The status of the top 10 state-owned enterprises submitted by the Imperial Assets Bureau of the Ministry of Industry and Commerce on December 30, 1904.

In 1904, the total capital of enterprises in the country reached 1 billion yuan, and the total turnover was 5.8 billion yuan, while the total national income of that year was 8.7 billion yuan. Among them, the total registered capital of industrial enterprises is 430 million yuan, and the total industrial output value is 2.5 billion yuan.

1. Hanyeping Group: Headquartered in Hanyang, the total capital is 36 million yuan, of which the imperial central government accounts for 49% of the shares and the Hubei provincial government accounts for 3% of the shares. It includes Hanyang Iron and Steel, Daye Iron Mine, Pingxiang Coal Mine, Hanyang Ordnance, Hanyang Heavy Industry and other sub-group companies, mainly engaged in steel, mining, machinery, ordnance, with a turnover of 330 million yuan in 1904, of which 60% came from military orders.

2. Beiyang Heavy Industry Group: headquartered in Tianjin, with a total capital of 34 million yuan, of which the imperial central government accounts for 48% of the shares and the Tianjin municipal government accounts for 3% of the shares. It includes Beiyang Machinery, Beiyang Locomotive, Tianjin Internal Combustion Engine, Jinhua Automobile, Langfang Aviation, Dalian Shipbuilding and other sub-group companies, mainly engaged in machinery, shipbuilding, ordnance, aviation, automobile locomotives, etc.

3. Imperial Railway: Headquartered in Beijing, with a total capital of 31 million yuan, of which the central government of the empire accounts for 51% of the shares, including six operating companies in Northeast China, Zhili, East China, South China, Southwest and Northwest, and owns the property rights of 27,000 kilometers of 42,000 kilometers of railways in the country.

4. Shenyang (Shengjing) Heavy Industry: The total capital is 30 million yuan, of which the imperial central government accounts for 48% of the shares, and the Fengtian Provincial Government accounts for 3% of the shares, including Fushun Coal Mine, Fengtian Mine, Anshan Iron and Steel, Shenyang Machinery Manufacturing, Shenyang Locomotive and other subsidiaries, mainly engaged in steel, machinery and mining. In 1902, more than 1 million tons of high-quality steel were produced, accounting for more than one-third of the country's steel production.

5. Jiangnan manufacturing: headquartered in Shanghai, with a total capital of 16 million yuan, of which the imperial central government accounts for 45% of the shares, and the Shanghai municipal government accounts for 6% of the shares, including Jiangnan Machinery, Jiangnan Cannon, Shanghai Shipyard, Baoshan Iron and Steel and other subsidiaries, mainly engaged in machinery, ordnance, shipbuilding and steel.

6. Jinling Heavy Industry: Headquartered in Jiangning, with a total capital of 15 million yuan, of which the imperial central government accounts for 51% of the shares, including Jinling Ordnance, Jiangning Shipbuilding, Jiangning Internal Combustion Engine, Jiangning Aviation, Jianghua Automobile and other subsidiaries, mainly engaged in ordnance, aviation, automobile and shipbuilding.

7. Southern Electronics: Headquartered in Shanghai, with a total capital of 14 million yuan, of which the imperial central government accounts for 51% of the shares, it is mainly engaged in electromechanical, communication and optics.

8. Imperial Reclamation: Headquartered in Beijing, with a total capital of 12 million yuan, of which the central government of the empire holds 51% of the shares, including 141 "national model farms" distributed throughout the country, 46 agricultural product processing companies and 25 agricultural product distribution companies located in important cities. Note: Each member of the Future Man Group held 1% of the company's shares, and in fiscal year 1902, each person received a dividend of more than 30,000 yuan.

9. Imperial Chemical: Headquartered in Tianjin, with a total capital of 10 million yuan, and the central government of the empire accounts for 51% of the shares.

10. Imperial Oil: Headquartered in Beijing, with a total capital of 8 million yuan, and the central government of the empire holds 51% of the shares.

The total capital of the above 10 state-owned enterprises amounted to 188 million yuan, of which 51% of the shares belonged to the central and local governments of the empire. The total turnover reached $1.2 billion.