The Success Story of Yuxin Electronics: From Small Workshop to Global Leader in Production and Sales

The production workshop of Yuxin Electronics.Photo by Hualong.com reporter Luo Shengjie

Hualong News (Reporter Liang Haonan) From a small workshop to leading the world in production and sales, in the production workshop of Chongqing Yuxin Pingrui Electronics Co., Ltd. (hereinafter referred to as “Yuxin Electronics”) located in the Western (Chongqing) Science City, every machine is running smoothly After the igniters are assembled, they are sold all over the country and overseas. Nearly 10 million units are produced and sold every year. The global market share is about 15% to 20%, ranking first in the world.

Yuxin Electronics, founded in 2003, is mainly engaged in the research and development, production and sales of core electronic control components for general-purpose gasoline engines and end products. It is one of the first batch of specialized and new “little giant” enterprises selected by the Ministry of Industry and Information Technology. Through its independently developed high-quality general machine igniters and its patented technology and cost advantages, the company has successfully replaced imported products and quickly opened up the high-end general machine market.

“The company maintains a high growth rate, mainly due to the company’s insistence on the development concepts of ‘leading with technology’ and ‘specialization, specialization and innovation’, insisting on continuous product upgrades and related new product development in niche areas and around leading industries. .” The relevant person in charge of Yuxin Electronics said that in recent years, the average annual growth rate of Yuxin Electronics’ R&D investment has reached 47%.

On May 19 this year, Yuxin Electronics successfully declared an additional deduction of 27.23 million yuan for R&D expenses in 2022, and actually enjoyed a tax reduction of 4.0844 million yuan.

“After the super deduction ratio of R&D expenses is increased to 100%, our R&D investment burden has been greatly reduced, allowing us to invest more funds and resources in technology R&D.” The relevant person in charge of Yuxin Electronics said that the tax policy of Science City The intensity is very strong, and these “real money” supports allow enterprises to maintain industry leadership in technological innovation and have greater confidence in development.

In addition, the High-tech Zone Finance Bureau, Government Services and Social Affairs Center and other relevant departments have also set up dedicated teams to provide “one-to-one” services for Yuxin Electronics; help Yuxin Electronics apply for a financial subsidy of 6 million yuan for listed companies to innovate for enterprises Sufficient funds for development.

Workers are producing inverters and voltage regulators.Photo by Hualong.com reporter Luo Shengjie

At present, Yuxin Electronics independently produces more than 3,000 products. In addition to general-purpose igniters, its main research and development of digital variable frequency generator converters are also exported to all over the world, ranking third in the global market share.

“In the future, we will continue to pay attention to the development direction and trends of the industry, pay close attention to market demand, continue to increase investment in research and development, reserve technical strength in production, equipment, talent introduction and training, etc., overcome technical barriers, and develop products for use in new market areas. product.” said the relevant person in charge of Yuxin Electronics.

Enterprises run in front, and the government supports behind. From January to August this year, the Western Science City Chongqing High-tech Zone has added a total of approximately 570 million yuan in tax reductions and fee reductions, as well as tax rebates and tax deferrals. The realization of “real money” tax and fee discounts has become a “little giant” for specialization and specialization. The innovative development of enterprises and other operating entities adds vitality.

Up to now, the Chongqing High-tech Zone in the Western Science City has cultivated 168 “specialized, special and innovative” small and medium-sized enterprises at or above the municipal level, including 17 “little giants” from the Ministry of Industry and Information Technology and 4 “little giants” supported by the state.

Next, the Chongqing High-tech Zone in the Western Science City will continue to deepen the implementation of the “specialized, special and new” enterprise doubling plan, and take multiple measures to increase cultivation efforts; the tax department will focus on the two key points of “implementation of tax policies” and “improvement of service quality and efficiency” We provide personalized coaching and customized services to empower technological innovation.

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2023-10-18 08:03:40
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