On July 14th, the 2023 Best Managed Companies Awards Ceremony, themed "Evolving Excellence, A Refreshing New Look," was held in Suzhou. Levima Advanced Materials Technology Co., Ltd. was honored for the third consecutive year as a "Best Managed Company" in China. The company's Senior Vice President and Chief Financial Officer, Cai Wenquan, attended the prestigious ceremony to receive the award.
The Best Managed Companies (BMC) program, hosted by Deloitte China and co-organized by the Development Bank of Singapore, the Hong Kong University of Science and Technology Business School, the Chinese edition of Harvard Business Review, and local business associations, aims to identify and recognize private enterprises with advanced management concepts and exceptional management standards. It is currently the only international award in China that conducts a comprehensive assessment of the management systems of private enterprises. This selection process involved six months of interviews with entrepreneurs and expert research, resulting in a list of 58 companies. The total revenue of the listed companies reached 1.8 trillion yuan, accounting for about 1.5% of China's GDP, with an average compound growth rate of revenue of 17% from 2018 to 2022.
As a global top 500 new energy enterprise, one of the top 100 private petroleum and chemical companies in China, and a leading company in the characteristic industry cluster of Shandong Province, Levima Advanced Materials has been recognized for its excellent management level in strategic, capability, commitment, and financial strength dimensions. Since 2021, it has received the "Best Managed Companies" award for three consecutive years, which is a high recognition of the company's continuous improvement and optimization of its management level. Currently, Levima Advanced Materials is orderly advancing the construction of new projects in the fields of new energy materials, biodegradable materials, electronic materials, and others, gradually building itself into a platform-type enterprise in the advanced materials sector. In the future, Levima Advanced Materials will strive to form leading industrial clusters in several sub-sectors of advanced materials and is committed to becoming an outstanding enterprise in the field of advanced materials.
