2013-07-22

Honglitronic Obtains Special Subsidies of 4 Million Yuan from Government

Honglitronic releases announcement on this noon that its "new surface mount LED construction project" was included in the 2012 Guangzhou new-generation information technology demonstration projects with development special subsidies, and it recently received the development special funds of 4 million. The company said that the special funds take up 7.94% of its annual audited net profit of 2012. Honglitronic will count the special subsidies towards deferred income in accordance with the relevant provisions included in "Enterprise Accounting Standards". It is...
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