Xinye Textile: Subsidiary Is Subsidized By The Government

March 9th announcement Xinye textile Xinjiang Jinyuan Textile Co., Ltd., a subsidiary, recently received 920724 yuan of electricity subsidies from the alar Industrial Park Management Committee in January of 2015. The company carries out the corresponding accounting treatment according to the relevant provisions of the enterprise accounting standards. Grants The amount of $920724 will be recognised as non operating income. The specific accounting treatment shall be based on the results of the annual auditor's confirmation.

Xinye textile receives 920 thousand and 700 yuan subsidy from the government

Xinye textile announced in March 9th noon that the company's wholly-owned subsidiary - Xinjiang Jinyu Textile Co., Ltd. It is an investment attracting enterprise in Alar City, which is consistent with the provisions of the preferential policy of attracting investment from alar in Xinjiang, and enjoys preferential policies. The subsidiary has recently received $920724 from the alar Industrial Park Management Committee in 2015 of January.