2025, the First Inspection Bureau of Xiangyang Tax Bureau of the State Administration of Taxation imposed a fine of about 114000 yuan on the illegal tax evasion of Xiangyang Conch New Material Science and Technology. The company has the illegal fact of underlisting income and underpaying taxes. It is reported that Xiangyang Conch New Material is a wholly-owned subsidiary of Anhui Conch Material Science and Technology, which is jointly owned by Anhui Conch Kechuang Material and other enterprises.
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