On May 12, Xinhua News Agency reported on my country's economic growth in the first quarter of 2021. With the dividends of a series of tax and fee reduction policies issued by the Party Central Committee, Weihua promoted the "14th Five-Year Plan" strategy with high-quality development to get off to a good start and contributed to helping write a new chapter of China's great rejuvenation.
2021 is the first year for the implementation of Weihua Group's "14th Five-Year Plan" strategy. It is also the decisive year for Weihua to prepare for listing and move towards transformation and upgrading. Weihua Group closely adheres to the requirements of high-quality development, follows the development path of high-quality, high-yield, and high-income, and adheres to both epidemic prevention and control and corporate operations. In the first quarter, orders increased by 15.8% year-on-year; sales revenue increased by 11.1% year-on-year, maintaining the company's good development momentum.
In the first year of the “14th Five-Year Plan”, our country has made a series of arrangements for tax reduction and fee reduction policies and measures. In 2020, in the face of a rare impact in history, the Party Central Committee implemented phased large-scale tax and fee reductions, combined with institutional arrangements, to reduce the burden on market entities by more than 2.6 trillion yuan throughout the year, including 1.7 trillion yuan in social insurance premiums. As a national champion in the manufacturing industry, Weihua Group's sales revenue rose instead of falling in 2020, with overall sales revenue increasing by 30%.
At present, our country is in a critical period of realizing the great rejuvenation of the Chinese nation, and the economy has shifted from a stage of rapid growth to a stage of high-quality development. During the Two Sessions in 2021, General Secretary Xi Jinping emphasized: High-quality development is the theme of my country’s economic and social development during the “14th Five-Year Plan” and beyond, and is related to the overall situation of my country’s socialist modernization.
Standing at the intersection of two centuries of history, under the guidance of the core values of gentleman culture of "integrity, innovation, struggle, self-discipline, and responsibility", Weihua aims at the international cutting-edge technology of cranes and continues to innovate in the four aspects of "green, intelligent, customized, and networked", takes the initiative to take responsibility, concentrates on hard work, and strives to become a new force in building a new development pattern, building a modern economic system, and promoting the high-quality development of market entities in the new era!
