Tbea Says 2024 Net Profit Down 61.4% Y/Y

Tbea Co Ltd 600089:

• SAYS 2024 NET PROFIT DOWN 61.4% Y/Y

• SAYS Q1 NET PROFIT DOWN 19.7% Y/Y

• SAYS UNIT PLANS TO INVEST IN PHOTOVOLTAIC POWER GENERATION PROJECT WORTH 1.5 BILLION YUAN ($205.79 million)

($1 = 7.2890 Chinese yuan renminbi)