Group 1 - The company received renewable energy subsidy funds totaling 203 million yuan in August 2025 [2] - From January 1 to August 31, 2025, the company received a total of 306 million yuan in renewable energy subsidy funds, representing a 210.10% increase compared to the same period last year, and accounting for 177.09% of the total subsidies received in 2024 [2] - The recovery of these subsidy funds will improve the company's cash flow from its power plants and positively impact future operations, although it will not significantly affect the company's profit and loss for 2025 [3]

Core Viewpoint - LinYong Energy announced that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds amounting to 203 million yuan by August 2025 [2] Company Summary - LinYong Energy's subsidiary has successfully secured a total of 203 million yuan in renewable energy subsidies [2]

证券代码：601222 证券简称：林洋能源 公告编号：临 2025-53 江苏林洋能源股份有限公司 关于收到应收国家可再生能源补贴资金情况的自愿性 信息披露公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 2025年9月6日 1 特此公告。 江苏林洋能源股份有限公司 董事会 一、获取补贴资金的基本情况 2025 年 8 月，江苏林洋能源股份有限公司（以下简称"公司"）下属光伏发电 项目公司共收到可再生能源补贴资金 2.03 亿元。 自 2025 年 1 月 1 日至 2025 年 8 月 31 日，公司共收到可再生能源补贴资金 3.06 亿元，较上年同期增加 210.10%，占 2024 年全年收到可再生能源补贴资金的 177.09%。 二、对公司的影响 上述可再生能源补贴资金的回收将改善公司电站的现金流，对公司未来电站 的运营产生积极影响。本次可再生能源补贴资金已于电量销售时确认到对应年度 的电费收入，本次回款对公司2025年度损益不会产生重大影响，具体以会计师年 度审计确认后的结果为准。敬请广大投资者注意投资风险。 ...

Core Viewpoint - Lin Yang Energy (601222.SH) reported significant growth in renewable energy subsidy funds received in 2025, indicating strong performance in the renewable energy sector [1] Group 1: Financial Performance - The company received a total of 203 million yuan in renewable energy subsidy funds for its photovoltaic power generation projects by August 2025 [1] - From January 1 to August 31, 2025, the total renewable energy subsidy funds received amounted to 306 million yuan, representing a year-on-year increase of 210.10% [1] - The subsidy funds received in the first eight months of 2025 accounted for 177.09% of the total renewable energy subsidy funds received in the entire year of 2024 [1]

Core Viewpoint - Linyang Energy (601222) announced on September 5 that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds of 203 million yuan in August 2025, indicating a significant increase in financial support for the company's operations [1] Summary by Relevant Categories Financial Performance - From January to August 2025, the company received a total of 306 million yuan in renewable energy subsidy funds, representing a year-on-year increase of 210.1% [1] - The subsidies received in the first eight months of 2025 accounted for 177.09% of the total renewable energy subsidies received in 2024 [1] Operational Impact - The recovery of the renewable energy subsidy funds is expected to improve the cash flow of the company's power stations, positively impacting the future operations of these stations [1]

Core Viewpoint - Lin Yang Energy (601222.SH) announced that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds of 203 million yuan in August 2025, indicating significant growth in subsidy income [1] Summary by Relevant Categories Financial Performance - From January 1, 2025, to August 31, 2025, the company received a total of 306 million yuan in renewable energy subsidy funds, representing an increase of 210.10% compared to the same period last year [1] - The total subsidies received in this period accounted for 177.09% of the total renewable energy subsidies received in the entire year of 2024 [1]

Core Viewpoint - The company announced a significant increase in renewable energy subsidy funds received, indicating a positive trend in cash flow and operational impact for future projects [1] Group 1: Financial Performance - The company received a total of 203 million yuan in renewable energy subsidy funds for the period ending August 31, 2025 [1] - From January 1 to August 31, 2025, the company received 306 million yuan in renewable energy subsidies, representing a 210.10% increase compared to the same period last year [1] - The subsidies received during this period accounted for 177.09% of the total subsidies received in 2024 [1] Group 2: Operational Impact - The recovery of renewable energy subsidy funds is expected to improve the company's cash flow from its power plants [1] - The received funds will have a positive impact on the operation of the company's future power plants [1] - The recent subsidy recovery is not expected to have a significant impact on the company's profit and loss for the fiscal year 2025 [1]

Core Viewpoint - Linyang Energy has secured a significant order from Southern Power Grid, with a pre-bid amount estimated at approximately 244 million yuan, contributing to a total of 866 million yuan in orders since 2025 [1][2][3] Group 1: Order Acquisition - Linyang Energy has been awarded large orders four times since the beginning of 2025, with total disclosed amounts reaching approximately 866 million yuan [3] - The recent pre-bid project is part of the first batch of framework bidding for metering equipment by Southern Power Grid for 2025 [2] Group 2: Business Performance - Linyang Energy's overseas business revenue reached 693 million yuan in the first half of 2025, marking a year-on-year increase of 61.73%, with overseas revenue accounting for over 27% of total revenue [1][3] - The company has maintained a steady growth trajectory since its listing, with revenue increasing from 1.696 billion yuan in 2011 to 6.742 billion yuan in 2024, representing a growth rate of 297.52% [4] Group 3: Research and Development - Linyang Energy has invested over 1 billion yuan in research and development over the past five and a half years, with a total of 10.14 billion yuan in R&D expenses from 2020 to mid-2025 [7] - The company has obtained 31 new authorized patents in the first half of 2025, including 10 invention patents, bringing the total to 352 authorized patents [7]

Group 1 - Lin Yang Energy's stock increased by 5.04% on September 4, reaching a price of 6.25 yuan per share, with a trading volume of 96.96 million yuan and a turnover rate of 0.77%, resulting in a total market capitalization of 12.876 billion yuan [1] - Jiangsu Lin Yang Energy Co., Ltd. is located at 666 Lin Yang Road, Qidong Economic and Technological Development Zone, Jiangsu Province, established on November 6, 1995, and listed on August 8, 2011. The company's main business includes smart grids, renewable energy, and energy storage [1] Group 2 - Among the top ten circulating shareholders of Lin Yang Energy, a fund under Huatai-PB ranked first. The photovoltaic ETF (515790) reduced its holdings by 75,300 shares in the second quarter, holding a total of 16.8058 million shares, which accounts for 0.82% of the circulating shares. The estimated floating profit today is approximately 5.0417 million yuan [2] - The photovoltaic ETF (515790) was established on December 7, 2020, with a latest scale of 9.984 billion yuan. Year-to-date return is 10.99%, ranking 3433 out of 4222 in its category; the one-year return is 27.52%, ranking 3151 out of 3789; and since inception, it has a loss of 15.86% [2] Group 3 - The fund managers of the photovoltaic ETF (515790) are Li Qian and Li Mu Yang. As of the report, Li Qian has a cumulative tenure of 5 years and 306 days, with a total fund asset size of 39.351 billion yuan, achieving a best fund return of 109.31% and a worst return of -18.35% during her tenure [3] - Li Mu Yang has a cumulative tenure of 4 years and 243 days, managing a total fund asset size of 21.273 billion yuan, with a best fund return of 91.74% and a worst return of -48.35% during his tenure [3]

Core Viewpoint - Linyang Energy has secured a significant order from Southern Power Grid for the first batch of metering equipment for 2025, with an estimated total bid amount of approximately 244 million yuan, contributing to a total of 866 million yuan in orders since the beginning of 2025 [1][2][3] Group 1: Order and Revenue Growth - The recent order marks Linyang Energy's fourth large order since the beginning of 2025, with previous orders totaling approximately 622 million yuan [3] - The company has reported a substantial increase in overseas revenue, achieving 693 million yuan in the first half of 2025, a year-on-year growth of 61.73%, accounting for over 27% of total revenue [1][3] Group 2: Business Segments and Performance - Linyang Energy operates in three main business segments: smart power distribution, renewable energy generation, and energy storage, and is recognized as one of the largest smart meter exporters in China, with products distributed in over 50 countries [1][4] - Despite a decline in overall revenue in the first half of 2025, the company has maintained a strong performance in its overseas business, with a reported revenue of 1.126 billion yuan in 2024, reflecting a year-on-year increase of 34.22% [4][5] Group 3: Research and Development Investment - The company has invested over 1 billion yuan in research and development over the past five and a half years, with a total of 10.14 billion yuan spent from 2020 to mid-2025 [6] - Linyang Energy has been actively increasing its patent portfolio, with 31 new patents granted in the first half of 2025, including 10 invention patents, bringing the total to 352 authorized patents [6]