Listed on the Shanghai Stock Exchange ·603950.SH
Announcement by Xiangyang Changyuan Donggu Industrial Co., Ltd. Regarding the Receipt of Government Subsidies
Release date:
2021-03-09
Security Code: 603950 Security Abbreviation: Changyuan Donggu Announcement No.: 2020-022
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Announcement Regarding Receipt of Government Grants
The Board of Directors and all directors of this company hereby certify that the contents of this announcement contain no false records, misleading statements, or material omissions, and they individually and jointly assume responsibility for the truthfulness, accuracy, and completeness of its contents.
I. Basic Information on Government Grants Received
From January 2020 to the date of this announcement, Changyuan Donggu Industrial Co., Ltd. of Xiangyang and its controlled subsidiaries have cumulatively received government subsidies totaling RMB 29,482,105.70. Of this amount, RMB 4,419,623.00 was related to assets and RMB 25,062,482.70 was related to income; the impact on the company’s net profit attributable to shareholders of the listed company amounted to RMB 25,062,482.70. Specific details are as follows:
|
Serial number |
Awarding Unit |
Project |
Time received |
Subsidy Amount (CNY) |
Subsidy Type |
Basis of the document |
|
1 |
Changyuan Donggu |
Project Training Expenses for the Third Quarter of 2019 |
January 2020 |
1,250,000.00 |
Related to income |
“Request for Approval to Cover Various Expenses of the City-Wide Third-Quarter Project Inspection Activity” |
|
2 |
Changyuan Donggu |
2019 Tax Contribution Award |
March 2020 |
391,000.00 |
Related to income |
Notice on the Results of the 2019 District-Wide Economic Work Assessment (Xiangzhou Document Office [2020] No. 6) |
|
3 |
Changyuan Donggu |
2019 ICBC Loan Interest Subsidy |
March 2020 |
16,394,500.00 |
Related to income |
Project Investment Agreement |
|
4 |
Changyuan Donggu |
Employment Stabilization Subsidy |
May 2020 |
326,982.70 |
Related to income |
Notice on Launching the 2020 Application Process for Unemployment Insurance Premium Refunds to Support Employment for Insured Enterprises |
|
5 |
Changyuan Donggu |
Special Reward for Going Public |
June 2020 |
4,000,000.00 |
Related to income |
Opinions of the Municipal People’s Government on Further Promoting Corporate Listings |
|
6 |
Changyuan Donggu |
Special Reward for Going Public |
July 2020 |
2,500,000.00 |
Related to income |
|
|
7 |
Beijing Changyuan |
Intellectual Property Awards |
September 2020 |
200,000.00 |
Related to income |
Patent Implementation Project Agreement |
|
8 |
Changyuan Donggu |
Special Funds for Subsidizing Interest on Imported Equipment |
November 2020 |
3,159,528.00 |
Asset-related |
Notice of the Provincial Department of Commerce on Issuing the Detailed List of Project Subsidies for the 2020 Central Special Fund for Foreign Economic and Trade Development (Import Interest Subsidy Program) |
|
9 |
Xiangyang Langhong |
Special Funds for Subsidizing Interest on Imported Equipment |
November 2020 |
1,260,095.00 |
Asset-related |
|
|
|
Total |
29,482,105.70 |
- |
- |
||
The company has recognized the aforementioned items in accordance with the relevant provisions of Accounting Standard for Business Enterprises No. 16—Government Grants and classified the grants accordingly. II. Types of Subsidies and Their Impact on Listed Companies
The foregoing data have not been audited. The specific accounting treatment and the ultimate impact on the Company’s profit or loss shall be subject to the results confirmed by the annual audit conducted by the accountants. Investors are advised to take note of the associated investment risks.
This is hereby announced.
Xiangyang Changyuan Donggu Industrial Co., Ltd.
Board of Directors
2020 November 24th
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Xiangyang Changyuan Donggu Industry Co., Ltd.
396 Zuanshi Avenue (Hongshantou Industrial Park), Xiangzhou District, Xiangyang, Hubei 441104, China
SSE Main Board: 603950
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