Double happiness for Hongli Optoelectronics: 4 million supplements, packaged products passed LM-80 test

Hongli Optoelectronics announced on the evening of September 29 that according to the "Notice on Applying for the 2014 Electronic Information Industry Development Fund Project" issued by the Ministry of Industry and Information Technology, the company submitted a feasibility study report on the "R&D and Industrialization of New LED Devices for Lighting" project. The project is expected to have a total investment of 20 million yuan, of which the enterprise will raise 16 million yuan by itself and apply for a subsidy of 4 million yuan from the Electronic Information Industry Development Fund. Recently, the company received 4 million yuan from the Electronic Information Industry Development Fund issued by the Ministry of Finance.

The company stated that the above funds accounted for 6.28% of the company's audited net profit in 2013. The company will include it in deferred income in accordance with the relevant provisions of the Accounting Standards for Business Enterprises. It is expected that this government subsidy will have a certain impact on the company's net profit in 2014 and subsequent years.

In addition, Hongli Optoelectronics' EMC3030 recently passed the third-party IESNA LM-80 6000-hour test approved by the U.S. Environmental Protection Agency. The company can now provide LM80 test data as needed. LM-80 is the lumen maintenance test standard for LED packaging. LED packaging products are tested for 6,000 hours of lighting at a specific temperature.