Securities code: 300577 securities abbreviation: Anhui Korrun Co.Ltd(300577) Announcement No.: 2021-147 bond Code: 123039 bond abbreviation: kairun convertible bond
Announcement on obtaining 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 obtaining subsidies
Chuzhou mirun Technology Co., Ltd. (hereinafter referred to as “Chuzhou mirun”), a wholly-owned subsidiary of Anhui Korrun Co.Ltd(300577) (hereinafter referred to as “the company”), received a revenue related government subsidy of RMB 36 million on December 29, 2021. The details are as follows:
Whether it is related to the sequential acquisition of subsidies, whether the amount of subsidies received has the time form (yuan) of the main item of the company’s date, and whether the subsidy basis is related to sustainable business activities
Chuzhou mirun enterprise development in December 2021 Chuzhou economic and Technological Development
1. Whether the supporting fund of science and Technology Co., Ltd. issued 36 million in cash on June 29 is a document issued by the company
2、 Types of subsidies and their impact on Listed Companies
(i) Type of subsidy
According to the accounting standards for Business Enterprises No. 16 – government subsidies, government subsidies are divided into government subsidies related to assets and government subsidies related to income. Government subsidies related to assets refer to the government subsidies obtained by enterprises 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.
According to this standard, the above government subsidies obtained by Chuzhou mirun are income related subsidies.
（2） Recognition and measurement of subsidies
According to the provisions of the accounting standards for Business Enterprises No. 16 – government subsidies, if the government subsidies related to income are used to compensate the relevant costs or losses in the future period, they shall be recognized as deferred income when they are obtained and included in the current profits and losses during the period when the relevant costs or losses are recognized; If it is used to compensate the relevant costs or losses incurred, it shall be directly included in the current profits and losses when it is obtained. Government subsidies related to the company’s daily activities are included in other income, and government subsidies unrelated to the company’s daily activities are included in non operating income.
The government subsidy of 36 million yuan related to income received by the company this time is included in “other income”.
（3） Impact of subsidies on Listed Companies
According to preliminary calculation, the government subsidy received by the company this time is expected to increase the company’s net profit attributable to the parent company by 30.6 million yuan in 2021 (Unaudited). The company will reasonably and legally use the government subsidy funds in accordance with relevant laws and regulations and the requirements of government departments to realize the efficient use of government subsidy funds.
（4） Risk tips and other instructions
The above data has not been audited, and the specific accounting treatment and impact on the company’s relevant financial data will be subject to the results confirmed by the annual audit of the audit institution. Please pay attention to the investment risk.
It is hereby announced.
Anhui Korrun Co.Ltd(300577) board of directors December 30, 2021
