Securities code: 002069 securities abbreviation: Zoneco Group Co.Ltd(002069) Announcement No.: 2022-01 Zoneco Group Co.Ltd(002069)
Announcement on obtaining covid-19 epidemic subsidy
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
Zoneco Group Co.Ltd(002069) (hereinafter referred to as “the company”) recently received the notice on allocating subsidies for shutdown of cold chain industry affected by Zoneco Group Co.Ltd(002069) group covid-19 pneumonia epidemic (czzf [2021] No. 67) issued by the people’s Government of Zoneco Group Co.Ltd(002069) Town, Changhai County, giving the company a subsidy of 50 million yuan for shutdown of cold chain industry affected by Dalian covid-19 pneumonia epidemic. The subsidy is in cash. As of the date of this announcement, the company has received the above subsidy funds.
2、 Types of subsidies and their impact on Listed Companies
1. Type of subsidy
According to the accounting standards for Business Enterprises No. 16 – government subsidies: the government subsidies related to assets refer to the government subsidies obtained by enterprises for purchase and construction or forming long-term assets in other ways; Government subsidies related to income refer to government subsidies other than those related to assets. The above subsidies obtained by the company are government subsidies related to income.
2. Recognition and measurement of subsidies
According to the accounting standards for Business Enterprises No. 16 – government subsidies and relevant provisions of the company’s accounting policies:
Government subsidies related to assets are recognized as deferred income and are included in profits and losses by stages according to a reasonable and systematic method within the service life of the constructed or purchased assets.
Government subsidies related to income, which are used to compensate the relevant expenses or losses of the enterprise in the future, are recognized as deferred income and included in the current profits and losses during the period when the relevant expenses or losses are recognized; If it is used to compensate the relevant expenses or losses incurred by the enterprise, it shall be directly included in the current profit and loss when it is obtained.
Government subsidies related to the daily activities of the enterprise are included in other income; Government subsidies unrelated to the daily activities of the enterprise shall be included in non operating revenue and expenditure.
The above subsidies are government subsidies related to income that have nothing to do with the daily activities of the enterprise and are included in the company’s non operating income.
3. Impact of subsidies on Listed Companies
The above subsidies have nothing to do with the company’s daily business activities and are not sustainable. It is expected to increase the company’s total profit of RMB 50 million in 2021 (Unaudited).
4. Risk tips and other instructions
The final accounting treatment of the above subsidies shall be subject to the results confirmed by the audit institution. Please pay attention to investment risks. 3、 Documents for future reference
Government approval on subsidies.
It is hereby announced.
Zoneco Group Co.Ltd(002069) board of directors January 4, 2022
