Feile Audio disclosed on the evening of August 6th that according to the Notice of the Ministry of Finance on the Subsidization of Energy Saving and Emission Reduction Subsidy Fund (Twelfth Batch) for Liquidation of Efficient Lighting Products Promotion Subsidy Fund, Shanghai Yaming Lighting Co., Ltd., a wholly-owned subsidiary of the company The company recently received financial subsidies for high-efficiency lighting products and semiconductor lighting products, which were RMB 20.6 million and RMB 8.2 million, respectively, totaling RMB 28.8 million.
According to the company, the above-mentioned financial subsidy funds will have a greater impact on the company's 2015 net profit. The company's accounting treatment of the above-mentioned financial subsidy funds will ultimately be subject to the results of the annual audit confirmation.
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