Core Viewpoint - Spring Snow Food Group Co., Ltd. has received government subsidies totaling 3.79 million yuan, which accounts for 46.42% of the company's audited net profit attributable to shareholders for the most recent fiscal year [1][3]. Group 1: Government Subsidies and Support - The recent subsidy follows a previous amount of 1.3753 million yuan received on September 29, highlighting the local government's commitment to supporting enterprise development through financial incentives [1][3]. - The subsidies are part of Yantai's "Doubling Plan" aimed at fostering advanced manufacturing enterprises, with a total of 210 million yuan distributed to 83 companies during a recent conference [3][6]. Group 2: Business Performance and Financials - In 2024, the company reported revenue of 2.514 billion yuan, a decrease of 10.08% from the previous year, but achieved a net profit of 8.165 million yuan, marking a turnaround from a loss of 34.686 million yuan in 2023 [5][7]. - For the first three quarters of the year, the company achieved revenue of 1.912 billion yuan, a year-on-year increase of 5.95%, with net profit soaring by 1320.44% to 33.87 million yuan [7][8]. Group 3: Strategic Development Plans - The company is focusing on a "three-year doubling plan" with goals to achieve 10 billion yuan in revenue and a market capitalization of 20 billion yuan by 2030, leveraging its status as a key enterprise in Yantai's development strategy [3][4]. - Spring Snow Food is diversifying its product offerings beyond chicken, entering new markets such as processed seafood and sausages, with plans to establish a sausage division aiming for 30,000 tons in production and 500 million yuan in revenue within three years [7][8]. Group 4: Financial Health and Capital Structure - As of September 30, the company had 474 million yuan in cash compared to 675 million yuan in short-term borrowings, indicating a need for improved financial stability [9]. - The recent government subsidies, while not directly reflected as cash inflow, are expected to alleviate short-term financial pressures and enhance the company's capital structure [9].