Core Viewpoint - Tianbao Energy (01671) anticipates a revenue of approximately RMB 774 million for the fiscal year ending December 31, 2025, representing a decline of about 6.1% compared to 2024. However, net profit is expected to increase by approximately 1.1% to RMB 11.54 million, while profit attributable to equity shareholders is projected to rise by 84.5% to RMB 8.36 million. The primary reasons for these changes include a decrease in coal procurement prices, successful expansion into renewable energy sectors, and cost reduction initiatives [1]. Revenue and Profit Forecast - The expected revenue for the fiscal year 2025 is approximately RMB 774 million, a decrease of about 6.1% compared to 2024 [1] - The anticipated net profit for the year is around RMB 11.54 million, reflecting a growth of approximately 1.1% from 2024 [1] - Profit attributable to equity shareholders is projected to be about RMB 8.36 million, marking an increase of 84.5% compared to the previous year [1] Factors Influencing Financial Performance - The decline in revenue is primarily attributed to lower coal procurement prices, which have affected the steam segment's income due to the coal steam price linkage mechanism [1] - The company has successfully expanded its renewable energy business, including energy storage and photovoltaic power station operations, contributing to profit growth in this segment [1] - Ongoing cost reduction and efficiency improvement policies have been implemented to lower overall expenditure [1]
天保能源发盈喜 预期2025年度股东应占溢利约836万元 同比增长约84.5%