On August 14, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, and the Ministry of Industry and Information Technology issued a notice on corporate income tax policies for non-monetary asset exchange for integrated circuit companies and industrial parent machine enterprises. Bai Yanfeng, a professor at the School of Finance and Taxation at the Central University of Finance and Economics, believes that the above tax benefits will help reduce the tax burden associated with income from eligible asset transactions by relevant enterprises through deferred tax payments, encourage enterprises to replace assets, and improve the efficiency of asset allocation. Integrated circuits and industrial motherboards are key areas for the development of new quality productivity in China in recent years. The above tax incentives provide stable corporate income tax preferential expectations for related industries and promote the high-quality development of related industries during the “15th Five-Year Plan” period. Since this year, the performance of the industrial mother engine concept stock market has been quite diverse. According to the Securities Times and Databao statistics, by the close of trading on August 14, there were 14 industrial mother engine concept stocks that had accumulated a rise in stock prices during the year, accounting for less than half. Eight stocks have accumulated a cumulative increase of more than 10%, including Huarui Precision, Qiao Feng Intelligence, Genesis, Tianrun Industrial, Yuhuan CNC, Haozhi Electromechanical, Yujing, and Guosheng Zhike. Judging from the transaction situation, according to statistics from Databao, as of the close of trading on August 14, there were 14 industrial parent machine concept stocks with an average daily turnover increase of 10% or more over the previous month. Among them, Huadong CNC, Hengjin Sensing, Huazhong CNC, Heduang Intelligence, and Shenyang Machine Tool had the highest month-on-month increase.

On August 14, the Ministry of Finance, the State Administration of Taxation, the National Development and Reform Commission, and the Ministry of Industry and Information Technology issued a notice on corporate income tax policies for non-monetary asset exchange for integrated circuit companies and industrial parent machine enterprises. Bai Yanfeng, a professor at the School of Finance and Taxation at the Central University of Finance and Economics, believes that the above tax benefits will help reduce the tax burden associated with income from eligible asset transactions by relevant enterprises through deferred tax payments, encourage enterprises to replace assets, and improve the efficiency of asset allocation. Integrated circuits and industrial motherboards are key areas for the development of new quality productivity in China in recent years. The above tax incentives provide stable corporate income tax preferential expectations for related industries and promote the high-quality development of related industries during the “15th Five-Year Plan” period. Since this year, the performance of the industrial mother engine concept stock market has been very divided. According to the Securities Times and Databao statistics, by the close of trading on August 14, there were 14 industrial mother engine concept stocks that had accumulated a rise in stock prices during the year, accounting for less than half. Eight stocks have accumulated a cumulative increase of more than 10%, including Huarui Precision, Qiao Feng Intelligence, Genesis, Tianrun Industrial, Yuhuan CNC, Haozhi Electromechanical, Yujing, and Guosheng Zhike. Judging from the transaction situation, according to statistics from Databao, as of the close of trading on August 14, there were 14 industrial parent machine concept stocks with an average daily turnover increase of 10% or more over the previous month. Among them, Huadong CNC, Hengjin Sensing, Huazhong CNC, Heduang Intelligence, and Shenyang Machine Tool had the highest month-on-month increase.