From January to September this year, the industrial economy of Nanhu District maintained a steady operating trend.
Statistical data shows that in the first three quarters, the district achieved an industrial added value of 22.313 billion yuan, a year-on-year increase of 8.35%; it realized a scaled industrial added value of 19.955 billion yuan, a year-on-year increase of 10%. Both growth rates ranked third in the city.
Against the backdrop of a complex and volatile global economic environment and structural adjustments in market demand, Nanhu District's manufacturing sector demonstrated strong resilience in the first three quarters, also revealing deeper changes such as continuous optimization of the industrial structure and the accelerated rotation of new growth engines.
The district's three key sectors 鈥?high-tech industries, equipment manufacturing, and digital economy core industries manufacturing 鈥?performed outstandingly. Among them, the added value of high-tech industries and digital economy core industries manufacturing both surpassed the full-year totals of last year, while the added value of equipment manufacturing reached 95.7% of last year's full-year total.
Leading Enterprises Drive the Industrial Chain Toward Higher Ends
Backbone enterprises serve as the stabilizer of industry. In the first three quarters, leading enterprises in the district continued to advance toward the higher end of the industrial chain and value chain, becoming a solid support for stable growth.
Satellite Chemical continued to lead the pack. According to the company's disclosure, from January to September this year, the company achieved operating revenue of 46.414 billion yuan, a year-on-year increase of 33.49%; net profit attributable to shareholders was 9.059 billion yuan, a year-on-year increase of 141.24%. Satellite Chemical is a leading enterprise in China's light hydrocarbon chemical industry. Behind its impressive performance is a hard-to-replicate industrial chain advantage. The company has built the world's only integrated C2 and C3 industrial chain, effectively improving operational efficiency and reducing operating costs.
On this basis, the company accelerated its high-end layout this year: its superabsorbent polymer (SAP) product quality has reached industry-leading levels and has entered the supply chain of global hygiene product leaders. Additionally, key projects such as the technical renovation project for an annual production of 160,000 tons of green environmentally friendly waterborne polymer emulsion series products are being advanced, further solidifying its competitive moat in the industry.
From January to September, Rongtai Electric achieved a growth rate of over 40%. As a global leader in new energy mica composite materials, the company's core businesses such as thermal runaway protection insulation components for new energy vehicles rank first in the industry in both global and domestic market share. Strong R&D capabilities have allowed the company to maintain its leading position, with cumulative R&D spending of 172 million yuan over the past three years. Meanwhile, the company has also entered the humanoid robot core components sector in recent years, cultivating a second growth curve. Its overseas layout has also reached harvest time, with its Vietnam base already in production and its Thailand base entering trial production.
Equipment manufacturing is a traditional advantageous field for Nanhu District, achieving a growth rate of 12.6% in the first three quarters, with a number of leading enterprises achieving steady growth. At the ongoing 140th Canton Fair, Zhejiang Yate Electric Appliance Co., Ltd. appeared simultaneously in the tools zone, robotics zone, and home appliances zone, receiving merchants from around the world. Multiple "unique" products 鈥?including the world's first gasoline-electric hybrid lawn mower, the world's first lithium battery snow thrower, and an intelligent lawn mowing robot with world-leading energy efficiency 鈥?allowed Yate to "break through" among global garden machinery giants.
The company's brand director Shen Zhaowei told reporters that the company is expected to complete its full-year export target of 2.5 billion yuan this year, with new growth points coming from offline sales in Russia, offline sales in North America, and cross-border e-commerce.
Digital Empowerment Accelerates Volume Growth in Emerging Tracks
Data shows that the digital economy is increasingly becoming the most dynamic new growth pole for Nanhu District's industrial economy. In the first three quarters, the district's digital economy core industries manufacturing added value reached 5.278 billion yuan, surpassing last year's full-year total of 4.818 billion yuan, a year-on-year increase of 20.2%. Among them, the artificial intelligence industry performed strongly. Available data shows that since the beginning of this year, the growth rate of large-scale AI enterprises in Nanhu District has consistently ranked first in the city. This is inseparable from the multiple AI projects that Nanhu District has continuously signed and landed in the past two years, and these projects entered their output period this year.
Zhejiang Jiushi Zhipei Intelligent Technology Co., Ltd. is a representative example. The company was founded in June 2024, focusing on the R&D and manufacturing of unmanned delivery vehicles. It has currently obtained 375 Jiaxing road rights licenses and has more than 70 vehicles in regular operation, with a growth rate exceeding 40% from January to September this year. Changxin Bochuang's optical communication devices have reached a 20% national market share, with output value growing over 20% year-on-year in the first three quarters of this year. Donghong Electronics, newly recognized as a national-level specialized and sophisticated "little giant" enterprise, has deeply cultivated intelligent power metering and smart energy management, carving out a niche in both domestic and international markets.
The continuous growth of these enterprises fully confirms that Nanhu District is forging ahead in the "new blue ocean" of the digital economy. Up to now, more than 20 national-level specialized and sophisticated "little giant" enterprises have emerged in the district within this industry category.
Many enterprises in transition are also gaining new vitality through digital empowerment. Jiaxi Beta Compressor Co., Ltd. has vigorously promoted digital transformation in recent years. The company has applied more than 30 "intelligent agents," with AI recognition covering nearly 20 processes, among which stator defect detection has achieved "lights-out factory"-style unmanned quality inspection. Not long ago, Taikang Electronics' wiring harness workshop launched the district's first batch of MEgo body-less data collection devices, continuously experimenting on the path of "AI + manufacturing" to renew the enterprise's production organization methods.
Existing enterprises continue to advance intelligent and high-end upgrades, while new project introductions strengthen the layout of new AI tracks. The data from the first three quarters reflects Nanhu District's unremitting efforts to continuously promote new-type industrialization and develop new quality productive forces tailored to local conditions. Along with the pace of industrial upgrading, the regional industrial economy has gained more solid and sustainable support.
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