Core Viewpoint - Tianbao Energy (01671.HK) expects a decline in revenue for the fiscal year ending December 31, 2025, while projecting an increase in net profit and profit attributable to equity shareholders [1] Revenue and Profit Forecast - The company anticipates operating revenue of approximately RMB 773.85 million for 2025, representing a decrease of about 6.1% compared to 2024 [1] - Net profit is expected to be around RMB 11.54 million, reflecting a growth of approximately 1.1% year-on-year [1] - Profit attributable to equity shareholders is projected to be approximately RMB 8.36 million, showing a significant increase of about 84.5% compared to 2024 [1] Factors Influencing Performance - The decline in revenue is primarily attributed to a decrease in coal procurement prices, which affects the steam segment's income due to the coal steam price linkage mechanism [1] - The company has successfully expanded its new energy business, including energy storage and photovoltaic power station operations, contributing to profit growth in this segment [1] - Efforts to promote cost reduction and efficiency enhancement have further helped in lowering expenditure [1]
天保能源(01671.HK)盈喜：预计年度权益股东应占溢利同比增长约84.5%