Sanan Optoelectronics (600703), which invests in led projects in Wuhu City, has continuously received subsidy red packets from the Wuhu Municipal Government.
Sanan Optoelectronics announced today that the company had disclosed that its wholly-owned subsidiary Anhui Sanan Optoelectronics Co., Ltd. purchased 50 LED main production equipment MOCVD (to date, a total of 90 MOCVD production equipment). At present, the company has paid 16 of the equipment deposits according to the contract. According to the relevant agreement signed with the Wuhu Municipal Government of Anhui Province, on July 2, 2010, Anhui Sanan received a subsidy of 57.6 million yuan from 16 units of equipment granted by the municipal government. In addition, based on preliminary estimates, the company expects net profit attributable to owners of the parent company to increase by more than 240% over the same period of the previous year.
Sanan Optoelectronics has not received the subsidy for Wuhu City for the first time. On April 1, 2010, Sanan Optoelectronics Co., Ltd. Anhui Sanan Optoelectronics Co., Ltd. received the documents of the Finance Bureau of Wuhu Economic and Technological Development Zone. The document stated that: in order to implement the call of the state to vigorously develop energy conservation and environmental protection industries and build a conservation-oriented society, according to the city The government accelerated the goal of cultivating high-tech emerging industrial clusters and promoted the development of the LED optoelectronic industry chain. The Anhui Sanan Optoelectronics Co., Ltd. gave 125 million yuan of “technical three†financial subsidies; on April 8, Sanan Optoelectronics announced To 10 sets of equipment subsidies of 30 million yuan; in mid-May, Sanan Optoelectronics Anhui Sanan Optoelectronics Co., Ltd. once again received 30 MOP equipment subsidies of 89.52 million yuan from the People's Government of Wuhu City, Anhui Province.
In fact, the listed companies that have been supported by the Wuhu Municipal Government in the LED project investment in Wuhu are not just Sanan Optoelectronics. In December 2009, Dehao Runda (17.20, 0.00, 0.00%) officially started the LED project in Wuhu. According to local media reports in Anhui, the directly affiliated enterprises of Wuhu City State-owned Assets Supervision and Development Commission intend to participate in the issuance of Dehao Runda.
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