---
title: "CRE: Wholly-owned subsidiary received government subsidies of 8.69 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239281549.md"
description: "CRE announced that its wholly-owned subsidiary, Zhongzai Resource Recycling Co., Ltd., received a government subsidy of 8.69 million yuan in April 2025. This subsidy is related to revenue and accounts for 38.67% of the audited net profit attributable to shareholders of the listed company for the fiscal year 2024. According to the relevant provisions of \"Enterprise Accounting Standard No. 16 - Government Subsidies,\" the company will recognize this subsidy in the current profit and loss for 2025. This government subsidy announced will have a certain impact on the company's profit in 2025"
datetime: "2025-05-08T08:09:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239281549.md)
  - [en](https://longbridge.com/en/news/239281549.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239281549.md)
---

# CRE: Wholly-owned subsidiary received government subsidies of 8.69 million yuan

CRE announced that its wholly-owned subsidiary Zhongzai Shengzi Recycling Co., Ltd. received a government subsidy of 8.69 million yuan in April 2025. This subsidy is a revenue-related government grant, accounting for 38.67% of the audited net profit attributable to shareholders of the listed company for the fiscal year 2024. According to the relevant provisions of "Accounting Standard for Enterprises No. 16 - Government Grants," the company will recognize this subsidy in the current profit and loss for 2025. This government subsidy announced will have a certain impact on the company's profit in 2025

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