Elec-Tech "tonic" 90 million, the 2016 performance will greatly increase

Elec-Tech yesterday (June 23rd) evening announcement, recently, a subsidiary of the company Bengbu three Yi Semiconductor Co. Ltd. (hereinafter referred to as the "three Bengbu Yi") received the Bengbu high tech Industrial Development Zone Finance Bureau "on the three HPA financed Bengbu Semiconductor Co. Ltd. industry support fund notice" (high property [2016]62 mussels). Notice: in order to speed up the implementation of the LED flip chip project progress, to promote the development of the city's LED optoelectronics industry, the study decided to agree to allocate three yuan Bengbu industrial support fund of $90 million.

Notice that, in accordance with the provisions of the accounting standards, these subsidies are associated with the income of government subsidies, will be directly included in the current profit and loss, it will have a positive impact on the company's 2016 annual earnings. However, the company will be included in the one-time subsidy of the current profit and loss accounting treatment is still subject to the results of the annual audit of certified public accountants shall prevail.

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