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The 10 most profitable publicly-listed Chinese companies that appear in the Forbes Global 2000 list for 2010 are listed below.

Rank

Company

Ticker

Industry

Sales ($bil)

Profits ($bil)

1 PetroChina PTR Oil & Gas Operations 157.22 16.8
2 ICBC Banking 71.86 16.27
3 China Construction Bank OTCPK:CICHF Banking 59.16 13.59
4 Bank of China OTCPK:BACHF Banking 52.2 9.45
5 Sinopec-China Petroleum SHI Oil & Gas Operations 208.47 4.37
6 Bank of Communications Banking 19.05 4.17
7 China Shenhua Energy OTCPK:CSUAY Materials 15.72 3.91
8 China Life Insurance LFC Insurance 24.01 3.12
9 China Merchants Bank OTCPK:CIHHF Banking 12.09 3.09
10 China Citic Bank Banking 9.33 1.96

PetroChina (NYSE:PTR) tops the list with a profit of $16.8B. PetroChina’s profit is comparable to Brazilian oil company Petrobras’ (NYSE:PBR) profit of $16.63B. The list above is heavily concentrated with banks taking six of the spots. None of the Chinese banks trade on the organized US exchanges. It is interesting to note that ICBC’s profit of $16.27 billion is higher than of the profits of America’s superbanks such as Bank of America (NYSE:BAC), JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C).

Source: The 10 Most Profitable Chinese Companies