DongFeng Automobile (SHA:600006) received 40 million yuan worth of government subsidies, a Saturday filing on the Shanghai Stock Exchange said.
The income-related accounts for 20% of the Chinese automobile company's net profit attributable to shareholders in 2023.
The grant was from the finance bureau of the Yang High-tech Industrial Development Zone, the filing added.
The company's shares jumped more than 3% in recent trade.
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