Xinhua Department Store receives CNY 714.64k in subsidies

Yinchuan Xinhua Department Store Commercial Group Co., Ltd. (SSE:600785) disclosed that it received government subsidies totaling approximately CNY 714.64 thousand during the first quarter of 2025. All subsidies are categorized as income-related. The company anticipates that these subsidies, including deferred income from previous years, will positively impact its first-quarter 2025 profit by CNY 746.21 thousand. The final accounting treatment is subject to the auditor's annual audit. The subsidies include CNY 300 thousand received in February 2025, CNY 361 thousand received in March 2025, and CNY 53.64 thousand received between January and March 2025. In addition, there are CNY 31.57 thousand of asset-related subsidies. The overall amount represents 5.30% of the company's most recently audited net profit.