On the evening of March 6, Hongli Zhihui announced that its controlling subsidiary, Jiangxi Hongli Photoelectric Co., Ltd., received a government industrial support fund of 15.1229 million yuan from the Finance Bureau of Nanchang Linkong Economic Zone on March 6, 2018. The financial assistance was provided in cash and has already been successfully transferred to the company’s account. As per accounting standards, the subsidy, which is related to income, will be recognized as revenue for the current period upon receipt.
It is important to note that this government grant is not directly tied to the company's regular business operations and is considered non-recurring. Therefore, it should not be viewed as a sustainable source of income or an indicator of long-term financial performance. The company continues to focus on its core business strategies and long-term growth initiatives.
This funding is part of broader efforts by local authorities to support key industries and promote technological innovation within the region. While the grant provides a short-term boost, the company remains committed to driving value through its operational excellence and market expansion plans.
For more information about the company’s activities and future outlook, please visit the official website or follow their latest updates.
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