On April 11, Hongli Optoelectronics announced the evening announcement that the company's wholly-owned subsidiary Jiangxi Hongli Photoelectric Co., Ltd. (hereinafter referred to as “Jiangxi Hongliâ€) recently received a government subsidy of 5.4 million yuan, as follows:
According to the spirit of the fifth meeting of the Party and Government Joint Conference of Nanchang Airport Economic Zone, in order to support the development of the enterprise and accelerate the construction of the project, Jiangxi Hongli recently received the enterprise support fund of 5.4 million yuan issued by the Finance Bureau of Nanchang Airport Economic Zone. Renminbi.
The above funds accounted for 5.75% of the company's audited net profit for 2014, accounting for 3.31% of the unaudited net profit of the 2015 Annual Results Express. 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 in the second quarter of 2016.
The government's support funds will have a positive impact on the company's 2016 net profit. The final accounting treatment of the above funds shall be subject to the results of the audit of the accountants, and investors are advised to pay attention to the investment risks.
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