At a time when the global economy and technology are constantly changing, the release of the 2024 Forbes China Best CEOs list not only shows the demeanor of China's business leaders, but also reveals the current market trends and business vanes. In this high-profile list, we can see some notable features and trends, especially in the new energy and semiconductor industries. China Exportsemi Web will sort out some conclusions from different perspectives and share them with readers.
Breakthroughs in new energy technologies and the leadership of CEOs
New energy technology is the inevitable path to achieve carbon peak and carbon neutrality. According to the report "Opportunities and Challenges of New Energy Technology Research", global research in the field of new energy is entering a period of accelerated development, and the three fields of solar energy, energy storage and hydrogen energy have received extensive global attention. China's technological innovations and disruptive breakthroughs in these fields are continuing to change the world's energy landscape.
BYD's Wang Chuanfu and Inovance's Zhu Xingming, as the only two CEOs on the list to be selected for four consecutive years, are typical examples of this trend in their continuous innovation and market performance in the field of new energy. BYD's fifth-generation DM-i system boosts the range of plug-in hybrid vehicles to 2,100 kilometers, demonstrating China's leading position in the global competition of new energy vehicles.
Innovation-driven in the semiconductor industry
As the core of the information technology industry, the semiconductor industry's technical level and development scale have become an important indicator to measure a country's industrial competitiveness and comprehensive national strength. In the 2024 Forbes China Best CEOs list, CEOs in semiconductor-related industries performed outstandingly, reflecting the strong development momentum in this field.
With his innovation and market performance in the field of smartphones and electric vehicles, Lei Jun of Xiaomi Group once again proved that technology and innovation are key factors that drive the development of enterprises. The hot sales of Xiaomi's first electric car, the SU7, not only cleared the market's doubts, but also promoted the impact of the "stardom" of the CEO on the corporate marketing paradigm.
The strong comeback of consumer companies
The share of consumer CEOs in this year's list has increased significantly, mainly due to the strong return of a group of CEOs of consumer durables. Fang Hongbo of Midea Group re-entered the top 10 of the list after a two-year hiatus with the company's outstanding global growth momentum and outstanding performance in the capital market. This phenomenon shows that the competitiveness and influence of consumer companies in the global market are gradually increasing.
The rise of female leadership
This year, seven women were selected on the Forbes China Best CEO list, nearly twice as many as last year. Among them, Haidilao's Yang Lijuan, since she was appointed in 2021, she has brought the company back on the growth track in just three years. In 2023, Haidilao's overall revenue will be 41.453 billion yuan, a year-on-year increase of 33.6%; The after-tax profit for the year was as high as 4.495 billion yuan, a year-on-year increase of about 174.6%. This achievement not only demonstrates the leadership of female CEOs, but also sets an example for other companies.
Conclusions and prospects
The release of the 2024 Forbes China Best CEOs list not only showcases the leadership of China's business community, but also reveals the current market trends and business vane. With the rapid development of the new energy and semiconductor industries, CEOs in these fields are leading enterprises to a higher stage of development. We have reason to believe that these outstanding Chinese entrepreneurs will continue to lead their enterprises to a higher peak and showcase the strength and demeanor of Chinese enterprises on the international stage.
Figure: The complete list of 2024 Forbes China's Best CEOs
