Sou Hu Cai Jing·2025-08-06 00:22Core Viewpoint - Tibet Tianlu announced a significant equity disposal transaction involving the sale of 25 million shares of China Power Construction Corporation for a total transaction amount of 184 million yuan, resulting in a net investment gain of approximately 45.75 million yuan after costs and taxes [1][2]. Group 1: Equity Disposal Transaction - The equity disposal was executed through a centralized bidding trading system, with the total transaction amount reaching 184 million yuan [1]. - After the sale, Tibet Tianlu retains 41.77 million shares of China Power Construction [1]. - The net investment gain from this transaction is estimated to impact the current net profit by approximately 45.75 million yuan, accounting for 43.87% of the company's audited net profit attributable to shareholders for the most recent fiscal year [2]. Group 2: Investment Background and Financial Impact - Tibet Tianlu's investment in China Power Construction dates back to a non-public issuance project in 2022, where the latter aimed to raise up to 14.963 billion yuan for various projects [2]. - In January 2023, Tibet Tianlu subscribed to approximately 6.677 million shares at a price of 6.44 yuan per share, totaling around 430 million yuan [2]. - The investment gain from the equity disposal is expected to significantly influence the company's financial performance for the current period [2]. Group 3: Company Performance and Market Position - Established in March 1999 and listed in January 2001, Tibet Tianlu operates in engineering contracting, cement production, and mineral processing, holding a significant market position in Tibet [3]. - The company has experienced considerable revenue and net profit fluctuations, with three years of year-on-year declines from 2020 to 2024 [3]. - In Q1 2025, revenue increased by 10.76% to 339 million yuan, but the company reported a net loss of 124 million yuan, indicating a "revenue growth without profit" situation [3]. - The stock price surged over 100% in the month leading up to July 2025, driven by the booming infrastructure sector [3].