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
