On July 14, Op Lighting announced that from August 3, 2017 to the date of this announcement, the company and its holding subsidiaries have received a total of RMB 85,030,479.07 in government grants related to income for 12 consecutive months.
The announcement shows that Op Lighting and its subsidiaries have received 11 government grants in 12 consecutive months, in the form of subsidies, patent awards, special funds and others.
Op Lighting said that the above government subsidies are government subsidies related to income. According to the relevant provisions of the "Accounting Standards for Business Enterprises No. 16 - Government Subsidy", government subsidies related to the daily activities of enterprises should be included in other income according to the essence of economic business. Or offset the related costs. Government grants not related to the daily activities of the enterprise shall be included in the non-operating income and expenditure.
As of the announcement date, the amount of government subsidies received by the company for 12 consecutive months must be included in the current year's profit and loss of RMB 8.3314 million, and the amount of current profit and loss to be included in 2018 is RMB 76,699,100.
In 2014, Op Lighting switched from traditional lighting to LED lighting, and began to gradually expand the category from standardized ceiling lamps and light sources to stylized decorative lamps. For a long time, Oupu has built a vision of “building a global lighting enterprise, establishing a lighting leader brand and becoming the most respected enterprise in Chinaâ€. After more than 20 years of intensive work, it gradually builds on brands, channels, R&D technology, production operations, talents and management. And other aspects have established a core competitive advantage.
Among the above-mentioned subsidy categories of Op Lighting, there are a number of patent incentives, patent grants and technology development grants, which can be seen in the huge investment in the development of R&D and the development of scientific and technological strength. In 2017, the company's research and development expenses accounted for about 3.2% of the total revenue, and the amount exceeded 200 million yuan. It has more than 1,600 patented technologies and is in the leading position in the industry.
At the same time, the company attaches great importance to research in the field of intelligent lighting and health spectroscopy. At present, it has cooperated with Huawei, Tencent and other platforms to realize the interconnection of lighting products and household products, enabling users to realize the consumption experience from single lamp control to whole house smart home; spectral research for consumer demand. According to different physiological, psychological and lighting use scenarios of children, adults and the elderly, the spectrum of the light source is upgraded, and the lighting that meets its needs is designed to provide the best light color effect and color rendering experience to consumers.
Opto Lighting is driven by technological innovation, adheres to the "people-oriented" design concept, increases investment in lighting applications centered on healthy lighting, and uses the Internet of Things technology and artificial intelligence as a means to create the Opto Smart Lighting Ecosphere. Paying attention to the development of technological innovation is one of the key factors for the success of Op Lighting in the industry, and the allocation of government subsidies will make Op's future development even more powerful.
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