Hongli wise government subsidy for the first quarter of 2017 operating income

On the evening of 27 Newell Hongli group Limited by Share Ltd (hereinafter referred to as "the company") a subsidiary of Jiangxi Hongli photoelectric Co. Ltd. (hereinafter referred to as Jiangxi Hongli) recently received 10 million yuan of government subsidies.

The office of the Nanchang Airport Economic Zone in 2017 third and third party committee director will be the spirit, to support the development of enterprises, recently, Jiangxi Hongli received by the Nanchang Airport Economic Zone Finance Bureau issued a business support funds 10 million yuan. Funds accounted for 2015 of the company's audited net profit attributable to shareholders of Listed Companies in the year of 6.57%. Accounted for 2016 of the annual results letters unaudited attributable to shareholders of listed companies net profit of $8.01%. The pen will be included in the current profit and loss of funds, was recognized as the first quarter of 2017 operating income.

The subsidy funds will have a positive impact on the company's net profit in 2017. The final accounting treatment of the above funds shall be subject to the results of the audit of the certified public accountant.

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