2011 Yantai Wanhua Ranking Top 3 in the 100 Chinese Innovative Enterprises

In 2012,  the TOP 100 Innovative Enterprises is published in Report on Development of Chinese Innovative Enterprises 2011, as it is reported that , ZTE, Huawei and Yantai Wanhua ranked top 3. The report is officially issued with the support of the Ministry of Science and Technology and other departments .
This ranking is measured and calculated based on the Tech-Innovation Dependence Index. The index system includes four quantitative indexes, R&D funding intensity, quantity of patents for invention held by one thousand R&D personnel, proportion of sales revenue of new products (processes, services) in prime operating revenue, overall labor productivity, and one qualitative index, innovation organization and management.