Nanda Optoelectronics received government subsidies of 19.05 million yuan

Nanda Optoelectronics announced that the company is responsible for the project of “high-purity arsenic, arsenic and other special gases research and development and pilot test” as a national responsibility project for “significant-scale integrated circuit manufacturing equipment and complete sets of technology”. Recently, it received 14.24 million yuan for the project and 4.81 million yuan for Jiangsu Province.

In 2012, the company achieved a net profit of 90.19 million yuan. The subsidy received this time was 19.05 million yuan, accounting for 21.12% of the 2012 net profit. The company stated that the subsidy funds will be included in the “Deferred Income” subject, and the government subsidies related to the assets and the government subsidies related to the income will be classified according to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 - Government Subsidy”. The result of the annual audit confirmation by the certified public accountant shall prevail.

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