Jiangsu will not be the last province in my country whose economic aggregate exceeds that of South Korea, followed by Zhejiang, Henan, Sichuan, Hubei and other provinces.
We all know that my country’s Guangdong Province has surpassed South Korea’s economic aggregate, but in 2021 my country’s Jiangsu Province’s economic aggregate will also surpass South Korea’s. According to the average exchange rate of RMB to USD 6.4515 in 2021, it will be USD 1.804 trillion, which is similar to South Korea and can be said to narrowly beat South Korea.
This is, of course, the first time in the history of Jiangsu Province that the total economic output has surpassed that of South Korea.
Jiangsu will not be the last province in my country whose economic aggregate exceeds that of South Korea, followed by Zhejiang, Henan, Sichuan, Hubei and other provinces.
Today, we briefly talk about the manufacturing industry in Jiangsu Province. Of course, we mainly focus on local manufacturing.
In our impression, Jiangsu Province does not seem to have any well-known local manufacturing enterprises. Speaking of Guangdong, you can know BYD, Huawei, ZTE, Mindray, DJI, OPPO, VIVO and other enterprises. Speaking of Shanghai, we know that there are Baosteel ( Baowu Group), Jiangnan Shipyard, SAIC, SMIC, when it comes to Beijing, we know Xiaomi, BOE, BAIC, Lenovo, and of course a lot of manufacturing central enterprises, such as various aerospace institutes, Zhejiang, we also know that there are sea Kang, Dahua, Geely Automobile, and Zhejiang Naais that appear in TV commercials from time to time, as well as a lot of Zhejiang private small and medium-sized manufacturing enterprises that we do not know the names of, but know of strong exporters, such as Yiwu’s small commodity exports It is said that by looking at the production volume of campaign supplies in Yiwu, you can judge who can be elected as the President of the United States.
However, it seems difficult for us to remember the name of the local manufacturing industry in Jiangsu Province. Jiangsu Shagang is one of the largest private steel enterprises in the country, but what about the others?
If we look at the local large-scale manufacturing enterprises in Jiangsu Province, it seems that they are more supported by the heavy chemical industry .
Among the top 100 manufacturing companies in Jiangsu Province in 2021 (ranked by the Jiangsu Provincial Enterprise Confederation according to the 2020 revenue data), there are 11 local manufacturing companies in Jiangsu with a revenue of more than 100 billion yuan, 4 of which are steel companies, respectively. It is Jiangsu Shagang (ranked second in the manufacturing industry in Jiangsu Province), Nanjing Iron and Steel (fourth), Zhongtian Iron and Steel (fifth), Jiangsu Yonggang (ninth), and there are 2 petrochemical companies, namely Jiangsu Heng Power (the first in the manufacturing industry in Jiangsu Province) and Shenghong Group (the third in Jiangsu).
It is worth mentioning here that the revenue of Jiangsu Hengli Group is far ahead in Jiangsu Province, with a revenue of 695.336 billion yuan in 2020, and the second place Jiangsu Shagang is only 266.786 billion yuan, that is, the first place is 7,000 The level of 100 million, while the second place is only more than 200 billion.
Hengli is a whole industry chain company from crude oil to textile. , film-textile” complete industrial chain.
In the oil refining sector, Hengli’s 20 million tons/year refining and chemical integration project is a world-class factory located in Changxing Island, Dalian. Meanwhile, in the petrochemical sector, the PTA project of Hengli (Dalian Changxing Island) Industrial Park has an annual production capacity of 12 million Ton.
In the polyester new material sector, Hengli Group has the world’s leading technical equipment, with an annual polymerization capacity of 6 million tons. In the textile sector, Hengli Textile has more than 40,000 sets of production equipment, with a production capacity of over 4 billion meters per year. The production bases are located in Suzhou, Suqian, Jiangsu, Luzhou, Sichuan, and Guiyang, Guizhou.
If you look at the top five local manufacturing companies in Jiangsu, the rankings are Hengli Group, Jiangsu Shagang, Shenghong Holdings, Nanjing Iron and Steel, and Zhongtian Iron and Steel. The five largest manufacturing enterprises are petrochemical and steel-related heavy chemical industries.
The advantages of Jiangsu Province’s heavy chemical industry are also very prominent in the country, which can also be seen from the inter-provincial coal transfer and transportation across the country. It used to be my country’s largest coal importing province for a long time, but starting from the 9th Five-Year Plan (1996-2000), Jiangsu Province became the country’s largest coal importing province for the first time, accounting for 8% of the country’s inter-provincial coal importing. During the 10th Five-Year Plan period from 2001 to 2005, it maintained the status of the largest coal-transferring province in the country, and the national proportion further increased to one-seventh. The heavy chemical industry needs to consume a large amount of coal, from which we can see the advantages of the heavy chemical industry in Jiangsu Province in the country.
Of course, Jiangsu’s textile industry is also very strong. Hengli Group and Shenghong Group both have textile sectors, and Heilan Group, which is also in the top 10 manufacturing industries in Jiangsu Province (ranked eighth, owns Heilan Home), also In addition to the top ten companies engaged in textiles and clothing, there are also companies such as Red Bean and Bosideng in Jiangsu Province. The annual revenue of Heilan Group has also reached more than 100 billion yuan.
Among the top ten manufacturing industries in Jiangsu is Wuxi Industrial Development Group, which ranks sixth, with a revenue of 138.016 billion yuan in 2020. This company is a government-backed company engaged in strategic industry investment, and its highlights are its active participation in the implementation of Wuxi The Shanghai Huahong Wuxi Base Project with the largest single investment in history with a total investment of 10 billion US dollars, the Tianjin Zhonghuan large silicon wafer R&D and production project with a total investment of 3 billion US dollars and the South Korean SK Hynix M8 project with a total investment of about 1.5 billion US dollars. Strategic cooperation with the National Integrated Circuit Industry Fund to help build the “Wuxi Sector” in China’s integrated circuit industry.
Of course, since the semiconductor industry in Jiangsu is mentioned, it must be said that the headquarters of Changdian Technology, the largest integrated circuit packaging and testing company in China, is also located in Wuxi, Jiangsu. According to the revenue in 2021 (last year), it ranks among China’s integrated circuit packaging and testing companies. The second-ranked Tongfu Microelectronics is also a company in Jiangsu, but Changdian Technology’s revenue in 2020 will only be more than 20 billion, and it can only rank 47th among local manufacturing companies in Jiangsu.
According to Changdian Technology’s financial report for the first quarter of 2022. In 2022, the company is off to a good start. In the first quarter, the company achieved operating income of RMB 8.14 billion, a year-on-year increase of 21.2%; net profit of RMB 860 million, with both revenue and net profit hitting record highs for the same period.
Jiangsu Province occupies a pivotal position in my country’s semiconductor industry. In 2021, the country’s largest integrated circuit output will be Jiangsu Province. This first position has been maintained for many years. The reason is that Jiangsu has IDM companies such as Hynix and TSMC. Integrated circuit foundry companies like Nanjing also have integrated circuit packaging and testing companies such as Changdian Technology and Tongfu Microelectronics. The chips will eventually be packaged in the packaging and testing factory.
Another highlight is the optical cable industry in Jiangsu. Hengtong Optoelectronics and Zhongtian Technology ranked seventh and fifteenth respectively. As a large enterprise with a revenue of over 100 billion yuan, Hengtong has the largest single-scale optical fiber material intelligence in the world. factories, and the global market share of optical fiber networks exceeds 20%. It has undertaken more than 100 international marine optical network projects around the world. Hengtong has factories abroad in Brazil, Egypt, India, Indonesia, Portugal and other regions. The picture below shows its Brazilian factory.
In addition, Jiangsu’s shipbuilding industry also has a good scale, but the leader of the shipbuilding industry has not yet entered the top ten in Jiangsu. There are two of China’s top ten shipyards in Jiangsu Province. They are New Era Shipbuilding and Yangtze River Shipbuilding Industry. The shipbuilding capacity reaches 7 million deadweight tons.
The picture below is the canteen of Jiangsu New Times Shipyard, which can accommodate up to 4,500 people.
Jiangsu’s photovoltaic industry also has a place in China and even the world. GCL Group’s annual revenue exceeds 100 billion yuan, ranking 11th in Jiangsu’s manufacturing industry. Changzhou’s Trina Solar and Canadian Solar are also the largest photovoltaics in China. one of the companies.
GCL is the largest new energy manufacturing company in China. It can complete the whole process of photovoltaics from silicon powder, silicon material, silicon wafers to modules and photovoltaic power plants. At the same time, it can produce electronic grade polysilicon and semiconductor large silicon wafers. In addition, it has the ability to produce hydrogen from natural gas. The ability to integrate with wind-solar hydrogen production.
At the same time, Jiangsu’s medical devices and pharmaceuticals are also at the forefront of China. Hengrui Medicine is the pharmaceutical company with the highest R&D investment in China. Others include Yangzijiang Pharmaceutical, and Yuyue Medical. Among them, Yuyue Medical is one of the top ten medical devices in China. enterprise.
In the field of home appliances and consumer electronics , Jiangsu local companies also include Wuxi Little Swan, Suzhou Dongshan Precision, Shengli Precision, and Shenzhen AAC Optoelectronics also set up factories in Changzhou as their main bases. Luxshare also acquired Wistron’s Kunshan company. The factory is used to do contract work for Apple. Among them, Dongshan Precision, Shengli Precision, AAC Optoelectronics, and Luxshare Precision are all companies in the Apple supply chain. Of course, there are companies in the Apple supply chain in Jiangsu and Suzhou Jiazhi Electronics, but the scale is relatively small.
The world’s largest sales of Yadi electric two-wheeled vehicles is also in Jiangsu Province, and it is also one of the top 100 manufacturing companies in Jiangsu. In 2021, the global sales volume will reach 13.86 million vehicles, but although more than 10 million vehicles have been sold, the revenue is only More than 20 billion yuan, that is, the average price of a car is about 2,000 yuan. It needs to continue to move towards the high-end. It can be seen that the capacity of the market is very important. Either the unit price is high or the quantity is large. RMB, the annual sales of smartphones in China can exceed 300 million units a year. And a car can be sold for 100,000 yuan, 200,000 yuan, so the market is also very huge.
The above is that Jiangsu is a local enterprise, and as we all know, Jiangsu is also very attractive to foreign capital. For example, Suzhou’s consumer electronics manufacturing base has gathered a large number of Taiwanese enterprises. Among them, five of the top 100 national exporters in 2020 are in Suzhou. The largest Taiwanese companies are Mingshuo Computer (Suzhou) Co., Ltd., with an export value of US$12.47 billion, ranking 9th; Shishuo Electronics (Kunshan) Co., Ltd., with US$8.46 billion, ranking 14th; Weixin Information (Kunshan) Co., Ltd. ) Co., Ltd., with US$3.67 billion, ranked 36th; Dafu Computer (Changshu) Co., Ltd., with US$2.78 billion, ranked 51st; Suzhou Jia Shida Dentsu Co., Ltd., with US$2.4 billion, ranked 61st.
TSMC, which has always been a popular company in the domestic news, also has a factory in Nanjing, and an industrial park cooperating with Singapore and China is also built in Suzhou. Jiangsu has also become the province that attracts the most capital investment from Singapore.
The Suzhou Industrial Park, which is cooperating with China and Singapore, can be said to be a model of global park construction, with a total import and export volume of US$100 billion a year.
Suzhou Industrial Park is affiliated to Suzhou City, Jiangsu Province and is located in the east of Suzhou City. It was established in February 1994 with the approval of the State Council and was launched in May of the same year. An important cooperation project between the two governments of Singapore.
In 2021, the park will achieve a regional GDP of 333.03 billion yuan, a year-on-year increase of 10%; the total industrial output value above the designated size is 634.55 billion yuan, an increase of 17.5%; the total import and export volume is 111.97 billion US dollars, an increase of 18.9%; the total retail sales of consumer goods is 110.27 billion yuan, up 18%.
The park has practiced the concept of “the park is the scenic spot, and the city is the tourism”, and it has been approved as the only national business tourism demonstration area in the country.
Therefore, in summary, Jiangsu Province has good strength in the fields of steel, petrochemical, textile and garment, photovoltaic, shipbuilding, semiconductor, pharmaceutical and medical equipment, electric two-wheelers, small household appliances and consumer electronics manufacturing, but foreign enterprises in the field of household appliances and consumer electronics have good strength. Mainly, the local enterprises are mainly in the heavy chemical industry such as steel and petrochemical, and the strength is particularly prominent. In the field of semiconductors, Jiangsu is the country’s leader in terms of chip and packaging and testing scale. Hynix and Hua Hong have large factories in Wuxi. Changdian Technology and Tongfu Microelectronics are both the top two in China. TSMC Nanjing is also one of the largest chip factories in China, and its manufacturing process is the most advanced level in mainland China.
It is worth mentioning here that the first place (Hengli), the second place (Shagang), the third place (Shenghong), the fifth place (Zhongtian Iron and Steel) and the seventh place (Hengtong) of Jiangsu Province’s manufacturing industry ), the 8th (Hailan Group), the 9th (Jiangsu Yonggang), the 10th (Yangtze River Pharmaceutical), and the 11th (GCL Group). That is to say , of the 11 large-scale manufacturing groups in Jiangsu Province with a revenue of over 100 billion, 9 are private enterprises , only Wuxi Industrial Development Group has a government background, and Nanjing Iron and Steel, which ranks fourth, is a state-owned enterprise restructured, and it can be regarded as a private enterprise. . It can be seen that private enterprises occupy a major part of the heavy chemical industry in Jiangsu Province.
At the same time, the development of Jiangsu’s automobile industry is relatively lagging behind. According to the National Bureau of Statistics, Jiangsu’s automobile production in 2021 will only be 775,700 vehicles, ranking 14th in the country, not to mention the comparison with Shanghai and Zhejiang next to it. Compared with the neighboring Shandong and Anhui provinces, it is also lower than Shaanxi, Guangxi and Chongqing in the west, and lower than Jilin and Liaoning in the northeast. The output has not entered the top ten in the country, which is obviously not in line with the status of Jiangsu. Guangdong, Shanghai, Jilin, Hubei, and Chongqing rank among the top five in the country, and Guangxi, Anhui, Beijing, Hebei, and Shandong have all produced more than 1 million vehicles.
It may be surprising that Guangdong is the largest automobile manufacturing province in the country. Its 3,384,600 vehicles in 2021 are the only provinces in the country that produce more than 3 million vehicles. In comparison, Shanghai, Jilin and Hubei provinces are all 2 million. In fact, in addition to GAC, BYD, and Wuzhoulong in Guangdong, FAW-Volkswagen also has large factories in Foshan. In May 2019, the FAW-Volkswagen South China base ushered in the 1.5 millionth vehicle officially rolled off the production line, completing the production of 1.5 million vehicles. The target, the South China base took less than 6 years, and after the completion of the second phase of construction and expansion, it took only 1 year and 4 months to complete 2 million vehicles by September 2020.
Beiqi Foton’s Foshan plant also has an annual designed production capacity of 240,000 vehicles.
Similar to the aviation industry in Jiangsu, the major domestic aviation companies are not located in Jiangsu, COMAC is in Shanghai, Shenyang is in Shenyang, Chengfei is in Chengdu, Hongdu is in Jiangxi, Xifei is in Shaanxi, and Hafei is in Heilongjiang. Boeing’s factories in China are located in Tianjin and Zhoushan, Zhejiang.
Of course, Jiangsu also has material companies such as Zhenjiang’s Aerospace Seahawk to supply COMAC, but in general it is not commensurate with its domestic position, but from the perspective of national division of labor, Jiangsu does not need to do everything.
I have always thought that semiconductors and automobiles are the national transport, and the other is aerospace and medical equipment and pharmaceuticals. Compared with South Korea, the overall industrial distribution of Jiangsu Province is relatively comprehensive, but it is relatively weak in the automotive industry, and in consumer electronics products (except for Semiconductor) lacks strong local companies and relies more on foreign companies such as Taiwanese capital.
It can also be seen from this article that there are currently few industries in Jiangsu Province that can surpass South Korea in terms of technology, but they have caught up in terms of total population due to their larger population size and volume, as well as the advantage of facing the entire Chinese market. South Korea’s total economic volume, so there will be further development in the follow-up, and there is room for South Korea’s economic advantages.
Note: The articles on this site have not been posted and shared by netizens or institutions unless they are marked as original. If there is any need for publicity or infringement, please contact [email protected].
This article is reprinted from: https://www.dx2025.com/archives/170430.html
This site is for inclusion only, and the copyright belongs to the original author.