Core Viewpoint - Tianhao Energy is a leading comprehensive energy service company in China, established in 2007 and listed in 2012, with a focus on natural gas, water services, and energy conservation [1] Group 1: Business Overview - Tianhao Energy's main business segments include natural gas supply and pipeline operation, membrane product research and sales, and waste heat power generation contract energy management [1] - The company operates in the public utility sector, specifically in gas and energy conservation, with involvement in natural gas, waste heat power generation, shale gas, and nuclear power concepts [1] Group 2: Financial Performance - For Q3 2025, Tianhao Energy reported revenue of 1.941 billion yuan, ranking 20th in the industry, significantly lower than the top competitor, Xin'ao Group, which had 95.856 billion yuan [2] - The company's net profit for the same period was 95.839 million yuan, ranking 18th in the industry, again trailing behind Xin'ao Group's 7.057 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, Tianhao Energy's debt-to-asset ratio was 43.27%, improved from 48.96% year-on-year and lower than the industry average of 46.36%, indicating enhanced solvency [3] - The company's gross profit margin for Q3 2025 was 16.90%, up from 12.61% year-on-year and above the industry average of 16.52%, reflecting improved profitability [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.53% to 28,900, while the average number of circulating A-shares held per shareholder increased by 0.53% to 28,700 [5]

Group 1 - Tianhao Energy's stock price increased by 8.85% on October 20, with a trading volume of 714 million yuan [1] - The financing buy-in amount for Tianhao Energy on the same day was 89.54 million yuan, while the financing repayment was 78.18 million yuan, resulting in a net financing buy-in of 11.37 million yuan [1] - As of October 20, the total balance of margin trading for Tianhao Energy was 365 million yuan, which accounts for 6.11% of its market capitalization [1] Group 2 - As of June 30, the number of shareholders for Tianhao Energy was 29,100, an increase of 15.49% compared to the previous period [2] - The average circulating shares per person decreased by 13.41% to 28,541 shares [2] - For the first half of 2025, Tianhao Energy reported operating revenue of 1.372 billion yuan, a year-on-year decrease of 32.15%, and a net profit attributable to shareholders of 69.01 million yuan, also down by 32.08% [2] Group 3 - Since its A-share listing, Tianhao Energy has distributed a total of 344 million yuan in dividends, with 122 million yuan distributed over the past three years [3]

Group 1: Company Performance - Tianhao Energy's stock price decreased by 1.78% on October 15, with a trading volume of 244 million yuan [1] - For the first half of 2025, Tianhao Energy reported revenue of 1.372 billion yuan, a year-on-year decrease of 32.15%, and a net profit attributable to shareholders of 69.01 million yuan, also down by 32.08% [2] Group 2: Financing and Shareholder Information - On October 15, Tianhao Energy had a net financing purchase of 9.89 million yuan, with a total financing balance of 373 million yuan, representing 7.09% of its market capitalization [1] - The number of shareholders increased by 15.49% to 29,100 as of June 30, while the average number of circulating shares per person decreased by 13.41% to 28,541 shares [2] Group 3: Business Segments - Tianhao Energy's main business segments include natural gas supply and pipeline operation (95.00% of revenue), membrane product sales (3.22%), and other services (1.78%) [1]