With the gradual improvement of epidemic prevention and control, coupled with the rising cost of fuel vehicles due to international factors, the sales of new energy vehicles ushered in explosive growth, and the sales of supporting auto parts processing enterprises are also gratifying. The Xinghua Taxation Bureau of the State Administration of Taxation has carefully implemented preferential tax and fee policies, strengthened tax payment services, and helped auto parts processing enterprises to seize opportunities, innovate and develop, and take advantage of the trend.
Jiangsu Weiying Machinery Co., Ltd. is a key high-tech enterprise of the National Torch Program specializing in the manufacture of automotive precision forgings using cold-warm-hot precision forging technology. The company’s main products are axle-tooth precision forgings for automotive drive systems and transmission systems.
“Our customers are domestic mainstream auto OEMs or their powertrain factories, such as SAIC, Geely, Great Wall, BYD, etc. Recently, the sales of new energy vehicles have become very popular, and our orders have also increased.” The company’s financial director Wang Limei joy Dao, “In addition, the state has recently introduced a combined tax and fee support policy, and we have deferred tax payment of about 280,000 yuan. At the same time, as a high-tech enterprise, it is expected to enjoy a corporate income tax discount of 1.3 million yuan throughout the year, and we intend to seize this opportunity. The second best development opportunity, intelligent transformation and upgrading, build a provincial intelligent demonstration workshop, expand production, and further increase market share.”
It is understood that the company has outstanding independent research and development capabilities and leading technology and craftsmanship. The company’s products have a high-quality and cost-effective competitive advantage in the domestic precision forging industry. Among them, CVT pulley products have a market share of up to 25% in the domestic market segment, and are in a leading position in China.
“I hope that the tax department will continue to send us preferential tax policies, provide better tax services, and help enterprises seize development opportunities and take advantage of the momentum!” The company Zhang Tailiang, the legal representative, said with confidence.