Solid Industrial foundation
In order to expand diversified industries and strive to build a highly competitive city for manufacturing, Yantai has established five competitive industries including machinery manufacturing, electronics & IT, food processing ,gold,modern chemicals as well as ten product clusters including automobile, ship, computer, mobile phone, wine, etc.
Machinery Manufacturing
There are 636 related businesses which annual sales are over 20 million RMB Yuan each, with a total main business revenue of 50.8 billion US dollars in 2015. Fast-developing sectors are automotive industry, marine engineering and shipbuilding, as well as construction machinery. Major manufacturers include Shanghai GM Dongyue Auto Co, Ltd, CIMC Raffles Offshore Co., Ltd, DSME Shandong Co., Ltd and Doosan Infracore Ltd.
Electronics & IT
There are 147 related businesses which annual sales are over 20 million RMB Yuan each, with a total main business revenue of 39.5 billion US dollars in 2015. The products include computer, communication equipment, electronic parts, electronic materials, software, information appliances, etc. Major manufacturers include Foxconn (Yantai) Scientific and Industrial Park, Langchao LG Mobile Communications Co, Ltd, Yantai Zhenghai Electronic Screen Co, Ltd, New Kinpo Group, Dongfang Electronics Co, Ltd.
Foodstuff Processing
There are 506 related businesses which annual sales are over 20 million RMB Yuan each, with a total main business revenue of 29.5 billion US dollars in 2015. The products include wines and liquors, fruit juice, fresh vegetables, aquatic products, animal products, edible oil, Vermicelli, etc. Major manufacturers include Yantai Longda Group Ltd, Yantai Changyu Group Ltd, Yantai Siwin Food Co, Ltd, Yantai Luhua Group, Ltd.
Gold
Both the reserve and production of gold in Yantai are No. 1 in China. A gold industrial chain, including gold mining, smelting, processing and mining machinery, is taking shape. There are 77 related businesses which annual sales are over 20 million RMB Yuan each, with a production of 174 tons of gold and a total main business revenue of 26.6 billion US dollars in 2015.major manufacturers include Shandong Gold Group, Shandong Zhaoin Group, Penglai Jinchuang Group, Shandong Zhongkuang Group.
