Recently, the author learned from the science and technology department of Licheng District of Jinan City that in 2011, there were 113 enterprises in the Licheng District who applied for recognition as high-tech enterprises (re-identified once every three years), of which 99 applications were applied for the first time, accounting for 88% of all applicants. Compared with the same period of last year, it increased 106% Jinhua fire glass customization. Behind the rapid growth of science and technology innovation enterprises is the gradual emergence of the effects of tax reduction and reduction policies such as the reform of value-added tax and the deduction of research and development expenses, effectively inspiring the innovation power of enterprises and helping enterprises to “accelerate” in technological innovation.
“Innovation never ends, technology update is the core of the development of high-end glass manufacturing industry.” Lin Chenglun, general manager of Shandong Yaohua Glass Co., Ltd. said, “The tax incentives allow us to invest more in research and development to help us to walk more firmly. A good road to innovation. "From the beginning of the reform and opening up, an unremarkable glass primary processing plant, to the top 30 high-end glass processing industry in the country with an annual sales of 170 million yuan, insisting on technological innovation and focusing on technology research and development, is undoubtedly the success of Yaohua Glass. Secret.
"From the beginning of the business, we have adhered to the road of technological innovation. After more than 30 years of hard work, we now have 18 national patents. It is the first batch of national high-tech enterprise Jinhua fireproof glass customization in the glass processing industry, so we have enjoyed more Limin's financial policy support." Li Min, the company's financial controller, calculated an account: high-tech enterprises enjoy 15% preferential tax rate, 2018 annual corporate income tax less than 1.5 million yuan; R&D expenses plus deduction standard increased to 75%, underpayment Enterprise income tax of 1.4 million yuan; in April this year, the value-added tax rate was lowered to 13%, only from April to August, has enjoyed the VAT tax reduction of more than 1.2 million yuan Jinhua tempered glass custom.
The continuous increase in tax incentives has added enthusiasm to Yaohua’s firm pursuit of technological innovation. In 2018, Yaohua invested 50 million yuan to introduce the world's advanced Austrian "Li Saike intelligent glass production system", which realized the intelligent production of hollow glass automatic filming, cutting, film removal, rubberizing and warehousing. There are only 6 manufacturers of LiSEC smart glass production lines in China. "While the country's various favorable policies promote Wenzhou fire glass customization, our glass products continue to improve in the international market. It is estimated that this year's export volume will reach 40 million yuan Jinhua fireproof glass." Lin Chenglun on Yaohua Glass The development prospects are full of confidence.