Oriental Yuhong subsidiaries receive 11.6m yuan in government subsidies

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. announced its subsidiaries have received a total of 67 government subsidies since the last disclosure, amounting to 11,611,658.46 yuan. This sum is expected to impact the company's total profit for 2025, representing 10.73% of its 2024 audited net profit attributable to listed company shareholders. The latest batch of seven government subsidies alone totals 4,972,503.00 yuan.

The majority of the recent subsidies, 11,565,258.46 yuan, are income-related and will be recognized as other income. An additional 1,160,000.00 yuan in asset-related government subsidies was received, which will be recognized as deferred income and amortized over the asset's useful life. The amortization is estimated to contribute 46,400.00 yuan to the 2025 total profit.

The company will follow relevant accounting standards for these subsidies, and the final impact on its financial figures will be subject to the annual audit by its accounting firm. Investors are cautioned to consider the inherent risks.