Group 1 - The company announced that as of the end of August, its photovoltaic power generation project companies received a total of 2.319 billion yuan in renewable energy subsidy funds [1] - Among the total, the national renewable energy subsidy funds amounted to 2.252 billion yuan, representing a year-on-year increase of 258.60% [1] - The national renewable energy subsidy funds accounted for 182.64% of the total expected to be received in 2024 [1] Group 2 - The company is actively monitoring the subsequent disbursement of funds and is cooperating with relevant work [1]

Core Insights - Multiple A-share renewable energy companies have recently announced receiving substantial renewable energy subsidy funds, totaling over 6 billion yuan in August alone, with cumulative subsidies for the year reaching 1.5 to 3.5 times last year's total [1][2] Group 1: Subsidy Amounts and Growth - In August, Jilin Electric Power Co., Ltd. received 9.13 billion yuan in renewable energy subsidies, with a total of 12.71 billion yuan for the first eight months of the year, reflecting a year-on-year increase of 154.2% [1] - Jiangsu Linyang Energy Co., Ltd. reported receiving 2.03 billion yuan in August, with a total of 3.06 billion yuan for the first eight months, marking a year-on-year growth of 210.10% [1] - China Energy Conservation Solar Co., Ltd. received 16.92 billion yuan in August, with a total of 23.19 billion yuan for the first eight months, showing a year-on-year increase of 232.23% [2] - Jinkai New Energy Co., Ltd. received 9.39 billion yuan in August, with a total of 12.14 billion yuan for the first eight months, indicating a year-on-year growth of 341.67% [2] Group 2: Impact on Companies - The influx of subsidy funds is expected to improve cash flow for renewable energy projects, enhancing operational stability for companies [2][3] - Despite the significant subsidy amounts, the impact on current profits is limited as these subsidies are recognized as revenue upon electricity sales [2] - The renewable energy sector is characterized by high asset-liability ratios and ongoing investment in technology and equipment, making the timely receipt of subsidy funds crucial for alleviating financial pressure [3]

Core Viewpoint - LinYong Energy announced that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds amounting to 203 million yuan by August 2025 [2] Company Summary - LinYong Energy's subsidiary has successfully secured a total of 203 million yuan in renewable energy subsidies [2]

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 - 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]

Core Viewpoint - JinkoSolar announced a significant increase in renewable energy subsidy funds received in 2025, indicating strong growth in its solar power projects [2] Summary by Categories Financial Performance - In August 2025, the company received a total of 646 million yuan in renewable energy subsidy funds, with 633 million yuan coming from national subsidies [2] - From January 1 to August 31, 2025, the total renewable energy subsidy funds received amounted to 891 million yuan, representing a 248% increase compared to the same period last year [2] - The national renewable energy subsidy funds during this period reached 850 million yuan, which is a 272% increase year-on-year [2] Market Position - The subsidies received in 2025 accounted for 166% of the total renewable energy subsidies received in 2024 [2] - The national subsidies represented 178% of the total national renewable energy subsidies received in 2024 [2]

Core Viewpoint - JinkoSolar announced that it received renewable energy subsidy funds of 891 million yuan from January to August 2025, representing a year-on-year increase of 248% [1] Financial Performance - The national renewable energy subsidy funds amounted to 850 million yuan, showing a year-on-year growth of 272% [1] - In August 2025, the company's photovoltaic project subsidiary received national renewable energy subsidy funds of 633 million yuan [1] Impact on Operations - The recovery of subsidy funds will improve the cash flow of the company's power plants and have a positive impact on future plant operations [1] - However, the subsidy funds will not have a significant impact on the company's profit and loss for the fiscal year 2025, with specific financial results to be confirmed after the annual audit by accountants [1]

格隆汇9月4日丨晶科科技(601778.SH)公布，2025年8月，公司下属光伏发电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6.33亿元。 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%。 ...

Core Viewpoint - JinkoSolar (601778) announced on September 4 that its subsidiary photovoltaic power generation project company received renewable energy subsidy funds of 646 million yuan by August 2025 [1] Summary by Relevant Categories Financial Performance - From January to August 2025, the company received a total of 891 million yuan in renewable energy subsidy funds, representing a 248% increase compared to the same period last year [1] - The amount received in the first eight months of 2025 accounted for 166% of the total renewable energy subsidy funds received in the entire year of 2024 [1]

Core Viewpoint - JinkoSolar (601778.SH) reported significant increases in renewable energy subsidy funds received in 2025, indicating strong growth in financial support for its photovoltaic projects [1] Summary by Relevant Categories Financial Performance - In August 2025, the company received a total of 646 million yuan in renewable energy subsidy funds, with 633 million yuan coming from national renewable energy subsidies [1] - From January 1 to August 31, 2025, the total renewable energy subsidy funds received amounted to 891 million yuan, representing a 248% increase compared to the same period last year, and accounting for 166% of the total subsidies received in 2024 [1] - The national renewable energy subsidy funds during this period reached 850 million yuan, which is a 272% increase year-on-year, making up 178% of the total national subsidies received in 2024 [1]