A Milestone Achievement: NEDAR Designated as a National High-tech Enterprise
We are thrilled to announce a significant milestone in our company's journey: we have been officially certified as a National High-tech Enterprise (NHE) by the Chinese authorities, effective 2023. This prestigious accreditation is not merely an award; it is a powerful testament to our unwavering commitment to innovation, research and development, and technological excellence. It marks our formal recognition as a key player in China's strategic plan to foster indigenous innovation and lead in the global high-technology arena.
The status of National High-tech Enterprise is one of the most distinguished honors a technology-focused company can achieve in China. Bestowed by the Ministry of Science and Technology, the Ministry of Finance, and the State Taxation Administration, the certification follows a rigorous and multi-faceted evaluation process. To qualify, a company must demonstrate excellence across several critical areas, including:
1，Core Intellectual Property: Ownership of proprietary intellectual property rights related to our core products and services.
2，Systematic R&D Investment: A consistent and significant investment in research and development activities as a percentage of total revenue.
3，Highly Qualified Technical Team: A strong team of qualified R&D personnel and technical staff who drive our innovation engine.
4，High-Tech Product & Service Contribution: Evidence that our high-tech products and services constitute a major portion of our overall business income.
2，Systematic R&D Investment: A consistent and significant investment in research and development activities as a percentage of total revenue.
3，Highly Qualified Technical Team: A strong team of qualified R&D personnel and technical staff who drive our innovation engine.
4，High-Tech Product & Service Contribution: Evidence that our high-tech products and services constitute a major portion of our overall business income.
Achieving this certification validates the hard work, dedication, and forward-thinking vision of every team member. It reflects years of strategic investment in cutting-edge technologies, a culture that encourages creative problem-solving, and a relentless pursuit of delivering superior value to our clients and partners.
This accomplishment brings with it substantial and tangible benefits that will accelerate our future growth. As an NHE, we are entitled to a preferential corporate income tax rate of 15%, a significant reduction from the standard 25%. This financial advantage will allow us to reinvest even more resources into our R&D initiatives, further strengthening our technological edge. Furthermore, the recognition enhances our brand reputation, signaling to clients, investors, and industry peers that we are a credible, innovative, and government-endorsed leader in our field. It will also open doors to greater opportunities, including eligibility for state-sponsored research grants, participation in major government projects, and easier attraction of top-tier talent.
Looking ahead, the National High-tech Enterprise certification is both an achievement and a new starting point. It solidifies our foundation and provides powerful momentum for our next phase of growth. We are more committed than ever to pushing the boundaries of technology, developing groundbreaking solutions, and contributing to the technological advancement of our industry. This honor fuels our mission to not only succeed as a business but to also play a meaningful role in shaping the future of technology. We extend our deepest gratitude to our entire team, whose brilliance made this possible, and to our clients and partners for their continued trust and support. Together, we are building an exciting future.
