On December 24, Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., a subsidiary of Jiangsu Aoyang Shunchang Co., Ltd. (hereinafter referred to as the “Companyâ€), received the special science and technology funded by the Qinghe District People's Government of Huai'an City on December 22, 2015. The subsidy fund is 40 million yuan. The subsidy is based on the letter from Huai'an Qinghe District People's Government on Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd.
According to the "Accounting Standards for Business Enterprises", the above subsidy is a government subsidy related to the assets, which will be included in the deferred income when received, and then averaged over the useful life of the asset from the time the relevant asset is available for use. , included in non-operating income.
The subsidy funds received this time will not have a significant impact on the company's 2015 annual results, and will have a positive impact on the future operation of the company's LED business.
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