Tianrun Dairy receives RMB 31.13m in government subsidies

Xinjiang Tianrun Dairy Co., Ltd. (SSE:600419) announced that it and its subsidiaries received government subsidies totaling RMB 31.13 million between March 12 and March 21, 2025. These subsidies, categorized as income-related, will be recognized in profit or loss, or used to offset related costs, with a projected positive impact on the company's 2025 financial performance. The subsidies primarily consist of funding for dairy farming, forage storage, milk powder and cheese processing, key technology research, and general operational support. The specific accounting treatment and the final impact on the company's profits and losses will be subject to confirmation during the annual audit. The subsidies account for 21.92% of the company's net profit attributable to shareholders of listed companies for the year 2023.