Baogang Group and its 16 affiliated enterprises in Baotou were recently selected among the second and third groups of National High-Tech Enterprises in Inner Mongolia Autonomous Region.

The achievement is a reflection of how much the group has improved, as well as the competitiveness and scientific and technological innovation capabilities of affiliated enterprises.

In recent years, Baogang has been vigorously developing five emerging industries, including resources and comprehensive utilization, logistics, coal coking chemical industry, saving energy, and equipment and modern services, setting new benchmarks for the development of manufacturing enterprises in Inner Mongolia.

"National High-Tech Enterprises" is a State-level enterprise qualification recognition led by the State Council and the Ministry of Science and Technology.

Recognized enterprises will enjoy a 15-percent preferential income tax rate as well as a series of practical preferential policies such as additional deductions for research and development expenses and employee training.

Additionally, the recognition will improve the management level of scientific and technological research and development of enterprises, and promote their brand image.