Shenyang Machine Tool: wholly-owned subsidiary receives government subsidy of 4.8 million yuan.
Shenyang Machine Tool announced that its wholly-owned subsidiary, Shenyang Machine Tool Czech Friendship Factory Co., Ltd., received a government subsidy related to income of 4.8 million yuan in cash, accounting for 67.99% of the net profit attributable to the shareholders of the listed company in the most recent period audited. The subsidy is related to daily operating activities and is not sustainable. This fund is used to compensate for future period costs or losses and is recognized as "deferred income". As the corresponding project is in its initial stage, the exact impact on the profit and loss for the current year cannot be accurately estimated, and the final impact will be subject to audit results.
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