Qunxing Toys recently disclosed an announcement that its wholly-owned grandson company, Hangzhou Turing Engine Technology, has received a government subsidy of 5.28 million yuan. The subsidy is related to income and accounts for 20.00% of the absolute value of the net profit attributable to shareholders of the listed company in the most recent audited fiscal year. The company stated that the above government subsidy is expected to have a certain positive impact on this year's profit, but the specific accounting treatment and the impact on profit and loss remain subject to the results confirmed by the auditor's annual audit. Public information shows that Qunxing Toys was established on September 2, 1996, and listed on the Shenzhen Stock Exchange on April 22, 2011. Its main businesses include liquor sales, financial consulting services, leasing of self-owned properties, and operation of startup park services. The company's 2026 semi-annual report shows that operating revenue for the reporting period was 223 million yuan, up 27.3% year on year; net profit attributable to the parent company was negative 48.5934 million yuan, down 184.81% year on year; net profit attributable to the parent company after deducting non-recurring items was negative 49.2666 million yuan, down 156.37% year on year; and net cash flow from operating activities was 15.0251 million yuan, down 61.39% year on year. From a single-quarter perspective, in the second quarter of 2026, the company's operating revenue was 159 million yuan, up 54.88% year on year; net profit attributable to the parent company was negative 47.703 million yuan, down 2270.85% year on year; and net profit after deducting non-recurring items was negative 47.9291 million yuan, down 1106.9% year on year.
Guangdong Qunxing Toys Joint-Stock Co LtdWholly-owned grandson company received a 5.28 million yuan government subsidy equal to 20% of last year's net profit, expected to positively impact this year's profit.
Hangzhou Turing Engine Technology received a 5.28 million yuan government subsidy related to income.