The Research of the Development of the Hubei Manufacturing Enterprises in SME Board

Abstract

As in recent years the deepening reform and opening-up and the accelerated economic development of Hubei region as well as the vigorously advocate of the government for innovation and enterpreneurship, small and medium-sized manufacturing enterprises have already becoming a nucleus of pushing the rapid economic development in Hubei. This paper explores the whole development status of the Hubei Manufacturing Enterprises in SME Board through the analysis of eight aspects of the 186 Hubei Manufacturing Enterprises in SME Board Regularly Operated and Annual Report Disclosure in 2017, which finds out that currently Hubei Manufacturing Enterprises in SME Board concentrate to the developed region, the overall education background of the employees is low and most of the enterprises are private enterprises with labor-intensive economy, the financial situation reflects the characteristics of industry differences. Enterprises should accelerate upgrading and transformation, enhancing the market competitive ability, at the same time the government should carefully study, formulating encouraging and supporting policies suitable for different enterprises and industries, strengthening supervision and management of SME board market in order to attract more outstanding small and medium-sized manufacturing enterprises, accelerating the development of manufacturing industry in Hubei.