Xinjiang Tianfu Energy (SH:600509) Zheng Quan Zhi Xing·2025-08-11 16:26Overview - The company, Xinjiang Tianfu Energy Co., Ltd., has announced a capital increase for its wholly-owned subsidiary, Xinjiang Tianfu Green Energy Photovoltaic Power Co., Ltd., and a capital reduction for another wholly-owned subsidiary, Xinjiang Tianfu Energy Sales Co., Ltd. [1][2] Capital Increase and Reduction Details - The capital increase for Tianfu Green Energy involves converting a debt of 550 million RMB into equity, raising its registered capital from 10 million RMB to 560 million RMB [1][2] - The capital reduction for Tianfu Energy Sales involves a total reduction of 940 million RMB, which includes a decrease in registered capital by 626.67 million RMB and a reduction in capital reserves by 313.33 million RMB, resulting in a new registered capital of 222.64 million RMB [1][2] Subsidiary Information Tianfu Green Energy - Established on March 4, 2022, with a registered capital of 10 million RMB, located in Shihezi, Xinjiang [2] - Main business includes solar power generation technology services, energy storage technology services, and photovoltaic equipment leasing [2] Tianfu Energy Sales - Established on July 7, 2016, with a registered capital of 849.30 million RMB, also located in Shihezi, Xinjiang [2] - Engages in electricity purchase and sales, thermal power generation, and energy technology consulting [2] Financial Performance Tianfu Green Energy - Total assets as of June 30, 2025, were 1,689.88 million RMB, with total liabilities of 1,681.18 million RMB and total equity of 87.04 million RMB [4] - Revenue for the first half of 2025 was 52.66 million RMB, with a net loss of 4.83 million RMB [5] Tianfu Energy Sales - Total assets as of June 30, 2025, were 1,461.03 million RMB, with total liabilities of 134.14 million RMB and total equity of 1,326.89 million RMB [4] - Revenue for the first half of 2025 was 535.24 million RMB, with a net profit of 71.57 million RMB [5] Strategic Implications - The capital increase and reduction are part of the company's strategic plan to optimize its capital structure, with no significant impact on the operations of either subsidiary or the overall company [1][2][6]