Tbea Co.,Ltd. (ASX: 600089) has been announced as the winning bidder for a procurement project by China Power Engineering Consulting Group Northwest Electric Power Design Institute Co., Ltd., according to data released on June 23, 2026. The contract, awarded under the procurement for 1-3kV cross-linked power cables for the Xinjiang Oilfield 2.64 million kW new energy and supporting coal power and carbon capture integrated project's power transmission and transformation project, is valued at RMB 11.5208 million.

Financial Performance Overview

For the full year 2025, Tbea Co.,Ltd. reported operating revenue of RMB 97.318 billion, representing a slight decline of 0.60%. However, net profit attributable to the parent company saw a significant increase of 43.69%, reaching RMB 5.954 billion. The company's return on equity for the period stood at 8.75%.

In the first quarter of 2026, the company's performance showed positive momentum. Operating revenue grew by 6.75% year-over-year to RMB 24.961 billion, while net profit attributable to the parent company increased by 13.40% to RMB 1.815 billion.

Business Segment Breakdown

Classified within the industrial sector, Tbea Co.,Ltd. primarily manufactures power transformation equipment, specialized machinery, and components. According to its 2025 annual report, the company's revenue is derived from several key segments: electrical equipment (27.5%), coal operations (17.43%), wires and cables (16%), new energy products and engineering (13.93%), power generation (7.38%), aluminum electronic new materials and aluminum alloy products (6.48%), complete power transmission and transformation projects (5.06%), gold (2.54%), other business activities (1.71%), other income (1.41%), and logistics and trade (0.57%).