Recently, "Fortune" released relevant China's top 500 lists and related sub-lists, which are ranked based on the performance and achievements of Chinese listed companies in the past year, and there are 26 listed companies on the list. The company failed to achieve success, with a total loss of 167.5 billion yuan. This article will take stock of the top ten companies with the largest losses among China's top 500, so let's learn about them together.
2021 "Fortune" China's Top 500 Ranking: Ranking of China's top ten companies with the most losses
1. Hainan Airlines
Loss: 64003.31
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Hainan Airlines is one of the fast-growing and dynamic airlines with its main base in Haikou and eight major aviation operation bases in Guangzhou, Dalian, Shenzhen, Beijing, and Xi'an. It owns the Boeing 737 and 767 series , Airbus 330, 340 series and other young luxury fleets have won wide recognition from passengers and the industry with their good safety records and services.
2. Air China
Loss: 14409.43
Air China is a domestic airline that has been ranked among the top 500 global brands for five consecutive years from 2007 to 2011. The major airline is the only domestic airline that flies the national flag. Over the years since its establishment, it has not only been responsible for passenger and cargo transportation, but also has been responsible for the visits and charter flights of many national leaders.
3. China Eastern Airlines
Loss: 11835
China Eastern Airlines is the first domestic airline to be listed in Hong Kong, New York and Shanghai. It is also one of the three major state-owned backbone aviation enterprise groups in China with a huge route network. It is a central civil aviation enterprise that has set a record of five consecutive championships in the national civil aviation service quality evaluation and enjoys a wide reputation at home and abroad.
4. China Southern Airlines
Loss: 10842
This is a company with 15 branches and 5 holding subsidiaries in China. The main air transport company with offices in many overseas places is a domestic airline with multiple transport aircraft and a developed route network. It is also an airline with the largest annual passenger volume that has ranked first among domestic airlines for 32 consecutive years.
5. HNA Technology Co., Ltd.
Loss: 9788.6
HNA Technology Co., Ltd. is a large enterprise established on October 23, 1996. Integrating the development, design and promotion of blockchain technology, artificial intelligence, computer software, integrated circuits, data processing, storage services and other businesses, it achieved an annual turnover of 327.153 billion yuan in 2020.
6. Inner Mongolia Xishui Entrepreneurship Co., Ltd.
Loss: 8743.85
This is a company involved in the building materials industry and electronics industry that was founded in December 1998 One of the largest cement suppliers in the central and western regions in May, it integrates raw coal mining operations, cement, clinker manufacturing and sales and other businesses. It ranked 452nd in the Fortune China 500 list released in 2021.
7. Bohai Leasing Co., Ltd.
Loss: 7704.34
This company was founded in Urumqi, Xinjiang at the end of August 1993. It integrates municipal infrastructure, A large enterprise integrating power facilities and equipment leasing; wholesale and retail of mechanical and electrical products, chemical products; energy, mining investment and other businesses, it will achieve an annual turnover of 38.803 billion yuan in 2020.
8. Pinduoduo
Loss: 7179.74
Pinduoduo is a third-party social e-commerce company founded in September 2015 that focuses on C2M group shopping. The business platform is a domestic mainstream ID case business application product dedicated to allowing users to buy high-quality products in groups at lower prices. In 2020, it achieved an annual turnover of 30.142 billion yuan.
9. iQiyi
Loss: 7045.45
iQiyi was founded in 2010 and listed on NASDAQ in the United States in 2018 ’s online video website has been committed to providing website users with a clear, smooth and user-friendly viewing experience since its establishment, ranking 343rd in the 2021 Fortune rankings.
10. Gome Retail Holdings
Loss: 6993.82
Gome Retail Holdings is a company integrating electrical appliances, consumer electronics retail, securities and futures brokerage business. Large-scale enterprises take financial stimulus projects such as bringing home appliances to the countryside, energy conservation to benefit the people, and trade-in old ones as special core tasks, and are committed to responding to the country's call to stimulate domestic demand, maintain growth, and promote development.