China GuiZhou Dushan Bearing Industry Steps into a New Phase of Intelligent Manufacturing

Against the backdrop of economic transformation and upgrading, small and medium-sized enterprises (SMEs), especially "specialized, refined, distinctive, and innovative" ones, have become a key force driving regional high-quality development. They not only undertake the mission of technological breakthroughs but also play a pivotal role in connecting upstream and downstream industries. With recovering market demand, growing orders, and improved industrial chain coordination, these enterprises have demonstrated strong growth momentum, supported significantly by favorable policies—particularly tax incentives.

Guizhou Yuancheng Industrial Co., Ltd., located in the Dushan Economic Development Zone's bearing industrial park, specializes in the R&D and manufacturing of precision bearings. Inside the workshop, high-speed grinding machines operate at full capacity, producing a steady stream of high-precision miniature bearings, showcasing a strong sense of technological sophistication. As a national high-tech enterprise, the company has consistently invested in technological innovation in recent years, securing one invention patent and 16 utility model patents. Its products are exported overseas, making it a key representative of Guizhou's bearing industry.

The head of the production department noted, "While R&D requires substantial investment and long cycles, the support from tax authorities has allowed us to move forward with less burden. In 2024 alone, we enjoyed over 290,000 yuan in tax reductions. This not only serves as encouragement but also provides financial support for future innovation." He emphasized that tax incentives have effectively eased cash flow pressure and boosted the company's motivation for sustained innovation.

To better support the local bearing industry, the Dushan County Tax Bureau has proactively engaged with sector needs, collaborating with the county’s Bearing Industry Association to provide targeted assistance. By conducting on-site visits to identify pain points, formulating customized tax service solutions, and promptly delivering the latest policy updates, the bureau has enhanced the professionalism and precision of its services, ensuring tax benefits truly reach enterprises.

Moving forward, local tax authorities will continue to focus on the development needs of high-tech enterprises, implementing policies such as additional deductions for R&D expenses to optimize the business environment. By helping companies overcome challenges, fostering new quality productive forces, and facilitating the shift from "manufacturing" to "smart manufacturing," they aim to unlock greater innovation potential.