The Kibayashi Moriko company received government subsidies 1.27 billion yuan

Today morning, Linsen (hereinafter referred to as "the company") announced that the company's wholly-owned subsidiary of Jiangxi Linsen Lighting Co. Ltd. (hereinafter referred to as "Jiangxi Woodlans") to obtain government subsidies 127 million 220 thousand and 600 yuan, transfer of funds in March 29, 2018 has been to Jiangxi Woodlans company account.

Rawlinson said, according to the relevant provisions, the government grants related to assets, refers to government subsidies to purchase or forming the long-term assets by other ways for enterprises to obtain; the government grants related to income refers to government subsidies in addition to government grants related to assets. The government grants the company obtained is not used for the purchase or forming the long-term assets by other ways, so the government grants related to income

In addition, the government grants received, is expected to increase the company's profit of 127 million 220 thousand and 600 yuan.

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