Mid year earnings announcement intensive disclosure, multi business sun government subsidies

While A share listed companies are gradually disclosing the performance notice, many listed companies are drying up the government's "red envelope". Recently, Mu Linsen, OPPLE lighting and Ruifeng photoelectric have released the "tonic" related announcements.

According to the 11 evening announcement of Yiwu, a wholly owned subsidiary, Yiwu Mu Lin Sen Lighting Technology Co., Ltd. (hereinafter referred to as "Yiwu Mu Lin Sen") received the notice from Yiwu information and photoelectric high tech Industrial Park Management Committee on the appropriation of investment and construction subsidies for Yiwu Mu Lin Sen lighting technology Co., Ltd. (Yi hi-tech [2018]54) documents agreed to allocate 50 million yuan for investment and construction subsidy of Yiwu Mu Lin Sen Lighting Technology Co., Ltd. The above funds were allocated to the Yiwu wood forest company's account in July 11, 2018 and the revenue related government subsidy was recognized as the current income at the time of receipt.

He said the government subsidy received is expected to increase the total profit of the company in the current year by 50 million yuan.

Unlike OPPLE, the OPPLE lighting announced a total of 85030479.07 yuan of revenue from the company and its subsidiaries during the 12 months from August 3, 2017 to July 14, 2018.

The OPPLE lighting and holding subsidiary has received a total of 12 income related government grants in the past two months.

According to the announcement, as of July 14th, the total amount of government subsidies received by OPPLE lighting for 12 consecutive months will be 76 million 699 thousand and 100 yuan in the current 2018 profit and loss. The specific accounting treatment and the impact on the company's profit and loss will still have to be determined by the annual audit confirmation of the audit institutions.

In addition, on the evening of 15, Ruifeng photoelectric announced that a wholly owned subsidiary, Zhejiang Ruifeng photoelectricity Co., Ltd. (hereinafter referred to as "Zhejiang Ruifeng") has recently received the "2017 local financial contribution award" award of 4001665.18 yuan from the Yiwu information and Photoelectric Industrial Park Management Committee.

Ruifeng photoelectric and its subsidiaries from January 1, 2018 to July 16, 2018, received a total of 14754557.83 yuan of government subsidies. All of the above government subsidies are income related government subsidies and are included in other income subjects, which is expected to increase the total pre tax profit of 14754557.83 yuan in 2018.

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