The Zhejiang Provincial Market Supervision Administration has recently released the list of enterprises for the 2026 Provincial AAA-level "Contract-Abiding and Credit-Worthy" designation, with 21 companies from Haiyan successfully making the cut. Among these, 3 are new applicants, while the remaining 18 are renewing their status, and the full list has been published for public scrutiny.
For clarity, a renewal applicant refers to a business that was previously designated as a Zhejiang Provincial AAA-level "Contract-Abiding and Credit-Worthy" enterprise in 2024 and has now applied again this year. This AAA-level designation represents the highest tier of recognition for contract compliance and creditworthiness within Zhejiang Province, underscoring the rigorous standards applied to all candidates.
According to the official implementation rules for the designation, applicant companies must be legally registered, have been in continuous normal operation for at least two full fiscal years, and possess comprehensive contract management systems. They are also required to demonstrate a solid record of fulfilling contractual obligations, maintain a clean record free of major acts of dishonesty, and achieve stable operational performance, ensuring that only the most reliable businesses are considered for this honor.
The 21 companies recognized this time have all excelled in areas such as contract credit management, performance capability, social responsibility, and legal compliance. To gain deeper insight, a visit was made this morning to Hailian Saw Industry Technology Co., Ltd., located in the Qinshan Street Industrial Park, where General Manager Feng Zichao was actively engaged in negotiations with foreign clients regarding future collaboration opportunities.
Feng shared that the company currently receives orders on nearly a daily basis, with projected output value expected to exceed 170 million yuan this year. Hailian Saw Industry Technology Co., Ltd. is one of the earliest professional manufacturers of cutting tools in China and operates as a national "Little Giant" enterprise, a high-tech company, and a nuclear-related supplier, integrating research, development, production, and sales of saw products under one roof.
The company's product range includes jigsaws, reciprocating saws, multi-purpose saws, and TCT circular saw blades, spanning 12 major categories that are sold widely in both domestic and international markets, with a market share of around 15% for its leading products. Reflecting on the importance of honest business practices, Feng noted that the company encountered significant challenges with contract fulfillment in its early years, recalling instances where partners went bankrupt due to poor management, leaving payments of hundreds of thousands of yuan outstanding for extended periods.
Feng explained that even when such disputes escalated to legal proceedings, recovering the full amount of receivables proved extremely difficult. It is precisely because of this firsthand experience with the value of credit that the company responded enthusiastically when staff from the county market supervision bureau recommended applying for the AAA-level designation, committing fully to the application process without hesitation.
The "Contract-Abiding and Credit-Worthy" recognition serves as a vital testament to a company's ability to earn long-term consumer trust and acts as an intangible "pass" in market competition. For businesses, this provincial-level credit credential not only affirms their past dedication to honoring agreements but also translates into tangible advantages in areas such as market expansion, credit support, and project bidding scenarios.
In recent years, the county's market supervision bureau has shifted its approach from passively waiting for applications to actively identifying promising candidates, incorporating businesses with solid credit foundations and strong growth potential into a key cultivation pool. A tiered cultivation mechanism has been established, structured as "A-level for foundation building, AA-level for enhancement, and AAA-level for setting benchmarks," ensuring a systematic path for corporate credit development.
Currently, the county has a total of 118 enterprises publicly listed under the designation, including 40 at the AAA level, 31 at the AA level, and 47 at the A level. The validity period for the "Contract-Abiding and Credit-Worthy" enterprise designation is two years, and during this period, the status is subject to dynamic management, with the list remaining open to supervision from all sectors of society.