Core Viewpoint - Foton Motor (600166.SH) announced that on August 29, it received government subsidies related to revenue amounting to 34.828 million yuan, which accounts for 43.24% of the company's audited net profit attributable to shareholders for the fiscal year 2024 [1] Summary by Relevant Categories Financial Impact - The government subsidy will have a positive impact on the company's profits for the fiscal year 2025 [1]

Group 1 - The company, Shaanxi Natural Gas (002267), stated on August 29 that government subsidies for enterprises are related to local economic levels and the financial status of the government [1]

Group 1 - The company received government subsidies amounting to 11,410,000.00 yuan, which represents a significant portion of the net profit attributable to shareholders for the fiscal year 2024 [1] - The type of subsidy is classified as a government grant related to income, which will positively impact the company's profit for the fiscal year 2025 [1] - The final accounting treatment and the impact on the company's profit and loss for 2025 will be confirmed after the annual audit by the accountant [1]

Group 1 - The company has received a total of government subsidies amounting to RMB 28.85 million, which includes RMB 14.48 million related to income and RMB 14.37 million related to assets [1] - The income-related subsidies represent 19.55% of the company's audited net profit attributable to shareholders for the most recent fiscal year, while the asset-related subsidies account for 0.18% of the audited net assets [1] - The income-related government subsidies will be recognized as other income, with an expected impact of RMB 12.43 million on the 2025 profit and loss statement [1] Group 2 - The asset-related government subsidies will be recognized as deferred income, which will be amortized into the profit and loss statement over the estimated useful life of the related assets [1] - The specific accounting treatment and its impact on the company's annual profit will be confirmed after the annual audit by the accountant [1]

Core Viewpoint - Zhaoyan New Drug (06127) announced that it has received a total of RMB 28.85 million in various government subsidies from January 1, 2025, to the date of this announcement, with the data being unaudited [1] Summary by Category - Government Subsidies Received - The company received a total of RMB 28.85 million in government subsidies [1] - Among these, subsidies related to income amounted to RMB 14.48 million, accounting for 19.55% of the company's audited net profit attributable to equity shareholders for the most recent fiscal year [1] - Asset-related government subsidies totaled RMB 14.37 million, representing 0.18% of the company's audited net assets attributable to equity shareholders for the most recent fiscal year [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責 任。 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6127） 關於獲得政府補助的公告 一、獲得補助的基本情況 茲通告 北京昭衍新藥研究中心股份有限公司（「本公司」，連 同 其 附 屬 公 司， 統 稱 為「本集團」）自2025年1月1日至本公告披露日累計收到各類政府補助 共計人民幣28,852,800元（數 據 未 經 審 計）。其 中，與 收 益 相 關 的 政 府 補 助 14,480,800元，佔 本 公 司 最 近 一 個 會 計 年 度 經 審 計 的 歸 屬 於 本 公 司 權 益 股 東 淨利潤的比例為19.55%；與 資 產 相 關 的 政 府 補 助14,372,000元，佔 本 公 司 最 近一個會計年度經審計的歸屬於本公司權益股東淨資產的比例為0.18%。 二、補助的類型及其對本 ...

沈阳新松机器人自动化股份有限公司公告，根据辽宁省工业和信息化厅通知，近期获政府专项产品研制 项目补助资金2444.44万元，占最近一期经审计归属于上市公司股东净利润绝对值的12.62%。此补助与 收益相关、为现金形式，与日常经营有关且不具可持续性。截至2025年某月某日，计入递延收益约 1474.43万元，计入其他收益约970.01万元，增加2025年上半年利润总额约970.01万元。公司将合规使用 资金，最终会计处理及对年度利润影响以审计结果为准。 ...

Core Viewpoint - China National Fisheries (中水渔业) reported a decrease in revenue but an increase in net profit for the first half of 2025, primarily due to substantial government subsidies [3][4][6]. Financial Performance - The company achieved revenue of 1.747 billion yuan, a year-on-year decline of 10.66%, while net profit attributable to shareholders was 86.31 million yuan, an increase of 22.12% compared to the previous year [4]. - In Q1, revenue was 846.3 million yuan, down 15.28%, with a net loss of 16.06 million yuan. In Q2, revenue was 901.1 million yuan, down 5.84%, with a net profit of 102.4 million yuan, up 2.19% [5]. Government Subsidies Impact - The company received government subsidies totaling 269 million yuan in the first half of the year, which significantly boosted profits, accounting for 302% of net profit [6]. - The subsidies included 252 million yuan related to income and 16.9 million yuan related to assets, indicating a heavy reliance on government support for financial performance [6]. Profitability and Margin Analysis - The overall gross margin for the company was 5.23%, which, while an improvement, remains low compared to industry peers [7][8]. - The gross margin for the core product, tuna, fell sharply to -15.38%, a decline of 21.1% year-on-year, significantly impacting overall profitability [10]. Business Segment Performance - The fishing business was the only segment to show revenue growth, achieving 739 million yuan, up 14.25%, with a gross margin of 5.15% [10]. - The retail and processing trade segment saw a revenue decline of 43.24%, while the fishery service segment's revenue decreased by 2.94% [11]. Investment Projects and Future Outlook - The company has invested heavily in tuna-related projects, including a tuna research and processing center and the renovation of fishing vessels, with expected completion dates pushed to 2025 [12][13]. - The tuna research and processing center aims to enhance product value and market position, but the delayed project completion raises concerns about future profitability [12][13].

Core Viewpoint - TSMC's impressive quarterly earnings report, with an EPS of 15.36 NTD, is supported by significant government subsidies, raising questions about the sustainability of its success and the implications of geopolitical factors [1][5][7] Group 1: Financial Performance - TSMC reported a record EPS of 15.36 NTD for the quarter, with revenue forecasts continuing to rise, driven by AI and high-performance computing [1] - In the first half of this year alone, TSMC received 671.28 million NTD in government subsidies, contributing to a total of 1,422.92 million NTD over the past 18 months [3][5] Group 2: Government Subsidies and Investments - TSMC's expansion plans include a $165 billion investment in the U.S. for six wafer fabs and two advanced packaging plants, with 25% of the investment covered by local government subsidies [3] - The company is also receiving substantial financial support from governments in Germany and Japan for its manufacturing facilities, indicating a trend of government involvement in the semiconductor industry [3][5] Group 3: Geopolitical Implications - The financial backing from various governments is driven by geopolitical concerns, as countries fear losing access to TSMC's technology and production capabilities [5][7] - TSMC's reliance on government subsidies ties its operations to political agendas, making it a strategic tool for various nations [7] - The potential risks associated with TSMC's dependence on government funding could lead to vulnerabilities if subsidies are reduced or political dynamics shift [7]

云南临沧鑫圆锗业股份有限公司 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、获取补助的基本情况 云南临沧鑫圆锗业股份有限公司（以下简称"公司"）子公司昆明云锗高新 技术有限公司近日收到与收益相关的政府补助 680 万元，占公司最近一期经审计 的归属于上市公司股东的净利润的比例为 12.81%。 证券代码：002428 证券简称：云南锗业 公告编号：2025-040 本次获得的政府补助与收益相关且与日常活动相关，按照经济业务实质，680 万元均计入其他收益。 上述政府补助资金预计将增加公司 2025 年度利润总额约 680 万元。 结果为准，敬请广大投资者注意投资风险。 三、备查文件 有关补助的收款凭证。 特此公告。 云南临沧鑫圆锗业股份有限公司董事会 二、补助的类型及其对公司的影响 根据《企业会计准则第 16 号—政府补助》的规定，与资产相关的政府补助， 是指企业取得的、用于购建或以其他方式形成长期资产的政府补助；与收益相关 的政府补助，是指除与资产相关的政府补助之外的政府补助。 按照《企业会计准则第 16 号—政府补助》的相关规定，公司收到与资产相 关的政府 ...