---
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

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