Hai'an's industrial enterprises resume operations with impressive growth
A workshop belonging to Nantong Xing'anyuan Metal Products in Hai'an. [Photo/Nantong Daily]
As of Feb 10, 1,305 industrial enterprises in Hai'an, Nantong, each larger than the designated size, had resumed operations following the Chinese New Year holiday, resulting in a remarkable resumption rate of 94 percent.
Nantong Xing'anyuan Metal Products, which started operations on the second day of Chinese New Year, is one of the businesses driving this recovery. The company has already filled its order books and is expanding by establishing a new workshop. The new facility is complete and ready for equipment installation.
Wang Lei, the company's executive vice-general manager, stated: "This year, our target output value is 300 million yuan ($41.23 million). We plan to achieve high-quality growth by increasing investment in technological improvements, driving digital transformation, and strengthening talent training and team development."
Similarly, Jiangsu Imagin Machinery, a high-tech enterprise specializing in smart textile equipment, has a larger order backlog, with production scheduled well into May. The company dedicates 8 to 10 percent of its annual output value to research and development, constantly working to innovate and enhance its products.
Jiangsu Tongwei Biotechnology is also experiencing promising growth. After launching trial production in September last year, the company is now progressively ramping up its capacity. Once fully operational, the annual output value is expected to exceed 1 billion yuan. In a major investment in production quality, the company has spent 150 million yuan on top-tier equipment, aiming to create a smart factory that is professional, standardized, automated, and eco-friendly. This has resulted in a 30 percent improvement in production efficiency compared to previous methods.