Sinomach Automobile Co Ltd, with revenue of 64.164 billion yuan ($9.64 billion), is ranked 91st on the 2016 Fortune China 500 list released July 13.

Auto market growth slowed sharply in 2015 due to unfavorable factors, including the declines in the imported automobile market, the Tianjin explosion accident on August 12th, the turmoil of capital markets and the fluctuation of the Renminbi Exchange Rate. However, Sinomach Automobile embraced the challenges and remained steady by virtue of its enthusiasm, skills and solid business foundation.

In 2015, the operating income of the company reached 64.164 billion yuan, and the net profit of CSSC Holdings was 48.1 billion yuan. The imported auto trading services of the company enjoyed a 16 percent share of the market, a leading position. The basic EPS of 0.7664 yuan was also above the industry average.

Companies at the top of the Fortune China 500 list are all large scale listed businesses that reflect the situation of the Chinese economy. Sinopec, PetroChina and China State Construction Engineering Corporation are the top three. In the automobile dealership industry, Zhongsheng Group Holdings Ltd was 102nd in the ranking, Pangda Automobile Trade Co Ltd 111th and Zheng Tong Auto Services Holdings Ltd 191st.

The revenue threshold required to appear on the list has risen to 960.8 billion yuan. The total revenue of all the top 500 companies is about 30.77 trillion, a 1.2 percent year-on-year increase. The net income is about 2.74 billion yuan, an increase of 1.5 percent. Nonetheless, operating income and profit growth fell significantly compared with last year’s figures.