Moving towards mid to high end: Manufacturing single champion enterprises are positively correlated with regional economic development

At present, under the premise of returning to the real economy and manufacturing industry in the overall direction of the national economy, vigorously developing the high-end manufacturing industry with single champion enterprises as the core is the only way for China to move towards high-end manufacturing. According to professional statistics from relevant departments, since 2016, a total of seven batches of over 1200 enterprises (products) have been selected as the national level single champion in the manufacturing industry

At present, under the premise of returning to the real economy and manufacturing industry in the overall direction of the national economy, vigorously developing the high-end manufacturing industry with single champion enterprises as the core is the only way for China to move towards high-end manufacturing. According to professional statistics from relevant departments, since 2016, a total of seven batches of over 1200 enterprises (products) have been selected as the national level single champion in the manufacturing industry.

It is reported that the national "Manufacturing Industry Single Champion" is a special action launched by the Ministry of Industry and Information Technology of China to promote the high-quality development of the manufacturing industry. It is the most resting enterprise and product in the segmented field of China's manufacturing industry, representing the direction of China's manufacturing industry towards the mid to high end.

According to Tianyancha data, based on the geographical distribution of the "manufacturing single champion", Shandong Province, Zhejiang Province, Jiangsu Province, Guangdong Province, and Beijing City rank among the top, with 212, 209, 185, 135, and 59 respectively. Among them, Shandong, Zhejiang, and Jiangsu, all major manufacturing provinces, are on par and competing to pursue each other.

Specifically, whether Shandong, Zhejiang, Jiangsu, or Guangdong provinces, they were originally strong economic provinces in China and also important industrial provinces. The single champion enterprises are centered around the manufacturing industry, and the listing of the four major provinces undoubtedly proves the complementary and mutually reinforcing relationship between economic development and manufacturing level.

Shandong Province: Overall Industrial Growth Stable and Positive

According to the National Economic and Social Development Statistics Bulletin of Shandong Province, in 2022, the province achieved a regional GDP of 8743.51 billion yuan, an increase of 3.9% compared to the previous year. The added value of the secondary industry reached 3501.42 billion yuan, an increase of 4.2%; The added value of the tertiary industry is 4612.23 billion yuan, an increase of 3.6%.

In terms of industrial development alone, the total industrial added value of Shandong Province is 287390 billion yuan, an increase of 4.4% compared to the previous year. The added value of industries above designated size increased by 5.1%. Among them, the added value of the manufacturing industry increased by 2.9%.

It is worth mentioning that Shandong Province has demonstrated a strong breakthrough in the conversion of old and new kinetic energy. The added value of high-tech manufacturing increased by 14.4% compared to the previous year, which is 9.3 percentage points higher than the growth rate of industrial added value above designated size. Among them, the added value of new energy and new materials related industries such as lithium-ion battery manufacturing, integrated circuit manufacturing, and electronic specialized material manufacturing increased by 86.9%, 38.6%, and 60.7%, respectively. The software business revenue was 1065.76 billion yuan, an increase of 19.2%.

It can be seen that as an important industrial base in the eastern coastal region of China, industrial operations continue to maintain a stable and positive trend. It presents significant characteristics such as good industrial growth rate, large scale, fast conversion of kinetic energy, deep integration of industrialization and industrialization, excellent industrial ecology, and strong private economy.

Zhejiang: The internal and external environment is improving, and Zhejiang enterprises are working hard

According to statistics from the Zhejiang Provincial Bureau of Statistics, the total GDP of Zhejiang Province in 2022 was 7771.5 billion yuan, an increase of 3.1% compared to the previous year. The added value of the second and third industries was 332.5 billion yuan and 4218.5 billion yuan, respectively, an increase of 3.4% and 2.8% compared to the previous year. The per capita regional gross domestic product was 118496 yuan, an increase of 2.2% compared to the previous year.

From the perspective of industrial development, in 2022, the added value of industries above designated size in Zhejiang Province reached 2190 billion yuan, an increase of 4.2% compared to the previous year. Among them, the added value of 17 traditional manufacturing industries increased by 2.4%. Among the 38 industrial industry categories, 19 industries saw a year-on-year increase in added value, while 8 industries showed double-digit growth.

Among them, the contribution rates of the added value of high-tech, strategic emerging, and equipment industries to the growth of industries above designated size are 44.9%, 73.1%, and 67.6%, respectively. The operating revenue of industrial enterprises above designated size reached 10795.6 billion yuan, breaking the 10 trillion yuan mark for the first time, an increase of 7.4%.

Overall, for Zhejiang, on the one hand, the contribution of emerging industries to improving industrial profits has further increased; On the other hand, traditional industries are also showing signs of improvement, with both new and old driving forces driving forward, boosting the sustained growth of profits for industrial enterprises above designated size in the province.

Jiangsu: Strong Enterprise and Strong Enterprise, Strong Manufacturing Province, Strong Innovation Support

According to the Statistical Bulletin on National Economic and Social Development of Jiangsu Province, the total regional GDP of Jiangsu Province in 2022 reached 12287.56 billion yuan, reaching a new level of 12 trillion yuan, an increase of 2.8% compared to the previous year. The added value of the secondary industry is 5588.87 billion yuan, an increase of 3.7%; The added value of the tertiary industry is 620.275 billion yuan, an increase of 1.9%. The per capita GDP of the province is 144390 yuan, an increase of 2.5% compared to the previous year.

From the perspective of industrial economic development, the added value of industries above designated size increased by 5.1% compared to the previous year. The advanced manufacturing industry has shown good growth momentum. In industries above designated size, the added value of high-tech and equipment manufacturing industries increased by 10.8% and 8.5% respectively compared to the previous year, contributing 48.6% and 85.2% to the growth of added value of above designated industries, accounting for 24.0% and 52.6% of above designated industries, an increase of 1.5 percentage points compared to the previous year.

Overall, "Made in Jiangsu" continues to show considerable "heat" in the global manufacturing landscape. The advanced manufacturing industry does not cluster and strengthen the chain, consolidating the foundation of the modern industrial system; At the same time, the advanced manufacturing industry continuously consolidates the industrial advantages of Jiangsu while accelerating transformation and upgrading, constantly grabbing positions and occupying positions on the new track of combining numerical and practical industries and future industries, focusing on building industrial peaks on the industrial plateau.

Guangdong: Strong Manufacturing Support Continues to Lead the Province

According to the statistical bulletin on the national economy and social development of Guangdong Province, in 2022, Guangdong Province achieved a regional GDP of 12911.858 billion yuan, an increase of 1.9% compared to the previous year. The added value of the secondary industry is 5284.351 billion yuan, an increase of 2.5%; The added value of the tertiary industry was 7093.471 billion yuan, an increase of 1.2%. The per capita regional gross domestic product is 101905 yuan (converted to 15151 US dollars at the annual average exchange rate), an increase of 1.7%.

From an industrial perspective alone, the total industrial added value for the year increased by 2.6% compared to the previous year. The added value of industries above designated size increased by 1.6%. The total profit of industries above designated size throughout the year was 946.095 billion yuan, a decrease of 14.0% compared to the previous year. Among them, the added value of high-tech manufacturing increased by 3.2% compared to the previous year, accounting for 29.9% of the added value of industries above designated size; The added value of advanced manufacturing increased by 2.5% compared to the previous year, accounting for 55.1% of the added value of industries above designated size.

Overall, the support behind Guangdong's advanced manufacturing industry is its significant manufacturing strength. Guangdong has always attracted a large amount of industrial capital and technical talents with its developed manufacturing chain, continuously improving product quality and market competitiveness. It is particularly worth mentioning that Guangdong's high-tech industry and innovation and entrepreneurship ecology have also provided a solid foundation for the growth of industrial enterprises' profits.

Beijing: Creating a "Little Giant" with the Advantage of "High Precision and Sharp" in the Field of Specialization, Precision, and Innovation

According to the 2022 National Economic and Social Development Statistical Bulletin of Beijing, the city achieved a regional GDP of 416109 billion yuan for the entire year, an increase of 0.7% compared to the previous year. The added value of the secondary industry was 660.51 billion yuan, a decrease of 11.4%; The added value of the tertiary industry was 3489.43 billion yuan, an increase of 3.4%. Calculated based on the permanent population, the per capita GDP of the city is 190000 yuan.

From an industrial perspective alone, Beijing achieved an industrial added value of 503.64 billion yuan in 2022, a decrease of 14.6% compared to the previous year at constant prices. Among them, the added value of industries above designated size decreased by 16.7%, and the production factor of COVID-19 vaccine increased by 2.5%; Industrial enterprises above designated size achieved a sales output value of 2236.63 billion yuan.

It can be seen that Beijing, with the power of a single city, is still achieving an orderly recovery of production in key industries, especially in the high-tech manufacturing industry, despite the impact of the epidemic. This is in contrast to Beijing's unparalleled human resources and venture capital in other regions of the country, which has created Beijing's advantages in the upstream industry, especially in the fields of research and development and design. The "high precision" industrial form has become Beijing's obvious advantage in the field.

Tianyancha Research Institute believes that due to its focus on certain segmented markets in the manufacturing industry, the economic and technological value of the "single champion of the manufacturing industry" is very high, and the strong economic provinces in China are vying to win this championship, which is a proof that China's manufacturing industry is continuously developing towards the highest level of development and the strongest market strength in the world, in a positive and healthy manner.

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