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Xibei Bearing received 5.2345 million yuan government subsidy

Resource from:  CBCC Likes:100
Jun 16,2014
Xibei Bearing Co., Ltd. announced on June 13, 2014 that Ningxia Rail Traffic Bearing Co., Ltd., a wholly owned subsidiary of the company had received 5.2345 million yuan government subsidy fund for the technology and management innovation and improvement in the information level. The government subsidy will be credited to the company's operating income, which will result in the increase in the profit margins.
(CBCC)
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