The two largest LED enterprises received government subsidies totaling about 183 million.

Yesterday (7) evening, huaxan optoelectronics and Mu Lin Sen issued a government subsidy notice, of which, huaxan optoelectronics company received three subsidies, totaling about 135 million yuan.

According to the announcement, according to the notice issued by the Jinggangshan economic and Technological Development Zone Management Committee, the Jinggangshan interim economic zone's interim measures to support the development of the "1+3" industry (well Kai [2017] 42], a wholly owned subsidiary of Ji'an, the Mu Lin Sen optoelectronics limited company, has received 48 million 500 thousand yuan from the government subsidy fund. The fund was allocated to the Ji'an wood forest company account in September 30, 2018, and the government subsidy fund is not sustainable.

He said that the government subsidy received is expected to increase the total pre tax profit of the company by RMB 48 million 500 thousand yuan.

Hua can photoelectric announced that the company's wholly owned subsidiary huaxan Optoelectronics (Zhejiang) Co., Ltd. received the document of the Yiwu information and photoelectric high tech Industrial Park Management Committee on the third batch of loan discount subsidy granted by huaxan Optoelectronics (Zhejiang) Co., Ltd. (Yi Gao Xin [2018]68) in September 30, 2018. The third batch of loan discount subsidy fund of Huacan photoelectric (Zhejiang) Co., Ltd. was 15 million 212 thousand and 400 yuan in 2018. The loan discount subsidy fund is related to the income related government subsidy. The company has recognized the subsidy as the current income when receiving the notice of the appropriation. The government subsidy is related to the day-to-day business activities of the company and is sustainable.

Secondly, the company's wholly owned subsidiary huaxan Optoelectronics (Zhejiang) Co., Ltd. received the document of the Yiwu information high and New Technology Industrial Park Management Committee on September 30, 2018 about the notice of the fourth batch of loan discount subsidy granted by huaxan Optoelectronics (Zhejiang) Co., Ltd. (Yi Gao Xin [2018]69), and agreed to pay Hua Canguang. The fourth batch of loan discount subsidy fund of Zhejiang electric power (Zhejiang) Co., Ltd. was 30 million 832 thousand and 700 yuan in 2018. The interest subsidy fund of the loan is a government subsidy related to income. The company has recognized this subsidy as the current income when it receives the approval notice. The government subsidy is related to the day-to-day business activities of the company and is sustainable.

In addition, the company's wholly owned subsidiary huaxan Optoelectronics (Zhejiang) Co., Ltd., in September 30, 2018, received the document of the Yiwu information high and New Technology Industrial Park Management Committee, "the notice to allocate the third batch of equipment subsidies for huaxan Optoelectronics (Zhejiang) Co., Ltd." (Yi hi [2018]70), and agreed to allocate huaxan Optoelectronics ( Zhejiang Limited Co., Ltd. in 2018 the third batch of equipment subsidies 86 million 893 thousand and 100 yuan. The facility is subsidized by assets related to government grants, and the company recognised it as deferred income when it was received. The government subsidy is related to the day-to-day business activities of the company and is sustainable.

According to huaxan photoelectric, the company confirms the above matters according to the relevant provisions of the accounting standards for Enterprises No. sixteenth - government grants, and divides the types of subsidies. The subsidy related to income is 46 million 45 thousand and 100 yuan and is expected to affect the company's pre tax profit in 2018, which is 46 million 45 thousand and 100 yuan. The subsidy amount related to assets is 86 million 893 thousand and 100 yuan. From the time when the related assets reach a predetermined usage state, the average value of the deferred income will be divided into profits and losses according to the estimated period of use of the asset. It is estimated that the impact on the company's pre tax profit in 2018 is 4 million 805 thousand and 300 yuan.

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