On October 20, Qingdao Municipal Bureau of Private Economic Development issued the public notice Announcement on the List of the 7th Batch of National Specialized, Refined, Differential and Innovative "Little Giant" Enterprises in Qingdao and Enterprises Passing the 2025 Review for Specialized, Refined, Differential and Innovative "Little Giant" Enterprises. Thanks to its outstanding comprehensive strength, Richmat has been successfully selected and awarded the title of Specialized, Refined, Differential and Innovative "Little Giant" Enterprise!
This honor represents high recognition from national authorities and competent departments for Richmat’s dedicated efforts and innovative breakthroughs within its specialized field. It also serves as solid validation of the company’s long-term adherence to the development path of "specialization, refinement, differentiation and innovation".
Specialized, Refined, Differential and Innovative "Little Giant" Enterprises are high-quality enterprises selected through strict procedures by the Ministry of Industry and Information Technology. They act as a core benchmark for assessing the innovation capacity, market competitiveness and growth potential of small and medium-sized enterprises, and constitute key backbones among high-quality SMEs.
The selection criteria cover multiple key dimensions including corporate R&D investment, core technological strength, market share and refined management, featuring extremely high thresholds and rigorous review procedures. Richmat has stood out from numerous enterprises to claim this prestigious honor, a testament to the consistent dedication and hard work of all Richmat team members over the years.
Richmat integrates three core capabilities: independent R&D, intelligent manufacturing and global services. After its successful listing on the ChiNext Board of the Shenzhen Stock Exchange in 2023 (Stock Code: 301320), the company has accelerated technological iteration and industrial upgrading empowered by the capital market.
Leveraging the global logistics hub advantage of Qingdao’s deep-water port and the complete supply chain ecosystem for intelligent manufacturing in Shandong Province, Richmat has built a global business network covering nearly 40 countries and regions across North America, Europe, the Middle East, East Asia, Southeast Asia and South America, and established strategic partnerships with many leading enterprises in various industries.
In terms of industrial layout, Richmat has built a full industrial chain ecosystem featuring “synergistic operation of two major business groups, technological leadership by four R&D centers, and efficient output from ten modern production bases”. More than ten global branches operate in coordination, supported by over 1,600 professional talents, driving steady annual revenue growth of approximately 800 million RMB and demonstrating robust industrial integration capabilities and sustainable development potential.
In R&D and innovation, the company has assembled a high-caliber R&D team. It invests substantial funds in technological research and new product iteration every year, overcoming numerous technical challenges. Richmat has obtained more than 400 authorized patents, among which multiple core technologies reach domestically leading levels, making important contributions to technological upgrading of the domestic industry.
For refined management, Richmat has established a comprehensive full-process quality management system. Every link from raw material procurement, production and testing to delivery is executed with rigorous standards to sustain a high product qualification rate.
Richmat has set an industry benchmark in product quality and safety compliance. As the only enterprise in the industry accredited with Intertek’s Satellite Laboratory qualification, its in-house professional EMC laboratory empowers the entire R&D chain. End-to-end control spanning technical development to safety certification consolidates Richmat’s quality influence within the sector.
Winning the national title of Specialized, Refined, Differential and Innovative "Little Giant" Enterprise represents not only a prestigious honor, but also a responsibility and source of motivation. It signifies that Richmat’s development achievements have gained authoritative recognition at the national level and opens up broader prospects for the company’s future growth.
Moving forward, Richmat will take this achievement as a new starting point, continue to adhere to the development path of specialization, refinement, differentiation and innovation, scale up investment in R&D, continuously achieve breakthroughs in core technologies, and steadily improve product quality and service standards. We will fully leverage the exemplary leading role of a "Little Giant" enterprise, persistently forge ahead and strive for excellence in drive control products, electronic products and other related technical fields. Richmat will contribute greater strength to advancing high-quality industrial development and supporting the transformation and upgrading of China’s manufacturing sector.
