Dongfeng Automobile gets $3.4m government subsidy, eyes 2025 profit boost

Dongfeng Automobile Company Limited recently received government subsidies totaling 3.439 million yuan. This amount represents 11.79% of the company's net profit attributable to shareholders for the 2024 fiscal year, as audited. The company's board of directors and all members guarantee the announcement's accuracy, truthfulness, and completeness.

The received government subsidies are related to the company's daily operations but are not considered sustainable. In accordance with "Accounting Standard No. 16 - Government Subsidies," these funds are recognized as income-related government subsidies.

The company anticipates that these subsidies will have a positive impact on its profits for the 2025 fiscal year. The specific accounting treatment and the final impact on the company's profit and loss for the year will be determined based on the annual audit confirmation by the auditing institution. Investors are advised to exercise caution regarding investment risks.