DongFeng Automobile (SHA:600006) received a total of 32.1 million yuan in central energy conservation and emission reduction subsidies from October 2024 to December 2024, according to a Shanghai Stock Exchange disclosure on Friday.
The grant was from China's Xiangyang Municipal Bureau of Economic and Information Technology.
The subsidiary will directly reduce the automobile maker's accounts receivable and will have a positive impact on the company's cash flow, the disclosure said.
Dongfeng's shares dropped more than 3% in recent trade.
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