FilingReader Intelligence

Ningbo Marine announces CNY 4.42m in government subsidies

May 17, 2025 at 05:12 AM UTCBy FilingReader AI

Ningbo Marine announced that it has received government subsidies totaling CNY 4.42 million. These subsidies are categorized as income-related and will be recognized in the company's 2025 financial results, specifically impacting net profit. The company will account for these subsidies according to accounting standards, recognizing them as other income. While the subsidy amounts are still unaudited, the company noted that the final accounting treatment and impact on financial figures will be subject to the auditor's review. The board of directors cautioned investors to be mindful of investment risks associated with this announcement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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