Good News | Suzhou Zhaohe Huanneng Named "2023 China's Invisible Unicorn Enterprise"

On June 26, the "2023 China's Top 500 Invisible Unicorn Conference" was held in Wuzhong District, Suzhou, supported by the China Economic Development Research Association, the List of Chinese inventions Association, the China Investment Association, the China Society of Automotive Engineering, and the China Artificial Intelligence Society, and sponsored by the China Private Enterprise Research Center of Renmin University of China. Suzhou Megaunity Huanneng Technology Co., Ltd. has been awarded the title of "2023 China Invisible Unicorn".


Certificate awarded to representatives of Chinese invisible unicorn enterprises at the conference


Ding Lixin, secretary of Suzhou Wuzhong District Party Committee, said that unicorn enterprises are typical representatives of scientific and technological innovation enterprises and Weather vane to measure regional innovation ability and innovation ecology, while invisible unicorn enterprises are an important backup force for unicorn enterprises and are scientific and technological innovation enterprises with growth potential.

In recent years, Wuzhong District has always adhered to the development strategy of "science and technology is the first productive force, talent is the first resource, and innovation is the first driving force", deeply implemented the development strategy of "industrial strength, innovation leadership", and built a cultivation echelon from technology-based SMEs, high-tech enterprises to unicorn enterprises and listed enterprises. As of now, a total of 24 unicorn and potential unicorn enterprises at all levels have been cultivated, showing rapid growth in quantity, new industrial fields, and sufficient vitality in the development of enterprises.


Ding Lixin, Secretary of Suzhou Wuzhong District Party Committee

The evaluation criteria for Chinese invisible unicorn enterprises in 2023 are:
1. The company's valuation is between RMB 200 million (inclusive) and USD 1 billion;
2. Possess innovative or disruptive technologies;
3. Having a business model that is difficult to replicate;
4. Established for about 5 years;
5. In line with current policy guidance, there is no significant negative public opinion.
This evaluation marks that Suzhou Megaunity Huanneng Technology Co., Ltd. has a certain level of leadership in the industry in terms of business capabilities and technological innovation capabilities, and is a technology innovation oriented enterprise with growth potential.

Suzhou Megaunity Huanneng focuses on providing air system solutions for industrial production environments. With internationally advanced equipment, excellent talents and technology, an internationally certified quality management system, and advanced design software and production processes, the company's products have reached industry advanced levels in terms of quality, performance, appearance design, and other aspects. They have rapidly developed in the fields of lithium battery manufacturing and marine ventilation, and are exported to Southeast Asia and Europe markets. The company was selected as the "2022 Suzhou Innovation and Entrepreneurship Leading Talent Plan" in August 2022. In the future, Suzhou Megaunity Huanneng will firmly lead development with technology, continuously improve its core competitiveness, and strive to be the first to achieve intelligent energy management in domestic factories.

(Photo from: "2023 China's Top 500 Invisible Unicorn Conference held in Wuzhong" @ released by Wuzhong)

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