As of June 30, 2024, Tianbao Energy (01671.HK) and its subsidiaries achieved a comprehensive operating income of approximately RMB 0.406 billion, a year-on-year increase of about 5.8%. The attributable net profit to the company's shareholders was approximately RMB 1.787 million, an increase of about 153.8% over the same period last year. In the first half of 2024, the basic and diluted earnings per share were RMB 1.12, an increase of about 154.5% over the same period last year.
The group's gross margin on industrial steam remained stable in the first half of 2024. The production cost was reduced through technical transformation, biomass co-firing, and other methods. The power generation part of the distributed energy station project of the thermal power and gas station at the port ran smoothly, successfully concluding the equity acquisition project of Yangzhou Qingchang and continuing to actively expand the commercial and industrial distributed photovoltaic power station projects, employing various measures to improve the company's operational efficiency.