Recently, the Zhejiang Provincial Department of Economy and Information Technology released the list of leading enterprises in the provincial headquarters of private economy for 2024. Huayou Cobalt was included in the category of leading enterprises in the secondary industry of Jiaxing City.

A Zhejiang private enterprise headquarters refers to an independently incorporated legal entity primarily engaged in private economy activities, registered and operating within Zhejiang Province. Such an entity fulfills investment and management functions across one or more national regions or two or more provincial regions and holds control or exerts managerial authority over several invested enterprises.

As one of the representatives of Zhejiang's private economy, Huayou Cobalt has actively responded to the call of the "Sweet Potato Economy" upgrade initiative, known as the "No. 1 Open Project," launched by the Zhejiang Provincial Party Committee and Government. The company engages in global resource allocation, integrates into the global industrial division, and joins the global market competition, establishing a transnational business structure that encompasses overseas resources, international manufacturing, and global markets. It has become one of the most representative enterprises embodying the characteristics of the "Sweet Potato Economy" in Zhejiang.