Research and Development Status of Yabao Pharmaceutical

On June 3, 2008, the Provincial Department of Science and Technology, the Provincial Department of Finance, the Provincial State Taxation Bureau and the Provincial Local Taxation Bureau recognized Yabao Pharmaceutical as a high-tech enterprise in accordance with the unified national recognition standards, and enjoyed the national preferential tax policy, with income tax reduction 10%, that is, interest concession 15%. Yabao Pharmaceutical has a strong R&D strength, and has set up R&D institutions in Beijing, Taitai and Ruicheng respectively, and established a three-dimensional R&D network. The company's annual R&D investment accounts for more than 5% of annual sales revenue.

National enterprise technology center

The Enterprise Technology Center of Yabao Pharmaceutical Group was established in 1998, and was recognized as a provincial enterprise technology center by Shanxi Provincial People's Government in 1999.

On September 26th, 2008, it was approved by People's Republic of China (PRC) National Development and Reform Commission, Ministry of Science and Technology, Ministry of Finance, General Administration of Customs and State Taxation Administration of The People's Republic of China.

The Enterprise Technology Center of Yabao Pharmaceutical Group is a nationally recognized enterprise technology center and one of the fifteen enterprises enjoying preferential policies.