---
title: "LYZY received a value-added tax refund of 28.7867 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223265138.md"
description: "LYZY announced that according to the relevant policies of the Ministry of Finance and the State Administration of Taxation, the resource comprehensive utilization products sold by the company can enjoy the value-added tax immediate collection and refund policy, with a refund rate of 70%. Recently, the company received a value-added tax refund of 28.7867 million yuan for May 2024, which accounts for 36.62% of the company's audited net profit for the year 2023"
datetime: "2024-12-25T11:13:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223265138.md)
  - [en](https://longbridge.com/en/news/223265138.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223265138.md)
generator: "portal-rs"
---

# LYZY received a value-added tax refund of 28.7867 million yuan

According to the announcement from ZhiTong Finance APP, LYZY (688196.SH) announced that, in accordance with the Ministry of Finance and the State Administration of Taxation's "Announcement on Improving the Value-Added Tax Policy for Comprehensive Resource Utilization" (Announcement No. 40 of 2021), the company can enjoy the immediate refund policy for value-added tax on the sale of self-produced comprehensive resource utilization products, with a refund rate of 70%. The company recently received a value-added tax refund of 28.7867 million yuan for the period ending in May 2024. This amount has reached 36.62% of the company's audited net profit for the year 2023, and the company disclosed this information in accordance with relevant disclosure rules

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**