Core Viewpoint - New Tian Green Energy demonstrates resilience in a complex market environment, with steady growth in total assets and net assets, stable profitability, and key advancements in its core wind power and natural gas segments [1] Financial Performance - In the first half of 2025, New Tian Green Energy achieved operating revenue of 10.904 billion yuan, with total profit of 2.045 billion yuan remaining stable year-on-year; net profit attributable to shareholders was 1.412 billion yuan, with a solid net profit of 1.397 billion yuan after excluding non-recurring gains and losses [2] - Basic earnings per share stood at 0.34 yuan, providing stable returns to investors [2] - As of the end of the reporting period, total assets reached 88.278 billion yuan, a 5.07% increase from the previous year; net assets attributable to shareholders increased by 9.57% to 23.768 billion yuan, enhancing capital strength [2] - The asset-liability ratio improved to 66.23%, down 1.5 percentage points from the previous year, indicating a more robust financial structure [2] Wind Power Business Growth - The wind power segment showed significant performance, with controlled wind farms generating 8.065 billion kWh, an 8.34% year-on-year increase; average utilization hours reached 1,238 hours, 23 hours more than the previous year and 148 hours above the national average [3] - The average availability rate of wind turbines remained high at 97.62%, showcasing industry-leading reliability [3] - New installed capacity in the wind power segment was 287.45 MW, bringing the total to 6,874.80 MW; ongoing projects are expected to support future generation increases [3] - The company deepened its national layout, adding 982 MW of approved wind power projects, with a total of 4,591.93 MW of effective approved but unconstructed projects [3] Natural Gas Segment Developments - The core Tangshan LNG project reached critical milestones, with significant progress in construction and completion of key facilities [4] - The company is innovating its operational model by launching new products and exploring tank leasing to enhance the utilization and profitability of its receiving stations [4] - The natural gas pipeline infrastructure is expanding, with ongoing projects enhancing the coverage and capacity of the distribution network [4] - In the first half of the year, the company added 23,667 new natural gas users, bringing the total to 745,828, while expanding market reach through cross-province sales [5]