Recently Aoto Electronics(002587) has announced that the company has received RMB 2.1 million government subsidies for three R&D projects, including video advertising displayed system, stadium LED editing & broadcasting software system and online energy-saving LED advertising displayed system in line with related regulations of Management Measures on Shenzhen Cultural and Creative Industry Development Special Funds and the Special Funds’ second series supporting scheme in 2012.
These subsidies have been transferred into company’s capital account. Plus the previous RMB 1,923,297.00 yuan, Aoto Electronics and its subsidiaries have received RMB 4,023,297.00 yuan government subsidies in total by 31th December, 2012, which takes up 11.99% of RMB 33,564,802.96 yuan net profit margin belonging to its IPO companies’ shareholders in 2011.