现在就是未来

21 The Future Stars

忘掉那个令人气短的“世界工厂”的标签吧,我们的“未来之星”代表了今天中国经济中最活跃大胆、最勇敢无惧、最具创造力和想象力的因子。

The '21 Future Stars-fastest growing new-emerging enterprises' program, a survey organized solely by China Entrepreneur magazine since 2001 and aiming to discover new star enterprises in China, comes into its sixth term. Comparing with past years, we witnessed some encouraging new findings: Innovation plays a key role, a flock of venture capital has becomes the pillar investment and the flexibility has been enhanced. 76. 47 percent of this year's 21 star companies have received venture capital investment, a ratio much higher than last year's 44.44 Meanwhile, the star companies are also facing tougher environment in intellectual property rights (IPRs) protection and (M&As). Some companies have actually experienced again an even faster growth after successfully handling PR and M&A issues. This year, we picked up 100 candidates in a vast pool of over 10,000 small and medium-sized companies across the country. The selection standard includes: founding year, revenue scale, growth rate, (IPO) year and the shareholder structure. Companies included in the program should be founded within the past ten years in China, not publicly listed or listed within one year and have experienced continuous growth in 2003-2005. Operation revenue should be no less than 50 million but no more than 1 billion yuan in 2005. 100 experts and industry insiders were invited to form a judge commission to rate the candidate companies according to five benchmarks, namely the current market position of the candidate comparing with peer companies, the internal management and capital operation, the growth potential of the company, the innovation ability in technology, marketing and corporate governance and the potential of becoming an leader in terms of technology innovation and marketing. 43 candidates replied our survey and 49 valid judge reports were received till May 10th, 2006. The final list is thus produced based on the judge commission's ratings. However, some decline to publicize their financial details because of being in the silence period before IPO or other special reasons. Now let's have a quick look on some leading companies in the star list: