Conch Anhui Energy Saving and Environment Protection New Material's (SHE:000619) unit, Anhui Conch Resources Comprehensive Utilization Technology, received a government subsidy of 2.1 million yuan, according to a Shenzhen Stock Exchange disclosure on Jan. 25.
The subsidy is expected to increase the Chinese building materials manufacturer's pre-tax profit by 2.1 million yuan in 2025.
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