TIANBAO ENERGY released its interim results, with shareholders' profit attributable to shareholders amounting to HKD 9.888 million, an increase of 453% year-on-year
TIANBAO ENERGY released its interim results for the period ending June 30, 2025, with a profit attributable to shareholders of HKD 9.888 million, an increase of 453% year-on-year. The group's revenue was HKD 379 million, a decrease of 6.6% year-on-year. The pre-tax profit for the first half of 2025 was approximately HKD 15.705 million, an increase of about 120.6% compared to the first half of 2024. The improvement in profitability was mainly due to energy-saving renovations of boilers and heat exchange stations, as well as the implementation of new energy projects
According to the Zhitong Finance APP, TIANBAO ENERGY (01671) released its interim results for the six months ending June 30, 2025. The group achieved revenue of RMB 379 million, a year-on-year decrease of 6.6%; the profit attributable to equity shareholders of the company was RMB 9.888 million, a year-on-year increase of 453%; earnings per share were 6.18 cents.
In the first half of 2025, the pre-tax profit was approximately RMB 15.705 million, an increase of about 120.6% compared to approximately RMB 7.119 million in the first half of 2024. This was mainly due to the group's completion of energy-saving renovations for boilers and heat exchange stations, leading to a further decrease in unit energy consumption levels and overall costs; as well as the gradual implementation of new energy projects, which collectively drove the group's profitability to continuously improve
