"G20-LED Summit member company" Ruifeng Optoelectronics announced on the evening of December 30, the company's subsidiary Shanghai Ruifeng Optoelectronics Co., Ltd. received the first batch of strategic emerging industry project subsidies in the Lingang area totaling 38.25 million yuan, and in December On the 27th, the first subsidy fund was 15.3 million yuan.
According to the announcement, Shanghai Ruifeng recently received the “Reply on the Application Report for the First Batch of Strategic Emerging Industry Projects†issued by the Shanghai Lingang Development and Construction Management Committee (Shanghai Municipal Committee of Management [2013] 150 No.), its high-end LED light source development project received a total of 38.25 million yuan of subsidies for the first batch of strategic emerging industry projects in Lingang District, and received the first grant of 15.3 million yuan on December 27.
Ruifeng Optoelectronics said that the above subsidy companies are reflected in the “Deferred Income†subject and amortized according to the project benefit period within a certain number of years, which has some impact on the company's 2013 profit.
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