TIANBAO ENERGY (01671) Posts Interim Results: Net Profit Attributable to Shareholders Falls 6.77% to RMB 9.219 Million
Stock News
Aug 17
TIANBAO ENERGY (01671) has released its interim results for the six months ended June 30, 2026. The group recorded revenue of RMB 392 million, an increase of 3.3% year-on-year. Profit attributable to equity shareholders of the company was RMB 9.219 million, a decrease of 6.77% compared to the same period last year. Earnings per share stood at RMB 5.76 cents.
The profit decline was primarily attributed to a reduction in the company's power generation revenue due to equipment maintenance. Additionally, while the Lingang Thermoelectric business saw profit growth, the majority of these gains were recorded as profit attributable to non-controlling interests, which diluted the profit attributable to the company's equity shareholders.
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