---
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

### Related Stocks

- [002886.CN](https://longbridge.com/en/quote/002886.CN.md)

## Related News & Research

- [The Treasury's bond-market intervention isn't working. So what comes next?](https://longbridge.com/en/news/296702361.md)
- [Bessent's bond gambit aimed at calming markets is instead stirring inflation worries](https://longbridge.com/en/news/296642975.md)
- [Trump’s Bond Buyback Push Puts Kevin Warsh in a Tough Spot — Peter Schiff Says Treasury ‘Pulled the Rug Out From Under’](https://longbridge.com/en/news/296615127.md)
- [Scott Bessent Brings His Hedge Fund Playbook To Treasury. The Bond Market Is Fighting Back](https://longbridge.com/en/news/296520391.md)
- [Legend Holdings Flags Sharp Revenue Drop but Narrowing Losses at Subsidiary Joyvio Food](https://longbridge.com/en/news/296714460.md)

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