The List Included 14 Enterprises Rooted in Anhui
HEFEI, China, Sept. 22, 2024 /PRNewswire/ -- On September 20, 2024, China Enterprise Confederation (CEC) and China Enterprise Directors Association (CEDA) unveiled the 2024 Top 500 Chinese Manufacturing Enterprises list at the World Manufacturing Convention (WMC).
Leading the pack are Sinopec Group, China Baowu Steel Group Corporation Limited, Sinochem Group, China Minmetals Corporation, Hengli Group, SAIC Motor Corporation Limited, Huawei, FAW Group, Zhejiang Rongsheng Holding Group, and BYD, making up the top 10.
The threshold for inclusion in the 2024 list has risen to 17.062 billion yuan, marking a 512 million yuan increase from the prior year. Collectively, these companies have reported a total operating revenue of 52.01 trillion yuan, up 1.86% year-on-year.
Innovation continues to be a key driver, with the Top 500 investing 1.23 trillion yuan in research and development (R&D), a 12.51% increase over the previous year. R&D intensity stands at 2.37%, up 0.04 percentage points from a year before. These companies also hold 1.4937 million valid patents, including 717,300 invention patents, representing a 3.85% and 11.35% increase, respectively. The proportion of invention patents has risen to 48.02%, up 3.24 percentage points from the previous year. Overseas expansion is also on a steady trajectory, with the Top 500 reporting foreign assets totaling 7.29 trillion yuan, up 5.81% from the previous year, and overseas operating revenues of 7.13 trillion yuan.
Geographically, Zhejiang, Shandong, Jiangsu, Guangdong, and Hebei boast the highest number of companies among the Top 500.
Fourteen companies from Anhui, including Chery Holding, Tongling Nonferrous Metals Group, Conch Group, Sungrow, Anhui Truchum Advanced Materials & Technology, JAC Group, Gotion High-tech, Shanying International, Honglu Steel Structure, Tiankang Group, Zhongding Group, Gujing Group, Tongling Chemical Industry Group, and Tongling Jingda Special Magnet Wire, have secured a place on the list.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
The 2024 Top 500 Chinese Manufacturing Enterprises List Released in Hefei
HEFEI, China, Sept. 22, 2024 /PRNewswire/ -- In recent years, Anhui, a province in eastern China, has been pursuing high-quality development across the entire spectrum of new industrialization and endeavoring to make manufacturing become high-end, smart, and green.
In Ma'anshan City, significant changes have been taking place to the city's economic mainstay steel industry. With expanded product catalogue and application of more scientific and technological innovations, the steel products have successfully entered into high-end market and added value of the steel products has seen a dramatic increase. Baowu Group Masteel Rail Transit Materials Technology Co., Ltd., a leading enterprise in Ma'anshan, has mastered core technologies for manufacturing wheels for high-speed trains, and also established an advanced and stable manufacturing system. The company's premium axle products have been exported to over 70 countries and regions worldwide. 
Lighthouse factories, assessed by the World Economic Forum in collaboration with McKinsey & Company, have been considered as pacesetters in the intelligent and digital transformation of the global manufacturing sector. Anhui is home to five such lighthouses, ranking third in the country. One of them is the Hefei Haier COSMO Intelligent Control Interconnected Factory. The factory has reduced the time required for its standard operating procedure (SOP) from three to four hours to less than three seconds by employing a virtual industrial engineer. This virtual engineer is capable of making real-time adjustments and selecting the best one from thousands of solutions, resulting in a 30 percent increase in efficiency.
More than 80 percent of industrial enterprises above designated size in Anhui Provnince have launched their digital transformation. Over 50 percent of them have achieved digital transformation. The new landscape of intelligent manufacturing is taking shape at a fast pace.
Tongling City located in central Anhui Province is the home to the first copper industrial base of the People's Republic of China. In the workshop of the Tongling Nonferrous Metals Group Co., Ltd. Jinguang Copper Branch, accompanied by the roar of machines, the slag generated in the production process is being recycled via a series of processes including slow-cooling, crushing, and screening. "Through technological upgrading and transformation, we can recover as many as 14,300 tonnes of copper metal a year, with total resources equivalent to the reserve of a medium-sized copper mine," said Wen Yan, general manager of the branch.
To accelerate the green development of the manufacturing sector, Anhui has taken comprehensive measures, namely, reducing output, controlling production capacity, and adjusting structure at the source; bolstering technological capabilities and energy efficiency in process control; setting models for enterprises and driving recycling in the end-of-pipe treatment. During the 13th Five-Year Plan period (2016-2020), the energy consumption per unit of the added value for industrial enterprises above designated size in Anhui decreased by 20.05 percent. Currently, 80 percent of national-level industrial parks and 75 percent of provincial-level industrial parks have completed recycling transformation.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Manufacturing in Anhui: Advancing Towards Higher-Quality Development through Transformation and Upgrading
Manufacturing in Anhui: Advancing Towards Higher-Quality Development through Transformation and Upgrading
Manufacturing in Anhui: Advancing Towards Higher-Quality Development through Transformation and Upgrading
