FilingReader Intelligence

Xinjiang western animal husbandry subsidiaries receive CNY 13.77m boost

April 17, 2025 at 05:01 AM UTCBy FilingReader AI

Xinjiang Western Animal Husbandry (SZSE:300106) announced that its wholly-owned subsidiary, Xinjiang Tianshan Yunmu Dairy Co., Ltd., and its holding subsidiary, Xinjiang Shihezi Garden Dairy Co., Ltd., recently received government subsidies totaling CNY 13,765,695. The subsidies, granted by the Shihezi City Agriculture and Rural Affairs Bureau, are part of the "Eight Division Shihezi City Dairy Farming and Dairy Products Processing Enterprise High-Quality Development Support Program," and are allocated for fresh milk purchases and transportation expenses for products shipped out of Xinjiang. Tianshan Yunmu Dairy received CNY 20,080 on April 15, 2025, while Garden Dairy received CNY 13,745,615 on April 16, 2025. The company intends to classify them as income-related subsidies and account them as other income. The company estimates the subsidies will impact Tianshan Yunmu Dairy's 2025 net profit by CNY 20,080 and Garden Dairy's 2025 net profit by CNY 13,745,615, pending the annual audit by the accounting firm.

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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