Huacan Optoelectronics announced on the evening of January 31 that the company recently received a cash dividend of RMB 279,337,577.75 from Huacan Optoelectronics (Suzhou) Co., Ltd. (hereinafter referred to as “Suzhou Subsidiaryâ€). The Suzhou subsidiary is a wholly-owned subsidiary of the company within the scope of the consolidated statement. The company holds 100% of the shares of the Suzhou subsidiary.
According to the company, the above profit distribution will increase the company's 2017 parent company's net profit, but will not increase the company's 2017 consolidated statement net profit, therefore, will not affect the company's overall operating results for 2017.
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