Securities code: 001896 securities abbreviation: Henan Yuneng Holdings Co.Ltd(001896) Announcement No.: pro 2022-04 Henan Yuneng Holdings Co.Ltd(001896)
Announcement on subsidiaries receiving government subsidies
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete without false records, misleading statements or major omissions.
1、 Basic information of subsidies
On January 30, 2022, Henan Yuneng Holdings Co.Ltd(001896) (hereinafter referred to as “company” or “listed company”) subsidiary Henan coal storage and distribution Trading Center Co., Ltd. (hereinafter referred to as “Henan coal trading center”) received the notice of Henan Provincial Department of Finance on Issuing the budget of coal emergency reserve subsidy funds for this winter and next spring (YCJ [2022] No. 6), which was approved by the provincial government, The subsidy fund for coal emergency reserve this winter and next spring is now allocated, including 140 million yuan of Henan coal trading center, which is specially used for Henan coal trading center to carry out coal emergency reserve this winter and next spring. In the later stage, it will be liquidated according to the situation of additional issuance and storage and actual cost. The above subsidy funds accounted for 48.03% of the audited net profit attributable to the shareholders of the listed company in 2020.
On February 23, 2022, Henan coal trading center received a collection of 140 million yuan allocated by Henan Investment Group Co., Ltd.
2、 Types of subsidies and their impact on Listed Companies
According to the relevant provisions of the accounting standards for business enterprises, the above financial subsidies are government subsidies related to income and will be included in the company’s profit and loss in 2021 and 2022 as other income. It is expected to increase the company’s total profit in 2021 by 117.5 million yuan and the total profit in 2022 by 22.5 million yuan, which will not affect the disclosed performance forecast range in 2021.
The specific accounting treatment and the final impact on the company’s profit and loss shall be subject to the results confirmed by the accountant’s annual audit. Please pay attention to the investment risk.
3、 Documents for future reference
1. Notice of Henan Provincial Department of Finance on Issuing the subsidy fund budget for coal emergency reserve this winter and next spring;
2. Collection voucher.
It is hereby announced.
Henan Yuneng Holdings Co.Ltd(001896) board of directors
February 24, 2022
