Exciting News | BATF Once Again Ranks on the "2024 Guangdong Top 500 Enterprises List"

On September 20, the Guangdong Enterprise Federation and the Guangdong Entrepreneur Association held the "2024 Guangdong Top 500 Enterprises Development Conference" in Guangzhou. The event focused on the theme of "Promoting Comprehensive Deep Reform and Building World-Class Enterprises," where the "2024 Guangdong Top 500 Enterprises List" and its development report were released.

Strong Development Potential and Steady Improvement in Comprehensive Strength

The Guangdong Top 500 Enterprises List and Development Report have been published for 19 consecutive years, serving as a guiding star for Guangdong’s economic development and a barometer for leading enterprises.

According to the report, the total operating revenue of the top 500 enterprises reached 18.73 trillion yuan, an increase of 0.37% from last year. Net profits amounted to 1,173.49 billion yuan, reflecting a 6.84% increase compared to last year, reversing the decline in net profits over the previous two years. This marks the first positive growth in three years. Notably, the number of manufacturing enterprises among the top 500 reached 267, an increase of 8 from last year, accounting for 53.40%, highlighting the significant role of the manufacturing sector as a core support for the province's economy.

As a local manufacturing enterprise in Guangdong, BATF ranked 225th on the "2024 Guangdong Top 500 Enterprises" list, climbing 8 positions from last year. This not only serves as strong evidence of BATF's steady improvement in comprehensive strength but also showcases its robust development potential and momentum.

Emphasis on Innovation and R&D, Focused on Core Technology Breakthroughs

The report indicates that the revenue of the 2024 Guangdong Top 500 Enterprises has shown steady progress, with significant improvements in quality and efficiency. Investment in R&D continues to increase, with total R&D expenditures for the top 500 enterprises reaching 636.53 billion yuan, up 35.13% year-on-year. The R&D intensity for these enterprises is 3.4%, an increase of 0.87 percentage points from last year, with nearly half of the enterprises seeing an increase in their R&D investment intensity.

It is evident that leading enterprises in Guangdong are placing increasing emphasis on R&D innovation and vigorously developing new productive forces. As a leading enterprise in the water-based emulsion segment, BATF has established a "South China + East China" dual-drive R&D model, transitioning from a singular focus on product development to an innovative R&D technology platform encompassing "innovative research + new business incubation + platform technology development + product development," providing robust support for technological innovation. Furthermore, as a national high-tech enterprise, BATF is committed to implementing a technology innovation strategy, cultivating core technologies with independent intellectual property rights, and building an innovative R&D system aimed at breakthroughs and applications of core technologies.

By continuously developing new technologies and processes, BATF enhances product performance and quality. Additionally, to broaden its avenues, BATF has increased talent acquisition in sectors such as water-based industrial and new materials, building a strong expert team. The company is also gradually increasing relevant R&D investments, upgrading R&D equipment, and enhancing testing capabilities, fully committing to innovative R&D in new fields to support the development of new businesses.

Leading New Development Trends, Building Core Competitiveness

Founded in 2000, BATF has undergone 24 years of steady development and has become a national high-tech enterprise with "1 headquarters + 8 major production bases + 2 major innovation R&D centers." It is currently the largest integrated enterprise for the research, production, and sales of water-based emulsions in Asia. This year, BATF, as the only emulsion brand, achieved a brand value of 32.555 billion yuan, making it a five-time consecutive winner in the "Top 500 Most Valuable Brands in China."

BATF consistently adheres to a "customer-centric" approach, not only innovating and developing new products to meet market demands but also providing product solutions to enhance market experiences. This has led to the formation of unique competitive advantages in the industry, making BATF a leader in the water-based emulsion field. Currently, BATF is actively expanding into international markets, speeding up its entry with initiatives such as the inaugural overseas product technology exchange seminar and participation in the 2024 Asia-Pacific International Coatings Exhibition.

The scope of product exports is continuously expanding, with products now reaching countries and regions including Vietnam, Malaysia, Taiwan, the Philippines, Singapore, Cambodia, Thailand, Russia, the United States, Australia, Algeria, and the United Arab Emirates, achieving significant global strategic strides.

BATF is committed to "promoting the water-based transformation of global coatings," leading new trends in the development of water-based coatings. From Guangdong to nationwide and then to global outreach, BATF keeps pace with the times, adhering to innovation, deepening reforms, and solidifying internal capabilities to build core competitiveness. The company is steadfastly moving towards its vision of "creating excellence and being a respected enterprise." In the future, BATF will continue to lead with innovation, vigorously develop new productive forces, and continuously enhance its comprehensive strength to contribute to the high-quality development of Guangdong’s economy.