For the lighting industry, LED subsidies are obviously not a new term. Since 2009, the LED lighting industry has been subsidized. The central government has subsidized the semiconductor lighting industry for six consecutive years. With the support of subsidies, the LED industry, especially the LED upstream chip industry, has indeed ushered in a spurt development.
At the same time, in recent years, local governments have successively introduced policies to vigorously promote the transformation of LED energy-saving projects, especially the strong promotion of the PPP model, and drive the urban landscape lighting renovation project into the fast lane.
Since 2017, domestic LED manufacturers such as Hongli Zhihui, Ruifeng Optoelectronics, Huacan Optoelectronics, and Sanan Optoelectronics have received a number of government subsidies.
Sanan Optoelectronics Co., Ltd. received 100 million government subsidies
Sanan Optoelectronics invested and established Xiamen Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary in Xiamen Torch High-tech Industrial Development Zone, to engage in optoelectronic industrialization projects.
In order to support the development of Xiamen Sanan Optoelectronics Co., Ltd., the Xiamen Torch High-tech Industrial Development Zone Management Committee allocated RMB 100 million to Xiamen Sanan Optoelectronics Co., Ltd. on June 23, 2017. Xiamen Sanan Optoelectronics Co., Ltd. has received The money.
According to the relevant provisions of the Accounting Standards for Business Enterprises, this amount is recognized as current income upon receipt and will have a positive impact on the company's 2017 interim results.
Huacan Optoelectronics Q1 receives 50 million government subsidies
On March 31, 2017, Huacan Optoelectronics issued the “Announcement on Subsidiary Obtaining Government Subsidies†(announcement number is 2017-058).
Huacan Optoelectronics (Zhejiang) Co., Ltd., a wholly-owned subsidiary of Huacan Optoelectronics Co., Ltd., received the Notice of Zhejiang Yiwu Industrial Park Management Committee on Distributing the Industrial Development Subsidy of Huacan Optoelectronics (Zhejiang) Co., Ltd. (Yiyuan Guan [2017] No.9 The document will be allocated to Huacan Optoelectronics (Zhejiang) Co., Ltd. for the first quarter of 2017, the industrial development subsidy fund of 37.5 million yuan.
Lanjing Technology (Yiwu) Co., Ltd., a subsidiary of Huacan Optoelectronics Co., Ltd., received the Notice of Zhejiang Yiwu Industrial Park Management Committee on Disbursing the Industrial Development Grant of Lanjing Technology (Yiwu) Co., Ltd. (Yiyuan Guan [2017] No. 10) The document will be allocated to the blue crystal technology (Yiwu) Co., Ltd. in the first quarter of 2017, the industrial development subsidy of 12.5 million yuan.
According to statistics, Huacan Optoelectronics received a total of 50 million yuan in government subsidies in the first quarter, which will have a positive impact on the company's 2017 results.
In 2017, Honglizhi collected 3 government subsidies.
In June 2017, Hongli Zhihui Subsidiary Jiangxi Hongli Photoelectric Co., Ltd. (hereinafter referred to as “Jiangxi Hongliâ€) received RMB 9,936,800 from the financial support of the Nanchang Linkong Economic Zone Finance Bureau.
According to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidyâ€, the supporting funds will be included in the current profit and loss and will be recognized as non-operating income for the second quarter of 2017.
On March 28, 2017, Hongli Zhihui announced that its holding subsidiary Jiangxi Hongli recently received a government subsidy of 10 million yuan.
According to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidyâ€, the supporting funds will be included in the current profit and loss and will be recognized as non-operating income for the first quarter of 2017.
On March 8, 2017, Hongli Zhihui announced that the company's controlling subsidiary, Jiangxi Hongli, recently received a government subsidy of 14.32.39 million yuan.
According to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidyâ€, the supporting funds will be included in the current profit and loss and will be recognized as non-operating income for the first quarter of 2017.
According to the statistics of Gaogong LED, Hongli Zhihui received three government subsidies in the first half of the year, totaling 34.246 million yuan.
Ruifeng Optoelectronics Q1 won 2 government subsidies
On March 29, 2017, Ruifeng Optoelectronics received RMB 3.053 million from the Shenzhen Finance Committee “2016 Shenzhen Enterprise R&D Expenses Subsidyâ€.
On March 31, 2017, Ruifeng Optoelectronics received 2 million yuan from the project of “Supporting the Cultivation and Introduction of Headquarters Leading Enterprises†by the Development and Finance Bureau of Shenzhen Guangming New District.
According to statistics, Ruifeng Optoelectronics received two government subsidies in the first quarter, totaling 5.053 million yuan. The above-mentioned subsidy funds companies are reflected in the “Deferred income†subject, and amortization is recognized in accordance with the accounting standards to confirm non-operating income.
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