Up to now, at least 928 million government subsidies from Sanan Optoelectronics have not been included in profit or loss.

[High-tech LED News] Sanan Optoelectronics (600703) released the first half of the financial report recently, showing operating income of 719 million yuan in the first half of this year, an increase of 97%; net profit of 459 million yuan, an increase of 127.20%.

The industry pointed out that Sanan Optoelectronics' high growth momentum still comes from the huge subsidies paid by local governments for the purchase of MOCVD equipment.

Sanan Optoelectronics' net profit for the year of 2010 was 420 million yuan, including government subsidies of 253 million yuan; and the net profit of the first quarter of this year was 165 million yuan, but the amount of government subsidies included in the current profit and loss was 130 million yuan. The proportion of net profit rose from 60% to 80%.

The annual report of Sanan Optoelectronics in the first half of 2011 showed that the company's net profit for the first half of the year was only 459 million yuan, but the company confirmed a total of 583 million yuan of government subsidies in the first half of this year.

According to the government subsidies announced by Sanan Optoelectronics according to the statistics of the Institute of Advanced Industry (GLII), the government received various government financial subsidies of more than 720 million yuan in 2010; the subsidies announced since 2011 have been 1.044 billion yuan. .

Deducted the 253 million government subsidies disclosed in last year's annual report and the 583 million yuan confirmed in this interim report. At present, the company still has at least 928 million yuan of government subsidies not included in the profit and loss.