The maximum subsidy for exchanging old for new equipment in Wenlin Technology is 100000 yuan
According to professionals, industrial upgrading has become the focus of China's economic development, and policy orientation determines the direction of the economy. Before the two sessions, the central government's tone was to replace equipment with new ones. After the two sessions, Premier Li Qiang held a special meeting to promote equipment renewal and the exchange of old appliances and cars. Equipment updates promote the upgrading and transformation of domestic industries to enhance international competitiveness, while the replacement of old appliances and cars drives domestic demand.
Why do we need to replace the device?
1、Enhance competitiveness.
Many card factories were built between 2000 and 2010, using simple double tower press machines, and some using iron plate heating with CNC pressure and temperature display. Due to their unreasonable design, the heating distribution is uneven. After more than a decade of use, this type of machine has serious aging, power consumption problems, and certain defects in pressure and temperature. When producing high-quality and demanding products, it can bring serious hidden dangers. With the recovery of the global economy, the decline and replacement of industries, and the high pressure of market competition, global production capacity is showing an oversupply trend. Equipment rejuvenation refers to equipment, which is actually an improvement of the survival of the fittest industry. In the future, it is an upgrade elimination race, and without domestic industry competition, it will not be able to compete with international competition.
2、Favorable economic environment
The National Bureau of Statistics released national CPI and PPI data for April 2024 on the 11th. Data shows that the CPI in April increased by 0.3% year-on-year, an increase of 0.2 percentage points compared to the previous month. As of April, the CPI has maintained a positive year-on-year growth for three consecutive months. In April, multiple economic data were released, and the Chinese economy began to transform towards a positive direction. Trading in old for new can better seize the opportunities of economic growth and achieve rapid development of business and efficiency.
3、Policy and financial support
At the fourth meeting of the Central Committee of Finance and Economics held in February this year and the issuance of a new round of large-scale equipment renewal plans by the State Council, the aim is to promote investment and consumption. With a huge market loan of over 5 trillion yuan per year, local governments have successively introduced preferential policies for enterprises with a maximum subsidy of 50% for equipment renewal. Equipment investment launched in the later stage will be given priority to obtaining medium - and long-term bank loans, and the implementation of equipment renewal policies will continue to be rapidly promoted. Government funding support can not only reduce the cost of exchanging old for new, but also provide more development opportunities.
4、Industry recovery
After the "Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Exchange" issued by the State Council on March 7th, the automotive and home appliance industries in various parts of the country successively introduced and promoted the implementation of exchange policies in April 2024. The central government and local governments coordinated to arrange funding support and increase the implementation of fiscal and financial support policy plans, striving to achieve the goal of 2025. Various industries have carried out large-scale trade ins, providing a good market atmosphere and reference experience for enterprises to trade in old for new. With the recovery of the economy, various industries are trending towards prosperity, and the demand for the card industry is also constantly increasing.
To comply with policy guidance and promote the pace of equipment renovation, Wenlin Technology aims to achieve automation instead of manual labor. The main purpose of the "Wenlin Intelligent Manufacturing 2025" event is to revitalize the equipment and leverage the transformation of enterprises into new ones. Intelligent manufacturing, replacing manual labor, using intelligent services for intelligence, improving equipment efficiency and energy conservation, and supporting the development of the smart card industry. Equipment updates will effectively enhance the international competitiveness of domestic enterprises and bring strong impetus to them. Wenlin Technology has listed the action plan for exchanging old for new equipment as an important task for the company in 2024. After discussion, the company has made a subsidy policy for Wenlin card making equipment, with a maximum subsidy of 100000 yuan per unit, starting from May 20, 2024 and ending on January 1, 2025. For details, please consult the sales personnel of Wenlin Technology.