High-tech enterprises in Shenyang exceed 2,500

As of the end of 2020, the total number of high-tech enterprises in Shenyang city in Northeast China's Liaoning province reached 2,560, an increase of 724 from 2019 and 39.43 percent year-on-year.

The number of registered small and medium-sized technology enterprises in Shenyang reached 4,559. Of the total, 1,489 are newly registered enterprises, an increase of 48.50 percent year-on-year.

Shenyang's number of small and medium-sized technology enterprises accounts for 70.56 percent of Liaoning province's total.

Meanwhile, the numbers of provincial-level "Young Eagle" enterprises, "Gazelle" enterprises and "Unicorn" enterprises from Shenyang city reached 776, 82 and six, respectively.

In 2020, Shenyang allocated 9.32 million yuan ($1.40 million) in subsidies for 103 high-tech enterprises.

It also provided subsidies of 139.6 million yuan to 789 re-recognized high-tech enterprises.

Shenyang has set goals for the coming year to develop its high-tech industry and enterprises.

The proportion of scientific research and experimental development expenditures in the regional GDP should increase to more than 10 percent.

The number of technology enterprises should exceed 10,000 in 2021. High-tech products' output value should account for more than 58 percent of the total output value of industries above the designated size.

Background information

Unicorn enterprise

A technology enterprise with an operating income above 500 million yuan in the previous year and its operating income has increased by more than 20 percent in the past two years.

Gazelle enterprise

A technology enterprise with an operating income of 20 million yuan to 100 million yuan in the previous year. Its average annual growth rate for operating income should be more than 15 percent in the past two years.

The enterprise was established in the past 10 years.

Young Eagle enterprise

A technology enterprise with an operating income of 5 million to 20 million yuan in the previous year, and it has been established for no more than eight years.