Mu Linsen And Hua Can Received Government Subsidies Totaling More Than 230 Million

Mu Linsen and Hua Can received government subsidies, totaling more than 230 million

From the middle of the year, the announcement of the financial subsidies of listed companies is frequently reported. Recently, Mulinsen and Huacan Optoelectronics have successively disclosed the “tonic” announcement.

Jiangxi Mu Linsen was compensated for 150 million yuan

According to the announcement, Jiangxi Linlin Lighting Co., Ltd., a wholly-owned subsidiary of Mulinsen Co., Ltd. (hereinafter referred to as “Jiangxi Mulinsen”) received a government subsidy of RMB 150 million. The above funds were transferred to Jiangxi Mulinsen Company on June 29, 2018. Account.

According to the relevant regulations, the above-mentioned subsidies belong to the government subsidies related to the income, and the non-operating income is recognized in the current profit and loss according to the accrual basis. Mulinsen said that the government subsidies received this time are expected to increase the company's profit this year by RMB 150 million.

Huacan Optoelectronics (Zhejiang) Co., Ltd. was supplemented with RMB 85,395,300

Huacan Optoelectronics (Zhejiang) Co., Ltd., a wholly-owned subsidiary of Huacan Optoelectronics Co., Ltd., received the second batch of equipment subsidies from Huacan Optoelectronics (Zhejiang) Co., Ltd. on June 29th. The notice (Yi Gaoxin [2018] No. 49) file agreed to allocate the second batch of equipment subsidies of Huacan Optoelectronics (Zhejiang) Co., Ltd. to RMB 28,985,300, which is a government subsidy related to the assets. Confirmed as deferred income.

In addition, Huacan Optoelectronics (Zhejiang) Co., Ltd. received the Notice of Distributing the Industrial Development Grant of Huacan Optoelectronics (Zhejiang) Co., Ltd. on June 29 (Yi Gaoxin [2018] No. 50 The document agrees to allocate the industrial development subsidy of Huacan Optoelectronics (Zhejiang) Co., Ltd. to RMB 12.5 million, which is a government subsidy related to income. The company recognizes this subsidy as non-operating income upon receipt.

Huacan Optoelectronics said that the above subsidy of RMB 85,395,300 has not been received yet. The subsidy related to the assets is RMB 72,985,300. From the time when the relevant assets are ready for their intended use, the average deferred income will be included in the profit and loss according to the estimated useful life of the assets, which is expected to affect the company's 2018 pre-tax profit. It is 50.219 million yuan. The income-related subsidy of $12.5 million is expected to have an impact on the company's 2018 pre-tax profit of $12.5 million.