The government has strict rules of identifying high-new technology enterprises. The enterprises should hold independent ownership of core intellectual properties of their products (service), which must fall within the “Scope of State-encouraged High-new Technologies”. The regulation stipulates the percentage of research and development (R&D) employees and the ratio of R&D expenditures to the total sales. There are detailed requirements as well on R&D management, achievement transformation capability, number of intelligent properties, sales and total assets growth.

Identification of high-new technology enterprises uses percentile scoring. It comprises of 30 points for intelligent properties, 30 points for achievement transformation, 20 points for R&D and Management and 20 points for enterprise growth ability. The total score should be over 70 to be eligible.

Wuhan Kebei Technology Co., LTD. passed the evaluation and has been identified as a high-new technology enterprise. The picture is the certificate awarded.