Aoyang Shunchang subsidiary received government subsidies of 9 million yuan for MOCVD equipment
On June 25, Jiangsu Aoyang Shunchang announced that on June 21, Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., a wholly-owned subsidiary of the company, received 9 million MOCVD equipment subsidies from the Qinghe District People's Government of Huai'an City. Yuan Renminbi, the subsidy was paid according to the “Response to Huai’an Aoyang Shunchang Optoelectronic Technology Co., Ltd. Equipment Subsidy†by the Qinghe District People’s Government of Huai’an City.
According to the announcement, according to the “Accounting Standards for Business Enterprisesâ€, the above subsidy is a government subsidy related to the assets, which will be included in the deferred income when it is received, and then the useful life of the asset will be available from the time when the relevant assets are available for use. The average share is included in the non-operating income. According to the company's accounting policy, the depreciation period of machinery and equipment is ten years, and the subsidy will be credited to profit or loss within ten years from the official use of the corresponding MOCVD equipment.
According to the announcement, according to the “Accounting Standards for Business Enterprisesâ€, the above subsidy is a government subsidy related to the assets, which will be included in the deferred income when it is received, and then the useful life of the asset will be available from the time when the relevant assets are available for use. The average share is included in the non-operating income. According to the company's accounting policy, the depreciation period of machinery and equipment is ten years, and the subsidy will be credited to profit or loss within ten years from the official use of the corresponding MOCVD equipment.
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