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Huamao Shares (000850) Received Supplementary Government Subsidies In:2018

2019/4/9 9:46:00 12084

Huamao Shares Textile Stocks The Latest Announcement

Supplementary announcement on receipt of government subsidies

Securities code: 000850 securities short: Hua Mao shares announcement number: 2019-014

Anhui Huamao textile Limited by Share Ltd received supplementary announcement on government subsidy in 2018

First, the basic situation of obtaining subsidies.

Anhui Huamao textile Limited by Share Ltd (hereinafter referred to as the "company") in the 2018 annual report compilation process found that: from July 1, 2018 to December 31st, the company and its subsidiaries successively received government subsidies totaling about 34 million 881 thousand and 300 yuan, of which 14 million 168 thousand and 700 yuan was related to income related government subsidies, accounting for 13.62% of the company's latest accounting year (2017) audited attributable to the parent company's net profit.

Unit: 10000 yuan

All members of the company and the board of directors guarantee that the contents of the information disclosure are true, accurate and complete, without false records, misleading statements or major omissions.

project

project	Receiving body	Amount of subsidy	Source basis	Subsidy type	accounting treatment	Sustainability
Cotton and cotton allowance	Alar, Alashankou, Huamao Qianshan	Three hundred and fifty-three point nine four	*1	Related to earnings	Other income	yes
Water and electricity subsidy	Aral and Alashankou	Four hundred and twenty-two point nine one	*2	Related to earnings	Other income	yes
Technical pformation, encourage enterprises to increase production and income and other subsidies.	Huamao stock headquarters, Huamao Qianshan, Huatai textile, Huamao weaving and dyeing, etc.	Two hundred and eighty-two point one four	*3	Related to earnings	Other income	no
Subsidy policy for development of foreign trade and economic cooperation	Huamao stock headquarters, Huamao weaving and dyeing, etc.	Two hundred and seventy-nine point three eight	*4	Related to earnings	Other benefits	no
VAT levy refund immediately	Huawei industry	Seventy-eight point five	*5	Related to earnings	Other income	yes
Subtotal		One thousand four hundred and sixteen point eight seven
New spinning intelligent pformation project	Huamao stock Office	One thousand six hundred and forty-three point seven six		Related to assets	Deferred income	no
Intelligent pformation project of non woven weaving production line	Huatai textile	Two hundred and sixty		Related to assets	Deferred income	no
Speed up industrial development policy support funds for loom subsidy	Huatai textile	One hundred and sixty-seven point five zero		Related to assets	Deferred income	no
Subtotal		Two thousand and seventy-one point two six
Total		Three thousand four hundred and eighty-eight point one three

The government subsidy documents are as follows:

notes

According to the financial construction [2011] 1157, the Ministry of finance's notice on Issuing the administrative measures for the subsidy for the removal of the cotton from the developing country, the subsidiary of the company receives the subsidy for the pportation of cotton.

Supplementary announcement on receipt of government subsidies

notes

According to the regulations issued by the teachers' Office [2014] No. 40, we issued the preferential policies and management measures for attracting investment in Alar City of the first division.

notes

According to Yi Zheng Fa [2017] 4, the Anqing Municipal People's government issued a notice on the issuance of Anqing's policy of accelerating industrial development in 2017, and the company and its subsidiaries received special subsidies for technical pformation this time.

notes

According to the notice issued by the Anqing Municipal People's Government on the issuance of Anqing's foreign trade and economic development in 2018, the company and its subsidiaries receive subsidies for the development of foreign trade and economic development policies.

notes

Fiscal and taxation [2015] No. Seventy-eighth issued notice on Issuing the catalogue of value-added tax preferences for products and services for comprehensive utilization of resources.

Two. Types of subsidies and their impact on the company

1. Types and confirmation and measurement of subsidies

According to the provisions of the accounting standards for Enterprises No. sixteenth - government subsidies, government subsidies related to assets refer to the government subsidies obtained by enterprises for the purchase or construction or other forms of long-term assets. The government subsidy related to income refers to government subsidies other than assets related government subsidies.

The above government subsidy is used to compensate for the subsequent period cost or loss of government subsidy of 20 million 712 thousand and 600 yuan, which is included in the deferred income account.

The government subsidy related to daily activities is 14 million 168 thousand and 700 yuan, which is included in other current income subjects.

2, the impact of subsidies on listed companies.

In accordance with the relevant provisions of the accounting standards for Enterprises No. sixteenth - government grants, the company shall include 14 million 168 thousand and 700 of the above government subsidies into the other income and loss items of the company's 2018 profit and loss, and the remaining 20 million 712 thousand and 600 yuan shall be deferred for the time being.

3, risk warning and other instructions.

The company has taken full account of the factors of government subsidies which the companies and subsidiaries have successively obtained in the preliminary performance forecast for the 2018 year, and will not have any impact on the results of the performance.

The specific accounting treatment and the impact on the company's profit and loss in 2018 should be determined by the accounting firm's audit confirmation.

We invite investors to pay attention to investment risk.

Three. Reference documents

Supplementary announcement on receipt of government subsidies

1, the government approvals on subsidies.

2, collection voucher.

Notice hereby

Anhui Huamao textile Limited by Share Ltd

Board of directors April 8th two 19