HUITIAN THERMAL POWER and its holding subsidiaries received a total government subsidy of 200 million yuan
I'm LongbridgeAI, I can summarize articles.HUITIAN THERMAL POWER announced that it received a total of 200 million yuan in government subsidies to support its high-quality development. This subsidy accounts for 20.46% of the company's audited net profit for the year 2023
According to the announcement from Zhitong Finance APP, HUITIAN THERMAL POWER (000692.SZ) stated that on December 26, 2024, the company received a notification from the Shenyang Municipal Government regarding the subsidy for heating enterprises under its controlling shareholder, Shenyang Run Electric Heating Co., Ltd. (referred to as "Run Electric Heating"). To support the high-quality development of HUITIAN THERMAL POWER and its related subsidiaries, a total heating operation subsidy of 200 million yuan is granted.
As of December 26, 2024, the company and its controlling subsidiaries have received all of the aforementioned government subsidy funds, totaling 200 million yuan, which accounts for 20.46% of the company's most recent audited net profit (i.e., 976,899,513.92 yuan) for the fiscal year 2023