On June 23, Dehao Runda (002005) announced the evening announcement that the company's holding subsidiary, Sanken Semiconductor Co., Ltd. (hereinafter referred to as â€œèšŒåŸ ä¸‰é¢â€), received the “Finance of the High-Tech Industrial Development Zone Finance Bureauâ€. Notice of Industry Support Fund for Sancha Semiconductor Co., Ltd. (蚌高财[2016] No. 62).
The notice stated that in order to speed up the implementation of the LED flip chip project and promote the development of the LED optoelectronic industry in our city, it was decided by research that it would allocate 90 million yuan to support the industry.
According to the accounting standards, the above subsidies are government subsidies related to income and will be directly included in the current profit and loss, which will have a positive impact on the company's 2016 earnings. However, the company's accounting treatment for the current period of profit and loss will still be subject to the results of the annual audit of the accountant.
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