On 5th December, Hubei Federation of Industry and Commerce recently officially released the province’s 2023 Top 100 Private Enterprises, Top 100 Manufacturers, and Top 20 of the Service Industry, and Ezhou enterprises have made their presence in all the three lists. Hubei Ronbay Lithium Materials Co., Ltd. secured a notable position on the Top 100 Private Enterprises, ranking the 24th, a remarkable ascent of 38 places from the previous year. Additionally, it claimed the 11th on the Top 100 Manufacturers. Vipshop (Hubei) E-commerce Co., Ltd. made its mark on the Top 100 Private Enterprises, ranking the 58th. Furthermore, it earned the 17th place on the Top 20 of the Service Industry. Ezhou Hongtai Steel Co.,Ltd. ranked the 64th on the Top 100 Manufacturers.
The rankings are determined based on the total business revenue in 2022, with a threshold set at RMB 4.55 billion for the 2023 Hubei Top 100 Private Enterprises, a RMB 640 million increase from the previous year.
In recent years, Ezhou has pursued a strategy of steady progress and new development. On the one hand, efforts have been concentrated on industrial transformation and upgrading, fostering emerging industry clusters. By strengthening market players within the “157” industrial clusters, the city aims to construct an industrial system led by strategic emerging industries, advanced manufacturing, and the modern service industry. On the other hand, it focuses on optimizing the business environment, emphasizing on “efficient administration”, “speeding up” government service, “improving the quality” market environment, and “optimizing the efficiency" of material provisions. These will all contribute to the reforms in key areas, key links and prominent problems, and greatly support the thriving development of private economy.