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Ningxiang has 35 new ‘little giant’ firms

By | nxiang.net| Updated:  May 18,2022 L M S
 Recently, 731 enterprises in Hunan province were recognized as provincial-level “little giant” firms that take a specialized, refined, characteristic and innovative development path, including 35 enterprises in Ningxiang City, ranking in the forefront of the province.

The 35 enterprises, represented by Runtian Machinery Manufacturing, Huaxing New Energy, Carbon Valley New Materials and Honeytom Cable, have sparkled in various subdivisions.


Hunan Runtian Machinery Manufacturing Co., LTD is one of them. The mixing machinery of the company has been updated to the fifth generation product, which is easy to assemble and disassemble, and the operating area has been reduced by 40%. New orders have kept pouring in since its launch.

From April to May, the output value doubled compared with the first quarter.


“We plan to relocate the R&D center originally established in Shenzhen to Ningxiang to enhance the core competitiveness of the company’s products.” Xiao Hao, deputy director of the president’s office of Hunan Huaxing New Energy Technology Co., Ltd. said that they were impressed by Ningxiang’s preferential policies.

At the end of 2021, Huaxing New Energy was short of funds, with the help of the enterprise liaison, the company completed the bank credit with a total amount of more than 10 million yuan in less than 30 days, which helped them solve the urgent demand.

Liu Jinsheng, deputy general manager of Honeytom Cable, said that in July 2021, with the help of the local industry and information technology department, the company launched the intelligent transformation project of the production workshop to create an “intelligent transparent workshop”. The production efficiency and capacity of the production equipment have been greatly improved. And the annual output value is expected to exceed 1.5 billion yuan.


Now, driven by intelligent manufacturing, the company sees booming production and sales, and its products have been sold around the country.  

“By the end of the 14th Five-year Plan, Ningxiang will have 25 national and 200 provincial- and municipal-level ‘little giant’ firms, create a strong and distinctive ‘little giant’ enterprise team, so as to promote the high-quality development of small and medium-sized enterprises.” Zhang Yi, director of the Ningxiang Municipal Bureau of Industry and Information Technology, said that special measures were taken to promote the development of these enterprises.

Up to now, the city has 8 national and 74 municipal-level “little giant” enterprises.

In 2021, the output value of the “little giant” firms above the provincial level was 28.54 billion yuan and the tax contribution was 750 million yuan.

In the first four months this year, the output value was 9.987 billion yuan, an increase of 18.81%. The tax contribution reached 230 million yuan, and the number of patents granted reached 569.

These “little giant” firms have become the backbone of scientific and technological innovation in Ningxiang.