The 2025 New Fortune 500 Wealth Creation List is Revealed! How Impressive is the "Wealth-Creating Elite" of the LED Lighting and Electrical Industry?

Recently, New Fortune magazine officially announced the "2025 New Fortune 500 Wealth Creation List". Data shows that the total market value of stocks held by the 500 entrepreneurs and families on the list exceeded 13.7 trillion yuan, an 11% increase from the same period last year, with an average per capita stockholding market value of approximately 27.38 billion yuan. The threshold for inclusion in the list was 6.62 billion yuan, among whom 341 individuals or families had wealth exceeding 10 billion yuan.At 42 years old, Zhang Yiming topped the list of the richest for the first time with a stockholding valuation of 481.57 billion yuan, nearly 120 billion yuan more than the second-place Zhong Shanshan.

Image source: New Fortune Magazine

Many entrepreneurs or families from the LED lighting and electrical industry have strongly entered the list,becoming a vivid testament to the vitality of industry development.

Bull GroupRuan Liping/Ruan Xuepingranked first in the industry with a shareholding market value of RMB 76.89 billion, and 36th on the overall list;

Xingyu SharesZhou Xiaopingranks second in the industry with a market value of RMB 20.71 billion, and 155th on the overall list;

KebodaKe Guihua familyranks third in the industry with a market value of RMB 17.22 billion, and 187th on the overall list;

Dongshan PrecisionYuan Fugen familyranks fourth in the industry with a market value of RMB 14.12 billion, and 241st on the overall list;

Sanan OptoelectronicsLin Xiucheng/Lin Zhiqiangranks fifth in the industry with a market value of RMB 12.52 billion, and 266th on the overall list;

[OPPLE Lighting] Ma Xiuhui and Wang Yaohai couple rank sixth in the industry with a market value of 9.09 billion yuan, and 351st on the overall list;

[Chint Group] The Nan Cunhui family ranks seventh in the industry with a market value of 9.49 billion yuan, and 362nd on the overall list.

Although these entrepreneurs and families hold different positions in the overall ranking, they all occupy important positions in the LED lighting and electrical field, jointly demonstrating the industry's wealth creation strength and development pattern.

Bull Group:

Led by the Ruan brothers, the industry's "richest man" demonstrates deep cultivation strength

Ruan Liping and Ruan Xueping, founders of Bull Group, hold a shareholding market value of 76.89 billion yuan, firmly securing the top position in the LED lighting and electrical industry, ranking 36th on the "2025 New Fortune 500 Wealth Creation List," and are the only entrepreneurs in the industry to enter the top 50.

Bull Group was founded in 1995. After nearly three decades of continuous dedication in the civil electrical field, it successfully listed on the Shanghai Stock Exchange in 2020. The company consistently adheres to the development philosophy of "Professional Focus, Going the Distance," gradually building three core business segments centered on electrical connections, smart electrical lighting, and new energy. Through long-term strategic layout, Bull Group has formed a complete industrial system for sustainable development in the civil electrical and lighting fields.

In 2024, revenue reached approximately 16.831 billion yuan, a Year-on-year (YoY) increase of 7.24%; net profit was approximately 4.272 billion yuan, a Year-on-year (YoY) increase of 10.39%. In the first quarter of 2025, revenue was approximately 3.922 billion yuan, a Year-on-year (YoY) increase of 3.14%; net profit was approximately 975 million yuan, a Year-on-year (YoY) increase of 4.91%.As of July 2, the group's stock closed at 47.93 yuan/share, with a total market capitalization of 86.686 billion yuan, demonstrating the confidence of an industry leader through strong operational performance and market value.

Xingyu Shares:

Zhou Xiaoping follows closely, Automotive lighting takes off with momentum

Zhou Xiaoping, Chairman of Xingyu Shares, holds shares with a market value of RMB 20.71 billion, ranking second in the industry and 155th on the overall list (down 8 places from last year).Xingyu Shares was established in 1993 and went public on the Shanghai Stock Exchange in 2011, focusing on the automotive lighting sector. In recent years, with the rapid rise of the new energy vehicle industry, the company's performance has achieved significant growth.

For the full year 2024, the company achieved revenue of approximately RMB 13.253 billion, a Year-on-year (YoY) increase of 29.32%; Net profit reached RMB 1.408 billion, an increase of 27.78%. Entering 2025, the momentum of performance growth continued, with Revenue of RMB 3.095 billion in the first quarter, a Year-on-year (YoY) increase of 28.28%; Net profit was RMB 322 million, a Year-on-year (YoY) increase of 32.68%.As of the close on July 2, the company's stock price was RMB 122.38 per share, corresponding to a total market capitalization of RMB 34.961 billion.Against the backdrop of the rapid development of the new energy vehicle industry, the company has demonstrated strong performance growth trends.

Keboada Ke Guihua Family:

Deep cultivator in the automotive electronics track

The Ke Guihua family, founders of Keboada, rank third in the industry with a shareholding market value of RMB 17.22 billion, and 187th on the overall list (down 22 places from the previous year).The company was founded in 2003 and is headquartered in Shanghai / Beijing. It focuses on the research, development and manufacturing of automotive electronic control systems. It has now become one of the core suppliers in this field and has established a solid competitive advantage in the intelligent driving and new energy vehicle markets.

In 2024, the company accurately seized industry development opportunities, achieving revenue of RMB 5.968 billion, a year-on-year (YoY) increase of 29.03%; net profit reached RMB 772 million, up 26.81% year-on-year (YoY), demonstrating strong growth momentum. Entering 2025, affected by the market environment, performance in the first quarter experienced short-term fluctuations: revenue was RMB 1.374 billion, a slight year-on-year (YoY) decrease of 3.03%; net profit was RMB 206 million, down 6.04% year-on-year (YoY). Nevertheless, as of July 2, the company's stock price remained at RMB 55.70 per share, with a total market capitalization of RMB 22.495 billion, fully reflecting the market's recognition of its core competitiveness in the automotive electronics field.

Dongshan Precision Yuan Fugen Family:

Model of comeback, demonstrating business resilience

The Yuan Fugen family has become the biggest dark horse of this year's list, with a shareholding market value of RMB 14.12 billion, ranking soaring from 383rd last year to 241st, a significant jump of 142 places, setting a record for the largest ranking increase in the LED lighting and electrical industry, truly an "model of comeback" in the industry.

Dongshan Precision was founded in 1980 and successfully went public (IPO) in 2010. Its business scope spans consumer electronics, communication equipment, industrial equipment, automotive electronics, artificial intelligence, and medical devices, forming a diversified Industry layout.

In 2024, the company achieved revenue of RMB 36.77 billion, a year-on-year increase of 9.27%; although net profit declined to RMB 1.067 billion due to industry environment impacts (a year-on-year decrease of 44.74%), it demonstrated a strong recovery trend in the first quarter of 2025: revenue reached RMB 8.602 billion, up 11.07% year-on-year; net profit was RMB 456 million, surging 57.55% year-on-year. As of July 2, the company's stock closed at RMB 39.60 per share, with a total market capitalization of RMB 72.532 billion. Leveraging excellent business resilience and a comprehensive industry layout, Dongshan Precision successfully achieved a "V-shaped" performance reversal, injecting new vitality into industry development.

Sanan Group Lin Xiucheng / Lin Zhiqiang:

Pioneer in the LED chip field

Lin Xiucheng, founder of Sanan Group, and his son Lin Zhiqiang, rank fifth in the LED lighting and electrical industry with a shareholding market value of 12.52 billion yuan, placing them 266th on the overall list. Founded in 1993, Sanan Group has developed into a leading enterprise in China's LED chip industry after nearly thirty years of technological accumulation. The group has long focused on R&D and industrialization in the semiconductor field, establishing significant technical advantages and market leadership in key technology areas such as LED chips and integrated circuits. Its core enterprise, Sanan Optoelectronics, is a globally leading manufacturer of LED epitaxial wafers and chips, holding significant influence in the international market.

In 2024, Sanan Optoelectronics achieved revenue of RMB 16.106 billion, a year-on-year increase of 14.61%, driven by increased sales revenue from chips, integrated circuit products, and material scrap. However, affected by the ramp-up of production capacity in the integrated circuit business and reduced government subsidies, the net profit attributable to shareholders of the listed company was RMB 253 million, a year-on-year decrease of 31.02%. In the first quarter of 2025, Sanan Optoelectronics continued its positive trend, with total operating revenue of RMB 4.312 billion, a year-on-year increase of 21.23%; net profit attributable to parent company shareholders was RMB 212 million, a year-on-year increase of 78.46%. As of July 2, its stock closing price was RMB 12.25 per share, and the company's total market capitalization reached RMB 61.115 billion.

OPPLE Lighting Ma Xiuhui/Wang Yaohai couple:

Pioneer of the smart lighting track

The market value of the shares held by the Ma Xiuhui/Wang Yaohai couple is RMB 9.69 billion, ranking sixth in the industry and 351st on the overall list. Founded in 1996, OPPLE Lighting early on anchored itself in the smart lighting and whole-house light environment solution track, continuously investing in R&D and market expansion over the years, with the ambition to "build the world's number one smart lighting brand".

In 2024, the company delivered an impressive performance: annual revenue reached RMB 7.096 billion, with net profit reaching RMB 903 million, laying a solid foundation for future development. Entering 2025, the company continued its good development momentum, achieving revenue of RMB 1.491 billion in the first quarter, with net profit of RMB 141 million, a year-on-year increase of 16.77%, demonstrating significant results from its smart lighting strategic layout. As of the close on July 2, the company's stock price was RMB 17.98 per share, with a total market capitalization of RMB 13.398 billion. Currently, the company is continuing to deepen its presence in the smart lighting field, leading the industry's intelligent transformation and upgrade through technological innovation.

Nan Cunhui Family of CHINT Group:

Synergist of Smart Energy and Electrical Products

The Nan Cunhui family ranks seventh in the industry with a shareholding market value of 9.49 billion yuan, and 362nd on the overall list (up 24 places from last year). Since its establishment in 1984, the CHINT Group founded by them has developed into a global leading provider of smart energy system solutions. In recent years, while maintaining its advantages in the energy business, the group has continued to expand into the lighting and electrical products sector, achieving diversified development through business synergy and demonstrating strong market expansion capabilities.

In 2024, the company demonstrated robust operational performance, achieving annual Revenue of 64.519 billion yuan, a Year-on-year (YoY) increase of 12.70%; Net profit reached 3.874 billion yuan, up 5.1%, fully highlighting its leading operational strength in the industry. Entering 2025, the company's performance showed structural adjustments: although Q1 Revenue was 14.559 billion yuan, down 8.23% Year-on-year (YoY), Net profit grew against the trend by 7.55% to 1.163 billion yuan, demonstrating strong profitability resilience. As of the close on July 2, the company's stock price was 22.92 yuan/share, with a total market capitalization of 49.125 billion yuan.

Industry Outlook:

Development Opportunities Behind the Wealth Rankings

The "2025 New Fortune 500 Wealth Creation List" is not only a "barometer" of changes in the wealth of Chinese private entrepreneurs, but also reflects the development trends of the LED lighting and electrical industry. Among the listed companies, there are both long-established leaders deeply rooted in the traditional electrical field and emerging forces rising through new tracks such as new energy vehicles and smart lighting. The industry's direction towards green and intelligent development is clear. With the iteration of market demand and the advancement of technological innovation, LED lighting and electrical companies will usher in a new round of development opportunities, and new spaces for wealth growth will continue to open up. We look forward to these enterprises continuing to write exciting stories of industry development and wealth creation!