In a recent announcement by Scitop Bio-Tech, its wholly-owned subsidiary Inner Mongolia Scitop Bio-Tech Co., Ltd. received a 20 million yuan government subsidy, accounting for 21.39% of the company's net income attributable to shareholders of the listed company audited for the 2023 fiscal year. The subsidy is related to revenue, and the company plans to include the subsidy in "deferred income" and transfer it to "other income" according to the progress of the project. The company will use the government subsidy funds reasonably and compliantly, and increase investment in R&D projects related to the deep mining of lactic acid bacteria resources and the application of technology in the entire industry chain.
科拓生物:全资子公司获得2000万元政府补助
Scitop Bio-Tech: its wholly-owned subsidiary received 20 million yuan government subsidy.
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