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According to statistics from the reporters, the total government subsidies received by the 12 listed enterprises in the first three quarters of this year were 38.54 million yuan, a decrease of 13.33 million yuan compared with the same period of last year. Of the 12 listed companies, two were flat, four increased, and six fell. Among them, Yinhao Technology has increased by more than 3 million, and Qinshang Optoelectronics has reduced by more than 9 million.
Qinshang photoelectric government subsidies dropped 80%
Qinshang Optoelectronics' revenue in the first three quarters was 802 million yuan, up 35.31% over the same period of the previous year. The net profit attributable to shareholders of listed companies was 88 million yuan (basic earnings per share was 0.23 yuan), but it was down 4.73% from the same period of the previous year. The net increase in revenue and revenue was related to the reduction in government subsidies received by Qinshang Optoelectronics.
In the first three quarters of this year, Qinshang Optoelectronics recorded a government subsidy of RMB 2.4345 million for the current profit and loss, while the subsidy for the same period last year was RMB 11.6855 million, a decrease of 79% compared with the same period last year. Since Qinshang Optoelectronics was listed in 2011, the government subsidies included in the current profit and loss were 26.96 million yuan in 2011 and 18.1 million yuan in 2012, down year after year.
Qinshang Optoelectronics previously responded that government subsidies are often the strongest in the early stages of industrial and technological development, and the amount and scope of subsidies will also decrease as the industry matures. The amount of government subsidies this year has decreased sharply compared to previous years. This is because the LED lighting application market has matured and is fully market-oriented. It believes that the reduction of subsidies and support funds is a reasonable phenomenon.
Dongguan has a generous plan to support the listing of enterprises. After the listing, the subsidies will be reduced. Once the enterprises are listed, the subsidies will gradually decrease. The enterprises such as Mingjia Technology and Yi'an Technology will also reduce the subsidies after listing. Even Mingjia Technology once appeared to rely on government subsidies to maintain profit growth.
Government subsidies in the LED industry have also become a common phenomenon in the industry. Statistics show that the government subsidies received by the LED industry in the first half of this year were only 40% of the two years ago. Another voice believes that the reason why Qinshang Optoelectronics was able to obtain high subsidies before is not simple. The reason for the sharp decline is that it can affect the problems of resource allocation people.
Four companies subsidized
According to the statistics of the reporters, the enterprises that have received subsidy construction like Qinshang Optoelectronics include the five companies of Shengyi Technology, Soyu Special, Xinghe Biological, Zhongsheng Pharmaceutical, and Yi'an Technology. The government subsidies received by Shengyi Technology in the first three quarters of this year dropped by about 4 million yuan, but it still became the listed company with the largest government subsidy in Dongguan with 8.789 million. In addition, the subsidy for the search was less than 160,000 yuan, the number of Xinghe creatures was less than 1 million yuan, that of Zhongsheng Pharmaceutical was less than 300,000 yuan, and that of Yi'an Technology was about 4 million yuan.
There were also four government subsidies increased, including Jinlong shares increased by more than 200,000 yuan, Jinsheng shares increased by about 1.3 million yuan, and Mingjia Technology also increased by more than 1.1 million yuan. Jubilee Technology increased the most, adding more than 3 million yuan. Jubilee Technology analyzed in the financial report that the various government subsidies enjoyed by the company are mainly the project grants and bonuses given by the government according to the relevant policies according to the company's new product research and development and market development. This year, Jubilee Technology has spent a lot of effort on research and development, and the subsidies received have increased accordingly. It is reported that from January to September 2012, the company's management expenses increased by 48.08% compared with the same period of last year, mainly because the company increased its investment in product research and development.
Nandu reporter learned that the government subsidies of listed companies are divided into government subsidies related to assets and government subsidies related to income. In recent years, Dongguan has introduced a number of subsidy policies, such as technology Dongguan, special funds for transformation and upgrading, etc. There are more specific projects, such as technological innovation, export subsidies, patent subsidies, fiscal interest subsidies, special funds for transformation and upgrading of processing trade, tax incentives, and science project funding. The amount of subsidy is related to the business situation of the company, and it is also related to the efforts made by the company in the direction of the government guidance, such as how much the transformation and upgrading pay.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.) 
As of October 30, all 12 listed companies in Dongguan have released their first three quarters of performance reports. Recently, the sharp decline in government subsidies obtained by Qinshang Optoelectronics has drawn attention from the outside world. Is it common for Dongguan to receive government subsidies?
April 02, 2020