---
title: "FACS: Received a government subsidy of 5 million yuan"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/222906736.md"
description: "FACS announced that its wholly-owned subsidiary, Shanghai Chenlan Optoelectronic Devices Co., Ltd., received a government subsidy of 5 million yuan on November 26, 2024. This subsidy is related to revenue and accounts for 13.21% of the company's most recent audited net profit attributable to shareholders of the listed company. The company will recognize this government subsidy in the current profit and loss for the year 2024, which will have a positive impact on the profit for 2024. The specific accounting treatment and the impact on annual profit and loss will be subject to the results confirmed by the auditing agency"
datetime: "2024-12-20T09:19:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/222906736.md)
  - [en](https://longbridge.com/en/news/222906736.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/222906736.md)
generator: "portal-rs"
---

# FACS: Received a government subsidy of 5 million yuan

FACS announced that its wholly-owned subsidiary, Shanghai Chenlan Optoelectronic Devices Co., Ltd., received a government subsidy of 5 million yuan on November 26, 2024. This subsidy is related to revenue and accounts for 13.21% of the company's most recent audited net profit attributable to shareholders of the listed company. The company will recognize this government subsidy in the current profit and loss for the year 2024, which will have a positive impact on the profit for 2024. The specific accounting treatment and the impact on the annual profit and loss will be subject to the results confirmed by the auditing agency

### Related Stocks

- [600651.CN](https://longbridge.com/en/quote/600651.CN.md)

## Related News & Research

- [Ships adopt makeshift anti-drone defences as Black Sea attacks intensify](https://longbridge.com/en/news/297784645.md)
- [11:06 ETDeepdub Launches Phantom Z 3.4 Conversational: Multilingual Text-to-Speech Built to Survive Real Customers, Not Just Demos](https://longbridge.com/en/news/297933762.md)
- [10:30 ETScientific Games' New Scratch Connect Product Sees 40% of Ohio Players Click to Engage Again After Online Play](https://longbridge.com/en/news/297929881.md)
- [08:41 ETAmericas Cardroom Launches Free Final Table Replayer with Hole Cards Revealed](https://longbridge.com/en/news/297916082.md)
- [Enormous 12TB Steam leak includes abandoned Half-Life 2: Episode 3 assets](https://longbridge.com/en/news/297434223.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**