If an industry is listed as a strategic emerging industry, this is tantamount to opening the door to government subsidies. Photovoltaic and LED companies have thus become the most easily subsidized companies in recent years, and many private companies have relied on this advantage to receive subsidies.
China's financial subsidies are mainly oriented to the adjustment of industrial structure, to the support of small and medium-sized enterprises, energy-saving and environmental protection industries and high-tech innovation industries, including the national major special supporting funds, special subsidies within the national industrial revitalization budget.
In terms of the difficulty of subsidy application, high-tech, electronic information, biomedicine, software, new energy, etc. are relatively easy to apply. If the industry is listed as a strategic emerging industry, it is tantamount to opening the door to government subsidies.
Photovoltaic and LED companies have therefore become the two most vulnerable companies to receive government subsidies in recent years.
Since the launch of the "Golden Sun Project" in 2009, the central government has allocated some funds from the special funds for renewable energy to support the industrialization and scale development of domestic photovoltaic power generation. The grid-connected photovoltaic power generation project is in principle based on the photovoltaic power generation system and its supporting transmission. 50% of the total investment in power distribution projects is subsidized, and independent photovoltaic power generation systems in remote and unpowered areas are subsidized at 70% of the total investment.
This type of subsidy is a “pre-subsidy subsidyâ€, that is, the project investor receives subsidies before the project is started. According to media reports, the threshold of the Golden Sun Project is very low. As long as the grid and roof strips can be obtained, it can be declared. After successful, a large amount of subsidy funds can be obtained.
The project ended in 2013 with a cumulative subsidy of approximately RMB 10 billion. In June 2013, the National Audit Office found that a number of companies and units obtained the subsidy by fabricating false declaration materials, and seized 260 million yuan from the central government.
According to the statistics of Southern Weekend reporters, since 2009, nine listed companies such as Sunflower, Yandian International, Hengdian East Magnetic and Linzhou Heavy Machinery have received nearly 340 million subsidies for the Golden Sun demonstration project.
The real money invested by the government in photovoltaic companies is enough to envy foreign counterparts, but it has also become the fuse of trade friction between China and the United States and the European Union. In November 2011, the EU initiated a countervailing investigation on Chinese PV products. In January 2014, the US Department of Commerce launched the second "double-reverse" survey on crystalline silicon photovoltaic products imported from China since 2011.
In fact, since 2013, few PV listed companies have received government subsidies.
In 2013, Hairun Photovoltaic received a total of 41.71 million government subsidies, and its performance forecast was still a loss. The net profit attributable to shareholders of listed companies was -130 million yuan. The amount of this subsidy is only one tenth of that in 2012.
In December 2012, the company received 206 million yuan from Jiangyin City's successful listing award, talent introduction fund subsidy and technical transformation equipment subsidy; Xu Xiake Town Government rewarded 48 million yuan; Sun demonstration project 170 million yuan; Taicang National R&D The central research funding and industrial support funds totaled 80 million yuan. Even if the government subsidy of the current profit and loss was 450 million, the operating profit still lost 530 million.
Correspondingly, the LED optoelectronic industry, also emerging as an emerging industry, is welcoming an outbreak. LED subsidies are more dazzling than photovoltaics.
In 2009, the National Development and Reform Commission issued the "Opinions on the Development of Semiconductor Lighting Energy-Saving Industry." At the same time, the energy conservation and environmental protection industry has been designated as one of the seven emerging industries in the 12th Five-Year Plan.
Looking at the announcements of listed companies in the LED industry, core electronic components, high-end general-purpose chips and basic software products, major projects, project funds, central financial funds, key industry development funds, 863 plans, science and technology innovation and results transformation special guidance funds, national high-tech LED companies have appeared in the research and development plan project funds and strategic emerging industry development funds.
These LED optoelectronic companies are expanding rapidly everywhere. Because the local investment in the construction of the factory, not only can get rich equipment subsidies, but also continue to apply for technology subsidies in the name of the subsidiary.
Taking Dehao Runda as an example, from 2010 to 2012, the wholly-owned subsidiaries Wuhu Dehao Runda, Yangzhou Dehao, Dalian Dehao, and Hao Dehao respectively received 418 million, 25.746 million subsidies such as “Technology IIIâ€. 76.6 million and 75.8 million.
Both Dehao Runda and Sanan Optoelectronics are setting up their homes in the Wuhu Economic and Technological Development Zone, which is trying to build a photovoltaic industry cluster.
Sanan Optoelectronics, which is known as the "one brother" of domestic LED chips, has received nearly 3 billion yuan of government subsidies in the past three years, which is rare in private enterprises.
Looking at the expansion route of Sanan Optoelectronics, the policy-driven intention is very obvious, because many local governments are vying for LED epitaxial chip manufacturers.
In 2009, the Yangzhou Municipal Government took the lead in launching the MOCVD subsidy policy. Each time a company introduces a MOCVD machine, it will provide a financial subsidy of 10 million yuan. Hangzhou will provide financing for the purchase of MOCVD equipment at 40% of the equipment purchase price. Guoxing Optoelectronics, Silan Micro, Dehao Runda and Sanan Optoelectronics all received hundreds of millions of MOCVD purchase subsidies.
In order to strive for the presence of Sanan Optoelectronics, Anxi County, Quanzhou City, Fujian Province, has invested not only to invest 4 billion yuan, which is more than the annual public revenue of Anxi County. Anxi, in reference to the practice of Wuhu, subsidized MOCVD and sapphire substrate production equipment, totaling 2.2 billion yuan. In terms of land acquisition, infrastructure and R&D center, the construction investment will be 1 billion yuan; the construction of supporting co-construction projects will be 800 million yuan.
If the amount of government subsidies received by Sanan Optoelectronics from 2010 to 2013 is compared with the net profit of the year, the results are 60%, 86%, 60%, and 45.7%, respectively.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
China's financial subsidies are mainly oriented to the adjustment of industrial structure, to the support of small and medium-sized enterprises, energy-saving and environmental protection industries and high-tech innovation industries, including the national major special supporting funds, special subsidies within the national industrial revitalization budget.
In terms of the difficulty of subsidy application, high-tech, electronic information, biomedicine, software, new energy, etc. are relatively easy to apply. If the industry is listed as a strategic emerging industry, it is tantamount to opening the door to government subsidies.
Photovoltaic and LED companies have therefore become the two most vulnerable companies to receive government subsidies in recent years.
Since the launch of the "Golden Sun Project" in 2009, the central government has allocated some funds from the special funds for renewable energy to support the industrialization and scale development of domestic photovoltaic power generation. The grid-connected photovoltaic power generation project is in principle based on the photovoltaic power generation system and its supporting transmission. 50% of the total investment in power distribution projects is subsidized, and independent photovoltaic power generation systems in remote and unpowered areas are subsidized at 70% of the total investment.
This type of subsidy is a “pre-subsidy subsidyâ€, that is, the project investor receives subsidies before the project is started. According to media reports, the threshold of the Golden Sun Project is very low. As long as the grid and roof strips can be obtained, it can be declared. After successful, a large amount of subsidy funds can be obtained.
The project ended in 2013 with a cumulative subsidy of approximately RMB 10 billion. In June 2013, the National Audit Office found that a number of companies and units obtained the subsidy by fabricating false declaration materials, and seized 260 million yuan from the central government.
According to the statistics of Southern Weekend reporters, since 2009, nine listed companies such as Sunflower, Yandian International, Hengdian East Magnetic and Linzhou Heavy Machinery have received nearly 340 million subsidies for the Golden Sun demonstration project.
The real money invested by the government in photovoltaic companies is enough to envy foreign counterparts, but it has also become the fuse of trade friction between China and the United States and the European Union. In November 2011, the EU initiated a countervailing investigation on Chinese PV products. In January 2014, the US Department of Commerce launched the second "double-reverse" survey on crystalline silicon photovoltaic products imported from China since 2011.
In fact, since 2013, few PV listed companies have received government subsidies.
In 2013, Hairun Photovoltaic received a total of 41.71 million government subsidies, and its performance forecast was still a loss. The net profit attributable to shareholders of listed companies was -130 million yuan. The amount of this subsidy is only one tenth of that in 2012.
In December 2012, the company received 206 million yuan from Jiangyin City's successful listing award, talent introduction fund subsidy and technical transformation equipment subsidy; Xu Xiake Town Government rewarded 48 million yuan; Sun demonstration project 170 million yuan; Taicang National R&D The central research funding and industrial support funds totaled 80 million yuan. Even if the government subsidy of the current profit and loss was 450 million, the operating profit still lost 530 million.
Correspondingly, the LED optoelectronic industry, also emerging as an emerging industry, is welcoming an outbreak. LED subsidies are more dazzling than photovoltaics.
In 2009, the National Development and Reform Commission issued the "Opinions on the Development of Semiconductor Lighting Energy-Saving Industry." At the same time, the energy conservation and environmental protection industry has been designated as one of the seven emerging industries in the 12th Five-Year Plan.
Looking at the announcements of listed companies in the LED industry, core electronic components, high-end general-purpose chips and basic software products, major projects, project funds, central financial funds, key industry development funds, 863 plans, science and technology innovation and results transformation special guidance funds, national high-tech LED companies have appeared in the research and development plan project funds and strategic emerging industry development funds.
These LED optoelectronic companies are expanding rapidly everywhere. Because the local investment in the construction of the factory, not only can get rich equipment subsidies, but also continue to apply for technology subsidies in the name of the subsidiary.
Taking Dehao Runda as an example, from 2010 to 2012, the wholly-owned subsidiaries Wuhu Dehao Runda, Yangzhou Dehao, Dalian Dehao, and Hao Dehao respectively received 418 million, 25.746 million subsidies such as “Technology IIIâ€. 76.6 million and 75.8 million.
Both Dehao Runda and Sanan Optoelectronics are setting up their homes in the Wuhu Economic and Technological Development Zone, which is trying to build a photovoltaic industry cluster.
Sanan Optoelectronics, which is known as the "one brother" of domestic LED chips, has received nearly 3 billion yuan of government subsidies in the past three years, which is rare in private enterprises.
Looking at the expansion route of Sanan Optoelectronics, the policy-driven intention is very obvious, because many local governments are vying for LED epitaxial chip manufacturers.
In 2009, the Yangzhou Municipal Government took the lead in launching the MOCVD subsidy policy. Each time a company introduces a MOCVD machine, it will provide a financial subsidy of 10 million yuan. Hangzhou will provide financing for the purchase of MOCVD equipment at 40% of the equipment purchase price. Guoxing Optoelectronics, Silan Micro, Dehao Runda and Sanan Optoelectronics all received hundreds of millions of MOCVD purchase subsidies.
In order to strive for the presence of Sanan Optoelectronics, Anxi County, Quanzhou City, Fujian Province, has invested not only to invest 4 billion yuan, which is more than the annual public revenue of Anxi County. Anxi, in reference to the practice of Wuhu, subsidized MOCVD and sapphire substrate production equipment, totaling 2.2 billion yuan. In terms of land acquisition, infrastructure and R&D center, the construction investment will be 1 billion yuan; the construction of supporting co-construction projects will be 800 million yuan.
If the amount of government subsidies received by Sanan Optoelectronics from 2010 to 2013 is compared with the net profit of the year, the results are 60%, 86%, 60%, and 45.7%, respectively.
(This article is reproduced on the Internet. The texts and opinions expressed in this article have not been confirmed by this site, nor do they represent the position of Gaogong LED. Readers need to verify the relevant content by themselves.)
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