Silan Micro announced on May 22 that according to the Hangzhou Municipal Finance Bureau and the Hangzhou Municipal Commission of Economics and Information Technology jointly issued the "Notice on the Release of Funds for Major Innovations in Hangzhou Industrial Coordination Funds in 2013" [Hang Cai Enterprise (2013) No. 1550], Hangzhou Shilan Mingxin Technology Co., Ltd., a wholly-owned subsidiary of the company, will receive a total of 360.102 million yuan of financial aid funds, which will be included in the “Deferred Income†according to the “Accounting Standards for Business Enterprisesâ€.
The main products of Silan Micro are related products such as semiconductor and LED. The core technology is at a relatively high level in the domestic industry. At present, the shipments of power management ICs, power device products, LED chips and LED products are kept. With substantial growth, profitability has been further improved. The grant of this subsidy may have a certain impact on the company's 2014 profit.
The main products of Silan Micro are related products such as semiconductor and LED. The core technology is at a relatively high level in the domestic industry. At present, the shipments of power management ICs, power device products, LED chips and LED products are kept. With substantial growth, profitability has been further improved. The grant of this subsidy may have a certain impact on the company's 2014 profit.
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