Ownership sample · Updated 18 September 2026 · 8 min read
State-Owned vs. Private A-Share Company Compensation
A full-market ownership comparison requires a verified controlling-shareholder classification. That field is not yet in this dataset, so this article compares a transparent sample of large companies with clear ownership status.
Quick answer
In the selected sample, the 2025 median was CN¥350,477 for state-owned companies and CN¥204,426 for private companies. The samples have different industry mixes, so this is not a full-market ownership effect.
SOE sample
22
Large companies with clear status
Private sample
11
Large companies with clear status
Comparison basis
2025
Median average compensation
Limits of the comparison
The state-owned sample is concentrated in banking, telecoms, energy and infrastructure, while the private sample includes more manufacturing, technology and consumer companies. Any gap reflects industry and workforce mix as well as ownership.
Sample comparison
| Group | Companies | 2025 median | Median YoY | Median 10-year CAGR |
|---|---|---|---|---|
| State-owned sample | 22 | CN¥350,477 | +2.5% | +5.8% |
| Private-company sample | 11 | CN¥204,426 | +1.5% | +7.7% |
State-owned company sample
Private company sample
| Company | 2025 average compensation | YoY change | Industry |
|---|---|---|---|
| East Money Information Co.,Ltd. (300059.SZ) | CN¥419,236 | -2.2% | Securities |
| Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (300760.SZ) | CN¥417,703 | +9.1% | Health Care Services |
| SANY HEAVY INDUSTRY CO.,LTD (600031.SH) | CN¥416,814 | +1.5% | Construction Machinery |
| S.F. Holding Co., Ltd. (002352.SZ) | CN¥223,104 | -2.7% | Warehousing & Logistics |
| Midea Group Co., Ltd. (000333.SZ) | CN¥222,942 | +0.8% | Home Appliances |
| LONGi Green Energy Technology Co.,Ltd. (601012.SH) | CN¥204,426 | +13.2% | Electrical Equipment |
| Contemporary Amperex Technology Co., Ltd. (300750.SZ) | CN¥200,426 | -9.7% | Electrical Equipment |
| MUYUAN FOODS GROUP CO.,LTD. (002714.SZ) | CN¥144,643 | +7.5% | Agriculture, Forestry, Livestock & Fisheries |
| BYD Company Limited (002594.SZ) | CN¥143,300 | +14.0% | Automobiles |
| Foxconn Industrial Internet Co., Ltd. (601138.SH) | CN¥142,885 | +9.5% | Communications Equipment |
| Luxshare Precision Industry Co., Ltd. (002475.SZ) | CN¥86,371 | +0.6% | Electronic Components |
Methodology and limitations
- Average compensation is derived from company-reported employee and compensation figures. It is not the salary received by every employee and does not describe individual pay.
- We use the median to reduce the effect of unusually large observations and show the mean as a separate comparison.
- Missing values are excluded. Year-to-year comparisons include only companies with data in both periods.
- This article is factual data analysis. It is not investment advice, a stock recommendation, or an asset-management service.
- The state-owned and private lists are manually selected large companies with clear ownership status. They are not probability samples of the full A-share market.