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On January 20, Moso Power (002660) announced that it had submitted an application for a government subsidy related to the “Efficient Constant Current Intelligent LED Driver Power Supply Industrialization†project to the Shenzhen Development and Reform Commission. Recently, the company received official approval from the Shenzhen City Development and Reform Committee, with the approval number Shenzheng [2018] No. 73. The approved subsidy amount totals RMB 2.03 million.
Under the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy," government subsidies are categorized into two main types: those related to assets and those related to income. Subsidies associated with assets are provided to enterprises for the purpose of purchasing or constructing long-term assets, while those related to income refer to all other forms of government grants. These subsidies are typically disbursed directly to the enterprise, and the company is required to account for them by offsetting the relevant financial expenses.
In this case, the government subsidy received by Moso Power was specifically allocated as a loan interest subsidy for the “High-Efficiency Constant Current Intelligent LED Drive Power Industrialization†project. This subsidy helps reduce the company’s current financial expenses and is classified as a government grant related to income. Such support plays a crucial role in enhancing the company’s financial stability and promoting the development of its innovative LED technology.
The funding will be used to support research, development, and commercialization efforts for the project, which aligns with the broader goals of improving energy efficiency and advancing smart lighting solutions. As the demand for sustainable and intelligent power systems continues to grow, this project positions Moso Power as a key player in the evolving LED industry.
With this latest financial support, the company is well-equipped to accelerate its technological advancements and maintain a competitive edge in the market. It also highlights the importance of government collaboration in fostering innovation and driving economic growth in the high-tech sector.
September 22, 2025