In the economic downturn, the Chinese government has renewed a new round of stimulus policies in order to achieve "steady growth." In addition to restarting infrastructure investments, stimulating consumption is another key initiative. The tens of billions of yuan of financial subsidies have been invested in various industries. In the name of “energy saving and environmental protection†and “huiminâ€, the industry that has benefited will have a carnival.
Such stimulus policies have been used repeatedly, but their role in the promotion of real consumption, the role of economic restructuring, the government departments have never made a specific assessment, the efficiency and supervision of the use of fiscal funds can not be discussed.
In fact, a series of "industry revitalization plans" and huge financial subsidies "three major projects" that were introduced in 2008 are not satisfactory. These financial subsidy policies may turn from the original intention of industrial development and innovation to the opium of spiritual dependence.
"Free lunch"
For industries such as home appliances and automobiles, financial subsidies are a “timely rain†because the financial subsidy policy introduced during the 2008 financial crisis has just expired, and a new round has come.
“In the past few years, we have been rethinking this question: What should we do if the subsidy policy is cancelled?†a marketer from Konka Group told reporters. This time, he feels relaxed again.
On May 16, the State Council executive meeting decided to arrange financial subsidies of 26.5 billion yuan to start promoting air-conditioning, flat-panel TVs, refrigerators, washing machines and water heaters that meet energy-saving standards. The promotion period is tentatively scheduled for one year; and 2.2 billion yuan is allocated to promote energy-saving lamps. And LED lights; arrange 6 billion yuan to support the promotion of energy-saving cars with 1.6 liters and below; arrange 1.6 billion yuan to support the promotion of high-efficiency motors.
According to the subsidy rules of several industries that have been introduced, the subsidy is in the form of price subsidies, that is, subsidizing the buyer on the basis of the actual transaction price. The price subsidy is the “dark subsidy†in the financial subsidy. The subsidy amount is generally advanced by the sales enterprise, and then the subsidy is received by the sales invoice and relevant certificates.
From the point of view of the rules, from June 1st, consumers can purchase a first-class fixed-speed and inverter air conditioner, flat-panel TVs can enjoy a maximum subsidy of 400 yuan. If it is a car's "old-for-new", one can get a subsidy of 18,000 yuan.
In addition to direct price subsidies, tax exemption is another way of subsidizing consumption. In the field of new energy vehicles, a new subsidy policy has been introduced on the basis of the old subsidy policy. The new policy stipulates that from 2011 to 2020, the purchase of pure electric vehicles and plug-in hybrid vehicles will be exempted from vehicle purchase tax; For energy-efficient vehicles, between 2011 and 2015, medium-heavy hybrid vehicles will be halved by vehicle purchase tax, consumption tax and vehicle and vessel tax.
Compared with the “dark supplementâ€, for the energy-saving and environment-friendly industries, “Mingbu†has a greater impact on the development of the industry, that is, financial subsidies directly to the upstream sectors of the industry.
In the new energy and enterprises with the "green company" aura, the amount of this subsidy has become the main source of profit for many companies. In the slogan of industrial upgrading, local governments have invested a large amount of financial subsidies in these new energy and new technology industries.
Taking the LED industry as an example, Sanan Optoelectronics and Dehao Runda are probably the two companies that have received the most financial subsidies. The net profit growth rates of the two companies in 2011 exceeded 100%, of which the government subsidies for the three. The contribution rate of An Optoelectronics' net profit reached 90%, while Dehao Runda was 79%.
DeHao Runda's operating profit in 2011 was 146 million yuan, while the total profit was 452 million yuan. Among them, about 300 million yuan of profit for its subsidiaries Wuhu Dehao Runda, Yangzhou Dehao Optoelectronics received the government "three science and technology" subsidies, and Wuhu Dehao Runda obtained high-tech enterprise certification led to lower income tax rate, less than the year-on-year payment 27.63%. The 13th financial subsidy obtained by Sanan Optoelectronics (including its holding subsidiary) in 2011 involved a total subsidy of 1.802 billion yuan.
Financial subsidies for enterprises are diversified, including financial subsidies, financial incentives, special support funds, loan interest subsidies, equipment subsidies, and coal subsidies.
Promote consumption?
The sluggish consumption and energy conservation and environmental protection are the basis for the government to introduce subsidy policies, but its actual effect is worthy of a big question mark.
An important reason why the home appliance and automobile industries were re-elected in the key subsidy industry is that in the consumer goods market statistics from January to May this year, the growth rate of retail sales of home appliances ranked first, and cars ranked third.
In the past three years or so, this has not been the case. Thanks to the subsidy policy of “three major projects†(energy-saving and environmental protection, home appliances going to the countryside, and trade-in) introduced in 2008, the growth rate of household appliances and automobile consumption has been kept higher than that. Growth data from previous years.
From this data, the fiscal subsidy policy is undoubtedly a “strong-hearted†role in stimulating consumption; it is undoubtedly popular for companies that can obtain a superior position in financial subsidies.
"Subsidies are positive for the promotion of industrial upgrading and consumption, although the specific subsidy rules will only come out in July, but it is still beneficial for the promotion of LED civilian market. At present, the civilian share of LED is less than 5%, LED lights The price is also much more expensive than ordinary incandescent lamps and energy-saving lamps, but from the perspective of low-carbon and energy-saving, price subsidies are conducive to market penetration.†Yang Siyu, general manager of Dehao Runda Brand and Marketing Department, told reporters.
However, the extent to which price subsidies can guide market consumption is not optimistic. Taking the LED industry as an example, according to industry estimates, the price of 2.2 billion yuan of financial subsidies may drive the price drop of 15%~20% of products, but in fact, the price of LED lighting industry changes rapidly, 3~6 The price will be lowered once a month, "the guiding role of subsidies is more than practical." Songxia Electric (China) Co., Ltd. light source business planning Weng Yipeng pointed out.
Such stimulus policies have been used repeatedly, but their role in the promotion of real consumption, the role of economic restructuring, the government departments have never made a specific assessment, the efficiency and supervision of the use of fiscal funds can not be discussed.
In fact, a series of "industry revitalization plans" and huge financial subsidies "three major projects" that were introduced in 2008 are not satisfactory. These financial subsidy policies may turn from the original intention of industrial development and innovation to the opium of spiritual dependence.
"Free lunch"
For industries such as home appliances and automobiles, financial subsidies are a “timely rain†because the financial subsidy policy introduced during the 2008 financial crisis has just expired, and a new round has come.
“In the past few years, we have been rethinking this question: What should we do if the subsidy policy is cancelled?†a marketer from Konka Group told reporters. This time, he feels relaxed again.
On May 16, the State Council executive meeting decided to arrange financial subsidies of 26.5 billion yuan to start promoting air-conditioning, flat-panel TVs, refrigerators, washing machines and water heaters that meet energy-saving standards. The promotion period is tentatively scheduled for one year; and 2.2 billion yuan is allocated to promote energy-saving lamps. And LED lights; arrange 6 billion yuan to support the promotion of energy-saving cars with 1.6 liters and below; arrange 1.6 billion yuan to support the promotion of high-efficiency motors.
According to the subsidy rules of several industries that have been introduced, the subsidy is in the form of price subsidies, that is, subsidizing the buyer on the basis of the actual transaction price. The price subsidy is the “dark subsidy†in the financial subsidy. The subsidy amount is generally advanced by the sales enterprise, and then the subsidy is received by the sales invoice and relevant certificates.
From the point of view of the rules, from June 1st, consumers can purchase a first-class fixed-speed and inverter air conditioner, flat-panel TVs can enjoy a maximum subsidy of 400 yuan. If it is a car's "old-for-new", one can get a subsidy of 18,000 yuan.
In addition to direct price subsidies, tax exemption is another way of subsidizing consumption. In the field of new energy vehicles, a new subsidy policy has been introduced on the basis of the old subsidy policy. The new policy stipulates that from 2011 to 2020, the purchase of pure electric vehicles and plug-in hybrid vehicles will be exempted from vehicle purchase tax; For energy-efficient vehicles, between 2011 and 2015, medium-heavy hybrid vehicles will be halved by vehicle purchase tax, consumption tax and vehicle and vessel tax.
Compared with the “dark supplementâ€, for the energy-saving and environment-friendly industries, “Mingbu†has a greater impact on the development of the industry, that is, financial subsidies directly to the upstream sectors of the industry.
In the new energy and enterprises with the "green company" aura, the amount of this subsidy has become the main source of profit for many companies. In the slogan of industrial upgrading, local governments have invested a large amount of financial subsidies in these new energy and new technology industries.
Taking the LED industry as an example, Sanan Optoelectronics and Dehao Runda are probably the two companies that have received the most financial subsidies. The net profit growth rates of the two companies in 2011 exceeded 100%, of which the government subsidies for the three. The contribution rate of An Optoelectronics' net profit reached 90%, while Dehao Runda was 79%.
DeHao Runda's operating profit in 2011 was 146 million yuan, while the total profit was 452 million yuan. Among them, about 300 million yuan of profit for its subsidiaries Wuhu Dehao Runda, Yangzhou Dehao Optoelectronics received the government "three science and technology" subsidies, and Wuhu Dehao Runda obtained high-tech enterprise certification led to lower income tax rate, less than the year-on-year payment 27.63%. The 13th financial subsidy obtained by Sanan Optoelectronics (including its holding subsidiary) in 2011 involved a total subsidy of 1.802 billion yuan.
Financial subsidies for enterprises are diversified, including financial subsidies, financial incentives, special support funds, loan interest subsidies, equipment subsidies, and coal subsidies.
Promote consumption?
The sluggish consumption and energy conservation and environmental protection are the basis for the government to introduce subsidy policies, but its actual effect is worthy of a big question mark.
An important reason why the home appliance and automobile industries were re-elected in the key subsidy industry is that in the consumer goods market statistics from January to May this year, the growth rate of retail sales of home appliances ranked first, and cars ranked third.
In the past three years or so, this has not been the case. Thanks to the subsidy policy of “three major projects†(energy-saving and environmental protection, home appliances going to the countryside, and trade-in) introduced in 2008, the growth rate of household appliances and automobile consumption has been kept higher than that. Growth data from previous years.
From this data, the fiscal subsidy policy is undoubtedly a “strong-hearted†role in stimulating consumption; it is undoubtedly popular for companies that can obtain a superior position in financial subsidies.
"Subsidies are positive for the promotion of industrial upgrading and consumption, although the specific subsidy rules will only come out in July, but it is still beneficial for the promotion of LED civilian market. At present, the civilian share of LED is less than 5%, LED lights The price is also much more expensive than ordinary incandescent lamps and energy-saving lamps, but from the perspective of low-carbon and energy-saving, price subsidies are conducive to market penetration.†Yang Siyu, general manager of Dehao Runda Brand and Marketing Department, told reporters.
However, the extent to which price subsidies can guide market consumption is not optimistic. Taking the LED industry as an example, according to industry estimates, the price of 2.2 billion yuan of financial subsidies may drive the price drop of 15%~20% of products, but in fact, the price of LED lighting industry changes rapidly, 3~6 The price will be lowered once a month, "the guiding role of subsidies is more than practical." Songxia Electric (China) Co., Ltd. light source business planning Weng Yipeng pointed out.
Corn Sheller,Hand Corn Sheller,Corn Sheller Machine,Hand Crank Corn Sheller
Hunan Furui Mechanical and Electrical Equipment Manufacturing Co., Ltd. , https://www.thresher.nl