Recently, Visionox (hereinafter referred to as “the company”) announced that its holding company Sun Guoguang received the subsidy for the second quarter of 2018 of the Kunshan Development Zone Management Committee, and the latter agreed to give Guoxian Optoelectronics the second quarter. Cost subsidies and new product sales incentive subsidies totaled RMB 235 million. The above government subsidies are related to the daily business activities of the company and are of certain sustainability.
Visionox said that the above-mentioned government subsidies are expected to increase the total profit of listed companies in 2018 by RMB 12,488.3 million. The final result is based on the audit results of the accounting firm.
Visionox is the first OLED product supplier in mainland China. In May this year, Visionox launched the sixth-generation full-flex AMOLED production line in Hebei, which is the first fully flexible AMOLED production line in China.
