Hongli Optoelectronics announced on the evening of September 29th that according to the “Notice on Applying for the 2014 Electronic Information Industry Development Fund Project†issued by the Ministry of Industry and Information Technology, the company submitted a feasibility study report on the project “Development and Industrialization of New LED Devices for Lightingâ€. The project is expected to have a total investment of 20 million yuan, of which 16 million yuan will be raised by the enterprise and 4 million yuan will be applied for the development of the electronic information industry development fund. Recently, the company received 4 million yuan from the electronic information industry development fund issued by the Ministry of Finance.
According to the company, the above funds accounted for 6.28% of the company's 2013 audited net profit. The company will include it in deferred income in accordance with the relevant provisions of the “Accounting Standards for Business Enterprisesâ€. It is expected that this government subsidy will have a certain impact on the company's net profit for the year 2014 and beyond.
According to the company, the above funds accounted for 6.28% of the company's 2013 audited net profit. The company will include it in deferred income in accordance with the relevant provisions of the “Accounting Standards for Business Enterprisesâ€. It is expected that this government subsidy will have a certain impact on the company's net profit for the year 2014 and beyond.
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