TIANBAO ENERGY (01671) Reports Interim Results with Profit Attributable to Shareholders of RMB 9.888 Million, Up 453% Year-on-Year

Stock News
2025/08/22

TIANBAO ENERGY (01671) announced its interim results for the six months ended June 30, 2025. The group recorded revenue of RMB 379 million, representing a 6.6% decrease compared to the same period last year. Profit attributable to equity shareholders reached RMB 9.888 million, marking a significant 453% increase year-on-year. Earnings per share stood at 6.18 cents.

For the first half of 2025, pre-tax profit amounted to approximately RMB 15.705 million, compared to approximately RMB 7.119 million in the first half of 2024, representing an increase of about 120.6%. This improvement was primarily attributed to the group's successive completion of energy-saving upgrades for boilers and heat exchange stations, which further reduced unit energy consumption levels and comprehensive costs. Additionally, the gradual implementation of new energy projects has collectively contributed to the continuous enhancement of the group's profitability.

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