[notice] 2021 SMM South China Nonferrous Metals Industry Annual meeting will be held in Guangzhou!
According to the list announced by the Ministry of Industry and Information Technology, Weihai Wanfeng magnesium Technology Development Co., Ltd. was successfully selected into the second batch of specialized new "Little Giant" enterprises.
However, more than a decade ago, Weihai Wanfeng magnesium was an insolvent small and micro enterprise, and its finance was so difficult that even the chairman's air ticket for a business trip had to be reconsidered. From a small enterprise on the verge of bankruptcy to a high-tech enterprise that can specialize in the development of light alloy materials, composite materials, locomotive light rail, aerospace, marine marine equipment and other spare parts, how on earth did Weihai Wanfeng magnesium deduce such a wonderful "transformation"? Zhu Xunming, chairman of Weihai Wanfeng magnesium Technology Development Co., Ltd., has this account in mind.
According to Zhu Xunming, the development of Wanfeng magnesium industry today is inseparable from two "magic weapons." one magic weapon is independent innovation, and the other is policy support.
Speaking of independent innovation, Zhu Xunming is like a few treasures: the company has provincial R & D centers, technology centers and key laboratories, 46 patents, 3 draft magnesium alloy national standards, and 1/5 of its employees are technical R & D. has a strong ability of scientific research and development, independent innovation.
Speaking of policy support, Zhu Xunming is affectionate: when the company faces bottlenecks in transformation and upgrading, the state has given great support, and the company has received strong support from a number of national industrial funds. In particular, in recent years, with the continuous optimization and reform of the national tax system, various kinds of universal tax reduction and fee reduction systems have been introduced, further reducing the burden of enterprises. In 2020, the company enjoys income tax concessions for high-tech enterprises, R & D fees plus deduction and other tax concessions of 6.5 million yuan, the company put these funds into the core equipment and the introduction of high-tech personnel, further enhance the competitiveness of enterprises.
Benefiting from the policy issued by the 2021 country to continue the policy of 75% addition and deduction for enterprise R & D expenses, and to increase the proportion of addition and deduction for manufacturing enterprises to 100%, the financial account of the enterprise has been calculated. This year's R & D expenses plus deduction can be said to have "double benefits". According to the new R & D expense plus deduction policy, in the first three quarters of 2021, the company enjoys a 3.33 million yuan income tax discount for high-tech enterprises. It is expected to enjoy the addition and deduction of 10.6682 million yuan in R & D expenses, and the policy of addition and deduction can be enjoyed in advance in the third quarter of this year. This real sum of money has effectively reduced the tax burden of enterprises, and enterprises have sufficient funds to invest in the construction of the center in the short term.
With the development of new markets and the commissioning of new products, the company continues to upgrade and grow. In the first three quarters of 2021, the sales volume was 440 million yuan, the total profit was 48 million yuan, the net profit exceeded 40 million yuan, and the profit and tax reached 60 million yuan, an increase of 35%. Zhu Xunming said: "it is the development strength that independent innovation and policy support brings to us that enterprises can take advantage of the east wind to drive into the fast lane."
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