Chongqing's Strategic Emerging Industries See 8.7% Year-on-Year Sales Revenue Growth in First Three Quarters

Developing new quality productive forces is an inherent requirement for promoting high-quality development. According to the latest value-added tax (VAT) invoice data from the Chongqing Municipal Tax Service, during the first three quarters of this year, new industries, new technologies, and new business formats in Chongqing maintained relatively rapid development, accelerating the cultivation and growth of new quality productive forces. 

"Technological innovation is the core element for developing new quality productive forces. The latest invoice data indicates that strategic emerging industries are developing well, showing strong momentum," said a relevant official from the Tax Economic Analysis Department of the Chongqing Municipal Tax Service. The VAT invoice data shows that in the first three quarters, the sales revenue of Chongqing's strategic emerging industries increased by 8.7% year-on-year. Among them, the sales revenue of high-tech manufacturing grew by 6.7% year-on-year. Notably, with the accelerated implementation of the "AI Plus" initiative, the sales revenue of industrial robot manufacturing and intelligent consumer equipment manufacturing surged by 143.8% and 35% year-on-year, respectively.

Stepping into Chongqing Huashu Robot Co., Ltd. (hereinafter referred to as "Huashu Robot") located in the Liangjiang New Area, the production workshop is a scene of bustling activity. As a leading enterprise in Chongqing's robotics industry chain, the company has recently increased R&D investment in cutting-edge technologies like embodied intelligence. It has not only launched a globally leading 70KG high-payload robot but also showcased industrial collaborative welding technology at the Hannover Messe in Germany, where it was awarded the title of a benchmark application scenario for the "Robot Plus" initiative.

"Enterprises strive at the forefront, supported by national policies from behind," said Zhu Yangping, the company's financial supervisor. He stated that the tax authorities provide full-process guidance - covering "policy interpretation, R&D pooling, and risk alerts" - based on the progress of the company's R&D projects. This ensures the company accurately enjoys preferential policies and mitigates policy application risks. In the first three quarters, Huashu Robot's operating revenue exceeded RMB 70 million, a year-on-year increase of 14%.

To support technological innovation, the Chongqing Municipal Tax Service has introduced 17 measures to bolster the high-quality development of technology innovation enterprises. It has compiled and published documents such as the Summary of Tax and Fee Policies Supporting Technology Enterprises, the Compilation of Answers to Common Tax-Related Difficulties for Technology Enterprises, and the Guide to Preferential Tax and Fee Policies for Specialized, Refined, Distinctive and Innovative Enterprises. Leveraging big data analytics, the service has optimized its "policy outreach" mechanism for precise targeting. In the first nine months of this year, it conducted batch-based precise delivery of tax policies and risk alerts exceeding 2.48 million instances.

Currently, as R&D investment by Chongqing enterprises continues to increase, achieving innovation leadership in core technologies and aligning with industrial chains, the flow of scientific and technological resource elements is accelerating, promoting the faster implementation of scientific and technological achievements. VAT invoice data indicates that in the first three quarters, the sales revenue of the scientific research and technical services industry - a crucial arena for integrating technological elements and value transformation - grew by 21.9% year-on-year, while the information technology services industry saw a 7.9% increase. The sales revenue of intellectual property (patent)-intensive industries, which have high technological content, increased by 12.1% year-on-year. Concurrently, the sales revenue of the core digital economy industries grew by 8.4% year-on-year, reflecting the continuous and deepening integration of the digital economy and the real economy in Chongqing.

Source: Chongqing Daily