On the evening of February 6, Huacan Optoelectronics (300323) announced that its wholly-owned subsidiary Huacan Optoelectronics (Zhejiang) Co., Ltd. recently received the management committee of Yiwu Information Optoelectronics High-tech Industrial Park "about the allocation of Huacan Optoelectronics (Zhejiang) The "First Notice of Equipment Subsidy" (Yi Gaoxin [2018] No. 10) file agreed to allocate the first batch of equipment subsidy funds of Huacan Optoelectronics (Zhejiang) Co., Ltd. to RMB 173,880,500. It is a government subsidy related to assets, and the company recognizes this subsidy as deferred income upon receipt.
At present, the company has received 73.85 million yuan. The above government subsidies are not related to the company's daily business activities and are not sustainable.
In addition, the above-mentioned equipment subsidy of RMB 1010,000 has not been received yet. When the equipment subsidy that has not been received is received, there is certain uncertainty. The company will disclose the subsequent progress or changes of the above-mentioned government subsidies according to relevant requirements.
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