---
title: "CRE: Wholly-owned subsidiary received government subsidy of 8.37 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/234769718.md"
description: "CRE announced that in March 2025, its wholly-owned subsidiary Hubei Qixin Renewable Resources Co., Ltd. received a government subsidy of 8.37 million yuan, accounting for 12.65% of the audited net profit attributable to the shareholders of the listed company for the year 2023. This government subsidy is related to income and will be included in the profit and loss for the current period of 2025. The government subsidy announced this time will have a certain impact on the company's profit in 2025, and the specific accounting treatment will be subject to the results confirmed by the annual audit by the accountant"
datetime: "2025-04-07T09:33:51.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/234769718.md)
  - [en](https://longbridge.com/en/news/234769718.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/234769718.md)
---

# CRE: Wholly-owned subsidiary received government subsidy of 8.37 million yuan

CRE announced that in March 2025, its wholly-owned subsidiary Hubei Qixin Recycling Resources Co., Ltd. received a government subsidy of 8.37 million yuan, accounting for 12.65% of the audited net profit attributable to shareholders of the listed company for the year 2023. This government subsidy is related to income and will be included in the profit and loss for the period of 2025. The government subsidy announced this time will have a certain impact on the company's profit in 2025, and the specific accounting treatment will be subject to the results confirmed by the annual audit by the accountant

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