CEB GREENTECH: All additional subsidy funds have been fully received
CEB GREENTECH announced that it has fully received the settlement notice regarding the additional subsidy funds from State Grid Corporation, amounting to approximately 2.064 billion yuan. This funding will improve the company's cash flow, reduce liabilities, and have a positive impact on the future operations of biomass comprehensive utilization, photovoltaic power generation, and wind power projects
According to the announcement from CEB GREENTECH (01257), from July 1, 2025, to August 31, 2025, 33 subsidiaries of the Group, involved in biomass comprehensive utilization, photovoltaic power generation, and wind power projects, have received a settlement notice regarding additional subsidy funds from the State Grid Corporation of China (the notice). According to the notice, the total amount of additional subsidy funds is approximately RMB 2.064 billion, which the Group has fully received as of the date of this announcement.
The recovery of the above additional subsidy funds will improve the cash flow of the Company's biomass comprehensive utilization, photovoltaic power generation, and wind power projects, reduce the Group's liabilities, and have a positive impact on the future operations of the Group's biomass comprehensive utilization, photovoltaic power generation, and wind power projects. The additional subsidy funds received have been recognized as electricity revenue for the corresponding fiscal year at the time of electricity sales
