TIANBAO ENERGY (01671) Announces Profit Growth; Expected shareholder profit for the year 2025 is approximately 8.36 million yuan, an increase of about 84.5% year-on-year.

TIANBAO ENERGY (01671) announced that it is expected to achieve operating income of approximately RMB 774 million for the year ending December 31, 2025 (comparative period), a decrease of about 6.1% compared to the same period in 2024; net profit for the year is expected to be approximately RMB 115.4 million, an increase of about 1.1% compared to 2024; the net profit attributable to equity shareholders of the Company is expected to be approximately RMB 83.6 million, an increase of about 84.5% compared to 2024. The main reasons for this are: the decrease in coal purchase prices in 2025, as a result of the coal steam price linkage mechanism, leading to a slight decrease in the steam segment revenue of the Group; successful expansion of energy storage, photovoltaic power plant operation and other new energy businesses, driving profit growth in the new energy business segment; further promotion of cost reduction and efficiency improvement policies to reduce costs. Under the combined impact of these factors, the net profit attributable to equity shareholders of the Company is expected to increase in 2025.