As a shareholding subsidiary of “ xinchao industry ” , the listing company ( shanghai security code : 600777 ) , yantai xinmu cable co ltd . is a foreign - invested high - tech enterprise in shandong province , with business covering r & d , production and operation of broad - band network lan cable and catv high physical foaming cable series under “ xinmu ” brand 新牟电缆有限公司是上市公司新潮实业股份有限公司“新潮实业”股票代码600777的控投子公司，系山东省高新技术企业和外商投资先进技术企业，主要从事“新牟牌”宽带网络数据电缆和catv高物理发泡同轴电缆系列产品的研制开发和生产经营。
Advanced technology enterprises invested in and operated by foreign businesses which remain advanced technology enterprises after the period of enterprise income tax exemptions or reductions has expired in accordance with the provisions of the tax law may continue to pay for an additional three years enterprise income tax at the tax rate specified in the tax law reduced by one half 八)外商投资举办的先进技术企业，依照税法规定免征、减征企业所得税期满后仍为先进技术企业的，可以按照税法规定的税率延长三年减半征收企业所得税。
Enterprises in which foreign investors have reinvested in respect of the organization or expansion thereof which within three years of commencing production or operations have not achieved the standards in respect of export - oriented enterprises or have not continued to be confirmed as advanced technology enterprises shall repay 60 % of the amount of tax refunded 外国投资者直接再投资举办、扩建的企业，自开始生产、经营起三年内没有达到产品出口企业标准的，或者没有被继续确认为先进技术企业的，应当缴回已退税款的百分之六十。
