Libang Instruments Announces Claiming 25 Million Government Grants

Shenzhen Libang Precision Instrument Co., Ltd. announced the receipt of government subsidies:
The company and all members of the board of directors ensure the truthfulness, accuracy, and completeness of the information disclosed, and there are no false records, misleading statements or major omissions.
According to the notice issued by the Shenzhen Municipal Science and Technology Innovation Committee for the “public announcement of the city’s Peacock Project team introduction in 2012”, the Municipal Science and Technology Innovation Committee plans to subsidize the 2012 City Peacock Project team introduction project. Shenzhen Libang Precision Instrument Co., Ltd. (hereinafter referred to as "the company") has been included in the "High-sensitivity Integrated Multifunctional Instant Accurate Clinical In Vitro Diagnostic System and Industrial Key Technology R&D" project. The company has received a total of 25 million yuan in government subsidy for the project in full in recent days.
The company will carry out corresponding accounting treatment in accordance with the relevant provisions of the “Accounting Standards for Business Enterprises”. The above-mentioned government subsidy will be partially accounted for in the current year's profit and loss in 2012, and part of which will be included in deferred income. The specific accounting treatment shall be based on the results after the annual audit of the accountant confirms. It is expected that this government grant will have a certain impact on the company's 2012 profit.
Special announcement.
Shenzhen Libang Precision Instrument Co., Ltd.

News surrounding:
On January 12, 2013, Libang Instrument Co., Ltd. received a government grant of 25 million yuan from the Shenzhen Science and Technology Innovation Committee on the company's "high-sensitivity, one-in-one, multi-function, real-time clinical in vitro diagnostic system and key technology R&D projects for industrialization." The part of the funds is counted in 2012 and part of the deferred income is included.
Libang Instrument is a leading supplier of medical electronic equipment that is leading in China and continues to grow rapidly in the world. It has strong research and development advantages in the world and the acquisition of this project grant has a positive significance for the company to deepen its technical reserves. The subsidy funds accounted for approximately 42.2% of the 2011 net profit, which will ensure that the company's 2012 net profit will maintain a growth trend, which will benefit the company's share price.
The stock continued to pull back recently. Yesterday, the stock attempted to rebound, but was blocked on the half-year line. The current share price has fallen below the 10-day moving average and the 5-day moving average has turned its head down. The trading volume has been magnified and the short-term profit-taking has shown signs of fleeing. KDJ has already After the formation of Sicha, the market outlook may continue to adjust, with support at around 18.03 yuan.

Related News: Recent Developments in Patent Disputes between Libang Instrument and Shenzhen Mindray

Flux Cored Wire

Flux Cored Wire:

Flux cored wire is also called powder-cored wire and tubular wire. It is divided into two categories: gas-entrained and non-gas-protected. The surface of the flux cored wire is the same as that of the Solid Wire and is made of materials such as low-carbon steel or low-alloy steel with good plasticity. The manufacturing method is to first roll the steel strip into a U-shaped section shape, then fill the U-shaped steel strip with solder powder prepared according to the dosage, roll it tightly with a rolling mill, and finally draw it into welding wires of different specifications.

Flux cored welding wire is a promising new welding material.
(1) Advantages:
1) For the welding of various steel materials, it is very convenient and easy to adjust the composition and proportion of the flux (the general-purpose flux-cored wire is often called the additive as the flux core, and the term flux only appears in the specific flux-cored wire). Requested weld chemistry can be supplied.
2) The process performance is good, and the welding seam is beautifully formed. Combined protection with gas slag is used to obtain good forming. The arc stabilizer is added to stabilize the arc and the droplet transfer is uniform.
3) Fast deposition speed and high production efficiency Under the same welding current, the flux-cored wire has high current density and fast melting speed. The deposition rate is about 85%-90%, and the productivity is about 3-5 times higher than that of electrode arc welding.
4) Larger welding current can be used for all-position welding.
(2) Disadvantages
1) The welding wire manufacturing process is complicated
2) When welding, wire feeding is more difficult than solid welding wire
3) The appearance of the welding wire is easy to rust, and the powder is easy to absorb moisture, so the requirements for the storage and management of the flux-cored welding wire are more stringent

Flux cored wire is a very widely used welding process. It is widely used in the welding of low carbon steel, low alloy steel and other alloy materials in heavy manufacturing, construction, shipbuilding, offshore facilities and other industries.

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