Sanan Optoelectronics wholly-owned subsidiary received more than 200 million subsidies
Sanan Optoelectronics Co., Ltd. announced on the evening of the 1st that Xiamen Sanan Optoelectronics Co., Ltd., a wholly-owned subsidiary of the company, received a net subsidy of 208.5 million yuan from the Xiamen Torch High-tech Industrial Development Zone Management Committee on June 30, 2016. yuan. So far, Xiamen Sanan Optoelectronics Co., Ltd. has received a total of RMB 60.85 million in subsidies for 53 chambers (4-inch single-chamber 31-piece models).
According to the "Investment Agreement" signed by the company and the Xiamen Torch High-tech Industrial Development Zone Management Committee, the Xiamen Torch Development Zone Management Committee agreed to give the company's project company (ie Xiamen Sanan Optoelectronics Co., Ltd.) 200 units (with 2 inches of single cavity 54 pieces). The model is based on the MOCVD equipment subsidy. The single unit is converted into a base of 2 inches, 54 pieces and 5 million yuan, and is paid in installments with the payment progress of the project company.
On September 26, 2014 and December 10, 2014, Xiamen Sanan Optoelectronics Co., Ltd. ordered a total of 100 chambers (4 inches of single cavity 31 pieces) from AIXTRON SE and Veeco Precision Instruments International Trading (Shanghai) Co., Ltd. Model) MOCVD equipment. On December 15, 2014 and December 26, 2014, Xiamen Sanan Optoelectronics Co., Ltd. received a subsidy of RMB 400,000 from the Xiamen Torch High-tech Industrial Development Zone Management Committee. On December 11, 2015, Xiamen Sanan Optoelectronics Co., Ltd. terminated the purchase of the German AIXTRON SE47 cavity (4-inch single-chamber 31-piece model) equipment. At present, Xiamen Sanan Optoelectronics Co., Ltd. has 53 chambers (4-inch single-chamber 31-piece models) MOCVD equipment.
Ganzhao Optoelectronics received a government subsidy of 37.55 million yuan
Xiamen Dry Photoelectric Co., Ltd. (hereinafter referred to as "the company") issued an announcement on the evening of 1st, saying that the company recently received the seventh report from the Xiamen Torch High-tech Industrial Development Zone Management Committee (hereinafter referred to as "Xiamen Torch Management Committee"). The subsidy amounted to RMB 37,548,200.00.
The subsidy is based on the agreement of the “Investment Agreement†signed between the company and the Xiamen Torch Management Committee.
Subsidies for MOCVD equipment for blue and green epitaxial wafers. The agreement has been reviewed and approved at the 18th meeting of the second board of directors of the company and the company's second extraordinary shareholders meeting in 2014. In addition, the “Proposal on Adjusting the Investment Scale of “Blue and Green LED Epitaxial Films and Chip Projects†has been reviewed and approved by the 20th meeting of the 2nd Board of Directors and the 3rd Extraordinary General Meeting of Shareholders of 2014.
According to the relevant provisions of the “Accounting Standards for Business Enterprisesâ€, the above-mentioned subsidy funds are recognized as deferred income when they are received, and are evenly distributed to profit or loss within the useful life of the relevant assets.
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