Being a business is like sailing against the current. If you don't advance, you will retreat. Many companies on the list last year were squeezed by the new finalists this year and had no choice but to fall off the list. Since nearly 50 enterprises have failed in the list, we might as well choose enterprises in Shandong Province to have a look.
This year, there are six enterprises in Shandong's new list, and six enterprises have fallen out of the list, which is a very representative province. The companies that failed the list are: Shandong Chenming Paper Group Co., Ltd., Shandong Dahai Group, Dongying Lu Fang Metal Material Co., Ltd., Shandong Shengtong Group Co., Ltd., Dongying Fiona Fang Nonferrous Metals Co., Ltd. and Wantong Haixin Holding Group Co., Ltd. ... Most of them are enterprises in traditional industries.
Last year, these enterprises were on the list, and a year later, they fell out of Sun Shan. I'm terribly sorry. From these six companies, we can see some of the same reasons for falling out of the list. First, traditional industries are declining, and the number of enterprises in traditional industries on the list is decreasing. This is also very helpless. Sunset industry is so helpless; Second, enterprises that do not attach importance to R&D and innovation will disappear faster. Science and technology are the primary productive forces. If you don't develop innovation, other companies will invest heavily, which will widen the gap between enterprises. Third, slow-growing enterprises are likely to fall off the list. Enterprises in China are developing rapidly and changing with each passing day. With a little carelessness, other enterprises will overtake you and it will be difficult to catch up.