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Home> Blog> Hongli photoelectric LED light source project passed the inspection and acceptance increase the first three quarters of performance expectations

Hongli photoelectric LED light source project passed the inspection and acceptance increase the first three quarters of performance expectations

July 17, 2023
"G20-LED Summit" member company - Hongli Optoelectronics (300219.SZ) announced that the company's development of the flat panel display industry financial support fund project "Development of LED backlight module dedicated LED light source" has passed Guangdong Province The Economic and Information Commission accepted and received an acceptance report issued by the committee in the near future.

The announcement pointed out that after the acceptance of the inspection, there will be about 6.35 million yuan of project government funds transferred to the current income, accounting for 13.43% of the company's 2012 audited net profit. As the impact on the company's net profit for the first three quarters of 2013 was approximately RMB 6.19 million, the expected net profit margin of the parent company in the first three quarters was therefore revised upwards by 10-30% compared with the same period of the previous year, compared with the original forecast of year-on-year decline. 20-40%.

According to the announcement, the starting and ending time of the above projects is from April 2008 to June 2010. The total planned investment is 30 million yuan, of which the Guangdong Provincial Information Industry Department allocates 5 million yuan, the municipal financial support 5 million yuan, and the company self-raised funds 2000. Ten thousand yuan. During the period, the company has obtained a total of 10 million yuan of research funding from provincial and municipal finance.

The announcement further stated that the amount of deferred income from government grants that have not been apportioned is approximately RMB 3.65 million, which will be transferred to the current profit and loss according to the remaining useful life of the assets for about 6 years.
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