Chang Jiang Shang Bao·2025-08-05 06:02Core Viewpoint - The company, Tibet Tianlu (600326.SH), is facing continuous losses in its main business and has decided to reduce its holdings in China Power Construction (601669.SH) to recover some funds [1][3]. Group 1: Stock Sale Details - Tibet Tianlu announced the sale of 25 million shares of China Power Construction, generating a total transaction amount of 184 million yuan, which accounts for 4.78% of the company's audited net assets for the last fiscal year [1]. - After the sale, Tibet Tianlu retains 41.77 million shares of China Power Construction [1]. - The net investment gain from this sale, after deducting costs and related transaction taxes, is approximately 45.75 million yuan, impacting the company's net profit by the same amount, which represents 43.87% of the last fiscal year's net profit [1]. Group 2: Financial Performance - Tibet Tianlu's main business includes engineering contracting, cement production and sales, asphalt production and sales, and mineral processing and sales [3]. - The company reported revenues of 3.845 billion yuan, 4.097 billion yuan, and 3.13 billion yuan from 2022 to 2024, with net losses of 498 million yuan, 532 million yuan, and 104 million yuan during the same period [3]. - The forecast for the first half of 2025 indicates a projected net loss of between 77 million yuan and 115 million yuan, representing an increase in losses of 14.38% to 70.83% [3]. - The company expects a decrease in net losses for the same period, with a projected loss of 45 million yuan to 83 million yuan, which is a year-on-year reduction of 23.25% to 58.39% [3]. - Over the past three and a half years, Tibet Tianlu's cumulative net losses are estimated to exceed 1.211 billion yuan [4].