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Yuguang Gold and lead received a total of 41.337 million yuan in government subsidies.
Sep 2,2020 10:11CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM9 March 2: recently, Henan Yuguang Gold and lead Co., Ltd. (hereinafter referred to as "the company") and its subsidiaries received a total of 41337573.86 yuan in government subsidies.

Basic information on obtaining subsidies

1. According to the notice on Printing issued by the State Administration of Taxation of the Ministry of Finance, the company enjoys value-added tax concessions of 30%, 50% and 50% respectively for the use of lead metals recovered from waste storage batteries, sulfuric acid recovered from sulfur dioxide flue gas during the production process, and modified recycled special materials produced from waste plastics, respectively. On July 3, 2020, July 28, 2020, August 31, 2020, They received VAT rebates of 5496073.18 yuan, 7201236.80 yuan and 5068972.88 yuan respectively.

2. According to the copy about Jiangxi Yuanfeng Nonferrous Metals Co., Ltd. enjoying preferential tax policies, Jiangxi Yuanfeng Nonferrous Metals Co., Ltd. (hereinafter referred to as "Jiangxi Yuanfeng"), a wholly owned subsidiary of the company, received 2437471.00 yuan and 242201.00 yuan in guidance funds for the development of the enterprise industry on June 28, 2020 and August 4, 2020, respectively.

3. According to the notice on Printing and Printing issued by the State Administration of Taxation of the Ministry of Finance, Jiangxi Yuanfeng enjoys a 30% VAT rebate on lead metal recycled from waste batteries. Jiangxi Yuanfeng received VAT rebates of 3105874.00 yuan, 34438.00 yuan and 3219320.00 yuan on July 2, 2020, July 29, 2020 and August 31, 2020, respectively.

4. According to the notice on doing a good job in the declaration of funds for supporting the transfer project of processing trade, the company received 2214200.00 yuan of capital for the transfer project of processing trade on August 11, 2020.

5. Shanghai Yuguang Gold and lead International Trading Co., Ltd., a wholly-owned subsidiary of the company, received 517787.00 yuan of supporting funds on August 19, 2020.

6. According to the notice of the Finance and Finance Bureau of Jiyuan City production and City Fusion demonstration Zone on issuing the special transfer payment fund budget for 2020, and the notice of the Finance and Finance Bureau of Jiyuan City production City Fusion demonstration Zone on the issuance of enterprise support funds, the company received a total of 11800000.00 yuan for renewable resources industry support projects on September 1, 2020.

The company confirms the above items and classifies the types of subsidies in accordance with the relevant provisions of Enterprise Accounting Standards No. 16-Government subsidies. Government subsidies related to assets shall be included in deferred income, while government subsidies related to income shall be directly included in the profits and losses of the current period. The specific accounting treatment shall still be based on the results confirmed by the annual audit of the audit institution, and investors are invited to pay attention to the investment risk.

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Yuguang gold and lead
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