Jinan private enterprises strengthen presence in national rankings

Jinan-based private enterprises continue to show strong industrial competitiveness, with three of them making China's latest rankings of top 500 private enterprises.

The All-China Federation of Industry and Commerce recently released its 2026 rankings of China's top 500 private enterprises, the top 500 private manufacturers and the top 100 private service enterprises. Two Jinan companies – Jiuyang Group and Qilu Pharmaceutical Group – made the top 500 Chinese private enterprises.

Jiuyang Group ranked 223rd nationwide, with revenue exceeding 54.09 billion yuan ($8.07 billion) in 2025. The Jinan-based steel manufacturer operates across mining, coking, metallurgy, and intelligent manufacturing, and continues to expand in the specialty steel sector.

Qilu Pharmaceutical Group ranked 349th, with its annual revenue surpassing 37.11 billion yuan. The company has increased investment in innovative drug R&D, strengthening its position in advanced pharmaceutical production.

Both companies were also included among China's top 500 private manufacturers. Joining them was SQ Group, headquartered in Zhangqiu district. The company specializes in synthetic resins, composite materials, and bio-based new materials.