On the List! Minshin Awarded as a Leading Enterprise in Suzhou's Productive Service Industry
To accelerate the transformation and upgrading of Suzhou's productive service industry enterprises and cultivate a group of leading enterprises in Suzhou's productive service industry with independent brands and regional influence, in accordance with the "Notice on the Issuance of Several Opinions on Accelerating the Cultivation of Leading Enterprises in Suzhou's Productive Service Industry" (Sufu Gui Zi [2020] No. 5) issued by the municipal government, after enterprise application, preliminary review and recommendation by various localities, expert review, and online announcement, the municipal government has identified Suzhou Minsic Microelectronics Technology Co., Ltd. and 27 other companies as the second batch of leading enterprises in Suzhou's productive service industry, which are now announced.
It is understood that Suzhou will select about 60 leading enterprises in the productive service industry over three years. Scale-based and innovative enterprises that are newly recognized as leading enterprises in Suzhou's productive service industry will receive rewards to support them in increasing investment in independent brand building and technological research and development. They can also enjoy venture capital investment rewards, priority recommendation for project applications, financing and credit guarantee support, and first-purchase pilot support policies.
The productive service industry is the main force of the modern service industry, characterized by high professionalism, active innovation, high degree of industrial integration, and strong leadership. As leading enterprises with independent brands and national influence, the listed companies aim to further form a stronger leading and demonstration effect, leading the way and promoting the supporting industries to move towards the high end of the value chain.
In the first half of this year, Minsic achieved total operating revenue of 190 million yuan, a year-on-year increase of 40.2%; R&D investment continued to increase, with R&D expenses increasing by 81.32% year-on-year. With its continuously expanding scale and consolidating industry position, Minsic's innovation competitiveness and brand influence have also been further enhanced. Minsic is committed to becoming a world-leading provider of MEMS solutions.
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