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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.