How can enterprises in the energy and environmental protection industry implement the photovoltaic rooftop leasing invoice issuance for individuals system?

Simplify operations through technical solutions in steps such as facial recognition authentication and tax payment for natural persons, improving their willingness to cooperate with invoicing; adapt to policy differences across provinces to enable invoice issuance.

What problems existed before Jolywood launched invoice issuance for individuals?

After China Golden Tax Phase IV, tax bureaus no longer recognize informal receipt booking, and listed companies must be fully compliant; the business of leasing farmers' rooftops to install solar power generation equipment spans 13 provinces nationwide, and local tax bureaus have inconsistent requirements for individual invoicing, resulting in less than 5% of the input VAT invoices that should be obtained, posing high financial and tax risks.

What results were achieved after Jolywood's invoice issuance for individuals project went live?

Input VAT invoice acquisition ratio increased from less than 5% to 78%; of 13 provinces with business operations, 3 provinces have been successfully launched.

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Energy and Environmental ProtectionInvoice issuance for individuals

Jolywood · Jolywood (300393) photovoltaic power generation

Jolywood | Invoice issuance for individuals for rooftop leasing, input VAT invoices 5%→78%

5%→78%Input VAT invoice acquisition

3/13 provincesSuccessfully launched in the province

Enterprise overview

Jolywood is a national-level high-tech enterprise specializing in the R&D and manufacturing of solar technology products. It was listed on the A-share ChiNext in 2014 (300393), had revenue of RMB 12.259 billion in 2023, ranks among the Global Top 500 New Energy Enterprises, and is headquartered in Suzhou.

Business pain points

After China Golden Tax Phase IV, tax bureaus no longer recognize informal receipt booking, and listed companies must be fully compliant
The business of renting rural household rooftops to install solar power generation equipment is distributed across 13 provinces nationwide. Tax authorities in different regions have inconsistent requirements for invoice issuance for individuals, resulting in less than 5% of the input VAT invoices that should be obtained, posing high financial and tax risks

Solutions

Simplify operations through technical solutions in steps such as facial recognition authentication and tax payment for natural persons, improving their willingness to cooperate with invoicing
Adapts to policy differences across provinces to enable invoice issuance

Results achieved

Input VAT invoice acquisition ratio increased from less than 5% to 78%
Among the 13 provinces with business operations, 3 provinces have been successfully launched