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“Multiplication Legion” from Dongguan Shines among the Top 500 Guangdong-Based Enterprises
  • 2018-10-19 13:57
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  • Publisher:DongguanSongshan Lake Sci. & Tech. Industry Park

A few days ago, the list of the Top 500 Guangdong-based enterprises in 2018 was released, with 14 Dongguan-based enterprises being included. Compared with the situation in the whole province, the fact that the Dongguan-based enterprises were included on the list, shows that Dongguan is a strong manufacturing city and the percentage of manufacturing enterprises is increasing.

It is worth noting that of the 14 Dongguan-based enterprises included on the list, 11 are pilot enterprises of “Multiplication Program” in Dongguan. The inclusion of these enterprises also indicates the strong rise of “Multiplication Legion” from Dongguan as well as a good development trend of the real economy in Dongguan.

Two “Dark Horses” in Dongguan Attracted Attention

This year, a total of the 14 Dongguan-based enterprises are included on the list of the Top 500 Guangdong-based enterprises in 2018. But it witnessed a reduction compared with that in 2017, when 16 Dongguan-based enterprises were included. In the ranking of the Dongguan-based enterprises included on the list, the top three in the last year were Shengyi Science Technology, SouYuTe and East. In this year, the top three are Nine Dragons Paper, SouYuTe and Shengyi Science Technology, the rankings of which are 34th, 95th, 134th respectively.  In terms of industry category, among the Dongguan-based enterprises included on the list, there are 10 manufacturing enterprises.

Dongguan Fu Zhiyuan Feed Protein Development Co., Ltd is a newly listed enterprise this year, ranking 145th and forth among the Dongguan-based enterprises, and it is no doubt a “dark horse”.  The reporter found out that,” This enterprise, which was incorporated in 2003 and is located in Hongmei Town, is an honorary pilot Dongguan-based enterprise of “Multiplication Program” in 2018. Its main business is producing and selling feed proteins (soybean meal, rapeseed meal, puffing soybean meal, fermented soybean meal), among other.

Of the Dongguan-based enterprises included on the list, SouYuTe is another “dark horse”. Last year, SouYuTe ranked 162nd on the list while it climbed to 95th this year because of its positive transformation and upgrading in recent years.

Previously, according to the list of China Fortune 500 issued by www. fortunechina.com, which ranks Chinese listed enterprises inside and outside China based on their business revenues, SouYuTe Group is the only Dongguan-based enterprise on the list, ranking 402nd as the enterprise first appearing on the list.

Under great pressures of the market, resources, environment and cost, in recent years, SouYuTe, a leading enterprise in the garment industry, found the opportunities in the crisis through resource integration, model innovation and supply chain management business to build a powerful supply chain service system of fashion industry. And it became an epitome of manufacturing enterprises in Dongguan which actively seek for transformation and upgrading.

Last year, the business revenues of SouYuTe reached RMB 18.3 bilion, up by 190.04% year-on-year. The Net profit attributable to shareholders of the listed enterprises reached 613 million, up by 69.43% compared with the net profit in the last year.

11 Dongguan-Based Enterprises of the “Multiplication Program” were on the List

It was said that of the 14 Dongguan-based enterprises included on the list of the Top 500 Guangdong-based enterprises, 11 were pilot enterprises of “Multiplication Program”in Dongguan.

According to the data from Dongguan Bureau of Economy and Information (Dongguan Multiplication Program Office), in the first half of the year, 286 Dongguan-based pilot enterprises of “Multiplication Program” achieved 169.628 billion RMB in operating revenues, up by 20% year-on-year.

On the basis of last year’s good results, this year, “Multiplication Program” starts to include more enterprises. Thirty-six honorary pilot enterprises and 250 pilot enterprises form the “Multiplication Legion”. For this reason, Dongguan put forward 10 new policies and measures based on the original “Multiplication 20 Items”. Over the past six months, the “Multiplication Program” has achieved remarkable results.

Of these 286 enterprises, 263 are industrial enterprises with an annual major business income of 20 million RMB or more. In the first half of the year, the total industrial added-value reached 32.24 billion RMB, up by 9.7% year-on-year. And it accounted for 18% of the industrial added-value of enterprises with an annual major business income of 20 million RMB or more, 1.8 percentage points higher than the city’s industrial level.

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