[brief] nationstar "tonic", FSL sold China Xuan tech stocks

The country star power for government subsidies

Yesterday (14) evening, Foshan City Star Au Optronics Co (hereinafter referred to as the "company") announced that the company recently received the Foshan Municipal Economic and Information Bureau and the Foshan Municipal Bureau of Finance issued "on the issue of reform related special surplus funds in 2015 provincial technology (the second batch) Notice" (the project plan to add Buddhist Letter No. [2017]268). According to the contents of the notice, the company "show with a small pitch LED package technology and key equipment package technology projects" will obtain technical transformation project subsidies, subsidies amounted to 3 million 590 thousand and 100 yuan.

According to the relevant regulations, the company intends to the subsidy payments recognized as deferred income, and the service life of the related assets in accordance with the method of rational and systematic staging of profit or loss, the specific accounting treatment to the results of the annual audit accountant confirmation.

FSL sold part of China Xuan tech stocks

FSL announced yesterday evening, in order to optimize the asset structure, the company from July 6, 2017 to August 1, 2017 by centralized bidding to sell China Xuan tech stock 8770400 shares, accounting for about 0.9994% of the total share capital of China Xuan tech, the total transaction amount of 304428520.24 yuan.

Preliminary estimates, the company sold China Xuan tech stock 8770400 shares, after deducting costs and related taxes, companies can obtain investment income 270 million 998 thousand and 100 yuan, is expected to increase in the third quarter of 2017 net profit of 228 million 957 thousand and 800 yuan.

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