Chinese government efforts to prop up panels, semiconductor and LED industry development, for nearly three years China main panel, semiconductor and LED companies to obtain the government subsidies amount, estimate the current net profit enterprises accounted for up to 20 ~ 50%. According to south Korean ET News analysis mainland shenzhen, Shanghai, Hong Kong stock exchange listed enterprises, the report found that China main panel, semiconductor and LED industry to obtain the government subsidies considerable, even mainland enterprises get government subsidies of its current profits approaching 5 into.
South Korea ET News pointed out that in shenzhen and Shanghai stock exchange general way of accounting, department of government subsidy as the non-operating income, and listed on the stock exchange of Hong Kong smic, local and mainland listed companies using different accounting calculation subsidies, the government grants the non-operating income not included in the project, but to offset such as r&d spending. Smic relevant personage says, often profit report listed the cause is to merge the government grants the numerical calculated.
Main panel from the mainland, semiconductor and LED industry profits, often can see the influence of the mainland government subsidies for mainland enterprises to operate, the mainland's largest panel industry in 2013 ~ 2015 boe get grants often profit share average was 33%, which means profits year by year, the boe a third from the mainland government subsidies.
Boe in the first three months of 2016 operating loss of about $200 million, but because the mainland government subsidies of $216 million, instead let Beijing Oriental often profit from negative to positive, if not the mainland government subsidies, Beijing Oriental season 1 paper loss a lot, and light is gained by the season 1 boe subsidies amount, has more than 2015 total about $157 million in total subsidy.
Tianma microelectronics, another mainland panel, is also against the mainland government grants relate first quarterly loss in 2016, as for tianma 2013 ~ 2013 grants often profits higher percentage of 48%.
Generation Chinese largest semiconductor industry core is also considerable benefits for the mainland government, but the proportion has decreased year by year, from 2013, more than 8, 2014 to less than 6, accounts for only 2, 2015 in 2013, smic received government subsidies, most for $153 million.
Thunis group relationship between enterprise core tongfang countries receive government subsidies often profit share is 23%, tongfang core IC design companies in mainland China, mainly produce the SIM card, microprocessor, RFID chips and other products, and sustained development of DRAM chips, modules in areas such as business, merger and acquisition by the end of 2015 xi 'an China core semiconductor, changed its name to xi 'an purple light core semiconductor.
Three Ann photoelectric LED chip as for mainland factory in 2015 also won the mainland government subsidies of $89 million, with three Ann photoelectric often profit of $317 million, 2015 to 28% of its profits often grant.
Fact, the mainland is not only cultivate local high-tech industry subsidies, to strengthen the mainland related enterprises export competitiveness, the mainland government to include textile clothing and footwear, advanced materials and metals, light industry, specialty chemicals, medical treatment, metal building materials and agricultural products and other industries to provide subsidy, an estimated 2013-2015 in the mainland to provide about $1 billion in aid, and trigger concerns such as the United States and the European Union, then to reach an agreement, China agreed to stop provide subsidy through demonstration base.
