Core Viewpoint - The company reported significant increases in renewable energy subsidies received by both its wholly-owned and joint venture subsidiaries, indicating strong growth in cash flow and reduced receivables [1] Group 1: Wholly-Owned Subsidiary Performance - The wholly-owned subsidiary received approximately RMB 260 million in renewable energy subsidies, representing an increase of about 200% compared to the same period last year [1] - This amount accounts for 157% of the total renewable energy subsidies expected for the entire year of 2024 [1] Group 2: Joint Venture Performance - The joint venture companies received approximately RMB 600 million in renewable energy subsidies, which is an increase of about 318% year-on-year [1] - This amount represents 219% of the total renewable energy subsidies anticipated for the joint ventures in 2024 [1] - Based on the company's equity stake in the joint ventures, it is expected to benefit from approximately RMB 230 million in subsidies from these joint ventures [1] Group 3: Financial Impact - The recovery of renewable energy subsidies effectively reduces receivables and enhances the company's cash flow [1]
协合新能源：全资子公司今年累计获可再生能源补贴2.6亿元