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On August 15, the "2024 High-Growth Enterprise Forum·In-depth Research and Full Media Report on Gazelle Enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area" was launched. This is also the fifth consecutive year that Southern Finance and Economics Media Group has conducted research and reporting on gazelle enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area.

Recently, the Third Plenary Session of the 20th CPC Central Committee proposed to strengthen the leading role of enterprises in scientific and technological innovation, and clearly stated that a mechanism should be established to promote the development and growth of "specialized, refined, special and innovative" small and medium-sized enterprises. Subsequently, the Central Political Bureau meeting at the end of July, when deploying economic work in the second half of the year, once again emphasized the need to effectively support the development of gazelle enterprises and unicorn enterprises.

Gazelle companies, which are small in size but run fast and jump high and are resident in many science and technology industries, have become an important force in developing new quality productivity.

The Guangdong-Hong Kong-Macao Greater Bay Area, one of the most open and economically dynamic regions in China, is home to a large number of gazelle companies, and also places its hopes for innovation on these companies. Currently, 69 unicorn companies and thousands of specialized, innovative "little giants" have emerged from these gazelle companies.

How are gazelle enterprises made? What kind of resources do they need to grow? What else does the Greater Bay Area need to do to make them take root and gather here more firmly? How can the Guangdong-Hong Kong-Macao Greater Bay Area find the power of high economic growth from these gazelle enterprises?

In order to clarify these issues, this year, the high-growth enterprise forum and in-depth research on gazelle enterprises in the Guangdong-Hong Kong-Macao Greater Bay Area have been upgraded again. Together with financial institutions, industry experts, and industry associations, we have issued a call for submissions to Guangdong's "20+5" industrial clusters, hoping that high-quality enterprises, financial institutions, and government departments will actively recommend themselves or participate in the research activities. In addition, a series of brand forums and salon activities will also be held simultaneously to help enterprises be further seen and discovered, and smoothly connect to the key resource elements of innovation and development.

This is also a three-dimensional decoding of Guangdong's "manufacturing dominance" and a journey of exploration of the new quality productivity of the Greater Bay Area.

Go deep into the front line: Dialogue on the new quality productivity of the Bay Area

In recent years, home furnishing, home appliances, and electronic information, as traditional pillars, have entered a period of transformation and shock, while emerging industries are increasingly taking a J-shaped curve. A new round of industrial restructuring has affected Guangdong.

The urgency of momentum transformation in the Guangdong-Hong Kong-Macao Greater Bay Area continues to increase, and the fundamental driving force behind it lies in enterprises.

A high-growth enterprise acts as a "vanguard" to test the waters, lead an industrial chain, and grow an emerging industry. This is also the development logic that the Greater Bay Area has followed for a long time.

For example, in 2017, Guangzhou, facing a lack of UHD upstream and downstream, introduced the content production company 4K Garden and formed an industry alliance under its leadership to promote collaborative research across the entire industry chain and attract more companies on the chain to set up shop in the Greater Bay Area. By 2023, UHD video will have become a quasi-trillion-dollar industry in Guangdong. 4K Garden was also one of the subjects of the third issue of the High Growth Enterprise Forum.

Therefore, Guangdong has always attached great importance to the introduction and cultivation of high-growth enterprises. In the "20+5" industrial cluster action plan documents released at the beginning of the year, enterprises are the common starting point. In recent years, the enterprise gradient cultivation measures have been continuously upgraded. On July 23, the "Guangdong Province High-quality Small and Medium Enterprises Gradient Cultivation Management Implementation Rules" was released, further emphasizing the financial support, exclusive financing services, digital transformation, etc. for related enterprises.

So far, Guangdong has grown 1,528 specialized, sophisticated, innovative "little giant" enterprises, more than 27,000 "specialized, sophisticated, innovative" small and medium-sized enterprises, and more than 42,000 innovative small and medium-sized enterprises. By 2027, Guangdong's goal is to have more than 2,000 "little giant" enterprises and more than 100,000 innovative small and medium-sized enterprises.

To achieve this goal, Guangdong needs to understand how these companies grew up; how they entered emerging fields that were "unprecedented" or found booming blue ocean markets in traditional industries.

Southern Finance has conducted research on high-growth companies in the Greater Bay Area for five consecutive years in order to decode the growth of this group.

In each survey in previous years, Southern Finance has focused on emerging industries such as new energy, biomedicine, and high-end equipment. This year, in addition to the booming emerging industries, the focus has further shifted to innovative transformers in traditional industries and pioneers in future industries. This also constitutes a more comprehensive understanding of new quality productivity.

It is also worth noting that the research and reporting objects of this project are not giant leading companies, but small and medium-sized enterprises scattered in various key links of the industrial chain. They have demonstrated a high degree of innovation and vertical specialization, which is more valuable for other companies to learn from. In addition, they cut into the niche track, conduct long-term research, and finally cultivate a very promising market.

For example, in previous reports, Guangdong Mo Rui Technology Co., Ltd. focused on the development of graphene applications and became the world's first company with a full industrial chain from graphene raw material preparation to graphene thermal conductive film; Guangzhou Side Medical Technology Co., Ltd. has been focusing on early screening and diagnosis of gastric cancer for 16 years and developed the world's first smart capsule gastroscopy system suitable for home scenarios...

In the long run, the growth of gazelle enterprises is not only a successful entrepreneurial model, but also a way to "fill in the gaps" and "extend the chain" at key points in the industry.

Take Guangdong New Creative Technology Co., Ltd. as an example. With a small incision like heat pipes, this company has seized the current booming artificial intelligence industry and provided necessary components for high-computing and high-power application scenarios. Its founder Chen Chuangxin revealed that with the explosion of downstream industries, the company's revenue compound growth rate has reached 86.4% in recent years.

Build a platform: focus precious resources on enterprises

What resources do high-growth companies need? Complete industrial supporting facilities and close upstream and downstream collaboration are essential. Many company leaders told Southern Finance that when they first moved in, integrating into the local industrial chain was a difficult point. In particular, large chain-leading companies in the Greater Bay Area often have their own vertical industrial chains, making it difficult to accept external companies.

Funding also plays a vital role in attracting and nurturing enterprises.

Especially in extremely money-burning cutting-edge fields, sufficient financial support provides companies with the confidence to continue scientific research. It is a necessary condition for companies to smoothly pass through the "death valley" and is often the core consideration for companies when choosing a city.

For example, 4K Garden has received support from Guangdong's New Media Fund and Shenzhen's Qianhai Mother Fund. Chairman Wu Yi said with emotion: "It is unimaginable that so many institutions trust and support a high-tech enterprise in its early stages of development." In the early days of Guangdong Yuanxin Regenerative Medicine Co., Ltd., the start-up capital of tens of millions of yuan from angel investors solved the urgent problem, and multi-channel government scientific research funding support was also indispensable...

In fact, high-growth enterprises choose the Greater Bay Area because of its complete industrial chain scale, vast application market, and abundant financial institutions, venture capital funds, and industrial funds. Guangdong ranks first in the country in terms of added value of the financial industry, number of financial institutions, and balance of deposits and loans, and has the most complete manufacturing categories in the country.

Therefore, what the Guangdong-Hong Kong-Macao Greater Bay Area lacks is not resources, but a platform for connecting resources. This is exactly what Nancai Group hopes to provide by conducting research and reporting on high-growth enterprises and implementing activities for several consecutive years.

In the past few years of research, Southern Finance, as the "organizer", established the Guangdong-Hong Kong-Macao Greater Bay Area High Growth Enterprise Club, which has now welcomed several batches of member companies. This year, Southern Finance, together with financial institutions, experts and scholars, and industry associations, launched a new round of research, hoping to continue to launch a batch of in-depth research reports, establish a Greater Bay Area enterprise database, and launch a brand forum and several salons.

Among them, salons and clubs will build platforms for companies to find upstream and downstream partners; various forms of full media reports will be able to amplify the voice of these companies, help them be further seen, and attract more resources to actively gather... In the new round of investment promotion competitions, such an aggregation platform will break down the barriers between structures and regions, promote the integration of resources in the Greater Bay Area, enhance the attractiveness of companies in the Greater Bay Area, and avoid the loss of existing high-quality companies.

Including Guangdong Zhongke Anchi Biotechnology Co., Ltd., many companies that have been surveyed and reported by the project said: "In this process of being discovered and seen, we are very encouraged and it further motivates us to work hard to catch up."