Mu Linsen, Hua can photoelectric released a subsidy announcement, totaling over 230 million yuan.

By the middle of the year, the announcement of financial subsidies for listed companies was reported frequently. Recently, Mu Linsen and Hua can photoelectric have disclosed the "tonic" announcement.

According to the bulletin, a wholly owned subsidiary of Jiangxi, Mu Lin Sen Lighting Co., Ltd. (hereinafter referred to as "Jiangxi Mu Lin Sen") has received 150 million yuan from the government subsidy fund. The above funds have been allocated to Jiangxi Mu Lin Sen company account in June 29, 2018.

According to the relevant regulations, the above subsidy is a government subsidy related to income. According to the accrual basis principle, it is recognized that the extra business income is included in the current profit and loss. He said the government subsidy received is expected to increase the company's current profit of 150 million yuan this year.

Hua can Au Optronics Co wholly-owned subsidiary huaxan Optoelectronics (Zhejiang) Co., Ltd. in June 29th received the Yiwu information photoelectric high tech Zone Management Committee "about the allocation of huaxan Optoelectronics (Zhejiang) Co., Ltd. second batches of equipment subsidies notice" (Yi hi [2018] 49) document, agreed to allocate huaxan Optoelectronics (Zhejiang) has The limited company's second batch of equipment subsidy is 72 million 895 thousand and 300 yuan, which is a government subsidy related to assets. The company recognised it as deferred income when it received it.

In addition, huaxan Optoelectronics (Zhejiang) Co., Ltd., in June 29th, received the document of the Yiwu information and photoelectric high tech Zone Management Committee, the notice on the allocation of industrial development subsidies of huaxan Optoelectronics (Zhejiang) Co., Ltd. (Yi Gao [2018] 50), and agreed to allocate 12 million 500 thousand yuan for the industrial development subsidy of huaxan Optoelectronics (Zhejiang) Co., Ltd. It is a revenue related government subsidy, and the company recognised it as extra income when it was received.

Hua can photoelectric said that the above subsidy amount of 85 million 395 thousand and 300 yuan has not yet been received. The subsidy related to assets is 72 million 895 thousand and 300 yuan. From the time when the related assets reach a predetermined usage state, the average value of the deferred earnings will be included in the profit and loss according to the estimated period of use of the asset. The estimated impact on the company's pre tax profit in 2018 is 5 million 21 thousand and 900 yuan. The subsidy related to income is 12 million 500 thousand yuan and is expected to affect the company's pre tax profit in 2018, which is 12 million 500 thousand yuan.

For more LED related information, please click LED net or pay attention to WeChat public account (cnledw2013).