Aoyang Shunchang Subsidiary received a government subsidy of 30 million yuan

Aoyang Shunchang announced on the evening of July 11 that the company received a notice from Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd. on July 11 that Huai'an Optoelectronics received a special subsidy of 30 million yuan from the Qinghe District People's Government of Huai'an City. The subsidy has now been recorded.

According to the "Accounting Standards for Business Enterprises", the above subsidy is designated for the introduction of advanced epitaxial furnaces and related ancillary equipment. It is a government subsidy related to assets, which will be included in deferred income when received, and then available from related assets. From the time of use, it is evenly distributed over the useful life of the asset and included in non-operating income.

Aoyang Shunchang said that the subsidy received this time will not have a significant impact on the company's 2014 annual results, and will have a positive impact on the future operation of the company's LED business.

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