Sanan Optoelectronics Co., Ltd. received a special subsidy of 30.80 million yuan

Sanxin Optoelectronics Holding Co., Ltd. (hereinafter referred to as "RiCin Photovoltaic") received the special subsidy for the application and research and development of solar fiber chips in Huainan High-tech Industrial Development Zone on September 30, 2012. According to the contents of the document, Rixin Photovoltaic received a special financial subsidy of RMB 30.8 million for the company's chip and R&D subsidies.

The company received the payment on October 18, 2012. According to the relevant provisions of the Accounting Standards for Business Enterprises, the above amount is recognized as deferred income when it is received, and is amortized in profit or loss within the benefit period of the project.

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