At the 2009 Hangzhou Investment Attraction Conference held recently, China National Heavy Duty Trucks Corporation was awarded the title of “Large Taxpayer for Investment Companies in 2008 in Hangzhouâ€. Secretary of the Standing Committee of the Zhejiang Provincial Party Committee and Secretary of the Hangzhou Municipal Party Committee Wang Guoping expressed gratitude to the 50 major domestic taxpayers for tax-paying investment companies for their contributions to Hangzhou's sound and rapid economic development in 2008, and encouraged the investment companies in Hangzhou to further grow bigger and stronger.
In 2008, Hangfa made great efforts to overcome the unfavorable factors brought about by the financial crisis and corporate relocation, seize opportunities, make progress and pay taxes in accordance with the law, and made positive contributions to the sustained and stable development of the economic society in Hangzhou. As the key year for the relocation and cross-river development of Hangfa, the company’s cadres and employees developed a glorious tradition of courage and hard work. With strong cohesiveness and combat effectiveness, they quickly realized the normal operation of the new factory, while complying with the market development, through fine management, Improve the quality, and constantly build the company's core competitiveness. In 2008, with product upgrades, hot sales of new EGR engines and continuous development of the Group's external markets, the company has paid 7.2 million yuan of state tax and paid 31.01 million yuan of land tax.
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