Tax Benefits Help To Specialize, Refine, And Innovate | Policies+services, Tax Power Empowers New Energy Technology Enterprises To Achieve Leapfrog Development

Specialized, refined, and innovative "little giant" enterprises are the backbone of high-quality development of private economy. Recently, under the guidance of the Network Communication Bureau of the Central Cyberspace Office and the Tax Propaganda Center of the State Administration of Taxation, the "Decoding the 'Little Giant' - Specialized, Refined, and New Look at China" online themed promotional activity jointly organized by the Cyberspace Information Office of the Party Committee of Shandong, Beijing, Tianjin, Shanghai, Jiangsu, Zhejiang, Fujian, Guangdong, and Chongqing, as well as the Tax Bureau, entered Taizhou and conducted an in-depth visit to Zhejiang Jiuzhou New Energy Technology Co., Ltd, Find the successful password for Taizhou's "Little Giant" to constantly radiate innovative vitality. 

 

 

Entering the manufacturing workshop of Jiuzhou New Energy Technology Co., Ltd., the lathe roars, iron filings fly, and wheels, end caps, shaft cores, and other spare parts are carefully polished and shaped, assembled by robotic arms into the "power heart" of electric vehicles.

 

As one of the core components of electric vehicles, the performance of the motor has the most direct impact on the acceleration, hill climbing and other experiences of electric vehicle products. Jiuzhou New Energy Technology Co., Ltd. has been deeply involved in the segmented industry of two wheel electric vehicle motors for more than 20 years, and has been awarded titles such as "National High tech Enterprise", "National Specialized, Refined, and New 'Little Giant' Enterprise", and "National Intellectual Property Advantage Enterprise". It has 129 patent authorizations and an annual output value of over 1 billion yuan.

 

From a family style workshop to a leading enterprise in the industry, adhering to the leadership of technological innovation is the "only way" for Jiuzhou New Energy to achieve leapfrog growth. Last year, enterprises invested more than 50 million yuan in research and development funds, and the continuous introduction of tax and fee preferential policies by the country effectively alleviated the financial pressure. "Jin Lilin, the financial manager of the enterprise, introduced that since 2022, enterprises have deducted more than 61 million yuan from pre tax R&D expenses, and high-tech enterprises have reduced their corporate income tax by more than 1.9 million yuan, providing strong support for increasing R&D investment and forming a virtuous cycle of development.

 

In 2021, Jiuzhou Electric Corporation launched the Red Rabbit series of new motors, filling the gap in China's long-distance motor industry. The "Red Rabbit 2.0" motor launched this year has been upgraded in terms of safety and durability, achieving a new appearance life of 5 years and doubling its durability.

 

But the development of enterprises is not smooth sailing. In recent years, due to the rise in raw material prices and labor costs, the capital chain of enterprises has been constantly under pressure. In order to provide timely "blood transfusion" for enterprise innovation, the tax department relies on tax big data to accurately "position" the policies applicable to enterprises, and promptly promotes the methods of enjoying preferential policies, precautions, and common Q&A content, in order to efficiently solve problems and specialize in identifying the "growing troubles" of new enterprises. I didn't expect tax big data to discover that our company meets the new policy conditions for R&D fee deduction faster than I did. The tax department took the initiative to come and track and guide us in applying for tax benefits of over 3.5 million yuan, "Jin Lilin said.

 

 

Merit is the key to success, and karma is the key to success. It is understood that Jiuzhou New Energy has established a technical team composed of highly educated elites and specialized talents, while actively exploring school enterprise cooperation, signing a strategic agreement with Zhejiang University of Technology, and establishing a "provincial-level postdoctoral workstation".

 

After the doctoral team from the School of Mechanical Engineering at Zhejiang University of Technology entered the enterprise, both parties carried out simulation analysis of gear hub motors and related products, and made breakthrough progress in technical fields such as motor electromagnetic noise and structural strength optimization. At the same time, the enterprise actively participated in the Zhejiang University of Technology's "Large Equipment Complex Surface Online High Precision Measurement Technology" industry education integration project, winning the second prize of the national "Science and Technology Progress Award", breaking the monopoly of foreign countries in industrial 3D high-precision scanning technology.

Talent gathering brings more possibilities for Jiuzhou New Energy. The tax department is actively building a "green channel" for high-level talent services, actively implementing various tax and fee preferential policies that benefit talent recruitment and talent introduction, and helping technical personnel handle taxes without worry. Our company has over 1100 employees, with a large number of people handling the settlement and payment of comprehensive personal income tax. The tax department has provided us with specialized guidance on personal income tax settlement, providing on-site guidance to over a thousand enterprise employees to efficiently and accurately handle annual settlement. "Referring to the thoughtful service provided by the tax department, Jin Lilin said.

 

With the assistance of policies and services, Jiuzhou New Energy has gradually transitioned from a "single track" to a "diversified track", successfully achieving cross circle success in new fields such as robot motors and broom motors, becoming a new market growth point, and helping Taizhou's "intelligent manufacturing" to accelerate.