Good News | Shanzhi Control, a subsidiary of STEP, has been honored with the title of “Top 100 High-Growth Enterprises in Hangzhou for 2022.”
2022-10-19
Recently, the Hangzhou Industrial Economy Federation, the Enterprise Federation, and the Entrepreneurs Association (collectively referred to as the “Three Associations”) released three prestigious lists: the 2022 Top 100 Manufacturing Enterprises in Hangzhou, the 2022 Top 100 Digital Economy Enterprises in Hangzhou, and the 2022 Top 100 High-Growth Enterprises in Hangzhou. Shanzhikong, a subsidiary of STEP, has been awarded the title of “Top 100 High-Growth Enterprises in Hangzhou for 2022.”
The Top 100 High-Growth Enterprises in Hangzhou are business entities that, in 2021, had annual operating revenues between 100 million and 1 billion yuan, experienced year-on-year revenue growth exceeding 20%, and whose R&D expenditure as a percentage of operating revenue was no less than the city’s average level.
The top 100 enterprises are leaders in their respective industries. While maintaining their own growth, they also shoulder significant responsibilities, serving as pioneers of Hangzhou’s high-quality economic development and providing strong, steady momentum for the city’s urban growth.
Shanzhikong, a subsidiary of STEP, is a national-level high-tech enterprise, a national-level “Little Giant” enterprise specializing in niche and innovative products, a member of the China Textile Machinery Association, and an internship and training base for college students in Hangzhou. Since its establishment, the company has been deeply engaged in the field of motion control for many years. Its servo products enjoy high market recognition and a significant market share in application areas such as textile machinery—including computer-controlled flat knitting machines, knitted sock machines, computerized embroidery machines, and circular knitting machines—as well as CNC machine tools and industrial robots, and have already established substantial industrial-scale advantages. In 2021, four of Shanzhikong’s products, including the “High-Performance Pulse Servo Drive,” received Zhejiang Province’s certification for new industrial products.
Being named among the “Top 100 High-Growth Enterprises in Hangzhou for 2022” represents a comprehensive recognition of Zhishan’s research and development strength, revenue growth, and other multi-dimensional achievements. Looking ahead, Zhishan will continue to significantly increase its R&D investment, constantly enhancing its core competitiveness while fully leveraging its strengths in technological fields to accelerate the digital transformation of the operations and control industry.
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