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On November 11, Shenzhen Defang Nano Technology Co., Ltd. (hereinafter referred to as "Defang nano" with stock code of 300769), a listed company of Shenzhen Stock Exchange, announced that the company and its subsidiaries had received a total of 29.329 million yuan of government subsidy funds from January 1, 2019 to the disclosure date of the announcement. The company and its subsidiaries Foshan Defang nanotechnology Co., Ltd. (hereinafter referred to as "Foshan Defang"), Shandong Defang nanotechnology Co., Ltd. (hereinafter referred to as "Shandong Defang"), Qujing lintie Technology Co., Ltd. (hereinafter referred to as "Qujing lintie") have received various government subsidies from January 1, 2019 to the disclosure date of the announcement The total fund is 29.329 million yuan. The above-mentioned government subsidies obtained by the company and its subsidiaries are in the form of cash and are related to the company's daily business activities. The impact of the above government subsidies on the company's total pre tax profit in 2019 is expected to be 24.723 million yuan. Among the above-mentioned government subsidies obtained by the company and its subsidiaries, the government subsidies related to income are 24.723 million yuan, and the government subsidies related to assets are 4.066 million yuan. The company and its subsidiaries intend to include the above-mentioned government subsidies of RMB 24723000 in other income and RMB 46060000 in deferred income. German nano's main business is research and development, production and sales of nano lithium iron phosphate and carbon nanotube conductive solution. Nanometer lithium iron phosphate has the characteristics of good safety performance, long cycle life and low production cost. It is widely used as the positive material of lithium-ion power battery and lithium-ion energy storage for new energy commercial vehicles such as passenger cars and special vehicles. In addition, nano-sized lithium iron phosphate also has some applications in new energy passenger car lithium-ion power batteries and other fields. Carbon nanotube conductive liquid is a kind of deep processing carbon nanotube, which has excellent thermal conductivity. It can be added to the positive or negative materials of lithium-ion batteries to effectively improve the conductivity of lithium-ion batteries.