Jinko Power receives RMB 646m in August renewable energy subsidies

Jinko Power Technology Co. and its photovoltaic power generation project companies received RMB 646 million in renewable energy subsidies in August 2025. Of this amount, national renewable energy subsidies accounted for RMB 633 million.

Cumulatively, from January 1, 2025, to August 31, 2025, the company has received a total of RMB 891 million in renewable energy subsidies. This represents a 248% increase compared to the same period last year and accounts for 166% of the total renewable energy subsidies received in the full year of 2024. National renewable energy subsidies specifically amounted to RMB 850 million, marking a 272% increase year-on-year and comprising 178% of the national subsidies received in the full year of 2024.

The recovery of these subsidies is expected to improve the cash flow of the company's power stations and positively impact future operations. The company clarifies that these funds were recognized as electricity revenue at the time of power sales in the corresponding years. Therefore, the current repayment will not have a significant impact on the company's 2025 annual profit and loss, with the final results subject to the annual audit by accountants. Investors are advised to consider potential investment risks.