Huan Qiu Lao Hu Cai Jing·2025-08-05 03:16Group 1 - The core point of the news is that Tibet Tianlu has sold 25 million shares of China Power Construction, realizing a transaction amount of 184 million yuan, which is 4.78% of the company's audited net assets attributable to shareholders for the last fiscal year [1] - The average transaction price for the shares sold by Tibet Tianlu is approximately 7.35 yuan per share, while the closing price on August 4 was only 6.46 yuan per share, indicating that the company sold at a relatively high price [1] - The net investment income from the sale of China Power Construction shares is estimated to be around 45.75 million yuan, accounting for 43.87% of the company's net profit attributable to shareholders for the last fiscal year [1] Group 2 - At the end of 2022, Tibet Tianlu signed a subscription agreement with China Power Construction to purchase approximately 66.77 million shares at a price of 6.44 yuan per share, totaling about 430 million yuan [2] - The financial outlook for Tibet Tianlu in 2024 is not optimistic, with projected revenue of 3.138 billion yuan, a year-on-year decline of 23.4%, and a net profit attributable to shareholders of -104 million yuan, marking three consecutive years of losses [2] - In the first quarter of 2025, Tibet Tianlu reported revenue of 339 million yuan, a year-on-year increase of 10.76%, but still recorded a net profit of -124 million yuan [2] - A positive signal was noted in the company's half-year performance forecast, indicating a reduced loss for the first half of 2025 compared to the first quarter [2] - Tibet Tianlu's stock price surged nearly doubling from July 21 to July 31, reaching 19.15 yuan per share, with a market capitalization of 25.4 billion yuan, driven by significant investments in the Yarlung Tsangpo River downstream hydropower project [2]