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Tianbao Energy (01671) is expected to record a net profit of 1.78 million yuan in the first half of the year, a year-on-year growth of 154%.
Jinwu Caixun | Tianbao Energy (01671) released a positive profit forecast, and the group expects the equity shareholders to have a net profit of approximately RMB 1.78 million during the 6 months period ending on June 30, 2024, a year-on-year increase of 154% compared to RMB 0.704 million in the same period last year. The announcement shows that the net profit growth of the company is mainly due to the successful commercial operation of the power generation part based on the distributed energy project of gas distribution heating completed by the group, which has improved the group's profitability. At the same time, the company acquired a 95% stake in Yangzhou Qingchang Solar Energy Technology Co., Ltd., which holds commercial and industrial rooftop solar projects.
Tianbao Energy (01671.HK) Profit Joy: Expected half-year net profit of approximately 1.787 million yuan.
Tianbao Energy (01671.HK) issued an announcement on July 30th stating that the group expects to record approximately RMB 1.787 million of net profit attributable to company shareholders for the six months ended June 30, 2024, while net profit attributable to company shareholders for the same period in 2023 was approximately RMB 0.704 million. This is mainly due to the successful commencement of commercial operation of the power generation part of the gas distributed energy station project on the basis of the operation of heating supply, which has improved the group's profitability. The acquisition of 95% equity of Yangzhou Qingchang Solar Technology Co., Ltd., which holds industrial and commercial roof.
Express News | Tianjin Tianbao Energy - Expected Result Due to Acquisition of 95% of Stake in Yangzhou Qingchang Solar Energy Technology Co, Others
Express News | Tianjin Tianbao Energy Sees Profit Attributable for Six Months of RMB1.787 Mln
TIANBAO ENERGY: POSITIVE PROFIT ALERT
Tianjin Tianbao Energy Unanimously Elects New Director
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