Recently, in the process of China's economic development, local governments have all adopted effective measures, fully leveraging the "four ounces to move a thousand pounds" leverage effect of fiscal funds, and injecting powerful momentum into the high-quality development of the economy. From the coast to the interior, from high-tech industries to traditional manufacturing sectors, the guiding power of fiscal funds is omnipresent and has achieved remarkable results. The CCTV News Channel's "Morning News Across the Country" program has conducted a special report on this, and interviewed the company, Anhui VOOFU Permanent Magnet Technology Co., Ltd., as a typical representative, to introduce the effectiveness of the proactive fiscal policy in promoting the real economy, especially for technology-based enterprises.
During the interview, VOOFU Permanent Magnet Technology stated that with the support of the technology guarantee company, it has continuously provided "guarantee" impetus for the company's innovation and entrepreneurship. Ms. Wu Jing, the general manager, disclosed: "The investment for the new production line (Phase II) is estimated to be around 100 million yuan. According to regulations, the enterprise's own funds must reach at least 30% or more in order to start (the construction of the new production line)." It was precisely because of the early intervention of the technology guarantee company that the enterprise was able to raise abundant funds for the project construction; and the fiscal funds played a crucial role as a guarantee and backstop for the technology guarantee, which stimulated the enthusiasm of the enterprise for its own investment and made it possible for technological innovation to be transformed into real productive capacity.
In the growth trajectory of VOOFU Permanent Magnet Technology, the financial support has been like a series of "precious rainfalls", nourishing every inch of the land for the enterprise's development. Ancejiang Province actively established ten major emerging industry guiding funds. Among them, Hefei High-tech Venture Capital and Anhui Provincial Guoyuan Seed Fund took the lead and set an example, injecting 20 million yuan of early A-round investment into VOOFU Permanent Magnet. This crucial capital was like a spark, igniting the engine of the enterprise's innovation and development, helping the enterprise smoothly set sail in the early preparatory stages such as technological research and development, talent introduction, and market expansion. The subsequent B-round financing reached the level of 50 million yuan, injecting strong impetus for the enterprise's large-scale development and capacity expansion, enabling the enterprise to boldly invest in research and development, accelerate the transformation of scientific and technological achievements, and continuously enhance its product competitiveness.
Looking to the future, as the guiding role of fiscal funds continues to be deepened in various regions, VOOFU Permanent Magnet Technology will thrive under the favorable policies, and the high-end equipment manufacturing cluster will continue to grow and develop, moving forward towards the goal of becoming a world-class advanced manufacturing cluster, laying a more solid industrial foundation for the high-quality development of China's economy and writing a more glorious chapter of development.
Now, please take a look at the detailed report from CCTV:
https://app.cctv.com/special/m/livevod/index.html?vtype=2&guid=397afbdbac79452e8b6a32e84b0013be&vsetId=C10598
https://baijiahao.baidu.com/s?id=1819548135062174764&wfr=spider&for=pc
