Core Insights - The "2025 Shenzhen Top 500 Enterprises List" was recently released, ranking companies based on their 2024 revenue, with Ping An, Huawei, and BYD taking the top three spots [1] - The list serves as an important reference for assessing the comprehensive strength of Shenzhen enterprises and has been published for eight consecutive years [1] - The report analyzes the development trends of Shenzhen enterprises and includes six sub-lists derived from the main data, providing detailed insights into the local business landscape [1] Company Highlights - Qixin Group ranked 114th on the main list with a revenue of 11.397 billion yuan for 2024 and placed 41st in the "Top 100 Manufacturing Enterprises" sub-list [1][3] - The company focuses on digital transformation in procurement, utilizing a supply chain of high-value goods and a fully digitalized service platform covering various procurement scenarios [3] - Qixin Group has embraced emerging technologies, implementing AI in digital procurement, with its AI model successfully applied in nearly 70 business scenarios [4] Client and Brand Development - Qixin Group has built a strong client base with over 80,000 quality customers, including more than 60 central enterprises among the top 100 state-owned companies [4] - The company has developed a brand matrix catering to consumer needs, including brands like Qixin Office and Qixin Cultural Products, with a focus on cultural heritage and innovative design [4] - The V'mo brand has gained recognition, winning the prestigious German iF Design Award for its innovative application of smart technology in social safety products [4] Industry Context - Strategic emerging industries are identified as the core growth engine for Shenzhen enterprises, with successful digital transformation experiences from companies like Qixin Group serving as benchmarks for high-quality development [6]

Core Viewpoint - Despite a challenging external environment, Shenzhen's foreign trade continues to show a steady and positive development trend, maintaining its position as the leading city for foreign trade in mainland China with a total import and export scale of 3.36 trillion yuan in the first three quarters of the year, reflecting a year-on-year growth of 0.1% [1] Group 1: Trade Performance - In the first three quarters, Shenzhen's total exports reached 2.04 trillion yuan, while imports amounted to 1.32 trillion yuan, with imports growing by 8.4% [1] - The general trade method accounted for 53.8% of Shenzhen's total import and export value, with a total of 1.81 trillion yuan [7] - The import of mechanical and electrical products reached 1.08 trillion yuan, growing by 10.7%, representing 81.4% of total imports [12] Group 2: Role of Private Enterprises - Private enterprises, which make up 97% of the market, are the main force in stabilizing Shenzhen's foreign trade and driving market expansion [4] - In the first three quarters, private enterprises accounted for 68.9% of Shenzhen's total import and export value, amounting to 2.32 trillion yuan [7] - The innovation vitality of private enterprises is continuously surging, with significant investments in R&D leading to breakthroughs in technology and product offerings [7] Group 3: Innovation and Product Development - Companies like Qixin Group have successfully developed products that meet diverse overseas market demands, showcasing innovation in smart technology [6] - The export of bicycles from Shenzhen reached 770 million yuan, marking a year-on-year increase of 34.5%, driven by advancements in carbon fiber technology [6] - Shenzhen's traditional electronic information industry and emerging industries maintain a competitive edge, with exports of electromechanical products growing by 4.5% [10] Group 4: Market Expansion and Partnerships - Shenzhen's foreign trade network is expanding, with total imports and exports to the top ten trading partners reaching 2.63 trillion yuan, a growth of 2.2% [11] - The ASEAN region has become an important trading partner, providing more export opportunities, especially for high-value-added products [11] - Trade exhibitions have facilitated Shenzhen enterprises in exploring new markets, with significant procurement intentions achieved in various overseas events [12]

Core Viewpoint - Despite a challenging external environment, Shenzhen's foreign trade continues to show resilience and maintain a steady growth momentum, with a total import and export scale of 3.36 trillion yuan in the first three quarters of the year, marking a year-on-year increase of 0.1% [1][3]. Group 1: Trade Performance - Shenzhen's total import and export volume reached 3.36 trillion yuan, maintaining its position as the leading foreign trade city in mainland China [1]. - Exports amounted to 2.04 trillion yuan, while imports reached 1.32 trillion yuan, with imports growing by 8.4% [1]. - In the first three quarters, Shenzhen's private enterprises accounted for 68.9% of total imports and exports, amounting to 2.32 trillion yuan [9]. Group 2: Role of Private Enterprises - Private enterprises, which make up 97% of the market, are the main force in stabilizing Shenzhen's foreign trade and driving market expansion [5]. - Traditional industries are actively transforming by aligning with diverse overseas demands and moving up the value chain [5]. - Innovations such as the V'mo fingerprint lock bag, which won the 2025 German iF Design Award, exemplify the technological advancements and market adaptability of Shenzhen brands [5][6]. Group 3: Product Innovation - Product innovation is identified as the core competitive advantage for brands going global, with many Shenzhen companies achieving significant breakthroughs [6]. - Shenzhen's bicycle manufacturer, Xidesheng, has developed a carbon fiber bike frame weighing only 560 grams, showcasing its technological prowess [7]. - In the first three quarters, Shenzhen exported bicycles worth 770 million yuan, reflecting a year-on-year growth of 34.5% [7]. Group 4: Export Structure and New Industries - The general trade method, characterized by longer supply chains and higher added value, accounted for 53.8% of Shenzhen's total import and export value, amounting to 1.81 trillion yuan [10]. - Emerging industries, including 3D printing and lithium batteries, are driving export growth, with lithium battery exports increasing by 36.6% [11]. - Shenzhen's traditional electronic information products, such as computers and audio-visual equipment, also maintained a competitive edge, with exports growing by 10.6% and 6.3% respectively [11]. Group 5: Expanding Trade Partnerships - Shenzhen's foreign trade partnerships are expanding, with total imports and exports to the top ten trading partners reaching 2.63 trillion yuan, a growth of 2.2% [13]. - The ASEAN region has become a significant trading partner, providing more export opportunities, especially for high-value products [13]. - The 22nd China-ASEAN Expo facilitated significant orders for Shenzhen's innovative products, further solidifying its influence in the ASEAN market [13]. Group 6: Import Trends - Imports of electromechanical products reached 1.08 trillion yuan, growing by 10.7% and accounting for 81.4% of total imports [15]. - Agricultural product imports also saw a growth of 9.3%, amounting to 752.3 million yuan [15].

Group 1 - The 21st China (Shenzhen) International Cultural Industries Fair (CICIF) was held from May 22 to 26, showcasing the theme "Innovation Leads the Trend, Creativity Lights Up Life" [1] - The fair is recognized as China's only national-level, international, and comprehensive cultural industry expo, certified by UFI, aimed at promoting Chinese cultural products globally [1] - A total of 305 overseas exhibitors from 65 countries and regions participated, providing immersive cultural experiences through innovative expressions [1] Group 2 - Pingshan District showcased its cultural innovation achievements, featuring popular IP cultural products from Qixin Group, including the Compera ergonomic pencil and V'mo fingerprint lock children's thermos cup [2] - The Compera pencil is designed for children's hand sizes, offering two designs to accommodate different grips, enhancing comfort and usability [2] - The V'mo thermos cup emphasizes children's drinking safety and health, receiving positive feedback at the fair and being nominated for a design award [2] Group 3 - The development of China's cultural industry is becoming increasingly diverse, with cultural brands and creative products enhancing urban cultural soft power [3] - The fair serves as a super trade platform for cultural openness and international expansion, helping exhibitors enhance their global competitiveness and promote Chinese culture [3]