Dongfeng Motor: The company recently received 186 million yuan in subsidies for the promotion of new energy vehicles from the country

On October 26 news, Dongfeng Motor announced that the company has recently received 186 million yuan in subsidies for the promotion of new energy vehicles from the country, which will directly offset the company's accounts receivable and will not affect the company's current profit and loss.

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Specifically, 95.27 million yuan is part of the 2017 new energy vehicle promotion and application subsidy liquidation fund transferred by the Xiangyang City Finance Bureau; 45.43 million yuan is the 2018 new energy vehicle promotion and application subsidy liquidation fund transferred by the Xiangyang City Finance Bureau (2353 RMB 10,000) and pre-appropriated funds for new energy vehicles (21.9 million RMB); RMB 45.037 million is the pre-appropriated funds for the 2020 national new energy vehicle promotion and application subsidy fund transferred by Dongfeng Motor Group Co., Ltd.

Dongfeng Motor said that the subsidy received this time will directly offset the company's accounts receivable, will not affect the company's current profit and loss, and will have a positive impact on the company's cash flow.