Project Name: Aerospace Power Parts Manufacturing Project
Release Date: 25th April, 2019
Investment Mode: Sole proprietorship, other
Industry: Manufacturing, railway, marine, aerospace and other transportation equipment manufacturing
Location: Anshun City, Guizhou Province
Project validity period: Two years
Project Description:
(1) Excellent location conditions. Anshun has a superior location and is a sound area for Guizhou’s water, land and air transportation network. Shanghai-Kunming Expressway, Anpu Expressway, Liuzhen Expressway, Huixing Expressway, Guanxing Highway, Shuihuang Highway, Gui’an Avenue, Anpu Avenue and other high-speed and high-grade highways criss-cross; Zhuliu Railway runs through the whole territory, Changkun Express The railway has three stations in the territory; the Huangguoshu Airport for military and civilian use has already opened flights to Beijing, Shanghai, Chongqing, Hangzhou, Kunming, Sanya, Lijiang and Xishuangbanna; the 500-ton ship of Zhenningba Grass Terminal can go directly to Guangzhou.
(2) Excellent ecological environment Anshun City is located in the central and western part of Guizhou with pleasant climate. It is one of the most suitable ecological cities for human habitation. It is a differentiated chip in competing with high-end talents in first-tier cities.
(3) Focus on the aviation industry and create a high-end equipment manufacturing base with special characteristics. The Anshun High-tech Zone is dominated by the high-end equipment manufacturing industry led by the integration of military and civilian, and has gathered a number of aerospace, equipment manufacturing, new medicine, electronic information, modern service industries, etc. The enterprise has become an important growth pole for high-tech industry and economic development in Anshun City, and a new engine for the economic transformation and upgrading of the province.
(4) The government supports the national level: the newly-encouraged industrial projects in the Catalog of Encouragement Industries in the Western Region are the main business, and the enterprises whose main business income accounts for more than 70% of the total income of the enterprise in the year, Corporate income tax can be paid at a reduced rate of 15%. The part of the technology transfer of resident enterprises that does not exceed 5 million yuan shall be exempted from enterprise income tax; if it exceeds 5 million yuan, the enterprise income tax shall be halved. If the research and development expenses incurred by the enterprise in developing new technologies, new products and new processes are not included in the current profits and losses, the deductibles shall be deducted according to the actual deductions according to the provisions, and 50% of the research and development expenses shall be deducted; Amortized at 150% of the cost of intangible assets. After the application for the value-added tax of the high-tech products and new products paid by the enterprise in the current year is confirmed by the application, the incremental part of the value-added tax retained at the urban level is used to reward the enterprise according to the procedure. The high-tech enterprises recognized by the provincial science and technology administrative departments shall be subject to a corporate income tax rate of 15%. At the local level: In the Anshun High-tech Zone, after the newly introduced investment promotion enterprises reach the relevant index values, in addition to enjoying the relevant preferential policies currently in effect at the national, provincial, municipal and district levels, the development zone will provide support in the following aspects to enable enterprises to do Make it stronger and stronger and realize the rapid development of the development zone. 1) Vigorously support the science and technology small and medium-sized enterprises in the early stage of Anshun High-tech Zone. We will focus on implementing the support policies for micro-enterprises such as “three 150,000 yuan” and cultivating small and medium-sized enterprises with innovative capabilities and independent intellectual property rights to become high-tech enterprises or innovative enterprises. A venture capital investment enterprise that pays enterprise income tax within Anshun City may adopt an equity investment method to invest in unlisted small and medium-sized high-tech enterprises for more than two years, and may deduct the amount of 70% of the investment amount in the year when the equity is held for 2 years. The taxable income of a venture capital enterprise; if it is not deductible in the current year, it can be carried forward in the subsequent tax year. 2) Strengthen the independent research and development support of enterprises. If the research and development expenses incurred by the enterprise in developing new technologies, new products and new processes are not included in the current profits and losses, the deductibles shall be deducted according to the actual deductions according to the provisions, and 50% of the research and development expenses shall be deducted; Amortized at 150% of the cost of intangible assets. 3) Implement tax incentives. After the application for the value-added tax of the high-tech products and new products paid by the enterprise in the current year is confirmed by the application, the incremental part of the value-added tax retained at the urban level is used to reward the enterprise according to the procedure. The high-tech enterprises recognized by the provincial science and technology administrative departments shall be subject to a corporate income tax rate of 15%. For the newly-increased industrial projects in the Catalogue of Encouragement Industries in the Western Region, the enterprises whose main business income accounts for more than 70% of the total income of the enterprise in the current year can be reduced by 15%. The part of the technology transfer of resident enterprises that does not exceed 5 million yuan shall be exempted from enterprise income tax; if it exceeds 5 million yuan, the enterprise income tax shall be halved.
(5) Industry Foundation Advantages Among the three military bases in Guizhou, Guihang Group (011) has 49 wholly-owned and controlled subsidiaries located in Anshun City. Its backbone and leading enterprises are mainly concentrated in Anshun Development Zone, which has a leading position in the country. Advanced equipment such as computer-aided design and CNC machining, with the ability to produce and process from scientific research to manufacturing, from training blanks to complete sets of large-scale precision equipment, providing good supporting services for the project construction.
(6) Cost advantage The Aerospace Power Parts Manufacturing project is located in Anshun High-tech Industrial Development Zone. The supply of water and electricity is sufficient and the price is low. The labor cost has an absolute price advantage compared with the first-tier cities.
Information Source: Ministry of Commerce Public Services
