Based on the business data of 431 Chinese enterprises in Thailand established between 2015 and 2022， the development status of these enterprises has been investigated under the background of "One Belt and One Road". Their gross revenue and net profit rate data from 2018 to 2022 indicates that the overall development trend of these Chinese enterprises is favorable. The financial indicators data including debt?to?asset ratio of Chinese enterprises in Thailand indicates that some Chinese enterprises may be facing high financial risks. Case analysis shows that Chinese enterprises should consider economic and social benefits simultaneously and pay full attention to the reasonable adjustment of fund structure. The operational performance of Chinese enterprises in Thailand has been examined at a micro level and furtheroffers practical guidance for Chinese investment into Thailand market.