Group 1 - The core point of the article is that the company, Xiehe New Energy, reported significant increases in renewable energy subsidies received by both its wholly-owned subsidiary and joint ventures, indicating strong growth in this area [1] Group 2 - The wholly-owned subsidiary received approximately RMB 260 million in renewable energy subsidies, representing a year-on-year increase of about 200%, which accounts for 157% of the total expected subsidies for 2024 [1] - The joint ventures received around RMB 600 million in renewable energy subsidies, reflecting a year-on-year increase of approximately 318%, which is 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 subsidies received by these joint ventures [1] - The recovery of renewable energy subsidies effectively reduces receivables and enhances the company's cash flow [1]
协合新能源(00182)：全资子公司今年累计获可再生能源补贴2.6亿元