The policy targets enterprises with annual revenues below 200 million yuan, offering VAT reductions (with the deduction ratio increased to 15%), accelerated depreciation (50% of costs depreciated in the first year), and local matching subsidies. Taking automotive component manufacturing as an example, laser welding machines replacing traditional welding processes reduced single-piece processing time from 3 minutes to 40 seconds, yielding annual electricity savings of 470,000 yuan. In the first month of implementation, equipment procurement surged by 210% month-on-month, with projections indicating it will generate 12,000 new jobs across the industrial chain.
