On February 13, the Wenzhou Economic and Information Bureau announced that Wenzhou’s total industrial added value reached 300.37 billion yuan in 2024, marking a breakthrough of the ¥300 billion threshold for the first time. Notably, the value added of industrial enterprises above designated size (annual revenue ≥ 20million yuan) reached 173.69 billion yuan, a year-on-year increase of 10.2%, with an increment of 11.71 billion yuan. This achievement elevated Wenzhou’s share of Zhejiang’s total industrial added value by 0.5 percentage points, achieving first place in growth rate, increment, and share increase—a historic milestone.

In 2024, Wenzhou advanced its “Stronger City Action” to drive industrial revitalization, scaling up 100-billion-yuan industrial clusters, 10-billion-yuan projects, and 100-million-yuan enterprises—collectively forming the “Billion-Yuan Matrix”. Guided by the “1+10” high-quality industrial development plan and the “Chain Leader System 2.0”, Wenzhou intensified efforts to advance the “336X” strategy, enhancing the integration of industrial and innovation chains, digital empowerment, and green development to foster new quality productive forces. Key sectors saw significant progress: electrical equipment manufacturing surged to 292 billion yuan, approaching the 300-billion-yuan mark, while automotive components became a 100-billion-yuan cluster with output exceeding 120 billion yuan.

With the implementation of the “data-driven land allocation 2.0” initiative the industrial land project management system covering the entire lifecycle from admission, supply, regulation, to exit has been continuously refined. This has expanded the available land for industrial development, providing ample space for major projects. On December 26 last year, the East China Deep-sea Wind Power Mother Port Project commenced at Zhuangyuan’ao Port, Dongtou District. As China’s first deep-sea wind power mother port project, it aims to develop a 100-billion-yuan wind power industrial cluster by 2030, supporting Wenzhou’s efforts in building full industrial chain for nuclear, wind, solar, water, and hydrogen storage. Additionally, a number of significant projects, including Fudi Battery, Zhejiang Weiming Shengqing New Energy Materials, Chint High-Efficiency Photovoltaics, and SPIC Heterojunction Project, have been completed and put into operation. As a result, manufacturing investment grew by 13.7% in 2024, ranking first in Zhejiang and setting a historic record.

To empower enterprises, Wenzhou continues to build a SME-friendly city and a specialized, high-end and innovation-driven city. It has systematically built a “six-in-one” enterprise support service system, introducing innovative measures such as the “data-driven land allocation 2.0” initiative and the Dewdrop Project to reduce burdens and costs for businesses, ensuring a strong foundation for enterprises to grow and thrive. The club for key enterprises with an annual output value exceeding 100 million yuan has been expanding steadily. In 2024, Wenzhou added 117 enterprises with revenue exceeding 100 million yuan(1,643 total), 13 enterprises with revenue over 500 million yuan (225 total), and 7 enterprises with revenue exceeding 1 billion yuan (93 total). Notably, Zhejiang Zheneng Yueqing Power Generation Co., Ltd has become a 10-billion-yuan enterprise.