TYN(SZ:000591) Zhi Tong Cai Jing·2025-09-02 08:13Core Viewpoint - The company has received significant renewable energy subsidy funds, which will positively impact its cash flow and future operations of photovoltaic power stations [1] Summary by Relevant Sections Renewable Energy Subsidy Funds - In August 2025, the company's photovoltaic project subsidiaries received a total of 1.692 billion yuan in renewable energy subsidy funds, with 1.68 billion yuan coming from national subsidies [1] - From January 1 to August 31, 2025, the company received a total of 2.319 billion yuan in renewable energy subsidy funds, representing a 232.23% increase compared to the same period last year, and accounting for 169.77% of the total subsidies received in 2024 [1] - The national renewable energy subsidy funds amounted to 2.252 billion yuan during the same period, showing a 258.60% increase year-on-year, and constituting 182.64% of the total national subsidies received in 2024 [1] Impact on Cash Flow and Operations - The recovery of renewable energy subsidy funds is expected to improve the cash flow of the company's photovoltaic power stations, leading to a positive impact on future operations [1] - The subsidy funds have been recognized as revenue in the corresponding fiscal year upon electricity sales, indicating that this repayment will not have a significant impact on the company's profit and loss for the fiscal year 2025 [1]