通宝能源：上半年净利润3.14亿元，同比增长24.87%

Core Viewpoint - Tongbao Energy (600780) reported a year-on-year increase in revenue and net profit for the first half of 2025, indicating improved operational efficiency and profitability [1] Financial Performance - The company achieved operating revenue of 5.561 billion yuan, representing a year-on-year growth of 5.65% [1] - The net profit attributable to shareholders reached 314 million yuan, showing a year-on-year increase of 24.87% [1] - Basic earnings per share were reported at 0.2741 yuan [1] Operational Factors - The increase in net profit is primarily attributed to enhanced fuel management by the company's thermal power enterprises, leading to a decrease in the comprehensive cost of fuel procurement [1] - The distribution enterprises benefited from increased sales volume due to capacity enhancements and expansions by certain energy companies in their regions [1] - The company's stake in coal enterprises also contributed to the overall increase in production, further boosting profitability [1]