Core Insights - The company, Jilin Electric Power Co., Ltd. (吉电股份), announced on September 7 that it received a total of 9.13 billion yuan in renewable energy subsidy funds in August [1] - From January 1, 2025, to August 31, 2025, the company is expected to receive a total of 12.71 billion yuan in renewable energy subsidy funds, representing a 154.2% increase compared to the same period last year [1] - The total subsidy amount for 2025 is projected to account for 135.36% of the total subsidies received in 2024 [1]

Summary of Key Points - The company announced that it received a total of 913 million yuan in renewable energy subsidy funds from the state by August 2025 [1] - From January 1, 2025, to August 31, 2025, the company accumulated a total of 1.271 billion yuan in subsidy funds, representing a year-on-year increase of 154.2% [1] - The total subsidies received in 2025 accounted for 135.36% of the total subsidies received in the entire year of 2024 [1] - The recovery of these funds is expected to improve the company's cash flow, with the specific impact on the 2025 financial results pending confirmation from the annual audit [1]

Group 1 - The core point of the article is that China Everbright Green Environmental Protection (01257.HK) has received a total of approximately RMB 2.064 billion in renewable energy price supplementary subsidy funds from the State Grid Corporation of China for its projects [1] Group 2 - The supplementary subsidy funds will improve the cash flow of the company's biomass comprehensive utilization, photovoltaic power generation, and wind power projects, and reduce the company's liabilities [1] - The receipt of these funds will have a positive impact on the future operations of the company's biomass comprehensive utilization, photovoltaic power generation, and wind power projects [1] - The supplementary subsidy funds have been recognized as revenue in the corresponding year's electricity sales [1]

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 - 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]

Group 1 - Tianhua New Energy has achieved mass production of medium/high nickel high voltage ternary cathodes and lithium cobalt oxide products through its subsidiary Jiangsu Yili [1] - The company has received positive feedback on lithium sulfide materials sent to leading companies in the sulfide solid electrolyte sector, indicating progress in R&D and commercialization [1] - These developments highlight Tianhua New Energy's innovation capabilities and market competitiveness in the new energy materials sector, which is beneficial for its long-term growth [1] Group 2 - Tongrun Equipment's shareholder Zhuhai Yuening has reduced its stake by 3.667 million shares, decreasing its ownership from 9.9099% to 8.9003% [2] - This reduction in shareholding may impact the company's equity structure and future governance, warranting investor attention [2] - The market sentiment and stock price may also be influenced by this share reduction [2] Group 3 - Jinko Technology received renewable energy subsidy funds totaling 646 million yuan in August 2025, contributing to a total of 891 million yuan from January to August 2025, a 248% increase year-on-year [3] - The increase in subsidy funds reflects the government's strengthened support for the renewable energy sector, which is favorable for Jinko Technology and the overall photovoltaic industry [3] - Enhanced cash flow from these subsidies will aid in project construction and operations, further solidifying the company's market position in the photovoltaic sector [3]

Group 1 - Tianhua New Energy's subsidiary Jiangsu Yili has achieved mass production of medium/high nickel high voltage ternary cathodes and lithium cobalt oxide products [1] - The company has developed lithium-rich manganese-based and spinel nickel manganese lithium cathode materials, which have received positive evaluations from multiple clients and have begun partial sales [1] - Tianhua New Energy is advancing the research and industrialization of lithium sulfide materials for sulfide solid-state electrolytes, having sent samples to leading companies in the field and received favorable feedback [1] Group 2 - Tongrun Equipment's shareholder Zhuhai Yuening has reduced its holdings by 3.667 million shares, representing a decrease of 1.0095% in ownership [2] - Following the reduction, Zhuhai Yuening and its concerted parties now hold a combined ownership of 8.9003% in the company [2] - This change may impact the company's equity structure and future governance, warranting investor attention [2] Group 3 - Jinko Technology received renewable energy subsidy funds of 646 million yuan in August 2025 [3] - From January to August 2025, the company received a total of 891 million yuan in subsidies, marking a 248% increase compared to the same period last year [3] - The increase in subsidy funds is expected to enhance the company's cash flow and support project development, strengthening its market position in the photovoltaic industry [3]

Group 1 - The core viewpoint of the announcement is the update on the collection of national subsidies receivables and its impact on the fund's cash flow and investor returns [1][3][4] - The infrastructure project company has received a total of 257.8932 million yuan from the State Grid Jiangsu Electric Power Co., which has reduced the average collection period of national subsidies receivables to 1.95 years [3] - The fund will prioritize the repayment of factoring financing due by December 31, 2024, using the received funds, which is expected to reduce interest expenses by 1.7795 million yuan for the fund in 2025, thereby increasing the amount available for distribution to investors [3] Group 2 - To mitigate the volatility of the collection period for national subsidies receivables, the fund employs a bank recourse factoring method to smooth cash flow [2] - The factoring bank will purchase national subsidies receivables that are over 1.5 years old, providing immediate cash to the project company for distribution to investors [2] - The fund management will continue to monitor the collection of national subsidies receivables and will initiate factoring work for the receivables due by December 31, 2025, with an estimated amount of 551.6947 million yuan [4]

证券代码：601778 证券简称：晶科科技 公告编号：2025-104 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8.91亿 元，较上年同期增加248%，占2024年全年收到可再生能源补贴资金的166%；其 中，国家可再生能源补贴资金8.50亿元，较上年同期增加272%，占2024年全年收 到国家可再生能源补贴资金的178%。 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。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。 特此公告。 晶科电力科技股份有限公司董事会 晶科电力科技股份有限公司 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。 一、获取补贴资金的基本情况 项目公司共收到可再生能源补贴资金6.46亿元，其中国家可再生能源补贴资金 ...