14 Taizhou companies make Zhejiang top 100 lists

chinadaily.com.cn | Updated: 2022-09-21

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Fangyuan Group Co Ltd from Taizhou has made the 2022 list of the top 100 Zhejiang enterprises, according to local media reports.

This is the 20th time the list has been released by the Zhejiang Enterprises Federation, the Zhejiang Entrepreneurs Association, and the Zhejiang Industrial Economy Federation.

The entry threshold for the ranking rose from 9.28 billion yuan ($1.43 billion) in 2012 to 25.66 billion yuan in 2022.

The combined revenue of the top 100 enterprises surged from 2.73 trillion yuan to 8.9 trillion yuan during this period.

In addition, four companies from Taizhou – Leo Group Co Ltd, Wepon Pharmaceutical Group Co Ltd, Zhejiang Hisun Pharmaceutical Co Ltd and Xingxing Group Co Ltd - made the list of the top 100 Zhejiang manufacturing enterprises.

Companies needed to have at least 11.88 billion yuan in revenue in 2021 to make the list. The entry threshold was 48.9 percent higher than the previous year.

Four companies from the city were also listed among the top 100 Zhejiang service companies and five made the list of the top 100 fastest growing companies in Zhejiang.

The entry threshold for the service company list was 2.61 billion yuan, an increase of 53.25 percent year-on-year.