Audit Commission: Xue Laite Optoelectronics receives financial subsidies of 3.455 million yuan

February 29, 2020

Recently, the audit of the "three subjects" funds announced by the National Audit Office showed that Guangdong Xuelaite Optoelectronics Technology Co., Ltd. high-efficiency lighting product promotion project, through the sale of lighting products sold to large users in the form of resident users, to take central finance High-efficiency lighting products promotion subsidy funds of 3.455 million yuan. It is currently undergoing rectification.

For home appliance companies with low net profit, the audited audit results show that the amount of fraud has occupied a considerable proportion of their profits.

According to the audit of the “three subjects” funds announced by the National Audit Office, Guangdong Xuelaite Optoelectronics Co., Ltd., in the high-efficiency lighting product promotion project, declares the lighting products sold to large users in the form of resident users, and promotes the promotion of central financial efficient lighting products. The subsidy fund is 3.455 million yuan.

It is understood that Snow Wright achieved revenue of 420 million yuan in 2012 and a net profit of 15.16 million yuan. In other words, the company's 34.55 million yuan in subsidy funds is equivalent to nearly 23% of its net profit.

At the time of receiving the reporter's call, Xue Lai Ting's secretary, Yu Shuzhong, appeared to be somewhat surprised: "Is there such a thing? I have to look at the announcement quickly." For the Audit Commission's audit results mentioned by the reporter, Yu Shuzhong did not defend, but repeated it over and over again. The same sentence: "I don't know, I don't have a clue. The company still needs to explore."

He told reporters: "Before the announcement, the Audit Commission did not contact the company. As for the specific measures, further information is needed."

As early as 2011, the customer was once lost due to serious product quality problems. In recent years, the performance of Shell Wright has dropped significantly. Only last year, Shell Wright’s net profit fell sharply by 44%.

A person close to Snow Wright revealed to reporters: "The dispute over the payment of the gold halide lamp of the core product of Shelle has been continually encountered by most customers, and even caused its OEM channel to collapse. At present, Shellett still exists in cooperation with dealers. Serious product quality, after-sales deficiencies, arrears, etc. Have to wonder if the company is eligible for subsidies."

According to the Audit Commission, the relevant local departments and project units have reduced the funds of the “three subjects” that have been misappropriated into 205 million yuan, and recovered the funds of 214 million yuan. The audit transferred 29 cases of clues to the judicial organs, and 41 people involved in the case, which are currently being investigated and punished according to law.

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