Deye Group Co Ltd in Ningbo, East China's Zhejiang province. [Photo/Ningbo Daily]

Eleven enterprises from Ningbo, East China's Zhejiang province made the 2022 list of China's top 500 listed enterprises released by the 21 Data News Lab.

The value of listed companies was based on their closing prices on Dec 31.

Of the 11 Ningbo enterprises that were listed among the top 500, two are listed on the Hong Kong Stock Exchange, while the rest have gone public on A-share markets.

The Bank of Ningbo was the only company from the city that made it to the top 100 despite its ranking falling six places from the previous year to 70th. 

The bank’s market value was estimated to be 214.29 billion yuan ($30.6 billion), down 15.23 percent year-on-year. It was followed by Shenzhou International Group Holdings Limited (117.9 billion yuan) and Sunny Optical Technology (Group) Co Ltd (90.97 billion yuan), which were ranked 161st and 212nd respectively.

Two companies from the city - Deye Group Co Ltd and Ningbo Oriental Cable Co Ltd - were newcomers in the national top 500 list.

Deye's market value soared by nearly 70 percent to 79.14 billion yuan, which resulted in its ranking moving up 266 spots from a year earlier to 254th.

In the first three quarters of 2022, the company generated an operating revenue of 4.07 billion yuan, an uptick of 34.49 percent, while the net profit attributed to the parent company amounted to 927 million yuan, up 131.45 percent year-on-year.

Oriental Cable also made it to the top 500 for the first time as its market value surged by 32.58 percent to 46.65 billion yuan.

Ningbo Ronbay Lithium Battery Material Co Ltd lost its place among the top 500 when its market value shrank by more than 40 percent from a year before.