Everything is running in order with the neat environment, mechanized production line and skilled mechanics. Li Jingda, the founder of Xinjingrui Tungsten Steel (Xiamen) Co., Ltd., recalls the hardships of launching business in 2013, with deep emotion.
Tungsten steels have a close correlation with the bullet trains and high-speed rails. The surrounding markets can be explored along the ‘The Belt and Road’ and there will be great benefits for our products.” Taking the advantage of the development of the two sides of the strait, Taiwan youth Li Jingda draws benefits from entrepreneurship. “The Belt and Road” and “Made in China 2025 strategy” are the current hot spots on both sides for Li Jingda and are also the key element for Taiwan's entrepreneurial success. Li Jingda has quite much deep feeling for the settling of the enterprise in Jimei. With the guidance of Youth entrepreneurship base and the blessing of benefiting-Taiwan policy, Xiamen is suitable for the entrepreneurship of Taiwan youth. By the high-tech of the enterprise, his entrepreneurial blueprint planning becomes broader and broader. Li Jingda, post-85 Taiwan youth, is the founder of Xinjingrui Tungsten Steel (Xiamen) Co., Ltd. Li Jingda has always been yearning to develop in the mainland because of his parents’ early engagement in the manufacturing industry early in Xiamen. When the mainland proposed the “The Belt and Road” initiative, Li Jingda firmly came to Xiamen and started a business.
Li Jingda has hesitated between Xiamen and Zhangzhou. However, the overall environment of Xiamen, preferential policies of Haixi, convenient import and export procedures, perfect logistics facilities, and high quality of personnel allowed Li Jingda to finally choose Xiamen as a base for entrepreneurship in the end.
Due to its proprietary intellectual property rights and patents, the high-end screw and nut tungsten steel molds and other products researched and developed independently by the company are sold well in the market for their high hardness, wear resistance, high strength and toughness, heat and corrosion resistance and other excellent performances. The manufactured tungsten steel materials are also sold to Xiamen, Shanghai, Guangdong and Southeast Asia, and gradually enter international market.
Li Jingda said that most part of the present achievements of our company is associated with the support of the mainland policy. “First of all, high-tech enterprises enjoy tax concessions, and corporate income tax drops from 25% to 15%, a large part of the funds for our business operations is thus saved.” Li Jingda said, “We have also received research and development subsidies for high-tech enterprise at the national and Xiamen levels, which is an icing on the cake for our start-ups.”
In addition to various subsidies, administrative reform in mainland also allowed Li Jingda to feel the support of the mainland for Taiwan youth. “The 'full online office' launched by the tax authorities has been very convenient. Now, after the merger of the national and local taxes, it only needs to log in to one website to realize the ‘one network management,’ which greatly reduces the pressure on taxation and strengthens our confidence in starting a business in Xiamen.” Since its establishment, the company has enjoyed a total income tax exemption of 54,000 in preferential tax policies for small and micro businesses from 2015 to 2017, and handled an export tax exemption of 540,000. The continuous policy benefits have greatly reduced the financial burden of enterprises.
With the help of tax officials, Li Jingda, who has obtained the qualification of high-tech enterprises, successfully passed the registration publicity of small and medium-sized technology-based enterprise. “These ‘gold-lettered signboards’ are of great significance. On the one hand, they have enormous amount of power for our entrepreneurial road, on the other hand, they coincide with the increase in the national R&D expenditure plus deduction discount. It is expected to reduce the tax by more than 430,000 Yuan in the next two years, which will greatly accelerate capital flow of enterprises.
At present, Xinjingrui Tungsten Steel (Xiamen) Co., Ltd. of Li Jingda has 20 employees. This year's output has increased by 20% over last year. “China has no shortage of raw materials. What we need to do is to improve the technical level, not only as the suppliers of raw materials, but also as the suppliers of products.” Li Jingda said that the company will continue to research and develop new products, to do fine work to do fine, to practice the spirit of the craftsman, and to move toward the future step by step.
