Tianlong Optoelectronics: MOCVD project received 15 million yuan this year, 8 million
On June 21, 2012, Jiangsu Zhonghao Semiconductor Equipment Co., Ltd., a subsidiary of Tianlong Optoelectronics Co., Ltd., reported to the Jiangsu Provincial Department of Science and Technology that “National Large-scale LED MOCVD (Metal Organic Chemical Vapor Deposition) Equipment R&D and Industrialization Project†became 2012. The project for the major bidding for special funds for the transformation of scientific and technological achievements in Jiangsu Province was proposed, and was publicized from June 21 to June 28, 2012.
On October 15, 2012, Jiangsu Zhonghao received the special issue of the 12th batch of provincial-level scientific and technological innovation and transformation of achievements (transformation of major scientific and technological achievements) issued by Jintan Finance Bureau and Jintan Science and Technology Bureau. Notice of Guided Funds, Notice: The Jiangsu Provincial Science and Technology Department has a total funding of 15 million yuan, including 12 million yuan for subsidies, 3 million yuan for discounts, and 8 million yuan for this year.
Jiangsu Zhonghao also received the above 8 million yuan grant on October 16, 2012. It is expected that the relevant departments will accept the implementation of the project of Jiangsu Zhongyu in 2013, so according to the relevant provisions of the “Accounting Standards for Business Enterprises†Government grants will be recognized as deferred revenue and are not expected to have a significant impact on the company's 2012 earnings.
In addition, Tianlong Optoelectronics released the results of the first three quarters of 2012, as shown in the following table:
The company's performance in January-September 2012 was a loss. It is estimated that the impact of non-recurring gains and losses on net profit from January to September is 1.33 million yuan. The impact of non-recurring gains and losses on net profit for the same period last year was -34.63 million. . The reason is that since the second half of last year, the photovoltaic industry has been affected by overseas policies and short-term surplus of the industry. The company's new orders have dropped sharply, resulting in a significant decrease in the company's main business sales compared with the same period last year.
On October 15, 2012, Jiangsu Zhonghao received the special issue of the 12th batch of provincial-level scientific and technological innovation and transformation of achievements (transformation of major scientific and technological achievements) issued by Jintan Finance Bureau and Jintan Science and Technology Bureau. Notice of Guided Funds, Notice: The Jiangsu Provincial Science and Technology Department has a total funding of 15 million yuan, including 12 million yuan for subsidies, 3 million yuan for discounts, and 8 million yuan for this year.
Jiangsu Zhonghao also received the above 8 million yuan grant on October 16, 2012. It is expected that the relevant departments will accept the implementation of the project of Jiangsu Zhongyu in 2013, so according to the relevant provisions of the “Accounting Standards for Business Enterprises†Government grants will be recognized as deferred revenue and are not expected to have a significant impact on the company's 2012 earnings.
In addition, Tianlong Optoelectronics released the results of the first three quarters of 2012, as shown in the following table:
The company's performance in January-September 2012 was a loss. It is estimated that the impact of non-recurring gains and losses on net profit from January to September is 1.33 million yuan. The impact of non-recurring gains and losses on net profit for the same period last year was -34.63 million. . The reason is that since the second half of last year, the photovoltaic industry has been affected by overseas policies and short-term surplus of the industry. The company's new orders have dropped sharply, resulting in a significant decrease in the company's main business sales compared with the same period last year.
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