King Long Gets 107 Million Yuan Governmental Subsidy in the 2nd Half of 2013

  On Feb.24th of 2014, King Long gets 106.9595 million Yuan subsidy from government from July to December of 2013.

According to accounting standard, all these subsidies can be divided into 2 parts, assets and earnings. Subsidies of assets and earnings are respectively 51.0235 million Yuan and 55.936 million Yuan. All these subsidies are all included current profit and loss—73.2985 million Yuan. These subsidies influence net profit of 26.8886 million Yuan owned by shareholders of parent company from July to December of 2013.