Trade Resources Industry Views Government Subsidizes Yankon for The 2012 High-Power Lighting Product

Government Subsidizes Yankon for The 2012 High-Power Lighting Product

Yankon announced the company has finally received cleared funds for the 2012 high-power lighting product promotion subsidy from the government totaling RMB $122 million (US $20 million).

The company states that the aforementioned subsidy will be considered as non-operation income and be included in the company's recent profits and losses. It is not expected to influence 2013 year net profits.

Source: http://www.ledinside.com/node/18860
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Yankon Recieves Government Subsidy for High-Power Lighting
Topics: Lighting