ZTE receives 300 million subsidy

ZTE received 300 million subsidy in the evening of January 8, ZTE (000063.SZ) announced that recently, the company learned from the relevant departments, the state will be the company and holding subsidiaries of a number of special projects to provide no more than 301.21 million yuan.　　However, ZTE related officials told reporters that because of the restrictions on exchange information disclosure requirements, can not be detailed in the announcement of the company specific projects to obtain the above government subsidies.　　According to the company notice, the above government subsidy in 2009 according to the actual progress of the project to be allocated no more than 82.66 million yuan, the remaining amount will be disbursed in the next year. At the same time, the company said, will be based on the project properties and progress of the corresponding accounting treatment.　　According to accounting standards, the government-subsidized accounting treatment of asset-related and income-related two different ways, 2009 years ago three quarters, the company has included in the current profit and loss of the government subsidy of 34.62 million yuan. The 300 million-dollar government subsidy is not a small number, but it may seem less important for ZTE's 2009-year performance.　　Earnings showed that the company achieved net profit of 1.192 billion yuan in the three quarter of 2009 years ago.　　Bohai Securities analyst Zhangxiaoguang that the company 2009 annual net profit may reach 2 billion yuan.　　Good performance growth has underpinned ZTE's share price, even as it continued to rise steadily in the recent market adjustments. "This has to do with the recent 3G concept stocks overall trend is good also related." "Zhangxiaoguang thinks.