Tianjin Tianbao Energy Co., Ltd. Class H
HHKEX:16710.71
HKD
0.00
(0.00%)
Tianjin Tianbao Energy Co., Ltd. Class H
HKEX:1671
(Hong Kong Exchange)
Recent
price
0.71
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div
yld
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ROIC.AI
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- Business
- Tianjin Tianbao Energy Co., Ltd. is a China-based company principally engaged in the cogeneration of steam, electricity, heating, and cooling for industrial and commercial customers in the Tianjin Port Free Trade Zone. The company operates through three main segments: electricity dispatch and sale, which involves selling electricity purchased from the local State Grid branch along with related services; power generation and supply, encompassing the sale of self-generated electricity to State Grid, provision of steam, heating, cooling, and photovoltaic power generation primarily to customers in the Seaport and Lingang areas of Tianjin Port Free Trade Zone; and others, including construction and operation maintenance of industrial facilities as well as trading of electronic components. It serves end-users in various industries within the domestic market, focusing on integrated energy solutions that incorporate clean and renewable sources to support regional carbon neutrality goals. Founded in 1992 and headquartered at No. 35 Haibinba Road, Tianjin Port Free Trade Zone, Tianjin City, PRC, the company employs approximately 70 people and maintains key subsidiaries such as wholly-owned Tianjin Tianbao New Energy Co., Ltd., which handles comprehensive energy services, distributed photovoltaic power stations, and new energy development; Lingang Thermal Power, responsible for electricity, heat, and energy supply in the Grain and Oil Industrial Park; and non-wholly-owned Yangzhou Qingchang, focused on photovoltaic projects. Recent developments include the full commercial operation of the gas distributed energy station project at Lingang Thermal Power in 2023, marking the first rapid grid-connected gas-fired unit in Tianjin and surpassing the company's traditional coal-fired capacity with clean energy generation; completion of a 95% equity acquisition in Yangzhou Qingchang on December 28, 2023, adding 10.44MW of industrial and commercial distributed rooftop photovoltaic projects and enabling outward expansion beyond Tianjin; and accelerated new energy initiatives, such as self-developed 8.36MW photovoltaic capacity, an experimental energy storage project launched in June 2023, and ongoing equity acquisition negotiations for additional projects in 2024. In February 2025, the company entered a strategic cooperation agreement to enhance its operations, alongside efforts in comprehensive cost reductions through supplier negotiations, localized spare parts substitution, and innovative financing like intellectual property securitization; it also revised its Nomination Committee terms in September 2025 to strengthen governance. These moves support profitability improvements, with trailing twelve-month revenue of HKD 872.40 million and net income of HKD 13.82 million as of the latest data.