29%, and 19.23%, respectively. Different types of enterprises are achieving coordinated development. Compared with the end of the 13th Five Year Plan period, the number of advanced manufacturing companies shortlisted has increased, and the number of shortlisted companies in industries such as new energy equipment manufacturing, power and energy storage batteries, communication equipment and computer manufacturing, semiconductor and panel manufacturing has increased from 23 to 32. In addition, the regional distribution of shortlisted enterprises is more balanced, with the number of shortlisted enterprises in the eastern region decreasing from 371 to 362, a decrease of 9; The number of shortlisted enterprises in the central region has increased from 49 to 61, an increase of 12. The increase and decrease reflect a more coordinated development of various industries and regions. The continuous improvement of the 'gold content' of large enterprises in our country is mainly due to the systematic evolution of structural optimization, technological innovation, and other aspects. ”Lv Peng, a researcher at the Institute of Sociology of the Chinese Academy of Social Sciences, stated that in terms of structural optimization, large enterprises actively integrate and lead the construction of modern industrial systems, gradually shifting from pursuing scale expansion to quality improvement and value chain ascent; In terms of technological innovation, large enterprises continue to increase their R&D investment, becoming the core force driving the digital and intelligent transformation of industries. According to the list of enhanced influence at home and abroad, there are 39 new or re listed companies in this year's Top 500 Chinese Enterprises. Among them, automobile and parts manufacturing, logistics, and supply chain enterprises increased the most, with a total of 6 newly shortlisted enterprises; Nearly 60% of enterprises have seen an increase in their research and development intensity compared to the same period last year; Among the top 10 companies in terms of R&D intensity, 5 are from the communication equipment manufacturing industry... Various signs indicate that with the continuous increase in the number of advanced manufacturing and modern service industry enterprises among the top 500 Chinese enterprises, their role as the backbone is becoming more prominent. To build a socialist modernized strong country and participate in global economic competition and cooperation, China urgently needs to cultivate a large number of world-class enterprises as support. ”Zhu Hongren, Secretary of the Party Committee, Executive Vice President and Secretary General of the China Enterprise Confederation, said that large enterprises, as the leaders of industrial development and a "key minority" of operating entities, play a pioneering role in developing strategic emerging industries and laying out future industries, and have become the main cultivators and promoters of new quality production capacity. Lv Peng believes that in the process of Chinese path to modernization, large enterprises have played multiple key roles and become an important force to promote high-quality economic development, promote common prosperity and achieve innovation driven. Firstly, large enterprises have effectively enhanced the endogenous power and reliability of the domestic circulation by building an industrial ecosystem centered around local chain owners. Secondly, large enterprises actively implement the innovation driven development strategy. They can not only independently tackle key core technologies, but also drive SMEs and manufacturing clusters to achieve overall transformation through industrial Internet platforms, open source technology communities and other means. Once again, large enterprises have made significant contributions in promoting regional coordinated development and fulfilling social responsibilities. By carrying out industry investment, skills training, and employment support tailored to local conditions, large enterprises have helped local governments enhance their economic resilience. In addition, in terms of promoting green development and guiding social capital investment in key areas, large enterprises have also played the role of "ballast" and "vane", becoming important practitioners and leaders on the road to Chinese path to modernization. At the level of international influence, the "Analysis Report on the Top 100 Chinese Multinational Companies and Transnational Index" shows that the overseas operating revenue of the top 100 Chinese multinational companies in 2025 is 9068.7 billion yuan, the total overseas assets are 11959.4 billion yuan, and the total number of overseas employees is 1174708. Since the 14th Five Year Plan period, the overseas assets and overseas operating income of the top 100 Chinese multinational corporations have increased by 29.74% and 47.44% respectively. Behind these data are the efforts of Chinese large enterprises to deeply cultivate the international market. Lv Peng stated that with the profound changes in the international competitive landscape, Chinese large enterprises continue to enhance their global resource allocation capabilities. Through exporting high-tech products, participating in international standard setting, and establishing overseas research and development centers, they have achieved a leap from "technology following" to "technology parallel" or even "technology leading". This not only significantly enhances the brand premium and competitiveness of the enterprise itself, but also wins greater say for "Made in China" in the global value chain. Seizing Opportunities: In the complex and ever-changing global economic landscape, Chinese large enterprises stand at a new crossroads of development, facing both challenges and opportunities. Zhu Hongren stated that Chinese large enterprises should bravely become the "main engine" driven by innovation. Technological innovation is the core driving force for industrial upgrading. Chinese large enterprises must increase long-term investment in basic research and key common technologies, rely on rich domestic application scenarios, and accelerate breakthroughs in key core technologies such as chips and artificial intelligence algorithms. At the same time, it is necessary to take the lead in building a collaborative innovation system that deeply integrates industry, academia, and research, and transform scale and talent advantages into powerful driving forces for the industry to move towards the high-end of the value chain. In cultivating new quality productivity, large enterprises should play the role of the "main force". At present, it is a critical period for the transformation of old and new driving forces. Large enterprises not only need to transform traditional industries, but also need to become pioneers in strategic emerging industries and future industries. We should combine our own resources, increase investment in areas such as biomanufacturing and green energy, create new industrial pillars, and lead the acceleration of industrial system upgrading. In addition, large enterprises should take the lead in industrial transformation and upgrading. Greening and digitization are symbols of modern industrial systems, and large enterprises need to integrate green concepts throughout the entire product lifecycle to lead the green development of the industrial chain. At the same time, we should use big data and cloud computing technology to accelerate our own digital transformation, build an industrial Internet platform, radiate digital capabilities to upstream and downstream SMEs, and drive the industrial ecology to achieve overall digital upgrading. Faced with a complex international environment, large enterprises also need to take on the "ballast stone" of ensuring the security of their industrial and supply chains. As the core of the industrial chain, large enterprises should leverage their market and technological advantages, collaborate with industry, academia, research, and application to create a modern industrial ecosystem that is independent and controllable. Actively participate in the joint construction of the "the Belt and Road", expand the international market, and enhance the resilience of China's industrial system in the domestic and international dual cycle. The more severe the challenge, the more we need to see our unique opportunities and advantages. ”Hao Yufeng stated that on the one hand, China has the advantage of a super large market, a complete industrial system, continuous and stable macro policies, and a continuously optimized business environment; On the other hand, the increasingly mature digital technologies such as artificial intelligence, big data, and the Internet of Things provide strong support for enterprises to transform their production methods and achieve high-quality development. The fundamental issue is that the long-term positive fundamentals of China's economy have not changed, nor will they change. (New Society)