Tianjin Tianbao Energy Co., Ltd. Class H (1671) AI Stock Analysis

• Market Cap: HK$87.96M
• Dividend Yield: 2.27%
• Average Volume (3M): 13.67K
• Price to Earnings (P/E): 6.5
• Beta (1Y): 0.13
• Revenue Growth: -1.46%
• EPS Growth: 834.07%
• Country: HK
• Employees: 70
• Sector: Utilities
• Sector Strength: 65
• Industry: Independent Power Producers
• EPS (TTM): 0.07
• Shares Outstanding: 159,920,910
• 10 Day Avg. Volume: 8,200
• 30 Day Avg. Volume: 13,666
• PEG Ratio: <0.01
• Price to Book (P/B): 0.19
• Price to Sales (P/S): 0.07
• P/FCF Ratio: 1.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 52 Neutral
• Price Target: HK$0.56 ▼(-14.46% Downside)

The score is held back primarily by weak cash generation (negative free cash flow and zero operating cash flow) and elevated leverage, alongside bearish technical momentum (below major moving averages, negative MACD, very low RSI). These are partially offset by a low P/E and a moderate dividend yield.

Positive Factors

Stable contracted revenue (PPAs & subsidies)

Long-term PPAs and government subsidies create predictable, contract-backed cash inflows and de-risk merchant exposure. Structurally, these revenue supports improve project bankability, enable long-horizon planning, and stabilize income for capital allocation over the next several months.

Improving gross margins

Sequential gross margin improvement indicates better cost control or higher-margin generation mix. Sustained margin expansion increases operating leverage on revenue, enhancing the company’s ability to turn top-line growth into lasting profitability and fund reinvestment over time.

Strategic renewable positioning

A clear focus on wind and solar aligns the company with structural energy transition trends and policy support. That positioning improves access to subsidies, long-term demand growth, and strategic partnerships, offering durable growth opportunities versus pure thermal peers.

Negative Factors

Weak cash generation

Negative free cash flow and zero operating cash flow materially limit the firm’s ability to self-fund capex, service debt, or maintain distributions. Persisting cash-generation weakness forces reliance on external financing and increases liquidity and refinancing risk over the medium term.

Elevated leverage

A debt-to-equity ratio near 1.4 represents materially elevated leverage for an IPP, raising interest burden and reducing financial flexibility. In a rising-rate or weaker cash-flow environment, this structural leverage elevates default and refinancing risks and constrains strategic options.

Very thin profitability and low ROE

Extremely low net margins and sub-2% ROE show limited ability to convert revenues into shareholder returns. Persistently thin profitability reduces internal funding for growth, makes dividends and capital expenditure dependent on external capital, and weakens long-term shareholder value creation.

Tianjin Tianbao Energy Co., Ltd. Class H Business Overview & Revenue Model

Company Description

Tianjin Tianbao Energy Co., Ltd. generates and supplies power in the People's Republic of China. The company operates through three segments: Electricity Dispatch and Sale, Power Generation and Supply, and Other. It generates and supplies steam, heating, and cooling to industrial and commercial customers; and purchases, dispatches, and sells electricity. The company also provides power facility construction, and industrial facilities operation and maintenance; and trades in electrical components, as well as engages in photovoltaic power generation and selling. It operates two back-pressure cogeneration units with a total installed capacity of 30 megawatts. Tianjin Tianbao Energy Co., Ltd. was formerly known as Tianjin Port Free Trade Zone Tianbao Power Company. The company was founded in 1992 and is headquartered in Tianjin, the People's Republic of China. Tianjin Tianbao Energy Co., Ltd. is a subsidiary of Tianjin Tianbao Holdings Limited.

How the Company Makes Money

Tianjin Tianbao Energy generates revenue through multiple streams, primarily by producing and selling electricity generated from both renewable and non-renewable sources. The company enters into long-term power purchase agreements (PPAs) with various industrial and commercial clients, ensuring a steady income flow. Additionally, Tianbao Energy benefits from government subsidies and incentives for renewable energy projects, which bolster its profitability. Strategic partnerships with other energy firms and local governments also enhance its operational capabilities and market reach, contributing significantly to its earnings.

Tianjin Tianbao Energy Co., Ltd. Class H Financial Statement Overview

Summary

Income statement shows modest revenue growth (+4.98% YoY) and improving gross margin (5.31% to 7.18%), but profitability remains very thin (net margin 0.55%) and ROE is low (1.43%). Balance sheet leverage is elevated (debt-to-equity 1.38), and cash flow is a major weakness with negative free cash flow and zero operating cash flow in 2024.

Income Statement

The company has demonstrated consistent revenue growth over the years, with a revenue increase from 2023 to 2024 of 4.98%. Gross profit margins have improved, rising from 5.31% in 2023 to 7.18% in 2024, indicating better cost management. However, net profit margins remain low, improving slightly from 0.03% to 0.55%, suggesting tight profitability. The EBIT and EBITDA margins are also relatively modest, indicating room for operational efficiency improvements.

Balance Sheet

The company has a relatively high debt-to-equity ratio of 1.38, indicating reliance on debt financing, which could pose risks in fluctuating interest rate environments. The equity ratio stands at 29.54%, showing a moderate level of equity financing. ROE is a low 1.43%, reflecting limited returns on shareholder investment. Overall, the balance sheet suggests caution with leverage levels.

Cash Flow

The cash flow situation is concerning, with free cash flow being negative and no operating cash flow in 2024. The lack of positive free cash flow growth signifies potential liquidity challenges. Operating cash flow to net income and free cash flow to net income ratios are not assessable due to zero and negative values, indicating weak cash generation relative to earnings.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	607.76M	824.05M	785.00M	713.59M	617.37M	482.07M
Gross Profit	48.43M	59.19M	41.69M	34.52M	6.14M	74.62M
EBITDA	59.77M	77.39M	64.28M	79.61M	66.29M	87.11M
Net Income	7.69M	4.53M	258.00K	7.88M	431.00K	17.51M
Balance Sheet
Total Assets	1.02B	1.07B	1.09B	1.06B	873.55M	810.31M
Cash, Cash Equivalents and Short-Term Investments	113.91M	128.79M	144.31M	153.31M	186.14M	126.92M
Total Debt	377.47M	435.88M	451.70M	328.90M	299.74M	196.84M
Total Liabilities	541.19M	605.13M	630.30M	598.95M	461.33M	391.68M
Stockholders Equity	324.00M	316.35M	311.81M	315.39M	307.12M	314.68M
Cash Flow
Free Cash Flow	35.02M	36.43M	-109.63M	-116.79M	68.29M	73.82M
Operating Cash Flow	39.28M	67.46M	-35.34M	36.95M	72.25M	104.13M
Investing Cash Flow	-4.05M	-44.51M	-74.28M	-123.74M	-2.36M	-78.28M
Financing Cash Flow	-45.41M	-38.66M	100.45M	52.78M	-10.26M	-31.56M

Tianjin Tianbao Energy Co., Ltd. Class H Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 0.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1671, the sentiment is Negative. The current price of 0.65 is above the 20-day moving average (MA) of 0.56, above the 50-day MA of 0.62, and below the 200-day MA of 0.74, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 39.91 is Neutral, neither overbought nor oversold. The STOCH value of 79.37 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:1671.

Tianjin Tianbao Energy Co., Ltd. Class H Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1853	70 Outperform	HK$896.06M	14.34	5.03%	4.60%	7.52%	-60.01%
1811	69 Neutral	HK$11.28B	6.35	13.41%	4.29%	-6.80%	-10.25%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
0090	58 Neutral	HK$522.80M	13.77	4.04%	1.05%	16.01%	-53.67%
1671	52 Neutral	HK$87.96M	6.47	3.93%	2.27%	-1.46%	834.07%
1265	45 Neutral	HK$323.72M	-5.68	-3.93%	―	-11.42%	65.17%
1257	44 Neutral	HK$1.90B	-5.16	-3.42%	3.08%	-3.25%	12.59%

Tianjin Tianbao Energy Co., Ltd. Class H Corporate Events

Tianjin Tianbao Energy Confirms New Board Line-up at 2026 Extraordinary Meeting

Tianjin Tianbao Energy Co., Ltd. held its first extraordinary general meeting of 2026 on 16 January in Tianjin, with shareholders representing about 72.29% of the company’s issued share capital attending, confirming the meeting’s legality and compliance with PRC company law, Hong Kong listing rules and the company’s articles of association. All resolutions put forward were passed by poll with 100% of votes cast in favour, leading to the election of the full slate of candidates for the fourth session of the board—comprising executive, non-executive and independent non-executive directors—and reinforcing existing leadership by re-electing the board chairman and general manager, a move that signals continuity in corporate governance and strategic direction for stakeholders.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$0.65 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.

Tianjin Tianbao Energy Sets Out Board and Committee Structure

Tianjin Tianbao Energy Co., Ltd. has announced the current composition of its board of directors, led by Chairman and executive director Zhou Shanzhong, alongside a mix of executive, non-executive, and independent non-executive directors. The company has also detailed the membership and leadership of its three key board committees—Audit, Remuneration and Nomination—assigning committee chair roles to directors including Chan Wai Dune for Audit, Zhang Huan for Remuneration, and Zhou Shanzhong for Nomination, with Yang Wei serving on all three, underscoring the firm’s corporate governance structure and oversight framework as of January 16, 2026.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$0.65 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.

Tianjin Tianbao Energy Secures Top AAA Credit Rating in Tianjin Power Market

Tianjin Tianbao Energy Co., Ltd. announced that it has received the highest AAA credit rating in Tianjin’s electricity sales industry from the Tianjin Power Exchange Center, reflecting its strong financial position, solid compliance system, and strong market reputation. The rating, which places the company among just 13 electricity sales firms in Tianjin to attain AAA status, underscores its recognised capabilities in market-based trading, contract performance and risk management, and reinforces its strategy of expanding new energy electricity sales, deepening its green energy layout and positioning itself as a nationally renowned comprehensive energy service provider.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$0.64 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.

Tianjin Tianbao Energy Calls January 2026 EGM to Elect New Board and Set Director Pay

Tianjin Tianbao Energy Co., Ltd., an energy company incorporated in the PRC and listed in Hong Kong, operates within the Tianjin Pilot Free Trade Zone and focuses on energy-related businesses serving both domestic and international investors through its H-share listing. The company has convened its first extraordinary general meeting of 2026 for 16 January in Tianjin, where shareholders will vote on the election of nine directors—covering executive, non-executive, and independent non-executive roles—for the fourth session of the board, as well as on the remuneration package for that board, a step that will shape the group’s governance structure and oversight for the coming term and is therefore significant for shareholders’ influence and corporate direction.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$0.64 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.

Tianjin Tianbao Energy Proposes New Three-Year Board Line-Up for Fourth Session

Tianjin Tianbao Energy Co., Ltd. has nominated a new slate of directors for its fourth board session, including the reappointment of six existing directors and the addition of three new candidates, spanning executive, non-executive and independent non-executive roles. The proposed appointments, which will be put to shareholders at the first extraordinary general meeting in 2026 for a three-year term, will also see the departure of three current directors who have indicated no disagreement with the board, underscoring an orderly board transition aimed at refreshing governance while maintaining continuity in oversight and compliance with Hong Kong listing requirements.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$0.64 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.