Securities code: Rongfeng Holding Group Co.Ltd(000668) securities abbreviation: Rongfeng Holding Group Co.Ltd(000668) Announcement No.: 2022018
Rongfeng Holding Group Co.Ltd(000668)
Announcement on government subsidies for holding subsidiaries
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 obtaining subsidies
Rongfeng Holding Group Co.Ltd(000668) (hereinafter referred to as “the company”) holding subsidiary Beijing Rongfeng Real Estate Development Co., Ltd. (hereinafter referred to as “Beijing Rongfeng”) received 7477346 yuan from Xiazhuang Industrial Park, Liangxiang, Fangshan District, Beijing on February 28, 2022, accounting for 32.26% of the company’s audited net profit in 2020. This government subsidy is in the form of cash, which is related to the daily activities of the company and is not sustainable.
Details are as follows:
The amount of subsidies included in whether to receive and distribute the main subsidy project and the time of receipt of subsidies has the sustainability of the main form (yuan) account
Beijing housing and income
Income from 74773462022-2-28 other non rongfengxiazhuang industrial development funds related to cash support of enterprises in Liangxiang, mountainous area, Beijing
Yuan Zhu
2、 Types of subsidies and their impact on Listed Companies
1. Types of subsidies
According to the provisions of the accounting standards for Business Enterprises No. 16 – government subsidies, the government subsidies related to assets refer to the government subsidies obtained by the enterprise for the purchase and construction or the formation of long-term assets in other ways; Government subsidies related to income refer to government subsidies other than those related to assets. The above government subsidies obtained by the company are not used for purchase and construction or other forms of long-term assets, so the above government subsidies belong to income related government subsidies.
2. Recognition and measurement of subsidies
According to the accounting standards for Business Enterprises No. 16 – government subsidies, when the company receives government subsidies related to income, the government subsidies related to the daily activities of the enterprise shall be included in other income or offset the relevant costs according to the essence of economic business. The above-mentioned government subsidy of 7477346 yuan received by the company is related to income. It is a government subsidy related to the daily business activities of the enterprise and is included in other income in 2022. The final result is subject to the audit result of the accounting firm.
3. Impact of subsidies on Listed Companies
The amount of the above subsidy is expected to be included in the profit and loss of 2022 is 56080095 yuan, of which the amount attributable to the profit and loss of the parent company in 2022 is 504720855 yuan (the above data has not been audited).
3、 Risk tips and other instructions
The above specific accounting treatment of government subsidies and the final impact on the company’s profit and loss in 2022 will be subject to the results confirmed by the annual audit of the accounting firm. Please pay attention to the investment risks. 4、 Documents for future reference
1. Government approval on subsidies;
2. Collection voucher.
It is hereby announced
Rongfeng Holding Group Co.Ltd(000668) board of directors February 28, 2002
