San'an Optoelectronics Company received another "blood transfusion" from the government and pocketed 170 million yuan

Sanan Optoelectronics issued an announcement on the evening of September 30. The company's wholly-owned subsidiary Fujian Jing'an Optoelectronics Co., Ltd. today received the "Notice from the Anxi County Finance Bureau on the allocation of financial subsidies to Fujian Jing'an Optoelectronics Co., Ltd." from the Anxi County Finance Bureau. According to the county government's goal of accelerating the cultivation of high-tech emerging industrial clusters and promoting the development of the LED optoelectronics industry chain in Anxi County, Fujian Jing'an Optoelectronics Co., Ltd. has been allocated a total of 170 million yuan in "three science and technology" financial subsidies.

According to the relevant provisions of the Accounting Standards for Business Enterprises, the amount is recognized as current income when received, which will have a positive impact on the company's third quarter performance.

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