The company stated that the above funds accounted for 6.28% of the company’s audited net profit in 2013. The company will include it in deferred income in accordance with the relevant provisions of the Accounting Standards for Business Enterprises. It is expected that this government subsidy will have a certain impact on the company's net profit in 2014 and subsequent years.
In addition, Hongli Optoelectronics EMC3030 recently passed the third-party IESNA LM-80 6000-hour test approved by the US Environmental Protection Agency. The company can now provide LM80 test data as needed. LM-80 is the lumen maintenance test standard for LED packaging. LED packaging products are tested for 6,000 hours of lighting at a specific temperature.
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