Hongli Zhihui Group Co., Ltd. (hereinafter referred to as "the company") announced on the 23rd that the company's subsidiary Jiangxi Hongli Photoelectric Co., Ltd. recently received a corporate support fund of RMB 9,936,800 from the Nanchang Linkong Economic Zone Finance Bureau. Renminbi.

The above funds accounted for 7.19% of the company's 2016 net profit attributable to shareholders of the listed company. According to the relevant provisions of the “Accounting Standards for Business Enterprises No. 16 – Government Subsidy”, the supporting funds will be included in the current profit and loss and will be recognized as non-operating income in the second quarter of 2017.

The subsidy fund will have a positive impact on the company's 2017 net profit.


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