Energy Transition & Power Demand▲
Tianhao Energy first-half revenue 1.407 billion yuan, main business volume and profit both up
Tianhao Energy released its 2026 semi-annual report. In the first half, it achieved operating revenue of 1.407 billion yuan, up 2.54% year on year, and net profit attributable to the parent of 71.9996 million yuan, up 4.33% year on year. The company's gas segment saw both volume and profit increase. Natural gas supply and pipeline transportation operations achieved operating revenue of 1.345 billion yuan, up 3.22% year on year, accounting for 95.63% of total revenue. Gas sales volume reached 503 million cubic meters, up 5.47% year on year. The membrane business improved profit quality, achieving operating revenue of 40.6955 million yuan and gross profit of 15.4449 million yuan, up 4.30% year on year. The company also issued a plan in July 2026 to acquire 100% equity in Tianhao New Energy. The target company operates nine biomass cogeneration projects in Henan, Hebei, Fujian, Shaanxi and other regions, with total installed capacity ranking among the industry leaders.