81 Companies: 6 Billion 400 Million Yuan Government Subsidy In 3 Years

Besides losing money from banks, the zombie enterprises also rely on capital markets and government subsidies to survive.

According to flush iFinD statistics, the above 81 textile and garment companies listed in the 3 years from 2012 to 2014 received 2 billion 174 million yuan, 1 billion 742 million yuan and 2 billion 495 million yuan respectively.

The 81 companies totaled about 6 billion 400 million yuan in 3 years.

In addition, in the first half of 2015, the 81 listed companies received a total subsidy of 542 million yuan.

In three and a half years, 81 companies received a total subsidy of nearly 7 billion yuan.

According to the statistics compiled by the reporter on the flush iFinD, the 10 zombie listed companies, Huamao shares and Changshan shares, have enjoyed huge government subsidies over the past few years.

Among them, the government subsidies from Huamao shares from 2012 to 2014 were 171 million yuan, 59 million 542 thousand and 900 yuan and 56 million 128 thousand and 800 yuan respectively.

In the first half of 2015, the company also received

10 million 808 thousand and 300 yuan.

In three and a half years, the company received nearly 300 million yuan of government subsidy.

In addition, the government subsidy granted by Changshan shares is rising year after year.

The government subsidies granted by the company from 2012 to 2014 were 84 million 537 thousand and 200 yuan, 245 million yuan and 348 million yuan respectively.

In the first half of 2015, the company received 15 million 62 thousand and 100 yuan of government subsidy.

In the three and a half years, the company received nearly 700 million yuan of government subsidy.

From the above, Changshan shares received the highest amount of government subsidy in 2014. In the 12 government subsidy projects, nearly 337 million yuan was contributed by the government's relocation subsidy.

Similarly, the government received 13 government subsidies in 2013, and the highest amount was government relocation subsidy, amounting to nearly 200 million yuan.

Same as Changshan stock.

There are also Huamao shares. The amount of the two government subsidies granted in 2014 to the relocation compensation and industrial development funds is over ten million yuan.

It is understood that Huamao shares also received government subsidies for industrial development funds in 2013, amounting to 33 million 966 thousand and 200 yuan.

In the 16 government subsidy projects, they rank the top of the grant.

It is worth noting that the disposal of illiquid assets as a subject of non operating income is also a big magic weapon for "zombie enterprises" to die and resurrection. Although it is a hammer deal, it can be taken at a critical moment before the company assets are cleared.

In fact, when the company's net profit after deducting non recurring gains and losses for many years is negative, the company's profit has always been very strong.

More analysts regard investment income as a main business of the company.

Taking Huamao shares as an example, statistics show that the investment income of Huamao stock from 2012 to 2014 was 588 million yuan, 271 million yuan and 636 million yuan respectively.

According to the reporter, Huamao shares will get so much investment income mainly from the sale of GF Securities shares.

Reporters collate flush iFinD statistics found that the textile and garment industry listed companies' non current assets disposal gains are increasing year by year.

The 81 above

In the 3 years from 2012 to 2014, the total profits of disposal of illiquid assets amounted to 645 million yuan, 771 million yuan and 833 million yuan respectively.

The 81 companies totaled about 2 billion 249 million yuan in 3 years.

In addition, in the first half of 2015, the above 81 listed companies received a total profit of 2 billion yuan from the disposal of illiquid assets.

In three and a half years, 81 companies received a total subsidy of nearly 4 billion 249 million yuan.

In the 10 "zombie enterprises", Changshan shares and Gaosheng holdings in the three and a half years, every year there are gains in the disposal of illiquid assets, and the profits of 2 companies in three and a half years are 46 million 630 thousand and 500 yuan and 16 million 269 thousand and 100 yuan respectively.