The Three Are All Pilots of the Multiplication Program
Summit of China Top 500 Private Enterprises 2018 opens in Shenyang on August 29, and three Dongguan enterprises attend the Summit and related activities Photo by CFP
Production line of Dongguan Huabel Electronic Technology Co., LTD Photo from the data of this Newspaper
http://www.timedg.com/ (by reporter Yu Changhuan and trainee reporter Yang Shengpei) The List of China Top 50 Private Enterprises was released the other day at the Summit of China Top 500 Private Enterprises 2018 hosted by the All-China Federation of Industry and Commerce (ACFIC). A search of the List by the reporter shows that three businesses from Dongguan - Nine Dragons Paper (Holdings) Limited, Dongguan Huabel Electronic Technology Co., LTD and SouYute Group Co., Ltd are on the List. Among them, Nine Dragons Paper (Holdings) Limited holds the highest ranking of 111th.
All Three Enterprises Making the List Are in the Manufacturing Business
The List of China Top 50 Private Enterprises 2018 boasts a steady improvement in both the quality and efficiency of Guangdong enterprises that made the List. Altogether, 60 private enterprises are included in the List, ranking the fourth in the Country. Total business revenue of these enterprises adds up to 4188.269 billion RMB, accounting for 17.11% of the total and ranking the second in the Country.
Three enterprises in Dongguan are included in the List, the fourth largest in the Province by number. Specifically, Nine Dragons Paper (Holdings) Limited comes the 111th with a gross revenue of 55.577 billion RMB, Dongguan Huabel Electronic Technology Co., LTD ranks the 339th with a gross revenue of 21.857 billion RMB and SouYute Group Co., Ltd ranks the 414th with a gross revenue of 18.3 billion RMB.
From the List, it’s clear that all of the three enterprises are traditional manufacturing enterprises and pilots of Dongguan’s Multiplication Program. This indicates the development advantage of Dongguan’s real economy as well.
SouYute Group Co., Ltd Becomes A Dark Horse on the List
The reporter searched the List of China Top 50 Private Enterprises 2017, which also had three enterprises from Dongguan. Nine Dragons Paper (Holdings) Limited and Dongguan Huabel Electronic Technology Co., LTD were among them. SouYute Group Co., Ltd which is new on this year’s List, replaced Dongguan Rural Commercial Bank Co., Ltd. from last year’s ranking.
The success of SouYute Group, a dark house on this year’s List, lies mainly in its effort to seek transformation and upgrading. Faced with multiple pressures from the market, resources, the environment and the cost, SouYute, a leader in the garment business, was able to find opportunities in crisis in the past years. Through resources integration, innovation of operation mode and focus on supply chain management, the company has been able to establish a supply chain service system for the fashion industry and become an epitome of active transformation of local manufacturing business.
Last year, the operation revenue of SouYute Group increased 190.04% over last year; the net profit attributable to shareholders of a listed company was 613 million RMB, an increase of 69.43% year on year. This year, SouYute Group maintained its momentum of rapid growth. The company’s semi-annual report showed that during the first half of this year, the company realized operation revenue of 10.88 billion RMB, an increase of 65.85% year on year. The net profit was 430 million RMB, an increase of 19.09% year on year.
Dongguan Huabel Electronic Technology Co., LTD was also on last year’s List. As the reporter learned from the Songshan Lake Administrative Committee, Huabel Technology was established in 2009 as a subsidiary of Shanghai Huaqin Telecomm Technology Co., Ltd. the mobile phone OEM giant. Huabel is mainly engaged in the development and production of mobile mainboard and complete mobile phone device. By now, this project has been fully completed and put into use, employing nearly 6,000 people.
Over the past years, Huabel Technology has been developing in Songshan Lake at a fast race. Meanwhile, Huaqin Telecomm Technology continued to expand in Dongguan as well. According to data provided by the Songshan Lake Administrative Committee, the R&D Center capital increase project of Huaqin Telecomm Technology officially opened just this June. With a total investment of about 300 million RMB, the R&D Center will be able to develop communication terminals and be devoted to the research and production of mobile terminals and high-end electronic products.
