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    Openness, Perseverance,Advancing with the times

Huayou Cobalt Ranks No. 278 on 2025 Fortune China 500 List with $8.47 Billion Revenue, Rising Two Spots

  • 2025-07-22

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On July 22, The 2025 Fortune China 500 ranking was released today, with Huayou Cobalt (603799.SH) securing the 278th position with $8.47 billion in revenue (RMB 59.99 billion) in 2024, climbing two places from the previous year.

The list, compiled using the same methodology as the Fortune Global 500, includes both publicly listed and non-listed enterprises. In 2024, the top 500 Chinese companies achieved a combined revenue of USD 14.2 trillion and a net profit of USD 756.4 billion, marking a 7% year-on-year increase. The revenue threshold for inclusion was approximately USD 3.62 billion. This data provides insights into the latest development trends of China’s largest enterprises.

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     Facing challenges in 2024—including profound adjustments in the new energy industry landscape, accelerated restructuring of global supply chains, and volatile market conditions—Huayou Cobalt maintained strategic focus. Adhering to its "customer-centric and value-creating" philosophy, the company strengthened overall coordination, optimized industrial structures, enhanced technological support, and advanced cost efficiency. It accelerated the transition from an operational model of "overseas resources/domestic manufacturing/global markets" to "overseas resources/international manufacturing/global markets," integrating more openly into the global new energy supply chain. By prioritizing steady progress and excellence, Huayou achieved record-high operational quality, securing its position on both the China Enterprise 500 and Fortune China 500 lists for consecutive years. 

Looking ahead, the company aims to solidify its leadership in the cobalt and nickel industries, further globalizing its operational framework of "overseas resources/international manufacturing/global markets." Committed to pioneering new quality productive forces and high-quality development, Huayou seeks to forge new competitive advantages and drive momentum, striving to become a global leader in new energy lithium battery materials and contribute to the high-quality growth of the new energy sector.

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设计 ▏曹 宇

编纂 ▏吕亚晴

审核 ▏刘 强


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