Ju can photoelectric wholly-owned subsidiary was subsidized, 95 million 90 thousand into bags

On the evening of 6 may, Ju can photoelectric Polytron Technologies Inc (hereinafter referred to as "poly photoelectric" or "company") announced that the company's wholly owned subsidiary of poly optical technology (Suqian) Co., Ltd. (hereinafter referred to as "poly can Suqian") recently received the Suqian economic and Technological Development Zone Finance Bureau, Suqian economic and Technological Development Zone Finance. The notice on the allocation of subsidies for machinery and equipment of Ju can photoelectric technology (Suqian) Co., Ltd. (Su Kai Cai 2018 18, No. 18) has agreed to allocate 95 million 90 thousand yuan for the machinery and equipment subsidy of Ju can, and has received relevant funds.

According to the relevant regulations, the above government subsidies are not related to the daily operation activities of the company, and are not sustainable. They are related to the assets related government subsidies. The company recognised the subsidy as deferred income when it was received. The final accounting treatment and the specific impact on the company's 2018 annual profits were confirmed by the annual audit of the audit institutions. The result will prevail.

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