MFSP received a government subsidy of 11.2 million, expected to impact annual profits

On September 3, 2025, Minfeng Special Paper Co., Ltd. received a central air pollution prevention fund of 10.08 million yuan and matching county-level funds of 1.12 million yuan from the Haiyan Branch of the Jiaxing Ecological Environment Bureau, totaling 11.2 million yuan. This subsidy amount accounts for 15.56% of the company's audited net profit for the most recent fiscal year and is classified as a government subsidy related to income. According to relevant accounting standards, this subsidy will be recorded in the accounting items related to income. It is expected that this subsidy will have a certain positive impact on the company's profits for the year 2025, but the specific accounting treatment and its impact on the annual profit and loss will be subject to the confirmation results of the annual audit by the auditing agency. The company reminds investors to pay attention to investment risks