August 2023 marked an important moment—Xinghuo Named Among China’s Top 500 Private Companies. Xinghuo Special Purpose Vehicle Co., Ltd. secured its position again on this respected list, an accolade officially recognized and published by the All-China Federation of Industry and Commerce. Xinghuo is an important part of the Xinghuo Group. This year, the company climbed to 317th place, gaining several spots from where it stood last year.
To make the list, a company needs yearly sales of at least 2 billion RMB. Xinghuo Special Purpose Vehicle Co., Ltd. clearly met this target. What’s more, Xinghuo remains the only company based in Suizhou to be named to the list once again.
Here’s the good news for Hubei: this year, 18 local companies made the list. That’s two more than in 2022. That puts Hubei in fifth place in China and in first place in central China.
Xinghuo Special Purpose Vehicle’s yearly sales reached 152.9 billion RMB. The company’s ranking has kept rising over time. This steady climb clearly shows that Xinghuo is now one of China’s fastest-growing private businesses.
Xinghuo Group continues to prioritize quality and steady progress. Today, Xinghuo has grown into a major player in the special vehicle field. We are also proud to represent Hubei’s strong private business community.
