Since the beginning of this year, Jiangsu has continuously guided small and medium-sized enterprises (SMEs) on the path of ‘high growth potential, advanced technology, and strong market competitive edge’. The aim has been to accelerate their integration into both international and domestic industrial chains and expand new development opportunities within the new dynamics that is focused on the domestic economy and features a positive interplay between domestic and international economic flows. From January to April, the operation of SMEs in the province has continued the upward trend from the first quarter, with both revenue and profit growth exceeding that of Jiangsu provincial and national industrial enterprises above a designated size.

[Developing New Quality Productive Forces and Gradually Cultivating Enterprises with High growth potential, Advanced Technology and Strong Market Competitive Edge]

‘High growth potential, advanced technology, and strong market competitive edge’ are the key factors for SMEs to explore markets and integrate into international and domestic industrial chains. In the production workshop of Jiangsu Taiyuan Environmental Protection Technology Co., Ltd., located in the Yixing Economic Development Zone of Wuxi, piles of stainless steel standard modules are neatly arranged. These modules can be transported to construction sites, where workers can quickly assemble them into sewage treatment plants, much like building blocks, according to blueprints. Compared to the traditional construction method using reinforced concrete, Taiyuan’s independently developed Modular Sewage Treatment System, combined with its proprietary technology for biological concentration and incremental treatment, allows the constructed sewage treatment plants to save over 60% in land use, reduce carbon emissions by 75.4%, and shorten the construction period by 80%.

This year marks the second year of the Three-Year Action Plan for Cultivating Enterprises with High Growth Potential, Advanced Technology, and Strong Market Competitive Edge in Jiangsu. The province continues to leverage tax policies and fiscal funds to support SMEs. Jiangsu Provincial Government Investment Fund has cumulatively invested in nearly 300 enterprises with high growth potential, advanced technology, and strong market competitive edge, with an investment amount reaching 21 billion yuan. As of now, there are 38,000 such SMEs in Jiangsu, with a cumulative total of 9,601 provincial-level SMEs with high growth potential, advanced technology, and strong market competitive edge, and 1,474 national-level Little Giant enterprises. Among these enterprises, over 30% have leading products that rank in the top three by market share within their respective national niche markets, forming a gradient cultivation system for SMEs centered on ‘high growth potential, advanced technology, and strong market competitive edge’.

[Integrating into the ‘New Development Dynamics’ and Exploring New Growth Opportunities]

Jiangsu Tianyuan Intelligent Equipment Co., Ltd. is a leading enterprise in the domestic autoclaved aerated concrete complete set of equipment industry. By participating in overseas building materials exhibitions, Tianyuan Intelligent gained insights into the demands of different countries and regions, developed and configured targeted products, and quickly opened new markets. This year, the company’s foreign trade exports have doubled, accounting for 40% of total sales revenue.

Wu Yizhong, the chairman of Jiangsu Tianyuan Intelligent Equipment Co., Ltd., said, “This year, for the first time, self-managed exports have become a new growth point for the company, ensuring steady growth.”

From January to April, the operating income of SMEs in the province accounted for 62.8% of the total industrial enterprises above the designated size, with a year-on-year increase of 6.7%. The total profit realized accounted for 53.6% of the total industrial enterprises above the designated size, with a year-on-year increase of 8.9%, a rise of 0.7 percentage point from the first quarter. Business revenues in 27 major manufacturing industries maintained positive growth.