Yu Diamond received a government subsidy of 50.2 million yuan

Abstract Yu Diamond (300064) announced on the morning of April 2, recently, the company has received the Zhengzhou New Materials Industrial Park Management Committee issued by Zhengzhou New Materials Industrial Park Management Committee on the grant of Zhengzhou Huajing Diamond Co., Ltd. Material development support rewards...

Yu Diamond (300064) announced on the morning of April 2, recently, the company has received the Zhengzhou New Materials Industrial Park Management Committee issued by the Zhengzhou New Materials Industrial Park Management Committee on the grant of new materials to Zhengzhou Huajing Diamond Co., Ltd. Notice of Development Support Awards and Notice of Zhengzhou New Materials Industrial Park Management Committee on Giving Zhengzhou Huajing Diamond Co., Ltd. Project Construction Investment Awards, Received New Material Development Support Award of RMB 19,999,300 and Project Construction Investment Award of RMB 30.2 million A total of 50,019,300 yuan. The above incentive fund grants have been transferred to the company's account on March 29 and March 30, respectively. According to the company, the above-mentioned government subsidies are expected to increase the company's total profit for the first quarter of 2018 by RMB 50,919,300 (before tax), and will not affect the company's first quarter performance forecast for 2018.

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