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Zhejiang Tong Ming Reports 27% YoY Revenue Growth for Jan. and Continues to Enjoy Preferential Tax Rate in China
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2015-03-16
Zhejiang Tong Ming, a leading stainless steel fastener manufacturer, reports that its combined revenue in Jan. 2015 showed a YoY increase of 27.19% at NTD0.595 billion (a slight increase from NTD0.590 billion of the previous month). Such performance is very remarkable. The company was also certified by “Chinese High-tech Enterprise Certification,” so it can continue to enjoy the preferential income tax rate down to only 15%.
 
According to related regulations in China, Zhejiang Tong Ming, after being certified again by Chinese High-tech Enterprise Certification, it can continue to enjoy a more favorable income tax rate (which will be reduced from 25% to 15%) for 3 years.
 
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