The list of Haimen's top 100 industrial companies of 2020 was released on Feb 18. Conch Cement topped the list with 110 million yuan ($16.95 million) in paid taxes. 

Twenty-one companies made the list for the first time, and 34 of the other 79 moved up in the ranking. Jiangsu Dayi M&E Tools Co leaped to fourth place, 32 places higher than in 2019, while another 10 companies moved up more than 20 places.

Statistics show that the top 100 industrial companies generated 47.58 billion yuan in taxable sales revenue in 2020, up 16.3 percent year-on-year and accounting for 32.2 percent of the district's total industrial taxable sales revenue last year.

Six of these companies brought in more than 2 billion yuan each.

In recent years, Haimen has been working to cultivate industrial giants by introducing major projects, encouraging sci-tech innovation, and encouraging companies to go public.

In 2020, 30 projects each worth more than 1 billion yuan got underway. Almost all companies that made the list launched new projects last year.

This year marks the first year of the 14th Five-Year Plan period (2021-25), and the local government aims to cultivate 20 industrial companies with more than 1 billion yuan in taxable sales revenue, including seven earning at least 3 billion yuan.

The district also issued a series of measures on Jan 20 to strengthen support for companies that go public.