Huacan Optoelectronics received 6 million subsidies from domestic MOCVD equipment
Huacan Optoelectronics announced on the afternoon of November 12th that the company has applied for the “Using Domestic MOCVD Equipment Development/Industrial Ultra-High Brightness LED†project according to the “2013 Electronic Information Industry Development Fund Project Guide†of the Ministry of Industry and Information Technology, and has recently received the National Ministry of Industry and Information Technology. The project was approved to receive a subsidy of 6 million yuan, which is dedicated to the purchase of equipment or materials required for the project. The money has now arrived.
Since the company has not received written approval from the Ministry of Industry and Information Technology, and the project will be implemented by Zhonghao Optoelectronic Equipment (Shanghai) Co., Ltd., if necessary, both parties will need to further confirm the allocation of the use of subsidies according to the specific content of the approval. The specific accounting treatment of the payment is subject to the company's approval of the government approval and agreement with the matching unit for accurate disclosure.
Since the company has not received written approval from the Ministry of Industry and Information Technology, and the project will be implemented by Zhonghao Optoelectronic Equipment (Shanghai) Co., Ltd., if necessary, both parties will need to further confirm the allocation of the use of subsidies according to the specific content of the approval. The specific accounting treatment of the payment is subject to the company's approval of the government approval and agreement with the matching unit for accurate disclosure.
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