An optical three 22 evening announcement that the September 16, 2013 the company received Siming District, Xiamen City Government allocated 32 million yuan of subsidy payments.
According to the previous announcement, the Xiamen Municipal Government and the Siming District People's Government of Xiamen City encourage and support the development of the optoelectronic industry, and refer to the support policy of the Xiamen Torch Park to subsidize the import of MOCVD equipment by the enterprises under the jurisdiction of Xiamen Sanan Optoelectronics Technology Co., Ltd. The MOCVD equipment purchased is subsidized. This time, 40 of the four-chamber Siamese machines were subsidized.
Sanan Optoelectronics stated that the company received the subsidy for the relevant production equipment from the Siming District Government of Xiamen City, which was recognized as deferred income when it was received, and was evenly distributed to profit or loss within the useful life of the relevant assets.
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