"Finally survived!" March 7, the National People's Congress, the crown of high-tech vice chairman Huang Yangxu met the China Securities Journal reporter, excitement and excitement overflowing, three years of pressure with the government's work report of a deployment and disappear.
The government work report puts forward, "camp to increase" the pilot scope will be expanded to the construction industry, real estate industry, financial industry, life services, and will all enterprises new real estate value-added tax contained in the scope of deduction, to ensure that the tax burden of all industries will only reduce or not increase. At present, real estate, construction, finance, life services, the four major industries not included in the "camp to increase" pilot industry accounted for more than 67% of the proportion of business tax. According to a newly released research report by UBS Securities, the tax cut in 2016 will be about 383.6 billion yuan after the last four industries are covered by the camp transformation.
Guanhao Hi-Tech is undoubtedly a beneficiary of this policy. The company is the exclusive supplier of carbonless copy paper for VAT invoices, and the "camp change" will bring huge demand space. "March 5, I walked out of the Great Hall of the People immediately called the executive vice president of the company, let him take people to check the equipment and production line." Huang Yangxu said, "In 2011, the Ministry of Finance, the State Administration of Taxation jointly issued a 'camp to increase' pilot program, I immediately realized that this is a huge market, and immediately in Zhanjiang Donghai Island shot 1000 acres of land, the construction of specialty paper and coated paper production base. 2013 September after the completion of the base! , the 'camping change' follow-up policy progress is slow, the base so far did not add a new order."
Huang Yangxu is now relieved. Guanhao high-tech is the first large-scale production of thermal paper professional company, founded by Huang Yangxu in 1993, after the introduction of Guangdong Province for the promotion of the listing program and investment, the actual controller into the Guangdong Provincial Department of Finance under the Guangdong Provincial Department of Finance Trust. The company was listed on the Shanghai Stock Exchange in June 2003, and in December 2009, it introduced its current controlling shareholder, China Paper Investment Corporation, and the actual controller was changed to China Chengtong Company under the State-owned Assets Supervision and Administration Commission (SASAC). Guanhao Hi-Tech has been designated as the exclusive supplier of carbonless paper for VAT special invoices since 1996. Public data show that in 2015, the market demand for business tax invoices was about 30 billion copies, and the market demand for VAT invoices was 2 billion copies. Institutions estimate that after the expansion of the "camp change", the demand for VAT invoices will soar from 1.5 billion to about 32 billion.
In addition, the relevant departments have recently introduced policies to support the development of electronic invoices, some investors are concerned that the development of electronic invoices will have an adverse impact on the company's performance. Huang Yangxu responded that electronic invoice is indeed a trend, but at least in the next five years will not cause a significant impact on the traditional paper invoice. Taiwan has been implementing electronic invoices for more than a decade, and the current penetration rate is less than 50%, and the penetration rate in Europe is no more than 15%.
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