Chujiang new materials received about 48.4 million of government subsidies.

SMM: Anhui Chujiang Science and Technology New Materials Co., Ltd. and its subsidiaries recently received a total of 48402986.94 yuan in government subsidies related to revenue, accounting for 10.50% of the company's latest audited net profit belonging to shareholders of listed companies.

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Of this total, the government subsidy related to the company's daily activities is 48228269.40 yuan, including 40150969.40 yuan in other income, which is expected to increase the company's total profit by 40150969.40 yuan. It shall be included in the deferred income of 8077300.00 yuan, which shall be included in the profits and losses of the current period after the acceptance of the project.

The government subsidy of 174717.54 yuan, which has nothing to do with the company's daily activities, is included in the non-operating income, which is expected to increase the company's total profit by 174717.54 yuan.