Shandong Molong Petroleum Machinery Receives RMB20 Million Government Subsidy
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Shandong Molong Petroleum Machinery Co. Ltd. has received a RMB20 million government subsidy, which is categorized as income. This amount represents about 45.77% of the company's audited net profit for the year ending December 31, 2024. The subsidy is expected to positively impact the company's profit for the year ending December 31, 2025, increasing total profit by RMB20 million. The final accounting treatment will be confirmed after the annual audit.
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