Xinhua News Agency Reported on Weihua's Good Start To The First Quarter of 2021
On May 12, Xinhua News Agency reported on China's economic growth in the first quarter of 2021. Under the dividends of the series of tax reduction policies introduced by the Party Central Committee, Weihua has promoted the 14th Five-Year Plan with high-quality development, contributing to the strength of Weihua to help write a new chapter of China's great rejuvenation.
2021 is the first year of the implementation of the "14th Five-Year Plan" strategy of Weihua Group, and it is also the decisive year for Weihua to prepare for the listing and move towards transformation and upgrading.
Weihua Group closely followed the requirements of high-quality development, took the development path of high-quality, high-yield and high-income, insisted on both epidemic prevention and control and business operation, and the orders in the first quarter increased by 15.8% year-on-year; the sales revenue increased by 11.1% year-on-year, which maintained the good development momentum of the enterprise.
"In the opening year of the 14th Five-Year Plan, China made a series of deployments to reduce taxes and fees. 2020, in the face of a rare impact in history, the Party Central Committee reduced the burden of market entities by more than 2.6 trillion yuan, including 1.7 trillion yuan of social security fee reductions, through the implementation of large-scale tax and fee reductions in phases, combined with institutional arrangements. Weihua Group, as a national manufacturing single champion enterprise, saw its sales revenue rise instead of fall in 2020, and its overall sales revenue increased by 30%.