Advanced Scientific and Technological Innovation Brought Longking a Government Subsidy of Over 100 Million Yuan in 2019

【Published: 2019-12-11】

On the afternoon of December 9, A-share listed company Fujian Longking Co., Ltd.(600388.SH) issued a notice, saying that from January 1, 2019 to the date of the announcement, the company and its subsidiaries received a total of more than 104 million yuan of government subsidies, which will have a positive impact on the company's profits after being included in the current profits and losses of 2019. 

The announcement shows that Fujian Longking Co., Ltd.(600388.SH) and its subsidiaries have received various government subsidies, including tax return, technical subsidies, research and development expenses subsidies and industrial support funds, among which the top three are enterprise research and development expenses subsidies, industrial support funds and high-tech subsidies with a total amount of more than 40 million yuan.


Advanced technology has brought remarkable results

According to the third-quarter report, Fujian Longking Co., Ltd.(600388.SH) realized a revenue of 7.865 billion yuan in the first three quarters, with a year-on-year increase of 39.01%. By the end of the reporting, Longking's orders reached 19.561 billion yuan, which has already ensured the company's large-scale profits in the next two years.

While continuously setting a new record for the sustained and rapid growth of the environmental protection industry, various government subsidies totaling over 100 million yuan also show the great performance of Longking in 2019.

The subsidies the government provided for Longking mainly focus on technology, innovation and talents, which is obviously inseparable from Longking's strategy of focusing on scientific and technological innovation and sticking to advanced technology.

Since this year, the research and development of environmental protection technology of Longking has reached a new level. 

"Integrated Technology and Application of Converter Gas HLG Dry Deep Purification and Dust in Situ Reuse" from its subsidiary Xikuang Environmental Protection won the second prize of "2018 Environmental Protection Science and Technology Award";

With remarkable innovation, Longking's "Key Technology Development and Engineering Application of Major Smoke Control Equipment Simulation" is at the international advanced level. It has remarkable application effect and broad prospect in smoke control engineering, and has played a leading role in the innovation of smoke control technology. 

High-temperature ultra-clean electric bag composite dust collector has been successfully selected as a key new product of provincial industrialization and informatization. 

The optimization control system of LongKing Smart Environmental Protection Island won the Best Application Award of "2019 Industrial Internet Application and Practice". 

"Ultra-low Emission Coordinated Control Technology" from Wuhan Longking won the first prize for scientific and technological progress in Hubei province.

New World Environmentally Friendly Ozone Generator Won "Fujian Manufacturing Single Champion Product".

Up to now, Fujian Longking Co., Ltd. has successively won three national science and technology progress awards. The Ministry of Industry and Information Technology has identified itself as a "Single Champion Demonstration Enterprise in Manufacturing Industry". It has a number of national science and technology innovation platforms, undertaken more than 90 national and local science and technology innovation projects, granted more than 870 patents, and formulated more than 110 national and industry standards. Its technology level is in the leading position in China and some technologies have reached the current international leading level.

Environmental protection leader will benefit more under Matthew effect

At present, socialism with Chinese characteristics has entered a new era. China's economy has also changed from high-speed growth to high-quality development. Innovation has become the key force to promote growth. In order to support scientific and technological innovation, governments at all levels have issued corresponding policies and given different support from various aspects in order to realize the transformation of industrial structure and sustained and healthy economic development.

In fact, Fujian Longking Co., Ltd. has received various government subsidies every year in the past three years, including a total of over 92.25 million yuan in 2017, over 99.55 million yuan in 2018 and a direct breakthrough of over 100 million yuan this year. The increase of the number of subsidies shows that the company has become a representative favored by various government policies and bonuses.

As an enterprise focusing on research and development and application in the field of environmental protection for more than 40 years, Longking remains true to the original aspiration, it has continuously improved development in other environmental protection fields except air pollution protection in the past two or three years while putting emphasis on its air pollution control business. At present, the company has made progress in solid waste treatment, water pollution control, soil and ecological restoration and other fields, and has become an ecological and environmental protection comprehensive enterprise integrating environmental detection, system solution provision, high-end equipment manufacturing, pollution control and intelligent and environmental protection operation.

At present, under the background that the CPC Central Committee and the State Council attach great importance to the protection of the ecological environment, and the awareness of all departments and all circles of society to protect the ecological environment and promote the construction of ecological civilization has greatly improved, policies and market dividends related to the environmental protection industry are continuously released, and the sustainable competitiveness based on talents and innovation will expand greater development space for Longking.