Zhejiang Longsheng (600352): It Will Receive A Total Of 145 Million Yuan Award From The Government.

Zhejiang Longsheng (securities code: 600352) issued a notice that according to the notice on the withdrawal of the reward (subsidy) fund from the Zhejiang Longsheng group Limited by Share Ltd (longshengdao factory area) and Zhejiang Runtu Limited by Share Ltd (Runtu Dao factory area) ([2019]7), the company will receive a total of 145 million 25 thousand and 400 yuan subsidy from the government as a result of the relocation and exit of the road ruins factory. In December 30, 2019, the company received 125 million 25 thousand and 400 yuan from the chemical enterprise's withdrawal bonus from the financial surplus account of the Shangyu district road people's Government in Shaoxing, and the remaining 20 million yuan will be paid in 2020. In the past 12 months, the subsidiary companies in the consolidated statements of the company and their subordinates received a total of 508 million 861 thousand yuan of government subsidies, accounting for 12.38% of the company's net profit attributable to the parent company in 2018.

According to the relevant provisions of the accounting standards for Enterprises No. sixteenth - government subsidy, the total amount of government subsidies received by the company is 508 million 861 thousand yuan, of which 383 million 8 thousand and 200 yuan is included in other receipts, and 125 million 299 thousand and 300 yuan is included in the non operating income, accounting for 553 thousand and 500 yuan of deferred income.

The amount of the above receipts affecting the current profits and losses is 508 million 307 thousand and 500 yuan (Unaudited), and 553 thousand and 500 yuan (Unaudited) is used as a deferred income.