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Sanxiong Aurora wholly-owned subsidiary received a government subsidy of 14.84 million yuan
On April 18, Guangdong Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as the company) announced that the company's wholly-owned subsidiary Chongqing Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as Chongqing Sanxiong) received the Chongqing Wanzhou economy on April 16, 2018. The Finance Bureau of the Technology Development Zone is based on the announcement of the “Fangzhou Economic and Technological Development Zone Party Working Committee Management Committee on 15th April 2016, Guangdong Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as the company), the company’s wholly-owned subsidiary Chongqing Sanxiong Aurora Lighting Co., Ltd. (hereinafter referred to as Chongqing Sanxiong) received the Minutes of the 15th Joint Office Meeting of the Wanzhou Economic and Technological Development Zone Management Committee of the Party Committee of Wanzhou Economic and Technological Development Zone on April 16, 2018. The 2018 production support fund allocated by the Supplementary Agreement for the Sanxiong Aurora Wanzhou Base Project is RMB 14.84 million. The form of subsidy is cash subsidy, which is a government subsidy related to income, which is recognized as current income upon receipt. Sanxiong Aurora said that the government subsidies received this time are expected to increase the company's total profit for the year of RMB 14.84 million, which will have a positive impact on the company's 2018 operating results.