Five LED rate Qi "tonic", the highest amount of BDO was up

By the middle of the year, the announcement of financial subsidies for listed companies was frequently reported. According to the two city announcement, the "subsidy" and "subsidies" as the key query can be seen, two cities in the first half of a total of about 400 announcements, announced the details of these payments received. Recently, LED industry has three safety optoelectronics, HC semitek, Hongli Newell, Elec-Tech have disclosed the "tonic" announcement.

Hongli Newell 23 announcement, the company is a subsidiary of Jiangxi Hongli opto electronic Co., Ltd. recently received by the Nanchang Airport Economic Zone Finance Bureau issued a business support funds 9 million 936 thousand and 800 yuan. The supporting funds will be included in the profits and losses of the current period, and it shall be regarded as the non operating income in the second quarter of 2017.

29 evening, HC semitek announcement, the company two owned subsidiary of aquamarine Technology (Yiwu) Co. Ltd. Yiwu received information photoelectric High-tech Industrial Park Management Committee "on the appropriation of aquamarine technology recently (Yiwu) Co. notice Industrial Development Grant" (meaning hi [2017] No. 6) documents, agreed to finance the aquamarine science and Technology (Yiwu) Co. Ltd. in 2017 second quarter industrial development grant funds 12 million 500 thousand yuan; in addition, a wholly owned subsidiary of HC semitek (Zhejiang) Co., Ltd. Yiwu received information photoelectric High-tech Industrial Park Management Committee "on the disbursement of HC semitek recently (Zhejiang) Industrial Development Co. notice" (meaning [2017] high subsidies No. 7) documents, agreed to finance the HC semitek (Zhejiang) Co. Ltd. in 2017 second quarter industrial development grant funds 3 7 million 500 thousand yuan. Two subsidies have not yet arrived, will be recognized as the two quarter of 2017 operating income.

Sanan optoelectronics 26 announcement that a wholly owned subsidiary of Xiamen Sanan optoelectronics Co. Ltd. has received the Xiamen torch hi tech Industrial Development Zone Management Committee in June 23, 2017 allocated 100 million yuan reward fund. The proceeds are recognised as current earnings and will have a positive impact on the company's interim results for the year 2017.

The 29 day also issued a "tonic" announcement, the company's subsidiary Bengbu Yi three 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 [2017]48 mussels). According to the circular shows that, in order to speed up the implementation of LED flip chip project progress, and promote the development of Bengbu LED photoelectric industry, decided by the study, agreed to allocate Bengbu three Yi industry support funds 125 million yuan.

Yesterday (2) evening, Xiamen XinDa announced that, recently, a wholly owned subsidiary of XinDa of Fujian province Photoelectric Technology Co. Ltd. (hereinafter referred to as the "Fujian photoelectric XinDa") from Fujian (Quanzhou Lake) Photoelectric Industrial Park Management Committee (hereinafter referred to as the "CMC") issued "on the disbursement of XinDa in Fujian province Optoelectronics Technology Co. the company's financial subsidies notice". According to the Fujian XinDa in Fujian, Quanzhou (Lake) photoelectric Photoelectric Industrial Park of the leading role of LED industry investment and the development of the industry, the CMC agreed to finance subsidies: Science and technology three funds subsidies 18 million yuan; investment subsidies 5 million yuan; acquisition subsidies of 5 million yuan; industrial development, expansion of income and other financial subsidies 15 million yuan.

From the release of the 5 companies was up announcement, subsidies are subsidies for numerous reasons, industrial development, some enterprises more science and technology support funds, three funds financial subsidies, and subsidies to mergers and acquisitions investment subsidies and so on.

From the announcement details, Xiamen XinDa, Sanan optoelectronics, Hongli Newell is prior to that disclosure may receive subsidies, subsidies matters, but these funds in the near future into the company account; while Elec-Tech HC semitek is allocated and notify the newly received various grants, subsidies, but the money has not been credited.

For enterprises, received subsidies, subsidies can be described as "icing on the cake", for the 2017 interim results or 2017 profits will have a positive impact. Referring to the company's 2016 annual earnings report, we can see that five companies are in a state of substantial profits. In 2016, HC semitek achieved revenues of 1 billion 582 million yuan, net profit of 267 million yuan; an optoelectronic sales revenue of 6 billion 273 million yuan, attributable to shareholders of listed companies net profit of 2 billion 167 million; Xiamen XinDa operating income 40 billion 291 million yuan, net profit of 140 million yuan; the operating income of 4 billion 53 million yuan, attributable to shareholders of listed companies net profit of 29 million 728 thousand and 500 Li Yuan; Newell achieved operating income of 2 billion 258 million yuan, net profit of 138 million yuan.

LED lighting as a new industry, since 2009, the country has been "pet", the scope of subsidies is huge, early in the development of the industry, government subsidies for the development of the LED industry plays a role in promoting. Insiders said that the current financial subsidies for listed companies has become the norm, but the government subsidies do not have continuity, can not change the company's main business long-term losses, profit growth weakness predicament.

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