Tianjin Capital Environmental Protection Group Posts Higher Q1 Profit Despite Cash Flow Pressure
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Tianjin Capital Environmental Protection Group reported a 4.22% increase in Q1 operating income to RMB 1.15 billion and an 8.49% rise in net profit to RMB 276.38 million. Earnings per share reached RMB 0.176, with total assets at RMB 26.03 billion. Despite a negative operating cash flow, the company maintains a solid balance sheet, indicating potential short-term funding needs. The company focuses on environmental services in China and is listed in Hong Kong under stock code 1065.
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