Many tire companies are listed in Hurun China Top 500

On February 25, the Hurun Research Institute officially released the 2024 Hurun China 500 list, ranking the top 500 non-state-owned enterprises in China based on market value. The list highlights the latest trends in China’s private economy.

Tech Giants Lead the Ranking, TSMC Retains the Top Spot

Among the ranked enterprises, TSMC secured the top position with its massive market value, maintaining its lead in the Chinese private sector. Tencent and ByteDance followed closely in second and third place, reflecting the strong global competitiveness of China’s technology and internet companies.

Tire Industry Shines, Sailun Tire Surges Up the List

According to Tire World, multiple tire and related companies made it onto this year’s list, demonstrating steady growth in the industry. Sailun Tire ranked 257th with a market value of 48 billion RMB, marking a significant rise of 87 places from the previous year. This substantial increase reflects Sailun’s steady global expansion and continued breakthroughs in technology innovation, intelligent manufacturing, and brand influence.

Cheng Shin Rubber (CST) was ranked 360th with a market value of 35.5 billion RMB, maintaining its leading position in the global tire industry. Sharing the same market value, Himile Technology also secured the 360th position.

Additionally, Linglong Tire was ranked 437th with a market value of 29.5 billion RMB, further strengthening its competitive presence in both domestic and international markets.

Industry Supply Chain Enterprises Also Make the List

Not only did tire manufacturers perform well, but key supply chain enterprises also made their mark. Giant Star Technology, the parent company of ZC Rubber, secured the 395th spot with a market value of 30.5 billion RMB, showcasing its strong industry influence. Similarly, Wanda Group, the parent company of Wanda Baotong, ranked 405th with a market value of 29 billion RMB, highlighting the overall positive development trend across the tire supply chain.

Total Market Value of Hurun China 500 Exceeds 56 Trillion RMB

This marks the sixth consecutive year that the Hurun Research Institute has released the Hurun China 500 list. In 2024, the total market value of the top 500 companies reached 56 trillion RMB, representing a 13% year-on-year increase and reinforcing the sustained growth potential of China’s private economy.

Despite increasing global economic uncertainties, China's tire industry continues to demonstrate resilience and competitiveness. With the ongoing transition toward greener technologies, the adoption of advanced materials, and the expansion into global markets, more Chinese tire companies are expected to climb higher in the rankings, further enhancing their influence on the international stage.