Song Wah Cable receives 256 million yuan subsidy

For song Hua Cable (600037. SH), the start of 2011 is a mixed blessing.　　The company received a financial subsidy of 256 million yuan, but also "ushered in" the resignation of the deputy general manager. Grant increased profits 73 million Yuan song China Cable today announced that, as of December 31, 2010, the company received the financial 2010 Digital TV set-top box grant 256 million yuan, is expected to increase the total profit of 2010 years 5.1 million yuan.　　In addition, the company has received Beijing Municipal Finance special for High-definition Interactive digital TV set-top box subsidy funds 546 million yuan.　　The company said that the municipal and county level two financial subsidies, the company recorded the money in the "deferred income" subject, in accordance with the high definition of interactive set-top box service life of 5 years to amortize, is expected to increase the cumulative 2010 annual profit of 73 million yuan. On the evening of December 30, the National Development Bank proposed to provide the company with a credit limit of 1.5 billion yuan.　　The company and the National Development Bank hope to strengthen cooperation in the fields of capital, management and financial innovation in a long-term and stable development finance concept, and establish a new strategic partnership, said China cable. Clearly, good government relations have given the singer-wah cable a lot of support. And the two-tier market, the song China Cable has also won the favor of many institutional investors. Last year, the three quarterly bulletin showed that the top ten circulating shares of the list of various roles in all the listed, public offering funds, insurance companies, brokerages are involved.　　Huaxia Fund's two funds are listed in the list, and are all three quarters of new entry, Xinhua life and the Chinese longevity also held 12.0249 million shares and 8.9391 million shares respectively. It is noteworthy that, despite the popularity of many institutions, but the price of song Hua cable in the recent 2010 years of the end of the four Seasons is miserable.　　"The first financial daily," a careful review of transactions found that since the third quarter of last year to close in Friday, the shares still fell 9.68%.　　Vice President announces resignation if the above-obtained financial aid is good news for the ailing Chinese cable, then another announcement today may be somewhat unsatisfactory. The company recently received a written resignation report from deputy general manager is Liu Hua, and the reason for resigning was personal, according to China's cable bulletin. Data show that is Liu Hua has been the Communist Party of Beijing Municipal propaganda department at the grassroots level of the Deputy Department of Research staff, Beijing Cable television station, deputy director of the General Department of the Board of Directors. Is Liu Hua was appointed assistant to the general manager of the company in 2003.　　According to this calculation, is Liu Hua is a song-Hua cable of the elder figures.　　Meanwhile, song Hua Cable also said today, the company participated in the launch of the establishment of China Film Co., Ltd., registered capital of 1.4 billion yuan, of which the company invested 21.3079 million yuan, accounting for the new company registered capital of 1%. The song Hua Wired on Friday to collect 12.50 yuan per share, Rose 1.21%.