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Jiaxing Goes All out in Economic Sprint for a Good Start

Release date:2025-04-21 10:35

With the new year kicking off in full gear, Jiaxing is racing to secure a robust economic start. Factories across the city are bustling with energy as returning workers dive into production with renewed vigor. Industrial enterprises have hit the “accelerator button,” ramping up output and fulfilling orders to drive economic growth.

As of February 12th, Jiaxing’s industrial production recovery rate has surged to 98.9%, marking a 1.2 percentage point increase compared to the same period last year and securing the city the third spot in Zhejiang Province. The resumption rate of industrial enterprises has climbed to 99.6%, up 0.2 percentage points year-over-year, also ranking third in the province. Meanwhile, production capacity utilization has reached 77.6%, placing Jiaxing second in Zhejiang Province.

With unwavering confidence, Liu Shiwei, Chairman of Zhejiang Dehong Carbon Fiber Composite Materials Co., Ltd. located in Weitang Subdistrict, Jiashan County, announced, "Our state-of-the-art facility is set to commence operations by the end of February, with a robust order book extending through April."

Dehong Carbon Fiber, a specialist in the research and production of carbon fiber composites, embarked on the construction of its new 24.1-acre facility in late February last year. Remarkably, the company completed the entire factory complex in just 10 months. According to Chairman Liu Shiwei, production equipment began arriving before the Spring Festival, and construction continued uninterrupted throughout the holiday period. Currently, 30% of the equipment has been installed and is undergoing trial operations. Upon full operational capacity, the facility is projected to produce 1,500 tons of carbon-carbon composite materials annually, effectively doubling the company's output value.

In 2021, Liu Shiwei established Dehong Carbon Fiber with a dedicated team of 10 R&D experts, leasing over 20,000 square meters of space in the China-Singapore Jiashan Modern Industrial Park to develop an annual production capacity of 1,000 tons of advanced carbon fiber composites. The company quickly made its mark, surpassing 100 million yuan in output value the following year.

Leveraging its innovative production process, Dehong Carbon Fiber has significantly reduced manufacturing cycles from 70 days to just 25 days, while maintaining an impressive annual R&D investment-to-sales ratio of 7%. Its cutting-edge products, including non-densified support rings and molded crucible holders, have rapidly gained widespread market recognition, solidifying the company’s position as a leader in the carbon fiber composites industry.

The year has kicked off with a major order for Zhejiang Forsol Energy Co., Ltd., located in the Tongxiang Economic Development Zone (Gaoqiao Subdistrict). The company is operating at full capacity, with its smart production lines churning out a steady stream of black plastic boxes featuring distinctive “tails,” destined for photovoltaic power stations across the country.  

Forsol specializes in manufacturing photovoltaic junction boxes, photovoltaic connectors, high-voltage wiring harnesses for new energy vehicles, semiconductor packaging, and cables. “Right at the start of the year, we secured a significant order worth 150 million yuan, and another order of nearly 70 million yuan is almost finalized!” said a company representative, highlighting the company’s strong momentum as it begins the new year.

Similar momentum is seen across Jiaxing. In Xiuzhou District, Tiankang Technology Co., Ltd. (Tecfor care) is bustling with activity, reporting a 20% year-on-year increase in orders for the first quarter of this year. Meanwhile, in Haiyan County, Danfoss Power Solutions (Zhejiang) Co., Ltd. is experiencing overwhelming demand, with its production lines fully booked through the second quarter.  

Industrial stability underpins economic resilience. Since the beginning of this year, Jiaxing has witnessed a new wave of production activity, further solidifying the momentum of industrial economic development. Currently, Haining’s power grid load has rebounded rapidly, with all large-scale industrial enterprises having fully resumed operations. At Zhejiang Zhongling Technology Co., Ltd., the scene is one of intense focus and efficiency. Within its 4,000+ square meter Class 1,000 cleanroom, equipment for lithography, development, etching, and inspection operates at full capacity. Technicians are intently monitoring computer screens, while engineers meticulously inspect the automated production line’s operational status.

"We are fully confident in achieving a strong start to the year," said Zhao Mingxuan, Vice President of Zhejiang Zhongling Technology Co., Ltd. During the Spring Festival holiday, the company’s core equipment remained operational, with over 100 employees on duty to ensure timely order delivery. By February 10th, the entire workforce had returned to full operations. "At the end of 2024, we achieved a major breakthrough in new product development, and this year, our orders continue to grow steadily," Zhao added, expressing strong optimism about the company’s future. In 2024, the company achieved an output value of nearly 200 million yuan. Looking ahead to 2025, Zhongling Technology plans to expand into international markets, with projected annual output expected to double compared to 2024.

In recent days, Jiaxing has been methodically advancing the resumption of work and production across enterprises, with industrial electricity consumption showing a steady upward trend. As of February 12th, the city’s industrial production recovery rate reached 98.9%, securing the third-highest ranking in the province.  

"Jiaxing has prioritized major national projects, key area security, and post-holiday production resumption," said a spokesperson from the Jiaxing Economic and Information Bureau. "We’ve strengthened monitoring and coordination, deployed liaison officers for 'one-on-one' enterprise support, and conducted targeted assistance before, during, and after the holiday to address needs swiftly." To support these efforts, the Bureau formed nine guidance teams, collaborating with emergency management, transportation, and human resources departments. These teams ensure adequate material reserves, safety guidance, smooth logistics, and workforce adjustments to balance labor surpluses and shortages, enhancing service efficiency.                                                              

Additionally, Jiaxing has intensified efforts to stabilize expectations by bolstering policy support. The city has launched a comprehensive action plan for a "stable start" to the industrial economy, accelerating the release of policy benefits to drive sustained growth.