China Electronics Co., Ltd. won 52 million 990 thousand government subsidies

HC semitek November 11th evening announcement, a wholly owned subsidiary of HC semitek (Suzhou) Co., Ltd. received the Zhangjiagang economic and Technological Development Zone Management Committee "on the given HC semitek on November 4th (Suzhou) limited approval" industrial core equipment purchase subsidy documents, agreed to finance the HC semitek (Suzhou) Co., Ltd. the third quarter of 2014 the core equipment purchase subsidies 52 million 990 thousand yuan. The money has been credited to the account in November 10, 2014.

Hua Yue photoelectric said, according to the relevant provisions of the New Accounting Standards No. sixteenth - government grants, the subsidiary of the subsidy will be recognized as deferred income, the average depreciation of assets within the relevant period included in profit or loss. The subsidy has little effect on the performance in 2014, the specific accounting treatment to the results of the annual audit of Certified Public Accountants prevail.

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