Atlantic China Welding Consumables (SHA:600558) received revenue-related government subsidies worth 13.2 million yuan up to date, according to a Friday disclosure on the Shanghai Stock Exchange.

The amount accounted for 13.1% of the Chinese welding consumables manufacturer's 2023 net profit, the disclosure said.

Shares of the company slipped less than 2% at the close.

Price (RMB): ¥3.20, Change: ¥-0.050, Percent Change: -1.54%