Of Guangzhou's total number of State-owned enterprises, 83 are time-honored. Among them, there are 29 time-honored Chinese brands, accounting for 83 percent of the city's total and 51 percent of Guangdong province's total.

In 2022, the 83 time-honored enterprises achieved an operating income of 64.64 billion yuan and a total profit of 4.22 billion yuan. By the end of 2022, their total assets reached 70.69 billion yuan and their net worth reached 34.86 billion yuan.

These 83 time-honored enterprises mainly covered three aspects: catering and food, accounting for 29 percent; processing and manufacturing, accounting for 28 percent; and medicine, accounting for 22 percent. Altogether, these enterprises account for about 80 percent of the total number of time-honored brands in Guangzhou.

A time-honored enterprise is a historical and cultural symbol, as well as an important economic resource for Guangzhou. It is also a big part of people's memory and the city's image.

The average maturity of the 83 time-honored brands is 106, and 26 of them have existed for more than 100 years.

The Chen Liji Museum of traditional Chinese medicine. [Photo/WeChat account: GZWS411665430]  

The Lianxianglou Shawan Ancient Town Branch. [Photo/WeChat account: GZWS411665430]