Xinjiang Tianrun Dairy subsidiary receives significant government grant, boosting 2025 profit

Xinjiang Tianrun Dairy Co., Ltd. announced that its wholly-owned subsidiary, Alar Xinnong Dairy Co., Ltd., recently received a government subsidy of 7,909,400.00 yuan. This subsidy is classified as income-related and represents 18.12% of the company's audited net profit attributable to shareholders for the 2024 fiscal year.

In accordance with "Enterprise Accounting Standard No. 16 – Government Subsidies," the company will directly recognize this amount in its profit and loss or offset related costs and expenses. This is projected to increase the company's net profit attributable to listed company shareholders by 7,909,400.00 yuan for the 2025 fiscal year.

The company emphasizes that the specific accounting treatment and the final impact on its profit and loss are subject to the annual audit confirmation by an auditing institution. Investors are advised to be aware of potential investment risks.