Hxtl (01085) announced recently that the Shanghai Economic and Information Commission has issued the "Shanghai High-Quality Small and Medium-Sized Enterprise Grading Cultivation Implementation Rules" (Shanghai Economic and Information Standard [2022] No. 8) and, following expert review and comprehensive evaluation, released the list of the specialized, special and new small and medium-sized enterprises in Shanghai for 2024 (second batch).
According to Zhitong Finance APP, Hxtl (01085) recently announced that the Shanghai Economic and Information Commission, based on the "Shanghai High-Quality Small and Medium-Sized Enterprise Grading Cultivation Implementation Rules" (Shanghai Economic and Information Standard [2022] No. 8), and after expert review and comprehensive evaluation, announced the list of the specialized, special and new small and medium-sized enterprises in Shanghai for 2024. The company's wholly-owned subsidiary, Shanghai Zhumu Information Technology Co., Ltd., has been recognized as a specialized, special and new small and medium-sized enterprise in Shanghai for 2024.
Specialized, special and new small and medium-sized enterprises are those with characteristics of professionalism, refinement, uniqueness, and novelty, as well as possessing long-term cultivation in a specific market segment, strong innovation capabilities, high market share, and mastery of key core technologies. They are crucial supporting forces for the industry chain supply chain, incremental and dynamic forces for regional industrial development.
Shanghai Zhumu being recognized as a specialized, special and new small and medium-sized enterprise is a significant affirmation of the company's innovation in white-box cryptographic engine business. This technology not only enhances the company's R&D capabilities in digital asset trading platforms and blockchain security fields, and increases brand awareness, but also strengthens the company's market competitiveness in related business areas.
Recently, the Jiangsu Provincial Productivity Promotion Center released the evaluation results for the 2024 Jiangsu unicorn enterprises and gazelle enterprises. The company's wholly-owned subsidiary, Nanjing Zhumu Information Technology Co., Ltd., was identified as a gazelle enterprise.
Gazelle enterprises refer to those that have crossed the initial stage of entrepreneurship, relying on technological innovation or business model innovation, and have entered a period of rapid growth. They have characteristics of strong innovation capabilities, great development potential, specializing in new professional fields and fast growth speed, with long-term cultivation in a specific market segment, strong innovation capabilities, high market share, and mastery of key core technologies. They are an important force for scientific and technological innovation in China, and their level of development plays a leading role in the high-quality development of the economy and society.
Nanjing Zhumu was recognized as a gazelle enterprise in Jiangsu Province, affirming the company's innovative benefits, sustainable development capabilities, business market demonstration and driving force in the field of Internet of Things security chips and integrated circuit supply chain. This recognition will have a positive impact on the company's further enhancement of market competitiveness, increasing visibility and influence, and obtaining various nurturing support.