Core Viewpoint - Su Keng Agricultural Development Co., Ltd. (苏垦农发) has received a government subsidy of 111,611,662.20 yuan, which is expected to increase its revenue for the fiscal year 2025 [1] Company Announcement Summary - The company announced that its subsidiaries have recently received a total of 111,611,662.20 yuan in subsidies from the Jiangsu Provincial Finance Department, which will be recognized as other income in the current financial results [1] - The subsidy is part of the 2025 arable land fertility protection subsidy funds, aimed at supporting the protection of arable land fertility, and is a special transfer payment from the central government's public budget [1] - The company received similar subsidies of 116,196,135.00 yuan and 115,739,878.20 yuan in 2023 and 2024, respectively, which positively impacted its financial results for those years [1]

Group 1 - The company has received a total of 111,611,662.20 yuan in government subsidies for the year 2025, aimed at soil fertility protection [1][2] - The subsidies will be recognized as other income in the company's financial statements, expected to increase the company's revenue for 2025 by the same amount [1][2] - The company received similar subsidies in 2023 and 2024, amounting to 116,196,135.00 yuan and 115,739,878.20 yuan respectively, which positively impacted the annual profits [2] Group 2 - The subsidies are part of a special transfer payment from the central government, aimed at supporting soil fertility protection, and are related to the company's regular business activities [2] - The company has been receiving these types of subsidies since 2004, which are directly aimed at grain farmers and agricultural enterprises [2] - The financial impact of the subsidies on the company's profits for 2023 and 2024 was 110,781,505.80 yuan and 110,945,363.40 yuan respectively [2]