In March 2022, Zhuzhou JinbaiLi Hard Alloy Co., Ltd. received the "Hunan Province New Materials Enterprise" certificate jointly awarded by the Provincial Industry and Information Technology Bureau and the Statistical Bureau. The recognition of Hunan provincial-level new materials enterprises began in 2013, with the aim of promoting the healthy and rapid development of the new materials industry.
To be eligible for recognition, companies need to meet certain criteria. These include achieving an annual sales revenue of at least 20 million yuan, or having new material product sales revenue accounting for over 50% of their total revenue. Additionally, the products they produce should fall within the category of new materials listed in the national or Hunan provincial new materials product catalogs.
Companies that are recognized as provincial new materials enterprises can enjoy priority access to national and provincial special funds for industrial development in the field of new materials. They are also entitled to various tax incentives. This successful recognition as a provincial new materials enterprise is expected to greatly contribute to the growth and development of Zhuzhou JinbaiLi Hard Alloy Co., Ltd. in the field of hard alloy new materials.
Post time: Jun-18-2021
