A new round of the list of the top 100 private enterprises in Zhejiang was released. The revenue of 9 Zhejiang enterprises exceeded 100 billion.
Release date: August 9, 2019
Private economy is the biggest feature of Zhejiang economy, and private enterprises are Zhejiang’s golden business cards. Under the background of “internet plus”, “mass entrepreneurship and innovation”, the integration of various industries is accelerating, and emerging industries are growing rapidly. The development space and industrial market of Zhejiang enterprises are also undergoing profound changes.
Where is the new kinetic energy of development under the new normal? On August 8, Zhejiang Market Supervision Bureau, Zhejiang Federation of Industry and Commerce and Zhejiang Private Enterprise Development Federation jointly announced “Top 100 Private Enterprises in Zhejiang Province in 2019”.
The data shows that despite the extremely complicated macroeconomic situation and the obvious increase in difficulties and risks in economic operation, the top 100 private enterprises in Zhejiang have always maintained a steady and progressive attitude no matter how the external world changes.
Striving for progress in stability shows the resilience and thickness of the top 100 private enterprises in Zhejiang, and it is also a true portrayal of the hard work of the top 100 private enterprises in Zhejiang.
Strong! 9 Zhejiang enterprises’ revenue broke through 100 billion
This year, the entry threshold of the top 100 private enterprises once again crossed 10 billion yuan, which was 10.967 billion yuan, a slight decrease compared with last year.
However, the total sales of the top 100 private enterprises still maintained strong growth this year, reaching 4,226.967 billion yuan, an increase of 14.27% compared with 3,699.229 billion yuan last year.
Geely Holding, Qingshan Holding and Hailiang Group firmly occupy the top three in the rankings. In particular, Geely Holding, which ranks first, achieved sales revenue of 328.521 billion yuan in 2018, becoming the first Zhejiang private enterprise with annual sales exceeding 300 billion.
The 100-billion-strong army in the list is the most dazzling. This year, Xiangsheng Industry joined the lineup of 100-billion-level “aircraft carrier enterprises”. Among Zhejiang private enterprises, the number of enterprises with annual sales exceeding 100 billion yuan has also increased to nine, which also reflects that the pace of Zhejiang private enterprises becoming bigger and stronger is accelerating.
Several latecomers fully demonstrated the growth potential. It took only three years for Xiangsheng Industry from Shaoxing to complete the “transmutation” of sales scale from 10 billion to 100 billion.
Behind the rising total revenue of the top 100 private enterprises in Zhejiang Province is to implement the new development concept, actively adapt to, grasp and lead the new normal of economic development, and deeply connect with Zhejiang’s strategy of innovation leading the opening up, so as to achieve higher quality and more efficient development.
After decades of development, private enterprises in Zhejiang have grown from “small men” to “big men”. From this list, we can already feel the “elephants” running.
The top 100 private enterprises are collectively moving towards higher goals: compared with the previous year, there are six enterprises with revenues of more than 80 billion in this year’s list; The entry threshold of the top 50 has also increased from 22.1 billion yuan to 23.6 billion yuan.
From the increase and decrease of these figures, it can be seen that the listed companies are rushing forward.
Steady! Endogenous motivation is more abundant
On the one hand, it is de-capacity, de-inventory, and de-leverage, on the other hand, it is a shortcoming that constantly complements development. Therefore, the development mode of “strengthening the body” of the top 100 private enterprises is impressive. The revenue of many enterprises has remained stable, even slightly decreased, but the net profit index has been raised.
The revenue of Red Lion Holdings from Jinhua increased by 36%, but its profit increased by 129%, which is inseparable from Red Lion Holdings’ commitment to innovation as the first driving force for enterprise development. In recent years, on the basis of deepening the main business of cement, Hongshi Holdings has developed related industries such as environmental protection and investment to create a “cement ecosystem”.
In order to increase production capacity, reduce costs, promote technological transformation and grasp environmental protection, Yuanli Metal, located in Lishui, has further consolidated and enhanced its core competitiveness through a series of transformation and upgrading combination boxing. In 2018, revenue increased by 20% and profit increased by 344%.
Compared with the previous year, the growth of net assets and net profit of the top 100 private enterprises in the province is also considerable. The total net assets of the top 100 private enterprises in 2018 once again exceeded one trillion yuan, reaching 1,172.53 billion yuan, an increase of 17.04%. The total net profit in 2018 was 147.906 billion yuan, a year-on-year increase of 13.7%, and the net profit of 76 companies increased.
Despite the downward pressure on the economy, on the whole, the growth rate of net profit of high-quality enterprises is still higher than the growth rate of revenue, indicating that the economic quality is still steadily improving. Only by improving the supply efficiency and level can enterprises gain higher profit margins and achieve better development.
Excellent! “Butterfly Change” creates new kinetic energy
In 2019, the top 100 private enterprises in Zhejiang actively participated in the supply-side structural reform and further optimized the industrial structure.
The manufacturing strength has gradually recovered and the new economy has set sail. On the one hand, the manufacturing enterprises such as Geely Group, Qingshan Holdings and Hailiang Group are growing in scale, and on the other hand, the Internet enterprises represented by Dahua Technology and Wentai Communication show the infinite imagination of the new economy such as Zhejiang Internet, Big Data and New Finance.
This change can also be confirmed by the industry distribution of the top 100 private enterprises this year. Although there are many enterprises such as real estate and energy in this year’s list, enterprises belonging to eight trillion industries such as information, environmental protection and health occupy more positions.
More and more traditional manufacturing enterprises seize the opportunity of the new round of market reshuffle, and at the same time do a good job in their main industries, enter industries such as information, environmental protection, health, tourism, fashion, finance and high-end equipment manufacturing through acquisition, merger and investment.
The 11 new faces in this year’s list are also outstanding in emerging industries and high-end equipment.
As the world’s largest photovoltaic module manufacturer, Jingke Energy has vertically integrated production capacity, covering the production of high-quality silicon ingots, silicon wafers and battery chips and the manufacture of high-efficiency single and polycrystalline photovoltaic modules, providing solar products, solutions and technical services to ground power stations, commercial and civil customers in China, the United States, Japan, Germany, Britain and other countries around the world.
In the complicated global market, if you compete on the same stage, if you blindly develop and step on the accelerator, you will inevitably brake and roll over at high speed. If you don’t make progress and don’t arm yourself with technology, you may also be far away from your opponents in the “marathon” of market competition. In the process of industry differentiation, development kinetic energy will be eliminated if it is not changed.
The increasingly superior structure is constantly strengthening Zhejiang’s internal strength to resist the downward pressure of the economy and accumulating kinetic energy for Zhejiang to create new and greater development miracles.
Light! The burden reduction of private enterprises can be seen
119 million yuan! This is a sincere figure provided by Hu Chengzhong, Chairman and President of the Board of Directors of Delixi Group Co., Ltd. This is the “dividend” brought to enterprises by the policy of reducing costs and reducing burdens in the three years of the New Year. According to statistics, from 2015 to 2017, Delixi enjoyed nearly 20 preferential policies, and the accumulated amount of tax relief and subsidies reached 119 million yuan. “These tangible benefits, like nectar that moistens the healthy development of enterprises, are highly valued and cared by the central government for enterprises, and we are very grateful.”
In 2018, Delixi’s revenue and profit increased by 7% and 11% respectively, while the tax payment only increased by 4.2%.
Delixi’s “bill” is just a microcosm of Zhejiang’s implementation of burden reduction.
Since last year, the central, provincial and municipal governments have intensively introduced a package of policies and measures, including four reductions in standards, tax cuts and fees, and increased loan discounts. What is the sense of policy acquisition of private enterprises?
As can be seen from the list, the revenue of Xinghui Chemical Fiber increased by 12% in 2018, the profit increased by 58%, and the tax payment decreased by 12.79%. In 2018, the tax payment of the top 100 private enterprises increased by 13.33% year-on-year, and the growth rate was lower than the growth rate of revenue. Compared with 2017, the tax growth rate showed a downward trend.
Whether it is the combination boxing of reducing the burden of enterprises or the reform of “running at most once”, the new political and business relationship that Zhejiang is striving to build brings a real sense of gain to enterprises. The new political and business relationship of “pro” and “clean” makes enterprises focus on their main business and make the government more responsible. The market legal system of fair competition and survival of the fittest it maintains will definitely inject a steady stream of strong impetus into Zhejiang’s economic transformation and upgrading.
Hi! Zhoushan achieved a “zero” breakthrough
Promoting the construction of Greater Bay Area is an important measure to deepen the Eighth Five-Year Plan and start the reform and opening up again. It is the main battlefield of our province’s modernization and a new engine to promote our province’s high-quality development. Greater Bay Area has become the main battlefield for the transformation and upgrading of private enterprises. This can also be confirmed in the list. The number of listed companies this year is 33 in Hangzhou, 18 in Shaoxing and 15 in Ningbo, accounting for 66% of the total number of listed companies.
Why does Hangzhou lead by a wide margin? What are the advantages of Shaoxing and Ningbo?
“In areas where transformation and upgrading have been carried out early, the results have gradually emerged.” The relevant person in charge said that the accumulation of innovation resources, the optimization of innovation environment and the increase of innovation investment have gradually become the location advantages of these areas. Under the downward pressure of the traditional economy, the new development impetus represented by “five new economies (new technologies, new industries, new formats, new models and new organizations)” has achieved remarkable results. Whether it is taking the high-tech route, or the transformation of traditional manufacturing industry, or the rise of entrepreneurial innovation upsurge, all kinds of paths ultimately point to the same direction-to find new kinetic energy for Zhejiang economy.
It is worth noting that with the acceleration of economic integration in the Yangtze River Delta, Jiaxing, Huzhou and Shaoxing share spillover dividends, stimulating new development momentum.
Throughout this year’s list of the top 100 private enterprises, the phenomenon of unbalanced location distribution of private enterprises has also improved.
Surprisingly, Zhoushan achieved a zero breakthrough. Herun Group from Zhoushan ranked 23rd in the Top 100 list with sales of 45.883 billion yuan. Herun Group Co., Ltd. was founded in 1979. It owns dozens of domestic and foreign entities and shareholding enterprises, and its business covers grain and oil processing, modern logistics, oil storage and trade, real estate development, industrial investment and other fields.
With the advancement of the construction of the Yizhou Grand Passage, it is reasonable to believe that Zhoushan, which is at the forefront of the marine economy, will have more and more enterprises on the list of the top 100 private enterprises in Zhejiang.
As the main battlefield of “big garden” construction in Quzhou, circular economy has become a bright spot of development. Although there are no private enterprises in Quzhou with annual sales exceeding 10 billion this year, it is also reasonable to expect emerging industrial enterprises in Quzhou to leap into the new development process.
(Source: Zhejiang Online)