Core Viewpoint - Tianyuan Environmental Protection has officially changed its name to Wuhan Tianyuan Group Co., Ltd. to align with its strategic upgrade and dual business focus on "environmental protection + energy" [1] Group 1: Company Name Change and Strategic Focus - The company has changed its Chinese name to "Wuhan Tianyuan Group Co., Ltd." and its stock abbreviation to "Wuhan Tianyuan" to reflect its evolving business model [1] - This name change is intended to support the company's strategic planning and operational development needs due to changes in its main business [1] Group 2: Financial Performance - For the first quarter of 2025, the company reported revenue of 311 million yuan, a year-on-year increase of 28.05% [1] - The net profit attributable to shareholders reached 50.24 million yuan, up 88.61% year-on-year, while the net profit excluding non-recurring items was 49.42 million yuan, reflecting a 94.79% increase [1] - The growth in performance is attributed to the operational commencement of investments in waste incineration power generation and wastewater treatment projects, leading to increased operational revenue [1] Group 3: Share Buyback Plan - Wuhan Tianyuan has initiated a share buyback plan with a total fund of no less than 100 million yuan and not exceeding 200 million yuan, with a buyback price capped at 25.43 yuan per share [1][2] - The funding for the buyback will come from the company's own funds and a special loan from Shanghai Pudong Development Bank, which will provide up to 180 million yuan [2] - The buyback reflects the management and major shareholders' confidence in the company's intrinsic value and sustainable future development [2]
天源环保更名武汉天源 双主业驱动首季净利增88.61%