The All-China Federation of Industry and Commerce (ACFIC) released the list of China's Top 500 Private Enterprises in 2023 on Sept 12.

Two enterprises from Lishui city, Zhejiang province – Zhejiang Yuanli Metal Products Group Co Ltd and Nice Group Co Ltd – were ranking 339th and 428th respectively.

The headquarters building of Yuanli Group in Lishui. [Photo/Lishui Daily]

Founded in 1991, Yuanli Group is a modern enterprise that handles ironmaking, steelmaking, rolling, cogeneration and metal products. It has more than 13,000 employees and assets worth over 10 billion yuan ($1.37 billion). It has an annual production capacity of 4.5 million metric tons of molten iron, 5 million tons of steel, and 2.5 million tons of metal products, among others.

The plants of Nice Group in Lishui. [Photo/Lishui Daily]

Established in 1968, Nice Group is a leading enterprise in China's daily chemical industry. It has more than 20,000 employees and produces various products such as household cleaning and fabric care products. It currently owns more than 10 brands and has nearly a thousand products that have been exported to Europe, Africa and other regions. It is also the official supplier of daily chemical products for the upcoming Hangzhou Asian Games.

According to the ACFIC, this year is the 25th consecutive time that ACFIC has organized large-scale private enterprise surveys. A total of 8,961 enterprises with an annual operating income of more than 500 million yuan have participated in the survey. The entry threshold for the top 500 private enterprises was 27.58 billion yuan, an increase of 1.21 billion yuan over the previous year.