Core Viewpoint - The Ministry of Finance has announced an early allocation of 3.5 billion yuan for the 2026 budget for the treatment of discarded electrical and electronic products, which is expected to positively impact the company and the industry [1] Group 1: Financial Impact - The total budget for 2026 is 3.5 billion yuan, with 2.3 billion yuan allocated for previously unallocated subsidies under the original treatment fund system [1] - An additional 1.2 billion yuan is designated for "reward instead of subsidy" to support industry development [1] Group 2: Operational Implications - The early allocation of funds is anticipated to improve the company's cash flow and allow for timely adjustments in the impact of special funds on the waste electrical dismantling business [1] - The company, as a compliant waste electrical and electronic product treatment enterprise, will closely monitor the implementation of the policy and proceed with the necessary fund application processes [1]