Fortune China has released its latest ranking of the top 500 Chinese companies listed on domestic or overseas stock markets.

The top 500 Chinese companies had a combined 30.4 trillion yuan (US$4.9 trillion) in revenue, up five percent from last year, and 2.7 trillion yuan (US$434.1 billion) in profits, with a year-on-year growth of six percent.

The top 10 list of the most profitable companies is dominated by China's commercial banks. The Industrial and Commercial Bank of China ranked first, with total profits of 275.81 (US$44.43) billion yuan. It beat Apple Inc, the most profitable company in the United States. China Construction Bank and Agricultural Bank of China ranked second and third respectively.

The statistics were based on information published by the listed companies in stock exchanges.

The following are the top 10 most profitable companies in China 2015 by Fortune China. (1 yuan = 0.1611 US dollars)

 Sinopec (中國石油化工股份有限公司)

Sinopec [File photo]

Profit: 47.43 billion yuan; change from previous year: -29.4 percent

Revenue: 2.83 trillion yuan; change from previous year: -1.9 percent

Assets: 1.45 trillion yuan

Market value: 727.85 billion yuan

Net profit ratio: 1.7 percent

Return on assets: 8 percent

Chairman: Fu Chengyu

Employees: 358,571

Headquarters: Beijing

Stock code: SHA: 600028; HKG: 0386; NYSE: SNP; LSE: SNP