Year of the Rabbit
the first day of opening, the State Council to further encourage the development of software industry and integrated circuit industries a number of policy (the In addition to the old article 18, inherited the many preferential policies for packaging, the new article 18, further defined in more detailed areas.
release
even behind the industrial development of seven aspects
2000 No. 18 issued in the old text with a series of concessions and incentives to guide and protect the software industry, the first golden years. In the new article 18, the State Council once again clear, the software industry and IC industry is the state's strategic and emerging industries, national economic and social information is an important foundation. A total of 18 sets of new text thirty-one incentives, respectively, from fiscal policy, investment and financing policies, research and development policy, import and export policies, personnel policies, intellectual property policies, market seven aspects of the policy to encourage the development of software and integrated circuits, and clearly proposed tax incentives will continue to implement the software.
the industry have pointed out that the text of the new 18, more preferential policies, the state seeks to promote the software and IC industry to the depth direction.
s
thickening of net business tax concessions
the new provisions of article 18, our country will continue to implement preferential policies for software value-added tax, and further implement and improve the related business tax incentives to qualified software enterprises and integrated circuit design enterprises engaged in software development and testing, information systems integration, consultation and operation and maintenance, integrated circuit design and other services, exempt from sales tax, and simplify the relevant procedures.
this, Hai Tong Securities chief analyst at Computer & Communications Industry Mei wind that software and services for listed companies, value-added tax preferential policies for investors in the continuation of this policy is overdue to dispel the concerns, and more Aspect is the proposal that business tax incentives. Typically, the domestic software business services revenue to be -5% rate of 3% sales tax.
The statistics, 2009, A-share listed company's business software and services tax and an additional proportion of total operating revenue was 1.2%, accounting for about 10.8% share of net profit. Business tax incentives will be seen software and services companies a positive impact on the financial statements. Taking into account the business tax and surcharges included in the taxable amount of VAT based on the attached, business tax free in the assumptions, it is expected class A shares of listed companies software and services to thickening of the overall net profit of 5% -10%.
IC popular attention
TMT
CRE securities industry researcher Ma believes that the new No. 18 paper for a major change is the center of integrated circuit companies have tilted the income tax, which the future development of the integrated circuit industry is very beneficial.
18 under the new text, the integrated circuit line width of less than 0.8 microns (inclusive) of the IC manufacturing enterprises have been determined, the self-profitable year, the first year to second year exemption from enterprise income tax, the first three to five years, the statutory tax rate of 25% enterprise income tax reduced by half; article 18 of the original integrated circuit line width of less than 0.25 microns or investment of over 8.0 billion integrated circuit manufacturing enterprises, have been determined, the reduced rate of 15% income tax, which operate for a period of more than 15 years, since the profitable year, the first year to five-year exemption from corporate income tax, the sixth to the tenth year of the statutory tax rate of 25% half corporate income tax.
newly established within the territory of China IC design companies and qualified software companies, have been determined, the self-profitable year, to enjoy the enterprise income tax of , to meet the conditions of IC packaging, testing, key enterprises as well as special materials, special equipment integrated enterprise income tax benefits related to corporate giving.
Datong Securities Investment Consulting FU Yong Chong believes that this policy is clearly the investment and financing policies for integrated circuits to the central financial support for key projects, and in order to encourage integration of resources and China's IC industry to take bigger and stronger inter- Regional reorganization and acquisition. This series of policies will help the leading independent technology sub-industry, industry of the larger enterprises.
a clear future direction
Ma believes that the new article 18 is clearly another important feature of the national software and integrated circuit research and development direction.
research and development according to the text of the provisions of policy support, basic software, information networks for next-generation high-end software, industrial software, digital content, software, high-end chips, integrated circuits, equipment and technology, key integrated circuits materials, the development of critical applications and important development of technical standards as a major direction; infrastructure software, high-performance computing and general purpose computing platform, integrated circuit process development, critical materials, critical application software and chip design areas such as national key laboratories, National Engineering Laboratory, National Engineering Center and the Enterprise Technology Center into focus.
Fu Yong Chong pointed out that, in addition to domestic and preferential policies, the new article 18 to support software and integrated circuit was first proposed class enterprises Business also specifically instructed the Ministry of Commerce to create conditions for enterprises to expand in emerging markets. This is No. 18 in the old file is not.
mainly because China's current IC packaging and testing companies are mostly for overseas markets, to carry out assembly and test service outsourcing business, the new policy on packaging and testing companies in China will be a big plus.
market
Follower of fashion plate stocks
since the end of last year, 18 for every article with the new media market uncertainties related to the relevant industry's performance in the secondary market is bound to the force, often showing the wonderful blossom pattern, and yesterday was no exception.
yesterday morning, the Shanghai Index and Shenzhen Component Index Change near the line is still undecided, or related software and integrated circuit sector stocks had fashion, the first attack. In ChinaNetCenter, purple stock and other leading stocks led the way ratchet plate, and with the automotive, appliance and other industries to send the broader market rose plate will train side by side. Hot Stock plate during the frequent, Insigma, shock wave software, have intraday trading board, Royal Bank shares, in the end such Reith created the sky with the broader market.
as of yesterday's close, software and integrated circuits associated with two plates - plates and electronic components, electronic information sector rose 3.34%, respectively, and reported 2.68%, which stocks across the board within the electronic information received positive plate, the plate 103 of electronic components the only two stocks declined slightly, including the just Thai Holdings, Royal Bank shares such as stocks, including five daily limit, in the Reith-invasive, long among the biggest gainers of its software.
investment
Select from performance point of view
thickening of the company
Fu Yong Chong
more optimistic about the future development of IC industry. He believes that this new policy of clear support to continue to develop software and integrated circuit industry, the IC design, manufacturing and packaging and testing of these three sub-sectors have a clear policy of support, will help to keep the industry in recent years rapid growth, particularly in relation to sub-chip packaging industry companies, such as Hua-day technology, Changjiang Electronics Technology, Hangzhou Silan Microelectronics and so on.
Mei wind is recommended on the performance of business tax concessions from the thickening of the angle of the intensity select high quality companies.
the one hand, proposes a focus on services, thus accounting for the high proportion of companies with higher sales tax, such as space information, Neusoft Group; the other hand, proposes a focus on infrastructure software company, platform software companies and other technical software companies, because these the company will be the first to benefit from research and development support policy and intellectual property protection policies, such as China's software, hypergraph software.
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