Specialized, refined, and innovative enterprises maintain rapid growth in revenue

According to the latest data from the Ministry of Industry and Information Technology, in the first 11 months of 2023, the revenue and profit margins of specialized, refined, and new "little giants" enterprises and specialized, refined, and new small and medium-sized enterprises were 11.1% and 8.2%, respectively, which were 6 percentage points and 3.1 percentage points higher than those of small and medium-sized enterprises above designated size.

Although our country's economy is facing challenges such as insufficient demand and external uncertainty, the overall development of the manufacturing industry is improving, and strategic emerging industries are developing rapidly. Among them, specialized and new small and medium-sized enterprises that play a key supporting role have strong competitiveness in their respective sub sectors, achieving dual growth in revenue and profit, "said Sun Wenkai, Vice Dean of the National Institute of Small and Medium sized Enterprises at Renmin University of China.

Deeply cultivate segmented fields

At present, specialized, refined, unique and new small and medium-sized enterprises are gradually integrating into the supply chain ecosystem of large enterprises, and their market competitiveness is constantly improving, "said Han Lin, Deputy General Manager of Beijing CCID Industry Brain Technology Co., Ltd. The stable growth of orders is an important reason for the dual growth of revenue and profit, as specialized, refined, unique and new small and medium-sized enterprises are increasingly appearing on the procurement list of large enterprises.

As a national level specialized and innovative "little giant" enterprise, Hainan Flyer Technology Co., Ltd.'s revenue and profit in 2023 increased by 17.8% and 3.01% year-on-year, respectively. The national and local governments have introduced multiple measures to support the development of the private economy and implemented relevant industrial policies, which has strengthened our confidence and encouraged us to develop boldly. "Chen Jun, the chairman of the company, stated that the company will further enhance its technological capabilities and consolidate its market position in the niche fields of drones and deep-sea submersibles.

Specialized and innovative small and medium-sized enterprises have clear product positioning and unique technological advantages, which can meet customers' demand for high-performance products. Their small scale and relatively simple organizational structure enable them to make quick decisions and flexibly adjust production lines, thereby responding to changes in demand and seizing market opportunities in a timely manner. Specialized and innovative enterprises deeply cultivate a certain professional field, have close cooperation with customers, and focus on providing high-quality services, resulting in naturally high user stickiness, "said Hanlin.

Enhanced innovation vitality

In November 2023, the innovation index of specialized, refined, unique and new small and medium-sized enterprises reached 206.6, a year-on-year increase of 7.4%, and the innovation vitality continued to strengthen. Only by persisting in innovation and keeping up with technological trends can we compete in segmented tracks, "said Sun Wenkai.

We always prioritize technological innovation, "Chen Jun said. The company's R&D expenditure in 2023 increased by 71% year-on-year.

At the same time, many small and medium-sized enterprises still face the difficult situation of insufficient innovation and talent shortage. Experts suggest that the government, leading enterprises, specialized and innovative small and medium-sized enterprises, research institutes, and financial institutions should play a good role in the innovation chain. In key common technology areas, promote collaborative innovation and joint research and development between leading enterprises and specialized, refined, unique, and new small and medium-sized enterprises, and enhance industrial basic capabilities through breakthroughs in core technologies; We should also encourage project traction, create application scenarios and opportunities, strengthen the planning and targeting of assistance, and prioritize solving industry difficulties, pain points, and fundamental problems.

When it comes to how small and medium-sized enterprises can introduce high-end talents, Han Lin said that efforts should be encouraged to increase talent introduction in key links of the industrial chain through policies such as equity incentives and housing subsidies, in order to attract top innovative talents; Establish a scientific and fair talent evaluation mechanism to provide a favorable environment and living guarantee for the scientific research work of talents.

Cluster collaborative development

The overall operation of China's economy is stable, with continuous improvement in major indicators. However, the foundation for recovery and improvement still needs to be consolidated, and the driving effect of specialized, refined, unique, and new small and medium-sized enterprises on the economy needs to be further enhanced. This requires enterprises to further achieve specialization. On the one hand, they need to focus on their main business, hone their internal skills, and do a good job of long-term persistence after ten years of honing their skills; On the other hand, achieving specialization in production, management, and capital within the enterprise, adhering to the spirit of craftsmanship, establishing an efficient and scientific management team, and concentrating limited funds to specialize in specific regional markets.

Specialized and innovative small and medium-sized enterprises should also establish the concept of cluster development, avoid fighting alone, actively join industrial clusters, unite in suitable development areas and regions, enter the support system of large enterprises, achieve scale cooperation or supply chain cooperation, and enhance their ability to resist risks.

Beijing Taier Yingfu Technology Co., Ltd., selected as a national level specialized, refined, and new "little giant" in 2023, is dedicated to promoting collaborative development in the field of digital economy. Tale InBev has long focused on the research and development of network underlying technology, mainly providing digital services based on industrial Internet identity resolution and "Spark · Chain" blockchain infrastructure.

Zeng Xiping, Executive Vice General Manager of Beijing Tai'er Yingfu Technology Co., Ltd., believes that the digital economy has become an important engine for promoting high-quality economic development. The company vigorously promotes product upgrades in key industries, creates high-value solutions for specific scenarios, strengthens resource integration and risk sharing, and enhances industrial synergy efficiency.

Information source: China Government website