Wuhu City, vigorously support LED optoelectronics and then received subsidies

In the city of Wuhu led investment project (600703) Sanan optoelectronics continues to receive the Wuhu municipal government sent subsidies envelopes.

An optoelectronic announcement today, after the company has disclosed a wholly owned subsidiary of Anhui Sanan optoelectronics Co. Ltd. to purchase 50 LED main production equipment to the United States MOCVD Viiko precision instrument limited company (as of now, a total of 90 sets of production equipment for MOCVD), the company according to the stipulations of the contract has been paid the deposit of 16 sets of equipment. According to the agreement, signed an agreement with Anhui Province, Wuhu municipal government in July 2, 2010, the Anhui municipal government to give 16 three received equipment subsidy 57 million 600 thousand yuan. In addition, the preliminary estimates, the company expects to achieve net profit attributable to owners of the parent company in 2010 will grow by more than 240% over the same period last year.

Sanan optoelectronics is not the first time Wuhu city received subsidies. In April 1, 2010, Anhui Sanan optoelectronics company Sanan optoelectronics limited received the Wuhu economic and Technological Development Zone Finance Bureau document, the document said: to implement the country to vigorously develop energy-saving environmental protection industry, construction of economical society's call, according to the municipal government to speed up the cultivation requirements of emerging high-tech industry cluster, promote the development of LED industry chain, to "technology three financial subsidies of 125 million of Anhui Sanan optoelectronics Co. Ltd.; April 8th, Sanan optoelectronics 10 sets of equipment and announced the receipt of subsidies paid 30 million yuan; in mid May, a subsidiary of Anhui Sanan optoelectronics Co., Ltd. Anhui Sanan optoelectronics again received people's government of Wuhu City, 30 sets of MOCVD equipment subsidies 89 million 520 thousand yuan.

In fact, LED investment projects in Wuhu and the Wuhu municipal government support of the listed companies is not only a three optical. December 2009 Elec-Tech (17.20,0.00,0.00%) officially started the LED project in Wuhu, according to local media reports of Anhui, the issuance of the Wuhu SASAC directly under the enterprise intends to participate in the elec-tech.