Monday, March 24, 2025

Chinese Government Provides Financial Support to Yankon Lighting and Roshow Technology

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Research & Technology
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Chinese Government Provides Financial Support to Yankon Lighting and Roshow Technology
Yankon Lighting has been awarded RMB 8 million (approximately US $1.23 million) in funding from China’s Ministry of Industry and Information Technology (MIIT) to support its “Industrial upgrade to smart manufacturing and IoT+ mobile support security project.” The company noted that these subsidies will be classified as deferred income and will not significantly impact its current profits or losses. Similarly, Roshow Technology has secured a total of RMB 1.52 million in subsidies from various government initiatives aimed at accelerating industrial upgrades, with the funds expected to have a minor effect on its annual net profit.
Original source:
https://www.ledinside.com/news/2025/02/yankon_lighting_and_roshow_technology_receive_subsidies_from_chinese_government

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