Kunming Area cashed over 160 million yuan in support funds

Recently, Kunming Area of China (Yunnan) Pilot Free Trade Zone (Kunming Economic and Technological Development Zone) cashed support funds to 53 enterprises, totaling 162.525 million yuan.


Meanwhile, Kunming Area rewarded the top 20 enterprises by revenue in 2021, and other rewarded companies and units who are outstanding in business, green development, scientific and technological innovation, etc.

Yunnan Tin Industry Tin Material Co., Ltd. has been settled in Kunming Economic and Technological Development Zone since 2007, and has been strongly supported by the Management Committee.

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“In recent years, the Management Committee gives enterprises about 5 million yuan in scientific and technological research and development every year, which strongly promotes us to focus on the research and development of tin new materials, and actively research information materials with high added value, high technological content and high market potential.” Wei Xiaogang, general manager of Yunnan Tin Industry Tin Material Co., LTD., introduced that based on technology and product innovation, the company withstood the pressure this year, achieving revenue of 2.1 billion yuan and profit of 60 million yuan in the first quarter.

ZTO International Southeast Asia Management Center won the evaluation of outstanding contribution to business, outstanding contribution to green development, and received 5.79 million yuan of support funds.

Li Jiping from ZTO International Southeast Asia Management Center said, “We received ‘nanny-style’ service in the Kunming Area.” Since the beginning of this year, international logistics business has been greatly affected by the epidemic. Li Jiping introduced that ZTO International Southeast Asia Management Center reached a cooperation agreement with Thailand's Ministry of Agriculture. The support funds will be used to purchase vehicles, sorting equipment and so on, to boost the development of the enterprise.

Last year, the Kunming Area revised and issued the “1+4+N” series of policies for high-quality development, with a total of 860 million yuan of various support funds to enterprises, implemented the policy of cutting taxes and fees, reduced the burden on enterprises by 890 million yuan. 58 enterprises above state designated scale and 40 new high-tech enterprises were newly settled in the area. 1.89 billion yuan was invested in R&D, ranking first in the province.

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(Editors: Christine, Rachel)

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