Economic Overview - Jiaxing's GDP for 2024 is projected to be 756.95 billion yuan, with a year-on-year growth of 5.6%, ranking fifth in Zhejiang province [1] - The GDP for the first three quarters of this year reached 565.81 billion yuan, reflecting a year-on-year increase of 5.2% at constant prices [1] Private Sector Contributions - The private economy is highlighted as the most significant feature and advantage of Jiaxing's economy, with the "2025 Jiaxing Top 100 Private Enterprises" report indicating that Tongxiang has 20 companies listed, with the top five occupying four positions [3] - Four companies reported revenues exceeding 100 billion yuan, with Huayou Cobalt Group leading at 101.73 billion yuan, marking a growth trajectory from its origins in 1994 [3] Company Highlights - Satellite Group achieved a revenue of 112.87 billion yuan, a significant increase of 31.3%, maintaining its position as the third-largest private enterprise in Jiaxing [5] - New Fengming Group reported a revenue of 131.02 billion yuan, with a year-on-year growth of 20.8%, and a chemical fiber production increase of 6.75% to 14.33 million tons [7] - Tongkun Group topped the list with a revenue surpassing 200 billion yuan, growing by 6.28% to 200.17 billion yuan, and is recognized as a leader in polyester filament production [9] Investment and Development - Huayou Cobalt is actively expanding internationally, with projects in Hungary and Zimbabwe, focusing on creating a green manufacturing base for lithium battery materials [3] - Satellite Group is investing 2.38 billion yuan in a new R&D center, aimed at supporting industrial transformation and technological independence [5]