We all know that the total economic output of Guangdong Province in my country has exceeded that of South Korea,
However, in 2021, the total economic output of Jiangsu Province in my country also exceeded that of South Korea. South Korea's total economic output in 2021 was close to US$1.8 trillion, while the total economic output of Jiangsu Province reached 11636.42 billion yuan for the whole year, reaching a new level of 11 trillion yuan. According to the average exchange rate of RMB 6.4515 to US$6.804 trillion in 2021, it is about 1.804 trillion US dollars, which is similar to South Korea. It can be said to have narrowly beat South Korea.
This is of course the first time in the history of Jiangsu Province that the total economic output exceeded South Korea.
Jiangsu will not be the last province in my country to surpass South Korea in terms of economic output, followed by Zhejiang, Henan, Sichuan, Hubei and other provinces.
Today we will briefly talk about the manufacturing industry in Jiangsu Province. Of course, we still mainly focus on local manufacturing.
In our impression, there seems to be no well-known local manufacturing companies in Jiangsu Province.
Speaking of Guangdong, you can know BYD , Huawei , ZTE , Mindray, DJI , OPPO, VIVO and other companies,
Speaking of Shanghai, we know that there are Baosteel ( Baowu Group ), Jiangnan Shipyard , SAIC, SMIC ,
Speaking of Beijing, we know that Xiaomi , BOE , BAIC, Lenovo , and of course there are a lot of manufacturing central enterprises, such as each Aerospace Institute,
Zhejiang We also know that there are Hikang , Dahua , Geely Auto , and Zhejiang Naais that appear from time to time in TV advertisements, as well as a lot of private small and medium-sized manufacturing enterprises in Zhejiang who do not know the names, but know that exports are very strong. For example, Yiwu small commodity exports, it is said that by looking at the production of Yiwu's campaign supplies, you can judge who can be elected as the president of the United States.
But it seems that it is difficult for us in Jiangsu Province to remember the name of the local manufacturing industry. Jiangsu Shagang is one of the largest private steel enterprises in the country, but what about the others?
If we look at the large local manufacturing enterprises in Jiangsu Province, it seems that they are more supported by heavy chemical industry.
Among the top 100 manufacturing industries in Jiangsu Province in 2021 (the Jiangsu Provincial Enterprise Federation ranked according to the revenue data in 2020), 11 local manufacturing enterprises in Jiangsu Province have revenues of more than 100 billion yuan,
Among them, 4 of which are steel companies, namely Jiangsu Shagang (ranked second in manufacturing in Jiangsu Province), Nanjing Steel (fourth), Zhongtian Steel (fifth), Jiangsu Yonggang (ninth),
has 2 petrochemical companies, namely Jiangsu Hengli (first in manufacturing in Jiangsu Province) and Shenghong Group (third in Jiangsu).
It is worth mentioning here that Jiangsu Hengli Group's revenue is far ahead in Jiangsu Province. Its revenue in 2020 was 695.336 billion yuan. Jiangsu Shagang, the second place, had only 266.786 billion yuan, which means that the first place was at the level of 700 billion yuan, while the second place was only more than 200 billion yuan.
Hengli is a full-industry chain enterprise from crude oil to textiles. They have a complete industrial chain of "crude oil-aromatic, ethylene-precision terephthalic acid (PTA), ethylene glycol-polyester (PET)-civilian wire and industrial wire, engineering plastics, film-textiles".
In the refining sector, Hengli's 20 million tons/year refining and chemical integration project is a world-class large factory located in Changxing Island, Dalian. At the same time, in the petrochemical sector, the annual production capacity of Hengli (Dalian Changxing Island) Industrial Park PTA project reaches 12 million tons.
In the polyester new materials sector, Hengli Group has world-leading technical equipment, with an annual polymerization capacity of 6 million tons. In the textile sector, Hengli Textile has more than 40,000 production equipment, with a production capacity of over 4 billion meters per year. The production bases are distributed in Suzhou, Jiangsu, Suqian, Sichuan, Guiyang, Guizhou and other places.
If you look at the top five local manufacturing enterprises in Jiangsu, the rankings are Hengli Group, Jiangsu Shagang, Shenghong Holdings, Nanjing Iron and Steel, and the five largest manufacturing enterprises are petrochemical and steel-related heavy chemical industries.
000 Jiangsu Province's heavy chemical industry has also been very prominent in the country. This can also be seen from the national inter-provincial coal transportation. The following figure comes from the Journal of Geography. During the 1991-1995 8th Five-Year Plan and before it, Liaoning Province was the largest coal transfer province in my country for a long time. Since the 1995 8th Five-Year Plan (1996-2000), Jiangsu Province has become the largest coal transfer province in the country for the first time, accounting for one-eighth of the national inter-provincial coal transfer. During the 15th Five-Year Plan from 2001-2005, it maintained its position as the largest coal transfer province in the country, and further increased to one-seventh of the national inter-provincial coal transfer.
Heavy chemical industry requires a large amount of coal, which shows the advantages of Jiangsu Province's heavy chemical industry in the country.
Of course, Jiangsu's textile industry is also very strong. Hengli Group and Shenghong Group both have textile sectors. Hailan Group (ranks eighth in the top ten manufacturing industry in Jiangsu Province, with Hailan Home ), also engaged in textile and clothing. In addition to the top ten, Jiangsu Province also has Hongdou, Bosideng and other companies.
HaiLan Group's annual revenue also reached more than 100 billion yuan.
There is also a Wuxi Industrial Development Group among the top ten manufacturing industries in Jiangsu, ranking sixth, with revenue of up to 138.016 billion yuan in 2020. This company has a government background to engage in strategic industrial investment.
Its highlights include actively participating in the implementation of the Shanghai Huahong Wuxi Base Project, which has the largest single investment scale and a total investment of US$10 billion in Wuxi history. The total investment is US$3 billion in Tianjin Zhonghuan large silicon wafer research and development and production project and a total investment of approximately US$1.5 billion in South Korea SK Hynix M8 project, deepening strategic cooperation with the National Integrated Circuit Industry Fund to help build the "Wuxi sector" in China's integrated circuit industry map.
Of course, since Jiangsu's semiconductor industry is mentioned, it cannot be said that China's largest integrated circuit packaging and testing company Changdian Technology is also headquartered in Wuxi, Jiangsu. Tongfu Microelectronics, which ranks second in China's integrated circuit packaging and testing companies in 2021 (last year), is also a company in Jiangsu. However, Changdian Technology's revenue was only more than 20 billion yuan in 2020, and can only rank 47th among Jiangsu's local manufacturing companies.
According to Changdian Technology's first quarter financial report for 2022. The company started well in 2022, with operating income of RMB 8.14 billion in the first quarter, and increased by 321.2% year-on-year; net profit of RMB 860 million, and revenue and net profit both hit record highs in the same period.
Jiangsu Province occupies a significant position in my country's semiconductor industry. In 2021, Jiangsu Province has the highest production of integrated circuits in the country. This first position has been maintained for many years. The reason is that Jiangsu has IDM companies such as Hynix , integrated circuit foundry companies such as TSMC Nanjing, and integrated circuit packaging and testing companies such as Changdian Technology and Tongfu Microelectronics. The chips will eventually be packaged at the packaging and testing factory.
Another highlight is Jiangsu's optical cable industry. Hengtong Optoelectronics and Zhongtian Technology ranked seventh and fifteenth respectively. Hengtong , as a large enterprise with revenue of over 100 billion yuan, has the largest single-piece fiber material smart factory in the world. fiber network has more than 20% of the global market share. More than 100 international marine light network projects have been constructed worldwide.
Hengtong has factories in Brazil, Egypt, India, Indonesia , Portugal and other regions abroad. The picture below shows its Brazilian factory.
In addition, Jiangsu's shipbuilding industry also has a good scale, but the leader in the shipbuilding industry cannot yet enter the top ten in Jiangsu. There are two of China's top ten shipyards in Jiangsu Province, namely Shipbuilding in the New Era and Yangzijiang Shipbuilding. For example, Yangzijiang Shipbuilding has an annual shipbuilding capacity of 7 million deadweight tons.
The picture below is the canteen of Jiangsu New Era Shipyard, which can accommodate up to 4,500 people to eat.
The following figure shows the 208,000 tons bulk cargo ship delivered by the shipyard.
Jiangsu's photovoltaic industry also has a place in China and even the world. GCL Group's annual revenue exceeds 100 billion yuan, ranking 11th in Jiangsu's manufacturing industry. Changzhou 's Trisat Solar Energy , Artes is also one of the largest photovoltaic companies in China.
GCL is China's largest new energy manufacturing company. It can complete the entire process of photovoltaics from silicon powder , silicon material, silicon wafer to components and photovoltaic power stations. It can also produce electronic-grade polysilicon and semiconductor large silicon wafers, and also have the ability to integrate natural gas hydrogen production and wind and solar hydrogen production.
At the same time, Jiangsu's medical devices and pharmaceuticals are also at the forefront in China. Hengrui Medicine is the pharmaceutical company with the highest R&D investment in China. Others include Yangtze River Pharmaceutical , and Yuyue Medical , among which Yuyue Medical is one of the top ten medical devices companies in China.
. In the fields of home appliances and consumer electronics, Jiangsu local enterprises also include Wuxi Little Swan, Suzhou Dongshan Precision, Shengli Precision , and Shenzhen Aoxin Optoelectronics also set up factories in Changzhou to use them as their main bases. Luxshare Precision also acquired Wistron in Kunshan factory to do OEM for Apple . Here, Dongshan Precision , Shengli Precision, AAC Optoelectronics, and Luxshare Precision are all companies in the Apple supply chain. Of course, the Apple supply chain companies in Jiangsu also have Suzhou Jiasui Electronics, but the scale is relatively small.
The world's largest sales Yadea electric two-wheeler is also in Jiangsu Province and one of the top 100 manufacturing companies in Jiangsu.
The global sales in 2021 actually reached 13.86 million vehicles. However, although the sales volume of more than 10 million vehicles is only more than 20 billion yuan, which means that the average price is about 2,000 yuan per vehicle. We still need to continue to move towards the high-end. It can be seen that the market capacity is very important, either the unit price is high or the quantity is large.
Why did we always say that smartphones are also more than 2,000 yuan, and the annual sales of smartphones in China can exceed 3000 million units a year.
, and a car can be sold for 100,000 yuan or 200,000 yuan, so the market is also very large.
or above is a local enterprise in Jiangsu, and as we all know, Jiangsu is also very attractive to foreign capital. For example, the electronic manufacturing base of Suzhou has gathered a large number of Taiwanese enterprises.
, among which among the top 100 export exports in 2020, there are five Taiwanese enterprises in Suzhou.
are Mingshuo Computer (Suzhou) Co., Ltd., with an export value of 1 2.47 billion US dollars, ranking 9th;
Shishuo Electronics (Kunshan) Co., Ltd., 8.46 billion US dollars, ranking 14th;
Wei Xinzitong (Kunshan) Co., Ltd., 3.67 billion US dollars, ranking 36th;
Dafu Computer (Changshu) Co., Ltd., 2.78 billion US dollars, ranking 51st;
Suzhou Jiashida Denmark Co., Ltd., , 2.4 billion US dollars, ranking 61st.
. TSMC, which has always been a popular company in domestic news, also has factories in Nanjing, and the industrial park jointly operated by Singapore and China is also built in Suzhou, and Jiangsu has also become the province in the country that attracts the most capital investment in Singapore.
The Suzhou Industrial Park, which is jointly developed by China and Singapore, can be said to be a model for global park construction, and can achieve a total import and export volume of US$100 billion a year.
Suzhou Industrial Park is affiliated to Suzhou City, Jiangsu Province, located in the east of Suzhou City. It was established in February 1994 with the approval of the State Council and was launched in May of the same year. The administrative division area is 278 square kilometers (including 80 square kilometers of the China-Singapore Cooperation Zone). It is an important cooperation project between the governments of China and Singapore.
In 2021, the park achieved a regional GDP of 333.03 billion yuan, a year-on-year increase of 10%; the total industrial output value above designated size was 634.55 billion yuan, a growth of 17.5%; the total import and export volume was 111.97 billion US dollars, a growth of 18.9%; the total retail sales of consumer goods in
was 110.27 billion yuan, a growth of 18%.
Park has practiced the concept of "a park is a scenic spot, and a city is tourism" and has been approved as the only national business tourism demonstration zone in the country.
Therefore, in summary, Jiangsu Province has good strength in the fields of steel, petrochemical, textile and clothing, photovoltaics, shipbuilding, semiconductors, pharmaceuticals and medical devices, electric two-wheeled vehicles, small appliances and consumer electronics manufacturing, but the main fields of home appliances and consumer electronics are foreign companies, and the local enterprises are mainly steel and Hepec and other heavy chemical industries, which are particularly outstanding.In the semiconductor field, Jiangsu is the leader in the country in terms of chips and packaging and testing scales. Hynix and Huahong have large factories in Wuxi. Changdian Technology and Tongfu Microelectronics are both top two packaging and testing companies in China. TSMC Nanjing is also one of the largest chip factories in China, and its manufacturing process is the most advanced level in mainland China.
It is worth mentioning here that Jiangsu Province's manufacturing industry is the first place (Hengli), second place (Shagang), third place (Shenghong), fifth place (Zhongtian Steel), seventh place (Hengtong), eighth place (Hailan Group), ninth place (Jiangsu Yonggang), tenth place (Yangzijiang Pharmaceutical), eleventh place (Xingxin Group)
is that 11 large manufacturing groups in Jiangsu Province with revenue exceeding 100 billion yuan. 9 are private enterprises, only Wuxi Industrial Development Group has a government background. In addition, Nanjing Steel, which ranks fourth, is state-owned enterprise restructuring , which can be regarded as a private enterprise.
It can be seen that private enterprises occupy the main part of the heavy chemical industry in Jiangsu Province.
At the same time, in comparison, Jiangsu's automobile industry development is relatively lagging. According to the figures of the National Bureau of Statistics, Jiangsu's automobile production in 2021 was only 775,700 vehicles, ranking 14th in the country.
Not to mention that it is comparable to Shanghai and Zhejiang next to it, it is not as good as the nearby Shandong Province and Anhui Province, and is also lower than Shaanxi, Guangxi and Chongqing in the west, and Jilin and Liaoning in the northeast. The output has not entered the top ten in the country, which is obviously inconsistent with Jiangsu's status. Guangdong, Shanghai, Jilin, Hubei and Chongqing ranked among the top five in the country. In addition, the production of automobiles in Guangxi, Anhui, Beijing, Hebei and Shandong also exceeded 1 million.
Here, Guangdong is the largest automobile manufacturing province in the country. In 2021, it may be a bit surprising that 3.3846 million vehicles are the only province in the country with a car production of more than 3 million vehicles. In comparison, Shanghai, Jilin and Hubei provinces are all in the 2 million vehicle level.
In fact, in addition to GAC, BYD and Wuzhoulong, Guangdong also has a large factory in Foshan .
In May 2019, the FAW-Volkswagen South China Base ushered in the 1.5 million vehicle officially rolled off the line, achieving the goal of 1.5 million vehicles. It took less than 6 years for the South China Base, and after the second phase of construction, it only took 1 year and 4 months to complete the production expansion by September 2020.
BAIC Fotian 's Foshan factory has an annual designed production capacity of 240,000 vehicles.
Similar to Jiangsu's aviation industry, the domestic large local aviation companies are not in Jiangsu,
Company Aircraft in Shanghai, Shenfei in Shenyang, Check in Chengdu, Hongdu in Jiangxi, XiFly in Shaanxi, HAFly in Heilongjiang, and Boeing in China's factories are distributed in Tianjin and Zhoushan, Zhejiang.
Of course, Jiangsu also has material companies such as Zhenjiang Aerospace Seahawk to supply to COMAC, but in general, it is not very commensurate with its status in China. However, from the perspective of national division of labor, there is no need for Jiangsu to do everything.
I used to think that semiconductors and automobiles are the national fortune, and in addition to aerospace and medical devices and pharmaceuticals. Compared with South Korea, Jiangsu Province's overall industrial distribution is relatively comprehensive, but in terms of the automobile industry,
In addition, there is a lack of strong local enterprises in consumer electronic products (except semiconductors), and it relies more on foreign companies such as Taiwan capital.
It can also be seen from this article that not many industries in Jiangsu Province can surpass South Korea in technology at present. Instead, they have caught up with the total economic output of South Korea in terms of total volume with a larger population size and size, as well as the advantages of the entire Chinese market. Therefore, there will be further development in the future and open up space for South Korea's economic advantages.
