The branch is a non-legal entity, and its finance can be accounted independently. Other organizational structures and functional departments can be determined according to needs, and corporate income tax can be paid in summary with large companies.
A subsidiary is a legal entity with a complete organizational structure and functional departments, and can only pay enterprise income tax at the place where the company is registered.
Construction department: responsible for the construction projects of large companies.
Operation branch: responsible for the procurement and production of large companies.
Wholly-owned subsidiary: there is only one large company as shareholder, and the large company owns 100% equity.
Holding subsidiaries: There are other shareholders besides large companies (that is, subsidiaries have at least two shareholders). Among all shareholders, a large company holds the largest proportion of shares, or although it is not the largest, it has the actual control and management rights of its subsidiaries.
Shareholding subsidiaries: There are other shareholders besides large companies (that is, subsidiaries have at least two shareholders). Among all shareholders, large companies have not the largest shareholding ratio, or although they have the largest shareholding ratio, large companies have no actual management and control over their subsidiaries.