Guo New Energy: Recently received government subsidies related to revenue of 176 million yuan

People’s Finance Network, March 31—China New Energy (600617) announced on March 31 that the company and its subsidiary Shanxi Huaxin Liquefied Natural Gas Group Co., Ltd. recently received government grants related to income of RMB 151 million and RMB 24.75 million, respectively, totaling RMB 176 million. The government grants this time are provincial-level special funds for ensuring natural gas supply during peak winter demand, specifically the “Provincial Peak-Shaving and Winter-Guarantee Gas Supply Special Funds.” They account for 51.72% of the company’s net profit attributable to shareholders of the listed company for fiscal year 2024, as audited. The above government grants will impact the company’s total profit for 2025.

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