LED corporate benefits: overclocking three and snow lett receive government subsidies

Recently, overclocking three and snow lett have issued a notice on receiving government subsidies, each of which has counted the total subsidies received this year. The two companies accumulated around 9 million 380 thousand yuan and 13 million 860 thousand yuan into bags, respectively.

CF three announced that the company received a subsidy of 7057460 yuan from the Qianjiang Century City Management Committee of Xiaoshan, Hangzhou. The company and its controlling subsidiaries accumulated a total of RMB 9381962 yuan from May 28, 2018 to this announcement.

Overclocking three indicates that the company intends to include the above government subsidy in the deferred income of 1000000 yuan, accounting for 8381962 yuan in other income. The final accounting process must be based on the results of the annual auditor's confirmation.

The snow lett announcement shows that the company and its subsidiary Fushun photoelectric Polytron Technologies Inc, Shenzhen Zhuo Yu Automation Technology Co., Ltd., Foshan Xiao Xue Technology Co., Ltd., Shenzhen Yi Ke Photoelectric Technology Co., Ltd. and Shenzhen Manta Intelligent Technology Co., Ltd. have received all kinds of government subsidy funds since January 1, 2018. It comes to 13857776.24 yuan.

Snowet said that the above government subsidies will have a positive impact on the company's 2018 annual production and operation, and it is expected to increase the total profit of 2018 yuan by 13857776.24 yuan.

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