Core Viewpoint - Shanxi Tongbao Energy Co., Ltd. reported a significant increase in revenue and profit for the first half of 2025, driven by improved fuel management and increased electricity sales [2][7]. Financial Performance - The company's operating revenue for the first half of 2025 was approximately CNY 5.56 billion, a year-on-year increase of 5.65% compared to CNY 5.26 billion in the same period last year [2]. - Total profit reached approximately CNY 398.84 million, marking a 25.87% increase from CNY 316.88 million in the previous year [2]. - Net profit attributable to shareholders was approximately CNY 314.20 million, up 24.87% from CNY 251.63 million [2]. - Basic earnings per share increased to CNY 0.2741, a rise of 24.87% compared to CNY 0.2195 [2]. Industry Overview - As of June 2025, the national installed power generation capacity reached 570 million kilowatts, a year-on-year increase of 22.7% [3]. - National electricity consumption for the first half of 2025 was approximately 4.84 trillion kilowatt-hours, reflecting a growth of 3.7% [4]. - The total power generation in Shanxi Province for the first half of 2025 was approximately 214.73 billion kilowatt-hours, showing a slight decline of 0.8% year-on-year [5]. Business Operations - The company continues to focus on thermal power generation and distribution, with no significant changes in its main business operations [6]. - The company has implemented a strategy of integrating coal power with renewable energy, focusing on the development of wind and solar projects [8]. - The company completed a total electricity sales volume of approximately 10.12 billion kilowatt-hours during the first half of 2025 [7]. Investment and Development - The company is actively developing clean energy projects, including a 50MW wind power project that has achieved full-capacity grid connection [8]. - The company has increased its investment in construction projects, with a 38.46% rise in ongoing projects compared to the previous period [10].