Tonic! HC semitek, Elec-Tech government subsidy

Yesterday (29) evening, Huacan Au Optronics Co (hereinafter referred to as the "company") announced that the company's two wholly owned subsidiary received government subsidies to finance the notice, a total amount of 50 million yuan.

Class two wholly-owned subsidiary of aquamarine Technology (Yiwu) Co. Ltd. Yiwu received information photoelectric High-tech Industrial Park Management Committee "on the appropriation of aquamarine technology recently (Yiwu) Co. notice Industrial Development Grant" (Yi Gaoxin [2017] No. 6) documents, agreed to finance the aquamarine Technology (Yiwu) Co., Ltd. in 2017 second quarter of Industrial Development Grant funds 12 million 500 thousand yuan. At present, the grant has not yet arrived.

The sum of subsidies will be identified as the 2017 two quarter operating income at the rate of 25% corporate income tax, is expected to increase in 2017 net profit of 9 million 375 thousand yuan, accounting for the company's 2016 annual audited attributable to shareholders of listed companies net profit of 3.51%.

In addition, a wholly owned subsidiary of HC semitek (Zhejiang) Co., Ltd. Yiwu received information photoelectric High-tech Industrial Park Management Committee "on the disbursement of HC semitek recently (Zhejiang) Co. notice Industrial Development Grant" (meaning hi [2017] No. 7) documents, agreed to finance the HC semitek (Zhejiang) Co., Ltd. in 2017 the second quarter industry subsidies 37 million 500 thousand yuan. At present, the grant has not yet arrived.

The sum of subsidies will be identified as the 2017 two quarter operating income at the rate of 25% corporate income tax, is expected to increase in 2017 net profit of 28 million 125 thousand yuan, accounting for the company's 2016 annual audited attributable to shareholders of listed companies net profit of 10.53%.

The same evening, Guangdong electric Limited by Share Ltd (hereinafter referred to as "the company") also released a "tonic" announcement, the company recently owned subsidiary of Bengbu Yi three Semiconductor Co. Ltd. (hereinafter referred to as the "three Bengbu Yi") received the Bengbu hi tech Industrial Development Zone Finance Bureau issued a notice "on the allocation of Bengbu three Yi Semiconductor Co. Ltd. the industrial support fund" (Bengbu high property No. [2017]48). According to the circular shows that, in order to speed up the implementation of LED flip chip project progress, and promote the development of Bengbu LED photoelectric industry, decided by the study, agreed to allocate Bengbu three Yi industry support funds 125 million yuan. These subsidies are government subsidies related to income and will be directly included in the current profits and losses, and therefore will have a positive impact on the company's 2017 annual earnings.

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