Jinan releases top lists of private enterprises

Jinan, capital of Shandong province, released a list containing its top private enterprises for 2023 on Oct 10.

The list contains the city's top 100 private enterprises, top 50 private enterprises for scientific and technological innovation, and top 50 private enterprises in terms of growth potential.

The top 100 private enterprises in Jinan have a total asset value of 408.38 billion yuan ($56 billion), a total revenue of 510.12 billion yuan, and a total profit of 33.49 billion yuan. Taishan Iron and Steel, Jiuyang Group and Qilu Pharmaceutical took the top three spots. The city's Licheng district has 19 companies on the list, the most among all districts.

Pan Rongqing, director of the municipal private economy bureau, said that the private economy in the city accounted for 41 percent of the city's gross domestic product, 86 percent of new urban jobs, and 98.6 percent of market entities in 2022.

The total operating income of the top 100 private enterprises over the past year was 510.12 billion yuan, an increase of 4.4 percent year-on-year. The total profits were 33.49 billion yuan, an increase of 19.6 percent from the previous year.

The top 50 scientific and technological innovation companies, which are mainly unicorns, high-tech enterprises and small and medium-sized private enterprises with operating incomes of less than 900 million yuan, have demonstrated strong innovation vitality in terms of R&D investment, patented technology, and standard formulation, according to the municipal private economy bureau.

The top 50 companies in terms of growth potential – they are mainly those with a value of less than 300 million yuan but have strong scientific research ability, fast development speed and operating income - had doubled their operating incomes, total profits and other indicators over the past three years, said the bureau.