Aoyang Shunchang received 12 million yuan MOCVD equipment subsidy funds

On September 18, Aoyang Shunchang announced that Huai'an Aoyang Shunchang Optoelectronic Technology Co., Ltd., a wholly-owned subsidiary of the company, received a subsidy of 12 million yuan from MOCVD equipment from the Qinghe District People's Government of Huai'an City.

Aoyang Shunchang said that according to the "Accounting Standards for Business Enterprises", the above subsidy will be included in the deferred income when it is received, and then evenly distributed over the useful life of the asset from the time when the relevant asset is available for use. Income from non-operating activities. 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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