Huacan Optoelectronics announced on the evening of June 29 that Lanjing Technology (Yiwu) Co., Ltd., a wholly-owned subsidiary of the company, recently received the management committee of Yiwu Information Optoelectronics High-tech Industrial Park, regarding the allocation of the industry of Blue Crystal Technology (Yiwu) Co., Ltd. The Circular of the Development Assistance Notice (Yi Gaoxin [2017] No. 6) agreed to pay the blue crystal technology (Yiwu) Co., Ltd. second quarter 2017 industrial development subsidy of 12.5 million yuan.
The company said that the current grant has not yet arrived. According to relevant regulations, the subsidy will be recognized as non-operating income in the second quarter of 2017 and will be subject to corporate income tax at a rate of 25%. It is expected to increase the company's 2017 net profit by 9.375 million yuan, accounting for the company's 2016 audited attributable to shareholders of listed companies. The net profit is 3.51%. It is expected to have a positive impact on the company's 2017 operating results.
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