Group 1 - The company, Wuhan Yifei Laser Co., Ltd., has received a government subsidy of 5 million RMB for a key technology project related to precision laser welding of large cylindrical battery full ear [1] - The subsidy amount received by the company is 2.875 million RMB, which accounts for 11.82% of the company's audited net profit attributable to shareholders for the fiscal year 2024 [1] - The government subsidy is classified as a revenue-related subsidy according to the relevant accounting standards, and its final impact on the company's financials will be confirmed after annual audit [1]

Core Viewpoint - ST Yifei (688646.SH) has been designated as the leading unit for a major municipal technology project focused on the development of key technologies and equipment for precision laser welding of large cylindrical batteries, receiving a government subsidy of RMB 5 million [1] Group 1 - The project is part of a significant municipal science and technology initiative led by the Wuhan Municipal Science and Technology Bureau [1] - The company received RMB 2.875 million as its share of the government subsidy, while the remaining RMB 2.125 million was allocated to project partners [1] - The government subsidy received by the company represents 11.82% of its audited net profit attributable to shareholders for the fiscal year 2024 [1]