|Little Giants in Lanxi|
The Ministry of Industry and Information Technology of the People’s Republic of China unveiled the fourth batch of “little giants,” which refer to specialized, sophisticated, distinctive, and innovative small and medium-sized enterprises (SMEs). Three Lanxi companies were on the list: Zhejiang Fengdeng Green Energy Environmental Protection Co., Ltd., Zhejiang Yongjin Metal Technology Co., Ltd., and Zhejiang PanGood Power Technology Co., Ltd.
The selection of specialized, sophisticated, distinctive, and innovative little giants aims to further stimulate the innovation capability and creativity of SMEs, and cultivate pacesetter companies that focus on niche markets and master key technologies with strong innovation ability, high market share, and excellent products and profits.
In recent years, Lanxi has exerted great effort to create a good business environment for SMEs in order to promote the development of just these sort of companies. To date, Lanxi has six national-level little giants. At the beginning of this year, 27 companies in Lanxi were rated as provincial-level little giants in 2021.
Lanxi’s little giants are mainly manufacturing companies whose main products have taken the lead in China as well as in the world. In recent years, these little giants have developed rapidly and have become a new force to promote Lanxi’s industrial transformation, upgrading, and high-quality economic development.
Zhejiang Yongjin Metal Technology Co., Ltd. has become a national-level little giant because it has focused on a niche market. For more than ten years, the company has been engaged in manufacturing cold-rolled stainless steel. It has adopted world-class production equipment and technology to develop and produce ultra-thin and high-precision stainless steel plates and strips. Its products have taken a leading position in the world and filled the current market gap in China. The company is small but powerful. In 2021, the output value of Yongjin exceeded 1.9 billion RMB, a year-on-year increase of 38%.
Zhejiang Fengdeng Green Energy Environmental Protection Co., Ltd. is a little giant mainly engaged in the comprehensive utilization of hazardous wastes, energy regeneration, and the research and development of relevant technologies. The company is actively planning industrial arrangements and digital transformation in preparation for going public. “Being selected as a national specialized, sophisticated, distinctive, and innovative little giant is the highest and most prestigious honor for SMEs in China. It is great recognition for our company to be granted the title. We will adhere to an innovation-driven development strategy and constantly improve our core competitiveness and market influence in the high-value utilization of organic waste,” said a spokesperson for the company.
Zhejiang PanGood Power Technology Co., Ltd. is an industry leader developing in Lanxi. Its main products are electric drive assemblies composed of new axial-field electric machines, drive motor controllers, and chassis suspension systems. The company provides small, light, and efficient electric drive systems for new energy vehicles. As of July 2022, the company had applied for more than 1000 patents.
In the future, Lanxi will accelerate the cultivation of specialized, sophisticated, distinctive, and innovative little giants, increase its support for national-level innovative SMEs, and guide them to focus on niche markets, enhance their innovation capability, and improve their market share. (Source: Lanxi Convergent Media Center, translated by Jin Haiqiong, edited by Kendra Fiddler)