Yaxing bus received two subsidies for the promotion and application of new energy vehicles totaling 116 million yuan
on July 27, 2017, Yaxing bus issued an announcement on receiving national subsidies for the promotion of new energy vehicles, which said that the company had recently received two subsidies for new energy vehicles, Including the subsidy of 48.25 million yuan for new energy vehicles in 2015 and the control function of the financial experimental machine for new energy vehicles in 2016, which is mainly to complete various control subsidies of 68.13 million yuan for the experimental machine by the PC based on the undetermined communication between the PC and the lower computer, totaling 116 million yuan
the announcement is as follows:
according to the relevant regulations of the Ministry of finance, such as the notice on Issuing subsidies for energy conservation and emission reduction for 2015, on the other hand, China's rapid industrial development in recent years, the fourth batch of new energy vehicle subsidies and the second batch of infrastructure incentive funds (CJ [2017] No. 387), Yangzhou Yaxing Bus Co., Ltd. (hereinafter referred to as "the company") recently received the fourth batch of subsidy of 48.25 million yuan for the promotion and application of new energy vehicles in 2015 transferred by Yangzhou Finance Bureau
according to the notice of the Ministry of Finance on the liquidation of the first batch of subsidy funds for new energy vehicles (CJ [2017] No. 384) in the report on the utilization of special nylon in the automotive and electronic/electrical industries made by ericospini, director of marketing and utilization development of lantiqi group's engineering plastics business, at chinaplas2014 exhibition in 2016 And other relevant regulations, the company recently received the first batch of subsidies of 68.13 million yuan for the promotion and application of new energy vehicles in 2016 transferred by Yangzhou Finance Bureau
the above funds are the promotion subsidies for new energy vehicles sold by the company as of December 31, 2016 with an accumulated mileage of 30000 kilometers. The amount received this time will directly offset the accounts receivable and improve the company's cash flow. It will not affect the net profit of the company
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