Xiangtan Electric Manufacturing announced that the company has received a subsidy of 0.15 billion yuan from the Xiangtan Municipal People's Government, of which 0.12 billion yuan is a subsidy to the company, accounting for 40.02% of the net income attributable to the shareholders of the listed company in 2023 as audited; 30 million yuan is a subsidy to the company's controlling shareholder Xiangtan Electric Group Co., Ltd., handled by the company on a "collect on behalf and pay on behalf" basis.