China Enterprise Confederation and China Enterprise Directors Association unveiled the 2016 edition of the Top 500 Chinese Enterprises list at the 2016 China Top 500 Enterprises Summit on Aug. 27.
The State Grid grabbed the top spot ， with oil giants China National Petroleum Corp. and Sinopec ranking second and third.
Four Gansu-based companies made it onto the list. Jinchuan fared best, sitting at 63rd with 220 billion yuan ( 33 billion U.S. dollars) in revenue，from 79th last year.
Jinchuan was also named in two other lists, ranking 19th in China's Top 500 Manufacturers list and 42nd in China's Top 100 Multinational Enterprises list.