T.B Infrastructure(SZ:000965)2025-05-23 04:44Group 1: Company Performance and Financials - The company reported a profit contribution of 10.26 million CNY from its 60% stake in Tianjin Zhongtian Aviation Industry Investment Co., which indirectly holds shares in Airbus (Tianjin) Assembly Co. for the year 2024 [1] - The company's Q1 revenue was 170 million CNY, with a net profit of approximately 100 million CNY, attributed mainly to the reversal of land value-added tax [2] - The company anticipates that the Airbus A320 series project will commence production in September 2025 [2] Group 2: Business Strategy and Development - The company is focused on enhancing its core real estate development business while also expanding into industrial park development and operations [2] - The strategic direction includes a dual business model of "Future Community + Themed Park," aiming to innovate profit models through comprehensive service offerings [3] - The company plans to launch the Tianbao Yijing Yuanqi project, covering approximately 175,900 square meters, with a low density design [3] Group 3: Market Position and Future Outlook - The company is not currently involved in urban renewal projects but is monitoring relevant policies to adapt to market changes [2] - The company emphasizes the importance of value management and has disclosed a "Valuation Enhancement Plan" to address its stock price being below net asset value [1] - The company is committed to ensuring stable operations in its real estate business despite potential regulatory changes regarding pre-sale systems [3]