Youon Technology Subsidiaries Obtain High-tech Enterprise Certifications

MT Newswires Live

02/14

Youon Technology (SHA:603776) said its subsidiaries received high-tech enterprise certifications from Jiangsu provincial authorities, granting them tax benefits for three years.

Kexin Yongan renewed its high-tech enterprise certification, while holding subsidiary Hydrogen Energy Technology earned its first such certification, according to a Friday filing with the Shanghai bourse.

The certifications make both entities eligible for a reduced corporate income tax rate of 15% from 2024 to 2026.

Shares of the technology company closed 3% higher Friday.

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