At the end of "big red", HC semitek and subsidiaries were fetched 50 million

HC semitek December 26th evening announcement, the company recently received the approval of Zhejiang Yiwu Industrial Park Management Committee on finance "Huacan Au Optronics Co industry development" (Grant No. [2016]39 tube Yiyuan) documents, agreed to finance the Huacan Au Optronics Co in 2016 the fourth quarter industrial development subsidies 37 million 500 thousand yuan.

According to the relevant provisions, the sum of subsidies for the fourth quarter of 2016, operating income and pay at the rate of 15% corporate income tax will be confirmed, is expected to increase in 2016 net profit of 31 million 875 thousand yuan; a wholly owned subsidiary of science and Technology (Yiwu) Co., Ltd. langene received Zhejiang Yiwu Industrial Park Management Committee "on the allocation of science and Technology (Yiwu) recently langene approved limited industrial development assistance" (Yiyuan tube [2016]40) documents, agreed to finance the aquamarine Technology (Yiwu) Co., Ltd. in 2016 fourth quarter industry subsidies 12 million 500 thousand yuan.

According to relevant regulations, the subsidy will be recognized as the fourth quarter of 2016 operating income and corporate income tax rate of 25%, is expected to increase the company's net profit of $9 million 375 thousand in 2016.

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