On October 29th, the Guangdong Federation of Industry and Commerce released three rankings: "Top 100 Private Enterprises in Guangdong Province in 2024", "Top 100 Private Enterprises in Manufacturing Industry in Guangdong Province in 2024", and "Top 50 Private Enterprises in Service Industry in Guangdong Province in 2024". Private economy is a new force to promote Chinese path to modernization and an important foundation for high-quality development. In Guangdong, the private economy accounts for only about 50% of the province's gross domestic product and contributes over 70% of technological innovation achievements. What information do these three rankings reveal as a barometer of Guangdong's private economy? Four leading enterprises have made steady progress, with revenues exceeding 400 billion yuan. The "Top 100 Private Enterprises in Guangdong Province in 2024" will be voluntarily declared by the enterprises, based on their 2023 operating income as the basic standard, and will be ranked according to the enterprise's accounting year table after review by relevant departments. Although some leading enterprises did not participate in the application, the entry threshold for the "Top 100 Private Enterprises in Guangdong Province in 2024" still reached 13.308 billion yuan, an increase of 8.1% from the entry threshold of 12.313 billion yuan in 2023. Among the top 100 companies, there are four with operating revenues exceeding 400 billion yuan, namely Huawei Investment Holdings Co., Ltd. with 704.174 billion yuan, Tencent Holdings Co., Ltd. with 609.015 billion yuan, BYD Co., Ltd. with 602.315 billion yuan, and Vanke Enterprise Co., Ltd. with 465.739 billion yuan. Among them, compared with the operating revenue in 2022, Huawei Investment Holdings Limited increased by 61.836 billion yuan, a year-on-year increase of 9.6%; Tencent Holdings Limited increased by 54.463 billion yuan, a year-on-year growth of 9.8%; BYD Co., Ltd. increased by 178.255 billion yuan, a year-on-year increase of 42%. It can be seen that the revenue scale of leading private enterprises in Guangdong will steadily increase in 2023. Huawei Investment Holdings Limited, the top ranked company on the list, has performed outstandingly. As of the end of 2023, Huawei holds over 140000 valid authorized patents worldwide, accumulating a large number of innovative achievements. Its release of the native HarmonyOS operating system has also achieved breakthroughs in core technologies. Not long ago, Huawei also released the world's first three fold mobile phone among mainstream products, which attracted widespread attention. BYD Co., Ltd.'s revenue in 2023 increased by 42% year-on-year, achieving a significant increase in growth rate. Guangdong is the largest province in China in terms of automobile production and consumption. In recent years, the export trade of new energy vehicles has shown a high-speed growth trend, playing a pivotal role in production, consumption, and export, providing a fertile ground for the development of the new energy vehicle industry. One out of every four new energy vehicles in the country is' made in Guangdong '. In the future, this proportion will continue to increase At the 2024 Guangdong Province High Quality Development Conference held in February this year, Wang Chuanfu, Chairman and President of BYD Co., Ltd., stated in his speech that BYD's sales of new energy vehicles will exceed 3 million units in 2023, a year-on-year increase of over 60%, and it will continue to rank first in global new energy vehicle sales, creating a miracle in the development of the world's automotive industry. In 2023, BYD also established a global research and development center in Shenzhen, and landed two super factories and advanced production lines in the Shenzhen Shantou Special Cooperation Zone. In Wang Chuanfu's view, BYD Co., Ltd.'s achievements are a microcosm of Guangdong's commitment to leading the manufacturing industry, accelerating the development of new quality productivity, and achieving high-quality development, with a threshold of 5.535 billion yuan for the "Top 100 Manufacturing Enterprises". The reasons for making such a judgment can be seen from the two lists of "2024 Top 100 Private Enterprises in Guangdong Province" and "2024 Top 100 Private Enterprises in Manufacturing Industry in Guangdong Province". In the "Top 100 Private Enterprises in Guangdong Province in 2024", the manufacturing industry accounts for more than half, an increase of 3 compared to last year, bringing the total number to 55, accounting for 55%. The entry threshold for the "Top 100 Private Manufacturing Enterprises in Guangdong Province in 2024" has reached 5.535 billion yuan, an increase of 2.575 billion yuan or 87% from last year's 2.96 billion yuan. Huawei Investment Holding Co., Ltd., BYD Co., Ltd., Midea Group Co., Ltd., Zhuhai Gree Electric Co., Ltd. and other enterprises have all exceeded 200 billion yuan in operating revenue, ranking not only in the top 4 of the "2024 Guangdong Province Top 100 Private Manufacturing Enterprises", but also in the top 7 of the "2024 Guangdong Province Top 100 Private Enterprises". This also reflects that Guangdong has established itself as a manufacturing province and further consolidated its solid economic foundation supported by the manufacturing industry. From the beginning of the reform and opening up, Guangdong has adhered to the principle of "manufacturing leading the way", vigorously developed new quality productive forces, handled the relationship between "establishment" and "destruction", and insisted on the principle of "establishment first and then destruction". With the overall improvement of enterprise production technology, it has driven industrial transformation and upgrading, achieved the development of traditional industries and new flowers, and the development of emerging industries. In the future, industries will be nurtured and incubated. The traditional industries represented by "the Pearl River water, Guangdong grain, Lingnan clothing, and Guangdong household appliances" are also continuing to refresh and promote quality. Among the "Top 100 Private Enterprises in Guangdong Province in 2024", Zhuhai Gree Electric Appliance Co., Ltd. ranked 7th with a revenue of 205.018 billion yuan. In June 2023, Gree High end Intelligent Appliance (Gaolan) Industrial Park was officially put into operation, achieving comprehensive automation, comprehensive connectivity, comprehensive digitization, and comprehensive intelligence. It pioneered more than 30 technologies such as automatic assembly and automatic welding in the industry, achieving an 80% increase in production efficiency. China's manufacturing industry aims to go global by pursuing innovation and mastering key core technologies Dong Mingzhu, Chairman and President of Zhuhai Gree Electric Co., Ltd., has publicly stated that being the leader of the manufacturing industry means adhering to innovation and taking responsibility, which is the true "family". Which cities are included in the list of the top 100 private enterprises in Guangdong Province in 2024, adhering to regional coordinated development? In terms of regional distribution, there are 40 in Shenzhen, 22 in Guangzhou, 17 in Foshan, 5 in Dongguan, 3 each in Huizhou, Maoming, and Zhuhai, 2 in Zhongshan, and 1 each in Jiangmen, Shantou, Yunfu, Zhanjiang, and Zhaoqing. A total of 94 private enterprises in the Guangdong Hong Kong Macao Greater Bay Area have entered the "2024 Guangdong Province Top 100 Private Enterprises". On June 20, 2023, the Third Plenary Session of the 13th Guangdong Provincial Committee of the Communist Party of China was held, proposing the "1310" specific deployment of "anchoring one goal, activating three major driving forces, and striving to achieve ten new breakthroughs". Among them, placing "deepening the construction of the Guangdong Hong Kong Macao Greater Bay Area in the new stage and achieving new breakthroughs in driving comprehensive deepening of reform and opening up" at the top of the "Ten Major New Breakthroughs" and seizing the "bull's nose" of development. Seizing the significant opportunity of the construction of the Guangdong Hong Kong Macao Greater Bay Area, Guangdong's private enterprises are accelerating their development, promoting the growth, optimization, and strengthening of the private economy. TCL Technology Group Co., Ltd. achieved a revenue of 174.367 billion yuan in 2023, ranking 8th on the list of the top 100 residential and commercial enterprises; TCL Industrial Holdings Co., Ltd. achieved a revenue of 120.322 billion yuan in 2023, ranking 9th on the list of the top 100 residential enterprises. Starting from Huizhou and expanding to Shenzhen and Guangzhou, TCL has rooted itself in the Guangdong Hong Kong Macao Greater Bay Area, adhering to innovation driven development. On April 6th last year, TCL Huaxing invested 35 billion yuan to build the 8.6th generation oxide semiconductor new display device production line project (also known as the "TCL Huaxing Guangzhou T9 Project"), which officially went into mass production and was launched. TCL further optimized its layout in the Guangdong Hong Kong Macao Greater Bay Area. The cities in the eastern, western, and northern regions of Guangdong are also listed in the 2024 Top 100 Private Enterprises in Guangdong Province. In the eastern Guangdong region, Guangdong Liantai Group Co., Ltd. located in Shantou ranks 83rd with a revenue of 15.595 billion yuan. In western Guangdong, Guangdong Hengxing Group Co., Ltd. located in Zhanjiang ranks 67th with a revenue of 18.893 billion yuan. Guangdong Dianbai Construction Group Co., Ltd. located in Maoming ranks 84th with a revenue of 15.502 billion yuan, Guangdong Dianbai Second Construction Group Co., Ltd. ranks 88th with a revenue of 14.783 billion yuan, and Guangdong Yonghe Construction Group Co., Ltd. ranks 94th with a revenue of 13.811 billion yuan. In the northern Guangdong region, Wen's Food Group Co., Ltd. located in Yunfu ranks 15th with a revenue of 89.921 billion yuan, and is also the only primary industry enterprise on the list of the top 100 private enterprises in Guangdong Province in 2024. In recent years, Wenshi Food Group Co., Ltd. has driven the development of enterprises with technology and promoted the modernization of agriculture and animal husbandry. The "Genome Breeding Technology and Application of Lean Type Pig" jointly completed by Wen, South China Agricultural University, SMIC Seed Industry and other units won the first prize of Guangdong Provincial Science and Technology Progress Award in 2023. Hundreds of boats compete with thousands of sails. The relevant person in charge of the Guangdong Provincial Federation of Industry and Commerce stated that they hope the private enterprises that have been shortlisted for the three lists will continue to leverage their advantages and achieve better results. At the same time, we hope that all private enterprises in the province will vigorously promote the entrepreneurial spirit and Guangdong business spirit, take the lead in high-quality development and practice social responsibility, and set an example. (New Society)