Tianjin Development publishes 2025 annual report
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Tianjin Development released its 2025 annual report, indicating a decline in earnings due to weaker utility performance, which faced losses from reduced government income and steam volumes. However, pharmaceutical revenue grew, aided by better margins and a special dividend from Tasly Group. The hotel sector remained stable with a 91.7% occupancy rate, while the electrical and mechanical unit saw a significant revenue drop, leading management to consider strategic restructuring.
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