Emerging pump industry private enterprises are increasingly becoming the backbon

Thanks to the new stage of reform and opening up, many private enterprises that emerged early in the Jiangsu and Zhejiang regions have risen to prominence with their flexible operating mechanisms and sales networks. These private enterprises have a new system, no historical burden, and have scale in production and operation, with sales network coverage. They are gradually moving towards groupization or have successfully undergone groupization restructuring, showing a development momentum. In today's pump industry market, the number of private enterprises has far exceeded that of state-owned enterprises, and the output value of private enterprises is also much greater than that of state-owned enterprises. According to new statistics, the output value of state-owned enterprises and state-controlled enterprises accounts for only about 30%, while private enterprises account for more than 50%. The top few pump enterprises in terms of annual output value are already private enterprises. It can be said that the position of private enterprises as industry entities and market backbones has been officially established, and they will play an increasingly important role in future development.