The All-China Federation of Industry and Commerce recently released a series of lists of China’s top 500 private enterprises in 2024. Among them, Zhejiang has 106 companies on the list of “China’s top 500 private enterprises”, ranking first in the country for 26 consecutive years.
In the lists of “China’s top 500 private enterprises in manufacturing” and “China’s top 100 private enterprises in the service industry”, Zhejiang companies were shortlisted for 109 and 19 respectively, ranking first in the country.
In terms of scale, the total revenue of Zhejiang companies on the “China’s top 500 private enterprises” reached 9.20 trillion yuan, accounting for 21.95% of the total revenue of 41.91 trillion yuan of the top 500 private enterprises. In terms of industry, the 106 listed companies cover a total of 9 major industries, among which manufacturing, construction, and wholesale and retail industries rank in the top three. In terms of geographical distribution, Zhejiang has once again achieved full coverage of 11 prefecture-level cities on the list of “China’s top 500 private enterprises”, and Quzhou City has achieved a zero breakthrough since 2010.
Technological innovation plays a vital role in the high-quality development of the private economy. Analysis of the list shows that most of the listed companies are involved in one or more strategic emerging industries to seize the commanding heights of future competition.
Some companies are targeting energy conservation, environmental protection, green and low-carbon development as new growth points for future development. For example, Chint Group is continuously incubating the graphene new materials industry and exploring solutions for the entire hydrogen energy process; Zhongnan Group is actively exploring business areas such as recyclable materials for decoration engineering, distributed photovoltaics, energy conservation and carbon reduction.
The steady development of private enterprises is inseparable from the continuously optimized business environment. In recent years, Zhejiang Province has continued to deepen and implement the “Eight Eight Strategy”, guided by three “No. 1 Projects”, comprehensively strengthened the construction of the “Three Teams”, vigorously implemented the “Ten Major Projects”, the “Hundreds and Millions” project for high-quality development of the service industry, and the “415X” advanced manufacturing cluster cultivation project, and has achieved remarkable results in cultivating Eagle Enterprises and world-class enterprises.
On October 23, the Zhejiang Provincial Bureau of Statistics and the Zhejiang Survey Team of the National Bureau of Statistics released data showing that in the first three quarters of this year, the industrial added value of private enterprises in Zhejiang increased by 8.6%, and the contribution rate to the growth of industrial added value above designated size was 80.0%.
Yuan Chengmao, vice chairman of the Zhejiang Federation of Industry and Commerce, said that in the next step, a combination of measures will be taken to support the growth and strengthening of private enterprises, and continue to polish the “golden business card” of Zhejiang’s private economy.