TBEA reports strong Q3 2025 performance, profits jump 93.87%

TBEA Co., Ltd. reported a substantial increase in its third-quarter 2025 profits, with total profit rising by 93.87% to CNY 291,622.62 and net profit attributable to shareholders increasing by 81.51% to CNY 230,040.67 compared to the same period last year. This growth was primarily driven by fair value changes in financial assets and liabilities. The company's total assets also expanded by 7.91% to CNY 224,401,315,345.88.

In its power generation segment, TBEA's total installed capacity reached 9,286.45 MW by the end of September 2025. During the first three quarters of 2025, the company generated a total of 2,213,738.20 thousand kWh, marking a 22.86% increase year-on-year. This included 1,564,483.55 thousand kWh from coal power, 508,788.33 thousand kWh from wind power, and 140,466.32 thousand kWh from photovoltaic sources.

The company's financial results also reflect a change in its consolidated scope due to the acquisition of equity from a subsidiary of its largest shareholder, Xinjiang TBEA Group Co., Ltd., necessitating a retrospective adjustment of prior-period financial data.