On the evening of the 8th, Shenzhen Ruifeng Optoelectronics Co., Ltd. issued an announcement stating that according to the Shenzhen Development and Reform Commission [2014] No. 555 jointly issued by the Shenzhen Municipal Development and Reform Commission, Shenzhen Municipal Economic, Trade and Information Technology Commission, Shenzhen Municipal Science and Technology Innovation Commission, and Shenzhen Municipal Finance Commission, "Notice of the First Batch Support Plan of Shenzhen's Special Fund for the Development of Strategic Emerging Industries in 2014", Shenzhen Ruifeng Optoelectronics Co., Ltd. (hereinafter referred to as the "Company") received a subsidy of 5 million yuan for its new packaged high-efficiency LED light source device industrialization project.
The above funds have been allocated to the company's special fund account recently. According to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidies", the company will include this amount in deferred income as required, and will have a certain positive impact on the company's profit and loss for the year. The specific accounting treatment will be subject to the final results after the annual audit and confirmation by the audit agency.
ANNA