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GB/T 41464-2022Directives for classification of high-growth enterprise (English PDF)

高成长企业分类导引

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Issued by

SAMR; SAC

Level / Type

National · Recommended

Issue date

April 15, 2022

Implementation date

November 1, 2022

Scope

GB/T 41464-2022 is the English-translated version of 高成长企业分类导引.

GB/T 41464-2022 gives the directives for classifying a high-growth enterprise. It fixes the basic conditions a company has to meet to count as high-growth and the criteria by which a gazelle company and a unicorn company are told apart, the growth of turnover, the age of the firm and its valuation among them.

It applies to the identification of gazelle and unicorn high-growth companies. Local governments, science parks, investors and statistical bodies use it. Issued on 15 April 2022, it has applied since 1 November 2022.

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Document preview — GB/T 41464-2022

National Standard of the People's Republic of China

ICS
03.080.20
Classification
A 10

Issued by: State Administration for Market Regulation; Standardization Administration of the PRC

Contents

  • Preface
  • Introduction
  • 1 Scope
  • 2 Normative references
  • 3 Terms and Definitions
  • 4 Basic conditions
  • 5 Classification basis of gazelle enterprises
  • 5.1 Indicators and categories
  • 5.2 Gazelle Enterprise
  • 5.3 Potential Gazelle Enterprise
  • 6 Classification basis of unicorn enterprises
  • 6.1 Indicators and categories
  • 6.2 Unicorns
  • 6.3 Super Unicorns
  • 6.4 Potential Unicorn Companies
  • 6.5 Seed Unicorns
  • Appendix A (Informative) Calculation Methods of Relevant Indicators 5
  • Reference

Foreword

This document is in accordance with the provisions of GB/T 1.1-2020 "Guidelines for Standardization Work Part 1: Structure and Drafting Rules of Standardization Documents" drafted.

Introduction

With the scientific and technological revolution and industrial transformation, data and traditional factors such as land, labor, capital, and technology are listed as one of the production factors in the new era.

First, the growth path of enterprises has changed, and a number of high-growth enterprises with new technologies, new industries, new formats and new models have emerged.

Gazelle and unicorn companies are typical representatives of high-growth companies and have become an important force in promoting high-quality economic development. Currently our country has More than 30 provinces, municipalities, and high-tech zones are continuing to develop gazelle and unicorn enterprise cultivation programs, and relevant research and cultivation work urgently needs a set of National conditions and uniform screening standards across the country. To this end, the China National Institute of Standardization has proposed and formulated this document in a centralized manner for related work. Provide a normative basis.

The classification framework of high-growth enterprises is shown in Figure 1.

Figure 1 Schematic diagram of the classification of high-growth companies Due to the different indicators used in the classification of gazelle enterprises and unicorn enterprises, the same enterprise may satisfy the requirements of both types of enterprises at the same time. Classification conditions. High Growth Enterprise Classification Guide

1 Scope

This document specifies the basic conditions for high-growth companies and the basis for the classification of gazelle companies and unicorn companies.

This document applies to the definition of Gazelle and Unicorn high-growth companies.

2 Normative references

There are no normative references in this document.

3 Terms and Definitions

The following terms and definitions apply to this document.

3.1 High-growth enterprise

Enterprises with high growth in operating income, number of employees or valuation driven by new technologies, new industries, new formats, new models, etc.

3.2 Gazelle enterprise

The business model has been recognized by the market, the income or number of employees has reached a certain scale, and it has successfully crossed the valley of entrepreneurial death and entered a period of rapid growth of high-growth companies.

3.3 Unicornenterprise

High-growth companies whose value is highly recognized by investment institutions and whose valuation still has room for improvement.

3.4 R&D expenditure

The total expenditures actually used for basic research, applied research and experimental development in the statistical year.

Note: Including personnel and labor costs, raw material costs, fixed asset purchase and construction costs, management costs and other expenses actually used for research and experimental development activities.

3.5 Valuation

The company's intrinsic value assessment is calculated from the amount of funds injected into the company by investment institutions and the corresponding equities.

3.6 Base year

The year used as a baseline for comparison when analyzing changes in data over a specific time period.

Note: If analyzing the changes in the company's operating income from.2016 to.2019, the base year refers to.2016.

3.7 The last year of the data analysis period

Note: If analyzing the changes in the company's operating income from.2016 to.2019, the cut-off year refers to.2019.

......
This preview omits tables, figures, formulas and parts of the technical clauses. The complete document — 24 pages — is available in the English PDF.

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