Zhejiang Richuang Electromechanical Technology Co Ltd based in Wuxing district, Huzhou, East China's Zhejiang province. [Photo/cnnb.com.cn]

Five companies from Huzhou's Wuxing district were recently included in the fifth batch of "little giants" released by the Ministry of Industry and Information Technology (MIIT), according to local media reports.

"Little giants" refer to industry leaders that are deemed by the MIIT to have excellent innovation capabilities, large market shares, core technologies and high product quality and profitability.

In 2018, the MIIT launched a campaign to cultivate such companies. China will strive to cultivate 10,000 little giants before 2025, according to the ministry.

The five listed companies from Wuxing are Zhejiang Richuang Electromechanical Technology Co Ltd, Zhejiang Chant Tech Co Ltd, Huzhou Jiuding Electronics Co Ltd, Zhejiang Shicang Intelligent Storage Equipment Co Ltd, and Zhejiang Huayuan Micro Electronic Technology Co Ltd.

On the provincial level, Zhejiang saw a total of 384 new little giants, while Jiangsu and Guangdong, two other economically-powerful provinces in China, reported an increase of 795 and 658, respectively.