Feile Audio received 72.6 million high-efficiency lighting products to promote financial subsidies

On the evening of the 18th, Feile Audio announced that Shanghai Yaming Lighting Co., Ltd. (“Yaming Company”), a wholly-owned subsidiary of the company, won the bid for “Efficient Lighting Product Promotion Project” and “2012/ in 2012” in June and August 2012. 2013 Financial Subsidy Promotion Project for Semiconductor Lighting Products.

According to the relevant notice issued by the Ministry of Finance, on January 17, 2013 and November 16, 2013, Yaming received the first batch of subsidies for the promotion of high-efficiency lighting products in 2012, and the second batch of subsidies, which were 8.48 million yuan and 6412 respectively. Ten thousand yuan, a total of 72.6 million yuan.

Among the above-mentioned financial subsidy funds, Yaming Company directly promoted the project to obtain subsidy funds of 50.69 million yuan as the receivables were recovered. From the Yaming company dealers to undertake local promotion to obtain subsidy funds of 21.91 million yuan into the non-operating income, of which 8.48 million yuan has been included in the first half of 2013 profit and loss, 13.43 million yuan is included in the current profit and loss. The financial subsidies received this time will have a greater impact on the company's 2013 net profit.

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