Yesterday, Tcl said Tcl and its subsidiaries huaxing photoelectric received a total of 552 million yuan in the Shenzhen municipal government financial special subsidy, this is the LCD panel project received the first amount of government funding support. Publicly available data show that TCL Group received no more than 210 million yuan, to subsidize the company's early project related expenses, about 180 million yuan of subsidies have been approved, the remaining subsidies will be in the corresponding special audit after the actual amount of supplementary appropriation. It is reported that the Shenzhen government special subsidy, is a benefit-related subsidy, used to compensate the enterprise has incurred costs and losses, while huaxing photovoltaic subsidies are related to assets, confirmed as deferred income. Two subsidies will have a positive impact on the company's operating performance and cash flow.
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