“Although we have faced various challenges such as economic downturn and market competition this year, we have withstood the pressure and achieved a leapfrog development against the trend,” said Li Zhichao, an executive of the company. 

 

As a new type industrial enterprise that settled in Rucheng Economic Development Zone in recent years, Hunan Guanwei Intelligent Technology is a large furniture company specializing in intelligent hardware and intelligent hardware iron art combination, undertaking foreign trade export business. 

 

When it was put into operation in August 2022, the company had only over 60 employees and only had a single and incomplete production line. Most products exported were mid- to low-end products, with an output value of less than 10 million yuan and a profit tax of only 200,000 yuan.  

 

 

In 2023, with the support of the park, the company’s employees surged to over 520 people, and four complete production lines of diversified products were put into operation. 

 

The annual output value exceeded 200 million yuan and the annual profit tax reached over 2 million yuan. It achieved significant development and breakthroughs in all aspects. 

 

The rapid and stable development of Guanwei Intelligent Technology vividly reflects the thriving economy of Rucheng Economic Development Zone. 

 

“The rapid growth of main economic indicators shows the vitality of industrial development in the park.” An official of the Rucheng Economic Development Zone said that as of the end of November 2023, the park completed a total revenue of over 12 billion yuan from technology, industry and trade, an increase of 20.53% year on year. The tax revenue hit 630 million yuan, up 23.73% year on year. The added value of large-scale industries increased by 3.6%. The main business revenue of the high-tech industries was 7.036 billion yuan, a year-on-year increase of 23.20%.

 

 

The fixed assets investment was 2.866 billion yuan, up 26.29% year on year. The utilized domestic capital reached 4.676 billion yuan, a year-on-year increase of 15.11%. The foreign trade amounted to 42 million US dollars, with actual foreign investment of 980,000 US dollars used. 

 

The park generated an average tax revenue of 131,500 yuan per mu (0.067 hectares). the agglomeration degree of leading industries has reached 80.75%. 

 

Rucheng County is located at the intersection of Hunan, Guangdong and Jiangxi provinces, with obvious regional and policy advantages. It walks at the forefront in Hunan province to undertake the industrial transfer of the Guangdong-Hong Kong-Macao Greater Bay Area. 

 

In recent years, the county government has made utmost efforts to optimize the business environment and promote industrial development. 

 

The county government has implemented special actions to attract investment. In 2023, 31 projects were signed, with a planned total investment of 9.21 billion yuan and 24 projects, each exceeding 100 million yuan.

 

Since 2020, a total of 57 companies have signed contracts, 39 companies have started construction, 27 companies have been completed, with over 9 billion yuan of investment completed. 

 

It has worked to optimize the business environment and helped promote the development of enterprises. Targeted measures have been taken to solve urgent and difficult problems of enterprises.  

 

Since 2020, the park has handled more than 2,300 corporate affairs, recruited more than 6,000 employees, and issued loans of over 1.3 billion yuan. It has provided supports for more than 90% of enterprises with financing needs. 

 

Administrative approval matters such as development and reform filing, planning permission, and completion acceptance can be handled within one working day. Not only has it won high praise from business owners, but it also adds momentum and vitality to enterprise development. 

 

All cadres and staff of the park have made efforts to promote project construction, so tremendous changes have taken place in the park within four years. 

 

The building area of the factories has increased from 500,000 to 2.7 million square meters, an increase of more than five times. The construction of 11 roads including Xingye Avenue has been completed, with a mileage expansion of over 8 kilometers and a drainage network of over 20 kilometers. The road network has expanded from two main roads to the current six roads. 

 

In 2023 alone, there were 33 key projects under construction, including 5 new projects started, 10 completed and 10 put into operation. A standard factory building of 260,000 square meters was completed, with a total investment of 1.632 billion yuan, accounting for 136.02% of the annual investment plan. 

 

Now, there are 137 enterprises in Rucheng Economic Development Zone, 112 industrial enterprises, 45 enterprises above designated size, 18 high-tech enterprises, 8 “little giant” enterprises, 130 domestic market entities, and 7 foreign market entities. 

 

The electronic industry, agricultural product processing, gemstone industry and other industrial chain in the county are flourishing. Among them, Hunan Guangdong Electronic Intelligent Technology Industrial Park has won the title of excellent key project in the province and has been approved as an advantageous industrial chain project by the Industry and Information Technology Department of Hunan Province.