---
title: "WOTE: The holding subsidiary received a government subsidy of 1.85 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/229400235.md"
description: "WOTE announced that its holding subsidiary, Zhejiang Kesai New Materials Technology Co., Ltd., recently received a government subsidy of 1.85 million yuan, which has already been credited. This subsidy is a government grant related to revenue and is associated with the daily operations of Zhejiang Kesai, lacking sustainability. Zhejiang Kesai plans to record the aforementioned revenue-related government subsidy of 1.85 million yuan as other income, which is expected to increase the total pre-tax profit for the year 2025 by 1.85 million yuan"
datetime: "2025-02-24T10:34:25.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/229400235.md)
  - [en](https://longbridge.com/en/news/229400235.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/229400235.md)
generator: "portal-rs"
---

# WOTE: The holding subsidiary received a government subsidy of 1.85 million yuan

WOTE announced that its holding subsidiary, Zhejiang Kesai New Materials Technology Co., Ltd., recently received a government subsidy of 1.85 million yuan, which has already been credited. This subsidy is a government grant related to revenue and is associated with the daily operations of Zhejiang Kesai, lacking sustainability. Zhejiang Kesai plans to account for the aforementioned revenue-related government subsidy of 1.85 million yuan as other income, which is expected to increase the total pre-tax profit for the year 2025 by 1.85 million yuan

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