Understanding the Market | CEB GREENTECH rises over 10% and has received more than 2 billion yuan in renewable energy subsidies
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CEB GREENTECH's stock price rose by more than 10%, with an increase of 10.31% as of the time of publication, trading at HKD 1.07, with a transaction volume of HKD 6.1633 million. The company has received additional subsidy funds from the State Grid Corporation for biomass comprehensive utilization, photovoltaic power generation, and wind power projects, totaling approximately RMB 2.064 billion, which is expected to improve cash flow and reduce liabilities, positively impacting future operations. China International Capital Corporation is optimistic about the company's profit recovery in biomass power generation
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