Dr. Wang Xin presented awards to the winning companies: Yonteng Group, Shihang Fresh Foods, Aqara, and EES.
The emerging enterprises shortlisted this time mainly cover seven major industries: advanced manufacturing, strategic emerging industries, future industries, modern service industries, emerging service industries, infrastructure, and digital economy. The 'EY Fudan Most Potential Enterprises' selection committee believes that China's economic and social development has entered its fourteenth five-year plan period. On a highly challenging path, many outstanding Chinese entrepreneurs have been pioneering innovation in industries such as information technology, biotechnology, high-end equipment manufacturing, and new materials, bringing new perspectives to the entire market. These emerging enterprises are also helping China accelerate its entry into the forefront of innovative countries, promote a fundamental transformation of development drivers, and enhance China's economic and social development level and international competitiveness.
This year, EY once again joined hands with the School of Management at Fudan University, one of China's top professional institutions.And we have especially invited Frost & Sullivan, a global growth consulting firmChina Financial Information CenterServe as a cooperative support institutionThe selection event for 'EY Fudan's Most Promising Enterprises 2021' is being held, aiming to discover future industry leaders who are defying the current trends, subverting traditional technology fields, and further exploring market space in this era of opportunities and challenges. It also hopes that through this event, the capital market can gain a deeper understanding of China's outstanding emerging enterprises and assist them in achieving rapid growth.
The impact and challenges brought about by the pandemic have spurred significant changes in production and lifestyle, driving rapid growth in related industries. Among them, information technology equipment suppliers and public cloud service providers made rapid arrangements during the pandemic and reaped substantial benefits. At the same time, enterprises that have laid out in emerging technology fields such as blockchain, remote communication, and holographic imaging are also continuously exploring application scenarios for these technologies in emergency management during the pandemic. The tech-enabled pharmaceutical industry is embracing long-term innovation opportunities. The industry transformation in the post-pandemic era also has a profound impact on the development of industries outlined in the '14th Five-Year Plan.' With the implementation of the '14th Five-Year Plan,' there are also many opportunities in the eight national encouraged industries: advanced manufacturing, strategic emerging industries, future industries, modern services, emerging services, modern agriculture, infrastructure, and the digital economy.
This year, 7 of the award-winning enterprises came from strategic emerging industries, and 5 belong to the digital economy industry. Future industries represented by new-generation artificial intelligence, brain science, and biotechnology also receive considerable attention. During the "14th Five-Year Plan" period, under the guidance of national strategic layout, the new-generation information technology industry, biotechnology industry, high-end equipment manufacturing industry, new material industry, green and low-carbon industry, and digital creative industry will lead high-quality economic growth, boost sustainable economic and social development, and the digital economy industry will embrace broader development space. In the future, the government will increase investment in research and development in the digital economy field, while encouraging enterprises to increase investment in R&D, pay more attention to basic research, and support the industrial transformation of scientific and technological achievements. It will provide market support for the large-scale industrialization of digital technology through government procurement, new infrastructure construction, etc., accelerating technological iteration and maturity.
The participating enterprises for the 'EY Fudan Most Potential Enterprise' must be non-listed companies with excellent performance and growth potential. This year's judging panel continues to consist of partners from EY's member institutions in China, as well as senior experts and scholars from the School of Management at Fudan University.Dr. Wang Xin, who has served as a member of the independent judging panel for the Ernst & Young Entrepreneur of the Year several times, also serves as an industry advisor to this year's independent judging panelThe comprehensive strength of potential enterprises is evaluated from aspects such as 'good future growth prospects and sustainable development', 'national and international development', and 'distinct competitive advantages'. This selection process, which has been ongoing for eleven years, has become an activity with wide social influence and profound economic significance due to its open and authoritative selection criteria.
Dr. Wang Xin attended the EY Fudan Most Promising Companies 2021 Awards Ceremony
Bis Cong, Partner-in-Chief of EY Greater China, said: "In the post-pandemic era, changes in the social environment and continuous technological progress have had a huge impact on the trend of industry development, bringing new opportunities and challenges to enterprises. A group of companies with disruptive creativity are actively responding to the national call for Industry 4.0 and 'Made in China 2025', vigorously promoting deep reforms in information digitization. We are delighted that this selection event has once again received widespread support from all sectors of society and enthusiastic responses from emerging enterprises. At the new starting point of the '14th Five-Year Plan', we believe that more companies will be able to seize the new opportunities emerging from change, jointly promoting the Chinese economy towards higher-quality development."
He Zhaofeng, Chairman of the EY Fudan Most Potential Enterprise Selection Project and Managing Partner for EY's Listed Companies in Greater China, said: 'Since the beginning of this year, emerging high-tech industries such as domestic information technology, artificial intelligence, high-end equipment, energy conservation and environmental protection, as well as biomedicine, have shown extraordinary potential, with growth rates far exceeding those of traditional industries. The grand blueprint of Digital China is taking shape. A new round of scientific and technological revolution is gradually deepening, giving rise to more new industries, new business forms, and new business models, which also provide continuous and strong new momentum for expanding employment. With the extensive and deep integration of digital technology and industrial economy, as well as the continuous improvement of the country's digital governance capabilities, we believe that the scale of China's digital economy will continue to maintain steady and rapid growth in the future.'
Group photo of Dr. Wang Xin, Mr. He Zhaofeng, some awarding guests and some winners
Group photo of Dr. Wang Xin, some awarding guests and some winners
