On July 1^st, when the nation is celebrating the centennial anniversary of the Chinese Communist Party, Mr Xin Peng, Chairman of Tysim and Ms Zhang Fen, Finance Director of Tysim, each received a special letter of appreciation from Mr Li Jun, Director of the Taxation Bureau of HuiShan District, Wuxi City, the State Administration of Taxation.

Quoting the content of the letter “Thank you for your care, understanding and support over the years. Congratulations on receiving the title of "2020 Class A Honor Tax paying  Enterprise". Since a long time, you have been strictly abiding by the law of business, paying tax according to law, gathering sources of taxation, and creating social wealth all for the positive contribution to the economic and social development of HuiShan District. Under your leadership, the finance personnel and tax personnel of your company have won wide praise from the tax department with their strict tax compliance, upright business accomplishment and effective communication skills. We are proud to have a reliable enterprise and a responsible entrepreneur like you in HuiShan."

It is worth mentioning that this latest award is on top of the another two titles of "2020 Advanced Foreign Trade Enterprise" and "2020 Development Potential Award" awarded by the relevant institutions.  

Established in 2011, TYSIM Piling Equipment Co., Ltd. is a professional enterprise focusing on the R&D and manufacturing of small and medium sized piling equipment. It is a member unit of the National Foundation Construction Standards Committee and a director unit of the Pile Workers Branch of the China Construction Machinery Industry Association. Tysim obtained high-tech enterprise certification in 2015, and passed ISO9001 quality system certification and Jiangsu privately owned technology enterprise certification. Up to now, Tysim has registered more than 40 patents, and all products have passed the European CE certification. Dedicated to R&D for ten years, Tysim has developed a complete series of small and medium sized rotary drilling rigs, including single load transportation small rotary drilling rig series, CAT chassis series of small and medium rotary drilling rigs, modular rotary drilling rigs, fully hydraulic pile cutters, and excavator telescopic arm as well as multifunctional rotary drilling series with CFA long screw construction method and ES series low headroom KR125ES, KR150ES, KR220ES, KR300ES rotary drilling rigs.

In recent years, TYSIM has expanded the external market and strengthened the internal management. Under the leadership of Chairman Xin Peng and with the joint efforts of all the employees of the company, the operating income has increased year by year. In 2020, TYSIM overcome the epidemic and resumed work and production safely. In 2021, TYSIM strives to develop its core advantages by focusing on Compaction, Customization, Versatility and internationalization, and has made breakthroughs in terms of the market expansion of new products, the provision of comprehensive service and the upgrade of organizational structure. Meanwhile, TYSIM offered and put forward the business philosophy "achieve progression with partners", improved itself to be all-around service enterprise which aid and support customers, and provide sales, customization, leasing, construction, training and other services. In 2020, the sales revenue reached 120 million yuan, which is considered to be a gratifying performance.

Concurrently, the financial staff of TYSIM constantly improve the level of financial management, rigorously fulfill their tax obligations, and has never experienced point deduction related to taxation matters, hence TYSIM obtained the title of "2020 GRADE A honor Tax paying Enterprise " as awarded by the national tax department.

Experts pointed out that with the continuous advancement of our country's social credit system, good tax credit has gradually become a golden medal which helps enterprises to participate in market competition. Companies that won the A class tax credit rating not only can enjoy the many tax convenience policies provided by the tax agency, but also can obtain priority considerations and incentives in the fields of bidding, financing, etc., meanwhile, it will provide qualifications that has significant influence in assisting companies to be considered in projects and in applying for enterprise qualification, thereby further enhancing the power of enterprises in market competition.

2021 is the first year of the 14th Five-Year Plan. Standing at the intersection of China’s "two centenary" goals and the beginning of the "14th Five-Year Plan", under the "dual cycle" new economic development pattern, TYSIM will serve the country by striving towards industry development, continue to forge and develop its core technology, endeavor as the backbone of the pile industry; It is determined to diligently cultivate the market layout, constantly develop its core technologies and services and create more values for the market and customers with the hard power, soft power, and the spirit of perseverance. Meanwhile, the company will also continue to adhere to the ideology of "integrity management, tax payment according to law", and make rightful contributions to the country's economic development!