Good News | Hydfly Won Top 30 in the 2022 Specialized, Refined, and New Black Horse Comp

OnJanuar13~14, 2022, the 14th Entrepreneurs' Annual Conference, hosted by the Entrepreneurial Black Horse, was held online. At the meeting, the 2021 Specialized, Refined, and New Black Horse Competition came to a successful conclusion. Under the witness of the jury and outstanding athletes, the 2022 Specialized, Elite, and New Black Horse Competition was announced to be launched. This year's Specialized, Refined, and New Black Horse Competition aims to explore the future stars of specialized, refined, and new products scattered throughout China's industrial land. It focuses on specialized, refined, and new products, deeply cooperates with national media such as Xinhua Network, and approaches and serves specialized, refined, and new small and medium-sized enterprises with over 200 scientific research institutes, industry leaders, specialized, refined, and new investment institutions, and well-known securities firms, helping them grow.

Since the announcement of its launch, a total of more than 500 enterprises have registered for the 2022 Specialized, Refined, and New Black Horse Competition Spring Race. In the presence of over 40 judges, over 200 of them passed the preliminary screening by the jury and were qualified to participate in the industry preliminary competition. From March 22nd to 29th, six online qualifiers were held one after another, and through intense competition, 30 companies stood out from over 200 companies.

As a participating enterprise in the advanced manufacturing industry, Honghui Technology is unwavering in its deep cultivation in the hydraulic industry. Its electromechanical and hydraulic systems have mature application solutions in multiple industries and have been working hard on the path of specialization, precision, and innovation, ultimately becoming one of the top 30 in the country and sprinting towards the national finals at the end of the year.

As a pioneer in the application scenarios of electromechanical and hydraulic systems, Honghui Technology provides high-qualit electro~hydraulic control products for host equipment in industries such as engineering machinery, environmental sanitation equipment, petroleum machinery, marine equipment, port equipment, and military industry both domestically and internationally, improving the handling performance and reliability of host equipment.

立足专精特新，深耕产业不动摇

From the perspective of establishment years, only three listed companies have been established for less than 3 years, while other companies have been established for more than 3 years; According to data, small and medium-sized enterprises need to register and operate continuously for at least 3 years in order to apply for specialized, refined, and innovative "little giants".

立足产业链，革新产业的蓬勃力量

From the perspective of industry distribution, 43.33% of the listed companies come from the digital economy, 30% from advanced manufacturing, and 20% from healthcare. They are based on local industries, have industrial roots, and have a deep foundation in segmented industries, so they are particularly easy to become "invisible champions", "little giants" or industry leaders in segmented industries.

More than half of the enterprises are above the designated size, and more than a quarter of the enterprises have revenue exceeding 100 million yuan

From the perspective of revenue scale, 53.33% of the listed companies achieved revenue of 20 million yuan or more. Among them, 26.66% of the listed companies had a revenue of over 100 million yuan in 2021. They have revenue and profits, and are self-developed technology enterprises. It is worth mentioning that in terms of economic benefits, the special requirements for the recognition of the "Little Giant" of specialized, refined, and new enterprises require that the operating revenue of the previous year should be above 100 million yuan, the average growth rate of main business revenue or net profit in the past two years should reach 10% or more, and the enterprise's asset liability ratio should not exceed 70%.

Da Cheng Zang Da Enterprise, Leading the Yangtze River Delta

From a geographical distribution perspective, 90% of the listed companies come from industrial cities with a trillion GDP. Among them, 36.67% of the listed enterprises are concentrated in the Yangtze River Delta urban agglomeration. 30% of enterprises are concentrated in Beijing. This year, the Black Horse Competition will bring digital, capitalization, and intellectual property tools, along with member institutions of the Competition Ecological Alliance, to enter the industrial city with a GDP of 500 billion yuan, approach specialized, refined, and new small and medium-sized enterprises, and help them grow!