Midea Group, a home appliance maker, reported a net profit of 5.32 billion yuan, It received subsidies worth 720 million yuan from the government.
Among the subsidies, one named 'special fund', which was for energy-saving products, totaled 645 million yuan.
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| A saleswoman displays an electrical water heater to a customer in a supermarket in the city of Qingdao, East China's Shandong province, on May 4, 2012. [Photo by Huang Jiexian / Asianewsphoto] |
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