Oriental Yuhong subsidiaries receive significant government subsidies

Beijing Oriental Yuhong Waterproof Technology Co., Ltd. (stock code: 002271) recently disclosed that its subsidiaries received 11 government subsidies, totaling 15,784,922.44 yuan. These subsidies are categorized as income-related and are expected to positively impact the company's 2025 net profit.

Notably, a significant portion, 10,628,800.00 yuan, was granted to Shanghai Oriental Yuhong Waterproof Engineering Co., Ltd., representing 9.83% of the company's 2024 audited net profit attributable to shareholders.

The total amount of government subsidies received is projected to influence the company's 2025 total profit by 15,784,922.44 yuan, representing 14.59% of the 2024 audited net profit attributable to shareholders. The company confirmed that all listed subsidies have been received in cash.

Under accounting standards, these income-related government subsidies will be recognized as other income, contributing directly to the company's profitability. Investors are cautioned that the final accounting treatment and impact on total profit will be subject to annual audit confirmation by the accounting firm.