Recently, BOE announced that its subsidiary Hefei BOE Optoelectronics Technology and Beijing BOE Display Technology have received a discount of 150 million yuan from the Hefei Municipal Government and a loan interest subsidy of 73.63 million yuan from the Beijing Economic and Information Commission. It will be included in its 2011 earnings. Antenna For Automotive Product,Magnetic Antenna Coil Element,Antenna Impedance Matching Transformer,Transmitting And Receiving Antenna IHUA INDUSTRIES CO.,LTD. , https://www.ihua-magnetics.com
In addition, the BOE 6th generation line of Beijing, the 8th generation line of Beijing and the 8.5th generation line of Huaxing Optoelectronics have recently received the tax on the purchase of equipment purchased from the Ministry of Finance and the State Administration of Taxation. According to the announcement, TCL Group December 29, 2011 and the end of November 2011, it acquired tax credit has reached 662 million yuan, while the BOE in late November announcement also shows that tax credit to the end of October reached 1.393 billion yuan received .
BOE said that its total loan in the field of LCD panels exceeds 20 billion yuan, and annual financial expenses such as interest are as high as one billion yuan. Obviously, such support from the government is of great significance for reducing debt ratio and reducing financial expenses.
Subsidies for BOE and Huaxing power available, interest payments on loans and tax rebates, the industry said that for capital and technology-intensive enterprises, state authorities and local governments for the purpose of industrial upgrading to provide financial and policy support is normal, After all, these industries are still in a period of recession compared to companies in South Korea and Taiwan. 