AOKANG International Received A Total Subsidy Of 14 Million 576 Thousand And 100 Yuan In 2019.
In December 10th, AOKANG International (603001) issued a notice that Zhejiang AOKANG footwear Limited by Share Ltd and its subsidiaries from January 1, 2019 to December 6, 2019, received a total of 14 million 576 thousand and 100 yuan of government subsidies.
Source: AOKANG announcement
According to the relevant provisions of the Enterprise Accounting Standards No. sixteenth government subsidy, the company confirms that the above government subsidy is a government subsidy related to income and is included in the current profit and loss. The specific accounting treatment and the impact on the company's profit and loss will be determined by the annual audit confirmation of the audit institution.
Prior to the three quarter earnings report released by AOKANG international, AOKANG's operating income in the first three quarters of the year was 1972822472.88 yuan, a decrease of 9.56% compared with the same period last year, and its net profit attributable to shareholders of listed companies was 105932255.05 yuan, down 38.48% from the same period last year.
As of October, AOKANG has opened 32 distribution stores in Vietnam and Kuwait, and Vietnam has opened 1 distribution stores in the third quarter of 2019, closing 2 distribution stores.
It is reported that AOKANG's international net profit has fallen by 20% over the past three years. Faced with declining profits and gradually weakening traditional shoe market. Whether AOKANG can change its decline or not depends on government subsidies.
Author: Li Yuanyuan
- Related reading
"National Tide Awakening", Rooted In The National Pride Of The Brand, Inspired Lining.
|
The Concept Of Technology: Robots Must Be Clearly Identified As Workers Instead Of Workers.
|
- Expert commentary | The Downstream Is Still Weak And The Yarn Is Liable To Fall.
- Fashion shoes | Adidas Trifolium X Blondey Mccoy Joint Superstar Shoe Sales Details Released
- Fashion shoes | CONVERSE Fluorescent Yellow Color Matching All Star Pro BB "Grinch" Basketball Shoes Will Soon Be On The Shelves.
- Fashion shoes | Adidas X Beyonc Beyonc Series Is Exposed In Real Terms, In The Name Of IVY PARK.
- Fashion shoes | Monocle X Adidas Joint Pulseboost HD Shoes Suit Suit Attack
- Fashion shoes | END. X New Brun Joint "Persian Carpet" Color 997 Shoes Come Out.
- Fashion shoes | FMACM X Fan'S Joint Custom Era Shoes Series Appreciation, Poetry In Shoes?
- Fashion shoes | Dr. Martin X Bodega Jointly Issued 1461 Low Shoe Shoes, Anti Popular Culture.
- Fashion shoes | O'Neal'S Annual War Boots Reebok Shaqnosis Shoes Will Soon Resume.
- Fashion brand | Dbrukia X "Dragon Ball Super" Jointly Limited Shoe Box Series Debut, Unique Tie Dyeing Details
- Haven'T You Arranged The Martin Boots That Yang Mi Likes To Wear?
- Haining Textile Flexible Composites Expo Shows Industry Vitality
- Argentina'S Industrial Recession In September 2019 Was 7%, Which Has Been Shrinking For 17 Consecutive Months.
- Dongguan Textile And Clothing School And YISHION Group Hold School Enterprise Cooperation
- Zhengzhou Textile Industrial Heritage Museum Is Collecting Collections For The Society.
- The "Textile Industry Equipment Management Evaluation Guidelines" Will Be Convened In The Spinning Group Standards.
- The Ninth "The Olympic Games" Diplomat Dress Contest Is In Full Bloom.
- ZDHC Launches New List Of Production Restricted Substances (MRSL)
- India'S 2019-20 Quarter Growth Forecast For The Second Quarter Will Fall To 4.5~4.7%
- South Korea And Vietnam Sign Revised Protocol To Avoid Double Taxation Agreement