The comprehensive recycling project of rare and precious metals invested by Yongxing Pengkun Environmental Protection Co., Ltd. is a vivid example of the strong support of the local government to promote the green development of enterprises.

 

During the preparation for the project, government departments of Yongxing County provided strong support in various aspects such as project planning and approval procedures and guided the company to obtain a central budget fund of 18.7 million yuan in 2023.

 

 

Thanks to the support of the government and its own efforts, the company achieved the operating revenue of 677 million yuan in 2024, up 43% year on year, with profits and taxes of nearly 15 million yuan.

 

“The government’s thoughtful assistance has greatly reduced our financial pressure. This not only strengthens our determination for green transformation and high-quality development, but also inspires us to make continuous innovation to improve the resource utilization,” said Zhou Duyao, deputy general manager of the company.

 

 

 

Besides, Chenzhou Xingcheng Environmental Protection Co., Ltd. is also one of the beneficiaries of the policies. In 2020, the company applied for the Comprehensive Recycling Project for Annual Processing of 2,000 Tons of Coarse Bismuth and Bismuth Alloy Waste with the vacant land of the factory area. 

 

During the project construction period, the company experienced a shortage of funds, and the county financial department helped the project raise 20 million yuan in financing. This not only provided financial support for the smooth progress of the project, but also increased the company’s credit line. The company won the title of 2024 Hunan Specialized, Refined, Characteristic and Innovative Small and Medium-sized Enterprise.

 

 

“With sufficient funds, we have increased investment in technology research and equipment updates. This has also significantly improved the quality and performance of our products, greatly enhancing their competitiveness. It’s expected to achieve an annual output value of 1 billion yuan, with an annual profit of 13 million yuan. This shows the huge development potential of our company and strengthens our confidence in development,” said Chen Yilin, deputy general manager of the company.

 

In 2024, Yongxing County achieved the total income of 125.1 billion yuan from technology, industry and trade in the parks, with the added value of large-scale industries increasing by 15.7% and industrial fixed assets investment rising by 19%. It helped 16 reserve projects in the parks obtain ultra-long term treasury bond and central budgets, with a total investment of 3.14 billion yuan.

 

 

It arranged special bond funds of 949 million yuan and allocated industry guidance funds of 350 million yuan. It continued efforts to promote the “two specialists” service and assisted 113 enterprises with 30 key projects. It helped enterprises with 55 agency services and made 146 credit commitments.

 

With the support of relevant departments, banking institutions issued loans totaling 4.14 billion yuan, jointly promoting the high-quality development of park economy.

 

 

 

“In 2025, we will continue efforts to optimize the business environment, including minimal approval and targeted support to help the rare and precious metal industry cluster develop towards a 100-billion-yuan advanced manufacturing industry cluster, and better support the high-quality development of the county economy,” said Tang Yiyi, director of the Development and Construction Bureau of Yongxing Economic Development Zone.

 

 

Chinese source: hunantoday