Two Yichang Groups on 2024 China Top 500 Enterprises List
2024-09-12 23:09:03
Journalist: Song Xiaoxiao
Translator and English Editor: Chen Zai
On September 11, the China Enterprise Confederation and China Enterprise Directors Association released the 2024 China Top 500 Enterprises list, with Yichang's Daohuaxiang Group and Xingfa Group making the list.
The list shows that Daohuaxiang Group ranked 397th, marking its 11th consecutive year on the list. Xingfa Group has been on the list for 10 consecutive years and ranked 399th, up 11 places from last year, reaching its highest ranking ever.
Translator and English Editor: Chen Zai
On September 11, the China Enterprise Confederation and China Enterprise Directors Association released the 2024 China Top 500 Enterprises list, with Yichang's Daohuaxiang Group and Xingfa Group making the list.
The list shows that Daohuaxiang Group ranked 397th, marking its 11th consecutive year on the list. Xingfa Group has been on the list for 10 consecutive years and ranked 399th, up 11 places from last year, reaching its highest ranking ever.
Established in 1994, Hubei Xingfa Chemicals manufactures a full range of phosphorus-based chemicals. As the largest phosphates firm in China, the Yichang-based company embraces green chemical production and manufactures 591 products in 15 categories spanning industry, animal feed, food, dental care, pharmaceuticals and electronics. Xingfa has one of the most complete phosphate product portfolios in the world.
Daohuaxiang Group, founded in 1982 and recognized as one of China's top 500 enterprises, has evolved into a major player in the liquor industry, focusing on high-quality baijiu production while also expanding into logistics, supporting industries, and cultural tourism.
The 500 enterprises on the list achieved a total revenue of 110.07 trillion yuan, an increase of 1.58% from the previous year and new milestone.
