Core Viewpoint - The company has significantly increased its renewable energy subsidies, indicating strong growth in its financial performance and cash flow management [1] Group 1: Company Performance - The company's wholly-owned subsidiary received approximately RMB 260 million in renewable energy subsidies, representing a year-on-year increase of about 200% and accounting for 157% of the total expected subsidies for 2024 [1] - The joint venture companies received around RMB 600 million in renewable energy subsidies, which is a year-on-year increase of approximately 318% and represents 219% of the total expected subsidies for 2024 [1] - Based on the company's equity stake in the joint ventures, it is entitled to approximately RMB 230 million from the joint ventures' renewable energy subsidies [1] Group 2: Financial Impact - The recovery of renewable energy subsidies effectively reduces receivables and enhances the company's cash flow [1]
协合新能源(00182.HK)收到可再生能源补贴约2.6亿元 同比增加约200%