---
title: "YONGGUAN New Material: Subsidiary received government subsidies of 22.9789 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/257511963.md"
description: "On the evening of September 16, YONGGUAN New Material announced that its wholly-owned subsidiary, Jiangxi Zhengguan Environmental Protection Biodegradable New Materials Co., Ltd., received a government subsidy related to revenue amounting to 22.9789 million yuan on September 16, 2025, accounting for 14.07% of the audited net profit attributable to shareholders of the listed company for the fiscal year 2024. The aforementioned government subsidy is expected to have a positive impact on the company's profits for the fiscal year 2025"
datetime: "2025-09-16T09:38:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257511963.md)
  - [en](https://longbridge.com/en/news/257511963.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257511963.md)
---

# YONGGUAN New Material: Subsidiary received government subsidies of 22.9789 million yuan

On the evening of September 16, YONGGUAN New Material announced that its wholly-owned subsidiary, Jiangxi Zhengguan Environmental Protection Biodegradable New Materials Co., Ltd., received a government subsidy related to revenue amounting to 22.9789 million yuan on September 16, 2025, accounting for 14.07% of the audited net profit attributable to shareholders of the listed company for the fiscal year 2024. The aforementioned government subsidy is expected to have a positive impact on the company's profits for the fiscal year 2025

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