香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Tianjin Tianbao Energy Co., Ltd.* 天 津 天 保 能 源 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） – 1 – 董事會欣然宣佈，毛先生已取代王先生獲委任為授權代表，自2026年3月26日 董事會會議結束時起生效。因此，自2026年3月26日董事會會議結束時起，毛 先生與本公司公司秘書劉國賢先生將為本公司之授權代表。 王先生已確認，彼與董事會並無意見分歧，亦無有關其辭任授權代表之事宜須 敦請聯交所及本公司股東垂注。王先生亦確認彼並無任何針對本公司正在發 生或將要發生的訴訟或申索。 董事會謹藉此機會向毛先生於本公司履新致以衷心的祝賀。 承董事會命 （股份代號：1671） 委任總經理及變更授權代表 茲提述天津天保能源股份有限公司（「本公司」）日期為2026年3月5日之公告，內 容有關王賡先生（「王先生」）辭任本公司總經理及毛永明先生（「毛先生」）獲委 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 (1)建議修訂公司章程；及 (2)建議修訂股東會議事規則及 董事會議事規則 本公告乃由天津天保能源股份有限公司（「本公司」）根據香港聯合交易所有限 公司證券上市規則（「上市規則」）第13.51(1)條而作出。 鑒於上市規則有關庫存股份之修訂已於2024年6月11日生效，本公司擬修訂其 公司章程（「公司章程」）的條款，以令本公司可靈活購回或收購股份作為庫存 股份持有。於2026年3月26日，本公司董事會（「董事會」）審議並通過建議修訂 公司章程的決議案，建議對公司章程作出若干主要修訂，旨在根據前述規則作 出相應完善。 Tianjin Tianbao Energy Co., Ltd.* 天 津 天 保 能 源 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1671） 鑒於公司章程之建議修訂，本公司亦建議同步修訂股東會議事規則及董事會 議事規則。 公司章程、股東會議事規則及董 ...

免責聲明 EF001 EF001 | | | | 有關代預扣所得稅之更多補充 | | --- | --- | --- | --- | | | 股東類型 | 稅率 | （如適用） | | | 非居民企業 | | | | | （非中國內地登記地址） | 10% | 根據《中華人民共和國企業所得稅 | | | | | 法》與其實施條例以及其他相關規 | | | | | 定，若本公司向名列於本公司H股 | | | | | 股東名冊上的非居民企業股東派發 | | | | | 股息時，有義務代扣代繳企業所得 | | | | | 稅，稅率為10%。任何以非個人股 | | | | | 東名義，包括以香港中央結算（代 | | | | | 理人）有限公司，其他代理人或受 | | | | | 託人，或其他組織或團體名義登記 | | | | | 的H股股份皆被視為非居民企業股 | | | | | 東所持的股份，因此其應得之股息 | | | | | 將（如有）被扣除企業所得稅。 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | | | 其他信息 | | | | ...

Financial Performance - For the year ending December 31, 2025, the company reported a consolidated revenue of RMB 773.853 million, a decrease of 6.1% compared to RMB 824.050 million in 2024[4] - Profit attributable to equity shareholders increased by 84.4% from RMB 4.530 million in 2024 to RMB 8.355 million in 2025[4] - Basic and diluted earnings per share for 2025 were RMB 5.22, up from RMB 2.83 in 2024[5] - The company's gross profit for 2025 was RMB 59.903 million, slightly up from RMB 59.190 million in 2024[5] - The reported segment profit (adjusted EBITDA) for 2025 was RMB 112,547,000, a slight decrease of 1.0% compared to RMB 113,661,000 in 2024[23] - The group reported a pre-tax profit of RMB 17,192,000 for 2025, up 9% from RMB 15,743,000 in 2024[32] - Basic earnings per share increased to RMB 8,355,000 in 2025 from RMB 4,530,000 in 2024[33] - The company achieved a total comprehensive revenue of RMB 77,385.3 million in 2025, down 6.1% from RMB 82,405.0 million in 2024, primarily due to a decrease in coal prices affecting steam pricing[53] Assets and Liabilities - Total assets less current liabilities as of December 31, 2025, were RMB 676.999 million, down from RMB 736.007 million in 2024[6] - The company's net current liabilities amounted to RMB 22.568 million as of December 31, 2025[12] - Non-current liabilities decreased from RMB 270.366 million in 2024 to RMB 207.555 million in 2025[7] - Cash and cash equivalents decreased from RMB 128.795 million in 2024 to RMB 71.551 million in 2025[6] - The total assets of the company decreased to RMB 962,844,000 in 2025 from RMB 1,070,774,000 in 2024, reflecting a decline of 10.1%[23] - The total liabilities decreased to RMB 493,400,000 in 2025 from RMB 605,133,000 in 2024, a reduction of 18.4%[24] Revenue Segments - The energy production and supply segment generated revenue of RMB 518,858,000 in 2025, down 7.9% from RMB 563,723,000 in 2024[22] - The photovoltaic power generation and sales segment reported revenue of RMB 8,961,000 in 2025, an increase of 9.4% from RMB 8,188,000 in 2024[22] - In 2025, the revenue from the energy production and supply segment was RMB 518.858 million, a decrease of 8.0% compared to RMB 563.723 million in the previous year, primarily due to a decline in coal procurement prices[55] Costs and Expenses - The company reported a financial cost reduction from RMB 17.073 million in 2024 to RMB 12.150 million in 2025[5] - Total employee costs decreased to RMB 28,455,000 in 2025 from RMB 30,943,000 in 2024, reflecting a reduction of approximately 8%[29] - The total cost of purchased electricity was RMB 195,955,000 in 2025, down from RMB 200,732,000 in 2024[30] - The cost of fuel for 2025 was RMB 360.884 million, a decrease of 10.5% from RMB 403.043 million in the previous year, primarily due to lower coal procurement prices[69] Investments and Future Plans - The capital expenditure for 2025 was RMB 14.058 million, with significant investments in distributed photovoltaic projects and energy storage initiatives[76] - The company plans to expand its business through mergers and acquisitions and deepen cooperation with strategic partners to enhance its market competitiveness[47] - The group plans to accelerate the construction of distributed photovoltaic projects in 2026, focusing on key sectors such as government agencies, hospitals, and industrial parks[94] - The group intends to expand its green electricity trading business and enhance its power maintenance services to create new profit growth points[97] Employee and Governance - As of December 31, 2025, the group had a total of 72 employees, with 90.3% holding a bachelor's degree or higher[98] - The total labor cost for the reporting period was RMB 28.455 million, which includes salaries, benefits, and allowances[98] - The board of directors includes both executive and independent non-executive directors, ensuring a diverse governance structure[120] Dividends and Shareholder Information - The proposed final dividend per ordinary share for 2025 is RMB 0.026, compared to RMB 0.014 in 2024, reflecting an increase in shareholder returns[44] - The board proposed a final dividend of RMB 0.026 per share for the year ending December 31, 2025, totaling approximately RMB 4.158 million[108] - The company confirmed that the proposed final dividend for the year ending December 31, 2025, aligns with its dividend policy[111] Risk Management - The group has identified three major risks: policy risk, safety risk, and performance management risk, and is taking measures to mitigate these risks[88] - The group has not faced significant foreign exchange risks, as its operations are primarily in China[87] Compliance and Reporting - The group’s auditor confirmed that the preliminary financial data for the year ending December 31, 2025, is consistent with the audited financial statements[116] - The annual performance announcement is published on the stock exchange's disclosure website and the company's website[117] - The company will send out the annual report containing all data required by listing rules at an appropriate time[117]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 Tianjin Tianbao Energy Co., Ltd.* 於本公告日期，董事會包括執行董事周善忠先生、王賡先生、毛永明先生及姚慎先生；非執 行董事楊定婧女士及史瑋女士；及獨立非執行董事陳維端先生、張歡女士及楊威女士。 * 僅供識別 董事會召開日期 天津天保能源股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公 司將於2026年3月26日（星期四）舉行董事會會議，其中議程包括(i)審閱及批准 本公司及其附屬公司截至2025年12月31日止年度之年度業績及相關公告，及(ii) 審議末期股息派付（如有）。 承董事會命 天津天保能源股份有限公司 董事長 周善忠 中華人民共和國，天津，2026年3月16日 天 津 天 保 能 源 股 份 有 限 公 司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1671） ...

Tianjin Tianbao Energy Co., Ltd.* 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 – 1 – 毛永明先生，55歲，高級工程師，現任本公司執行董事及副總經理、兼任天津 天保臨港熱電有限公司（「臨港熱電」）董事、董事長，負責本公司安全生產、環 保管理、熱電廠生產管理、管網運行、技術管理、紀檢監察，分管熱電部、安 全環保部、臨港熱電。毛先生於1997年4月加入本公司。彼於1997年4月至2007 年4月擔任供電部電氣工程師，於2007年4月至2011年12月擔任供電部部長，於 2011年12月至2013年8月擔任副經理兼供電部部長，於2013年8月至2014年12月 擔任總經理助理兼供電部部長，於2014年12月獲委任為副總經理，並於本公司 2017年1月轉型為股份制有限責任公司後一直擔任相同職位。毛先生於1991年7 月獲得中國天津職業技術師範大學電氣自動化學士學位，並於2005年7月獲得 天津大學環境工程碩士學位。 天 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 天津天保能源股份有限公司(「本公司」) 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01671 | 說明 | H股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 159,920,907 | RMB | | 1 RMB | | 159,920,907 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 159,920,907 | RMB | | 1 RMB | | 159,920,907 | 本月底法定/註冊股本總額： RMB 159,920, ...

Core Viewpoint - Tianbao Energy (01671) experienced a significant stock price increase, rising by 49% at one point and closing up 38.98% at HKD 0.82, with a trading volume of HKD 2.1682 million [1] Financial Performance - The company anticipates a revenue of approximately RMB 774 million for the fiscal year ending December 31, 2025, representing a decrease of about 6.1% compared to 2024 [1] - The expected net profit for the year is approximately RMB 11.54 million, reflecting a growth of about 1.1% compared to 2024 [1] - The profit attributable to equity shareholders is projected to be around RMB 8.36 million, which indicates a substantial increase of approximately 84.5% compared to 2024 [1] Factors Influencing Performance - The decline in coal procurement prices is expected to impact the steam segment's revenue slightly due to the coal-steam price linkage mechanism [1] - The successful expansion into energy storage and photovoltaic power station operations has contributed to profit growth in the new energy business segment [1] - The company is implementing cost reduction and efficiency enhancement policies to lower expenditure, which is expected to positively influence profit growth for equity shareholders in 2025 [1]

Core Viewpoint - Tianbao Energy (01671) experienced a significant stock price increase, rising by 49% at one point and closing up 38.98% at HKD 0.82, with a trading volume of HKD 2.1682 million [1] Financial Performance - The company anticipates a revenue of approximately RMB 774 million for the fiscal year ending December 31, 2025, representing a decrease of about 6.1% compared to 2024 [1] - The expected net profit for the year is approximately RMB 11.54 million, reflecting a growth of about 1.1% compared to 2024 [1] - Profit attributable to equity shareholders is projected to be around RMB 8.36 million, which indicates a substantial increase of approximately 84.5% compared to 2024 [1] Business Drivers - The decline in coal procurement prices is expected to slightly reduce revenue from the steam segment due to the coal-steam price linkage mechanism [1] - The successful expansion into energy storage and photovoltaic power station operations has contributed to profit growth in the new energy business segment [1] - The implementation of cost reduction and efficiency enhancement policies has further helped in lowering expenditure [1]

Core Viewpoint - Tianbao Energy (01671.HK) has issued a positive profit forecast, expecting significant growth in net profit for the fiscal year ending December 31, 2025, driven by various factors [2][3]. Financial Performance Summary - The company anticipates a net profit attributable to equity shareholders of approximately RMB 8.36 million for 2025, representing an increase of about 84.5% compared to 2024 [2][3]. - The expected annual profit is around RMB 11.54 million, reflecting a year-on-year growth of approximately 1.1% [2]. - Projected revenue is approximately RMB 774 million, showing a decline of about 6.1% year-on-year [2]. Factors Driving Performance - The decrease in coal procurement prices has positively impacted the company's cost structure, despite a slight decline in revenue from the steam segment due to the coal-steam price linkage mechanism [3]. - The expansion in the renewable energy sector, particularly in energy storage and photovoltaic power station operations, has contributed to profit growth in this segment [3]. - Continuous cost reduction and efficiency improvement measures have effectively compressed expenditure, leading to a significant increase in net profit attributable to equity shareholders [3]. Historical Context - In 2024, the company reported a net profit attributable to equity shareholders of approximately RMB 4.5 million, marking a substantial increase of about 1,644% compared to 2023, primarily due to the full-year operation of clean energy projects in the Lingang area and growth in off-site renewable energy generation [3]. - In the first half of 2025, the company had previously announced an interim profit forecast of approximately RMB 9.8 million, a significant rise from RMB 1.79 million in the same period of 2024, driven by energy-saving renovations in boiler and heat exchange stations and ongoing progress in renewable energy projects [3].