Another Ningbo company completes successful listing
4 years ago

Another Ningbo company completes successful listing

China Daily  

Sijin Intelligent Forming Machinery Co Ltd debuts at Shenzhen Stock Exchange on Dec 11. The number of listed companies in Ningbo, East China's Zhejiang province has climbed to 112 with the new addition of Sijin Intelligent Forming Machinery Co Ltd, which debuted at the Shenzhen Stock Exchange's SME Board on Dec 11. From 2017 to 2019, the company's revenue rose from 297.29 million yuan to 326.33 million yuan, while its net profits expanded from 51.34 million yuan to 80.63 million yuan. Through the initial public offering, the company raised a total of 379 million yuan, which would be used to expand its production capacity and market share.

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History of this topic

7 Ningbo automotive supply chain companies make nation's top 100 list
4 months ago

7 Ningbo automotive supply chain companies make nation's top 100 list

China Daily  

Seven enterprises from Ningbo have been listed among the top 100 automotive supply chain companies in China, according to a white paper released on Aug 22. Data revealed that in 2023, Joyson achieved a supply chain revenue of 55.32 billion yuan, marking a year-on-year uptick of 11.76 percent and surpassing 50 billion yuan for the first time, a feat unmatched …

7 Ningbo automotive supply chain companies make nation's top 100 list
4 months ago

7 Ningbo automotive supply chain companies make nation's top 100 list

China Daily  

Seven enterprises from Ningbo have been listed among the top 100 automotive supply chain companies in China, according to a white paper released on Aug 22. Data revealed that in 2023, Joyson achieved a supply chain revenue of 55.32 billion yuan, marking a year-on-year uptick of 11.76 percent and surpassing 50 billion yuan for the first time, a feat unmatched …

7 Ningbo automotive supply chain companies make nation's top 100 list
4 months ago

7 Ningbo automotive supply chain companies make nation's top 100 list

China Daily  

Seven enterprises from Ningbo have been listed among the top 100 automotive supply chain companies in China, according to a white paper released on Aug 22. Data revealed that in 2023, Joyson achieved a supply chain revenue of 55.32 billion yuan, marking a year-on-year uptick of 11.76 percent and surpassing 50 billion yuan for the first time, a feat unmatched …

4 electronics companies rank among nation's top 100 list
4 months, 2 weeks ago

4 electronics companies rank among nation's top 100 list

China Daily  

Four companies from Ningbo, Zhejiang province, have secured positions on the 2024 list of the top 100 enterprises in China in terms of electronic information competitiveness, as recently revealed by the China Information Technology Industry Federation. According to the Ministry of Industry and Information Technology, the electronic information industry comprises the electronic information manufacturing and software and information technology services …

5 Ningbo companies among 2024 Fortune China 500 list
4 months, 3 weeks ago

5 Ningbo companies among 2024 Fortune China 500 list

China Daily  

Fortune magazine released its 2024 Fortune China 500 list on July 25, which included five companies from Ningbo, Zhejiang province. The honored quintet consists of the Bank of Ningbo, Ningbo Jintian Copper Co Ltd, Ningbo Joyson Electronics Co Ltd, Risen Energy Co Ltd, and Sunny Optical Technology Co Ltd, securing the 194th, 199th, 311st, 406th, and 441st positions, respectively. Risen …

21 Ningbo companies listed as national manufacturing champions
9 months, 2 weeks ago

21 Ningbo companies listed as national manufacturing champions

China Daily  

Twenty-one companies based in Ningbo, Zhejiang province were recently listed among the eighth batch of national manufacturing champions, a designation reserved for entities holding the largest market share within their respective industries across the country. The development is poised to elevate Ningbo's total count of such manufacturing champions to 104, making it the first city in the nation to exceed …

Ningbo achieves positive economic growth Jan-Nov
1 year ago

Ningbo achieves positive economic growth Jan-Nov

China Daily  

Ningbo in East China's Zhejiang province has reported positive economic growth from January to November, according to the latest data released by local statistics authorities. During this 11-month period, the added value of above-designated-size industrial companies in Ningbo grew by 6.4 percent year-on-year, reaching 482.38 billion yuan. Additionally, the container throughput at the port amounted to 32.8 million TEUs, including …

16 Ningbo companies make top 100 Zhejiang enterprise list
1 year, 1 month ago

16 Ningbo companies make top 100 Zhejiang enterprise list

China Daily  

Sixteen companies from Ningbo have secured spots on the 2023 list of the top 100 Zhejiang private enterprises, two less than the previous year. Fashion brand Youngor achieved the highest ranking among Ningbo companies, coming in at number eight. It was closely followed by Ningbo Jintian Copper Co Ltd at 11th place, China-Base Ningbo Group Co Ltd at 14th place, …

Ningbo entrepreneur attends Sino-German business roundtable
1 year, 6 months ago

Ningbo entrepreneur attends Sino-German business roundtable

China Daily  

A view of Preh GmbH, a subsidiary of Joyson Electronics, which is based in Bavaria, Germany. A delegation of 15 Chinese entrepreneurs, including Wang Jianfeng, chairman of Joyson Group, a leading auto component maker based in Ningbo, attended the Sino-German entrepreneur roundtable held on June 20. Joyson Group has long been known for its association with leading German automobile companies, …

Ningbo listed among top 10 'Chinese Cities of Opportunities'
2 years, 3 months ago

Ningbo listed among top 10 'Chinese Cities of Opportunities'

China Daily  

Ningbo in East China's Zhejiang province was ranked eighth on the 2022 list of "Chinese Cities of Opportunities", according to a report recently released by the China Development Research Foundation and consultancy PwC China. The report evaluated 47 major cities across the nation based on 10 factors, including economic strength, technology and innovation, city resilience, transportation and urban planning, sustainable …

Ningbo sees GDP rise 2.9% in H1
2 years, 4 months ago

Ningbo sees GDP rise 2.9% in H1

China Daily  

A view of Ningbo, East China's Zhejiang province. Ningbo in East China's Zhejiang province saw its gross domestic product grow 2.9 percent year-on-year in the first half of 2022 to hit 726.03 billion yuan, according to local statistics authorities. The added value of the city's primary, secondary, and tertiary industries reached 15.66 billion yuan, 354.43 billion yuan, and 355.94 billion …

Ningbo's high-tech sectors experience robust growth in Q1
2 years, 8 months ago

Ningbo's high-tech sectors experience robust growth in Q1

China Daily  

A staff performs research in a lab in Ningbo, East China's Zhejiang province. The added value of high-tech industries in Ningbo, East China's Zhejiang province amounted to 77.09 billion yuan in the first quarter of this year, the highest among all cities in province, according to data from the Ningbo Municipal Bureau of Science and Technology. Over this period, investments …

Ningbo's industrial output tops 2t yuan in 2021
2 years, 11 months ago

Ningbo's industrial output tops 2t yuan in 2021

China Daily  

A researcher works in a lab in Ningbo, East China's Zhejiang province. The industrial output value of enterprises above designated size in Ningbo amounted to 2.21 trillion yuan, up 21.8 percent year-on-year, official data showed. The city's industrial added value hit 486.5 billion yuan over the past year, rising by 11.9 percent year-on-year. Fourteen companies in the city made initial …

90% of A-share listed companies in Ningbo achieve profitability in Jan-Sept
3 years, 1 month ago

90% of A-share listed companies in Ningbo achieve profitability in Jan-Sept

China Daily  

All 102 A-share listed companies from Ningbo, East China's Zhejiang province recently released their financial reports for the first three quarters of this year. Over the nine-month period, nearly 90 percent of these companies achieved revenue growth, more than 90 percent achieved profitability and over 60 percent reported a year-on-year increase in net profits. The aggregated revenue of Ningbo's 102 …

9 Ningbo companies make top 500 Chinese enterprise list
3 years, 2 months ago

9 Ningbo companies make top 500 Chinese enterprise list

China Daily  

Nine companies from Ningbo, East China's Zhejiang province made the 2021 list of top 500 Chinese enterprises, which was jointly released by the China Enterprise Confederation and the China Enterprise Directors Association. The top 500 companies' aggregate operating revenue amounted to 89.83 trillion yuan in 2020, up 4.43 percent compared to that in the previous year. Fashion brand Youngor ranked …

9 Ningbo companies make top 500 Chinese enterprise list
3 years, 2 months ago

9 Ningbo companies make top 500 Chinese enterprise list

China Daily  

Nine companies from Ningbo, East China's Zhejiang province made the 2021 list of top 500 Chinese enterprises, which was jointly released by the China Enterprise Confederation and the China Enterprise Directors Association. The top 500 companies' aggregate operating revenue amounted to 89.83 trillion yuan in 2020, up 4.43 percent compared to that in the previous year. Fashion brand Youngor ranked …

7 Ningbo new energy enterprises make world's top 500 list
3 years, 3 months ago

7 Ningbo new energy enterprises make world's top 500 list

China Daily  

Seven companies from Ningbo, East China's Zhejiang province recently made the 2021 list of the World's Top 500 New Energy Companies released by China Energy News and the China Institute of Energy Economics. In 2020, the aggregate revenue of the top 500 new energy companies reached 4.41 trillion yuan, an increase of 184.5 billion yuan over the previous year, with …

Over 90% A-share listed companies see revenue growth in H1
3 years, 3 months ago

Over 90% A-share listed companies see revenue growth in H1

China Daily  

All of the 101 A-share listed companies from Ningbo, East China's Zhejiang province have recently released their financial reports for the first half of this year. Over the six-month period, more than 90 percent of these companies saw revenue growth, while about 80 percent reported a year-on-year increase in net profit attributable to equity holders of the parent company. The …

Ningbo sees fast growth in high-tech enterprises
3 years, 3 months ago

Ningbo sees fast growth in high-tech enterprises

China Daily  

A total of 1,667 enterprises from Ningbo, East China's Zhejiang province were designated as high-tech companies in 2020, accounting for 53.7 percent of the city's total, official data shows. Although the total number of high-tech enterprises in Ningbo is still much smaller than first-tier cities like Beijing, Shenzhen, Shanghai and Guangzhou, the growth momentum in this aspect has been notable. …

Ningbo aims high in biopharmaceutical industry
3 years, 3 months ago

Ningbo aims high in biopharmaceutical industry

China Daily  

R&D personnel at a biopharmaceutical company in Ningbo, East China's Zhejiang province. According to the plan, the city aims to increase the scale of its core biopharmaceutical sector to 100 billion yuan by the end of 2023. Official data showed that the total output value of biopharmaceutical enterprises above designated size in Ningbo reached 20.61 billion yuan, a year-on-year increase …

Ningbo's use of foreign capital totals $2.56b Jan-July
3 years, 4 months ago

Ningbo's use of foreign capital totals $2.56b Jan-July

China Daily  

The actual utilization of foreign investment in Ningbo, East China's Zhejiang province hit $2.56 billion from January to July, more than that of all of last year, official data showed. The figure represented a year-on-year increase of 54 percent, 16.8 and 23.1 percent higher than the provincial average and the national average respectively over the seven-month period, the Ningbo Municipal …

Ningbo's use of foreign capital totals $2.56b Jan-July
3 years, 4 months ago

Ningbo's use of foreign capital totals $2.56b Jan-July

China Daily  

The actual utilization of foreign investment in Ningbo, East China's Zhejiang province hit $2.56 billion from January to July, more than that of all of last year, official data showed. The figure represented a year-on-year increase of 54 percent, 16.8 and 23.1 percent higher than the provincial average and the national average respectively over the seven-month period, the Ningbo Municipal …

Ningbo ranks 12th nationwide in economic output in H1
3 years, 4 months ago

Ningbo ranks 12th nationwide in economic output in H1

China Daily  

Ningbo's gross domestic product stood at 664.06 billion yuan in the first half of this year, a year-on-year uptick of 13.1 percent, according to preliminary statistics recently released by the Ningbo Bureau of Statistics. The industrial output value of enterprises above designated size in Ningbo amounted to 1.04 trillion yuan from January to June, up 29.6 percent year-on-year. From January …

Ningbo's A-share listed enterprises to exceed 100
3 years, 6 months ago

Ningbo's A-share listed enterprises to exceed 100

China Daily  

Ningbo Fangzheng Tool Co Ltd made an initial public offering on Shezhen Stock Exchange on June 2, becoming the 99th company from Ningbo, East China's Zhejiang province, to be listed on A-share markets. One of these three companies - Ningbo Shimao Energy Co Ltd, Ningbo Daye Garden Industry Co Ltd and Ningbo Color Masterbatch Co Ltd – is likely to …

Ningbo ramps up support for emerging industries
3 years, 10 months ago

Ningbo ramps up support for emerging industries

China Daily  

Ningbo, East China's Zhejiang province, recently rolled out a guideline to bolster the development of emerging industries and strategic emerging industries in key fields. Companies that excel in industrial chain extension or the improvement of their products' added value will be entitled to a government subsidy of up to 2 million yuan. The company should also meet the requirements such …

Ningbo's GDP exceeds 1.24 trillion yuan in 2020
3 years, 10 months ago

Ningbo's GDP exceeds 1.24 trillion yuan in 2020

China Daily  

Ningbo's gross domestic product totaled 1.24087 trillion yuan in 2020. Ningbo's gross domestic product totaled 1.24087 trillion yuan in 2020, a yearly uptick of 3.3 percent, according to preliminary statistics released by the Ningbo Bureau of Statistics on Jan 26. The added value of the city's primary, secondary, and tertiary industries reached 33.84 billion yuan, 569.39 billion yuan, and 637.64 …

Ningbo ramps up incentives to bolster service sector growth
3 years, 11 months ago

Ningbo ramps up incentives to bolster service sector growth

China Daily  

Ningbo in East China's Zhejiang province will dish out more incentives to bolster the growth of the service sector, according to a guideline recently unveiled by the local government. Micro, small and medium-sized enterprises in other segments including catering, wholesale and retail, tourism, education and real estate rental and property services will be provided financial support to implement new business …

Listed Ningbo companies post net profit growth in H1
4 years, 3 months ago

Listed Ningbo companies post net profit growth in H1

China Daily  

The turnover of 88 listed companies based in Ningbo, East China's Zhejiang province stood at 209.9 billion yuan in the first half of this year, edging down 0.5 percent from the same period last year. From January to June, the net profits of the Ningbo companies totaled 23.6 billion yuan, representing a yearly uptick of 11 percent, official data show. …

Ningbo reports positive growth in industrial output
4 years, 4 months ago

Ningbo reports positive growth in industrial output

China Daily  

The industrial added value of enterprises above the designated size in Ningbo edged up 0.1 percent year-on-year to 214.26 billion yuan from January to July, official data show. The core industry of digital economy saw an uptick of 21.62 billion yuan in added value, representing a year-on-year growth of 4.5 percent. In the first seven months, the city's industrial investment …

Automobile industry posts positive growth for three months in a row
4 years, 4 months ago

Automobile industry posts positive growth for three months in a row

China Daily  

The total output value of the automobile manufacturing industry in Ningbo reaches 111.81 billion yuan in the first half of this year. The total output value of the automobile manufacturing industry in Ningbo reached 111.81 billion yuan in the first half of this year, official data show. The sector's total output posted positive growth in the April-June quarter after bouncing …

Business environment
4 years, 5 months ago

Business environment

China Daily  

Located in the southern wing of the Yangtze River Delta region and southeastern part of East China's Zhejiang Province, Ningbo has experienced sustainable and rapid economic development since China launched the reform and opening-up in 1979. In 2016, Ningbo recorded a GDP of 854.11 billion yuan, a growth rate of 7.6 percent. As an industrial hub and a manufacturing powerhouse, …

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