Wednesday, August 10, 2005

Report on Zhongguancun

The First 6 Months


graphic courtesy of The Beijing News
(see map source here)

Zhongguancun in the First Half of 2005
Translated and adapted from the original Chinese by Tyler Rooker on August 10, 2005 for Zhongguancun Blog

“Year-to-Date Income for the Zhongguancun Science & Technology Zone Surpasses 190 Billion”
(article source)
Reporter: Zheng Jinwu of Science Times (Kexue Shibao)
Original article reported on July 28, published on July 29.

Information released by the Zhongguancun Science & Technology Zone management committee revealed that, in the first half of 2005, Zhongguancun enterprises had a total income of 191 billion yuan, representing an increase of 29.6% over last year.

Exports had foreign currency profits of 3.2 billion USD, an increase of 91% over last year.

Industrial production reached a value of 104 billion yuan, an increase of 29.8% over last year.

This income was structured in the following ways:

Product sales had an income of 121 billion yuan
Technology had an income of 25.0 billion yuan

If income is separated according to the different parks of the Zone, we find that:
Name_____________2005 Income_______Percentage of total
Haidian Park 99.9 billion yuan52.2%
Fengtai Park 23.4 billion yuan12.2%
Changping Park 12.5 billion yuan06.5%
Electronics City 17.0 billion yuan08.9%
Yizhuang 37.5 billion yuan19.6%
Desheng Park 0.78 billion yuan00.4%
Jianxiang Park 0.25 billion yuan00.1%

Enterprises in the Zone during the first 6 months of this year had total profits of 4.91 billion yuan, a decrease of 9.8% from the same period last year.

Software enterprises in the Haidian Park have had a total income of 10.3 billion yuan during the first five months of 2005.
System integration has earned 7.16 billion yuan during the same period.

Energy and conservation companies are rapidly expanding in the Changping Park. For example, three notable companies are

Great Wall Drilling Company (GWDC)
National Electricity Fuel Company (NEFC)
China National Logging Corporation (CNLC)

There are over 196 companies in the Zhongguancun Zone that have an income over 100 million yuan in 2005. These companies have 63.7 billion yuan in production value, have created 2.4 billion USD in export reserves, and have 6.5 billion in profit.

Already in 2005, 2,236 high-tech companies have been created.

There are currently 73 companies listed on the Shenzhen, Shanghai, Hong Kong, and NASDAQ stock exchanges that come from Zhongguancun.

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