Sanan’s 60 million sapphire subsidies were repaid four times in the year and were replenished for about 232 million yuan.

On September 28, Sanan Optoelectronics (600703.SH) announced that it received a total of 60 million yuan of “technical three” financial subsidies from the Anxi County Finance Bureau on its sapphire substrate project on September 27.

The reporter consulted its 2012 annual announcement and learned that this was the fourth time that Sanan received the subsidy for the project. The first three received a subsidy of 100 million yuan on March 30 and a subsidy of 60 million yuan on June 29. On August 14, the subsidy was received at 12.15 million yuan. In addition to this subsidy, Sanan Optoelectronics has received a total subsidy of 232 million yuan during the year. The announcement said that this subsidy will have a positive impact on the company's third quarter 2012 results.

San Xue Optoelectronics Securities representative Li Xuehong told reporters, "This shows that the government's attitude toward company support will not be there, and the company does not know at present."

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