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Jiaxing released five 2023 top 100 lists of private companies based on their revenue, profit, R&D investment, tax payments, and exports.

The lists were produced by the Jiaxing Federation of Industry and Commerce according to the voluntary declaration of 291 private companies with annual operating income of more than 500 million yuan ($68.49 million) in 2022.

The revenue threshold for the top 100 private companies rose by 15.73 percent to 1.31 billion yuan. The total revenue of the top 100 companies reached 956.19 billion yuan, an increase of 28.37 percent compared with the previous year. Twenty companies achieved revenues of more than 1 billion yuan.

The top 100 most profitable companies collectively reported a profit of 38.98 billion yuan, a 26.66 percent decline compared to last year. Among them, 66 companies reported profits exceeding 100 million yuan.

The top 100 R&D companies reported a total of 19.15 billion yuan in expenditures, a notable 20.17 percent annual increase. Among them, 33 companies allocated over 100 million yuan towards research and development.

The total tax payments of the top 100 taxpaying companies amounted to 28.3 billion yuan, a growth of 28.21 percent from the previous year. Among them, 40 companies paid more than 10 million yuan in taxes.

The top 100 exporting companies saw an aggregate export value of 109.85 billion yuan, a 25.63 percent annual growth. There were 10 companies with export values exceeding 2 billion yuan, an increase of three over the previous year.