[High-tech LED News] Xiamen Ganzhao Optoelectronics (300102) recently announced that the company has received a total of 1.44 million yuan from the Ministry of Finance to participate in the "863 Program" national high-tech research projects. This amount will be earmarked for "No Phosphor LED Epitaxial Growth Technology Research (2011AA03A112)".
The announcement said that the subsidy received this time is related to the income. The company will confirm the above government support funds as deferred income according to the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy" and will be based on the period of ownership of the project. Spreading profit or loss will not have a significant impact on the company's current profit and loss.
The announcement said that the subsidy received this time is related to the income. The company will confirm the above government support funds as deferred income according to the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy" and will be based on the period of ownership of the project. Spreading profit or loss will not have a significant impact on the company's current profit and loss.
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