Recently, the reporter has been informed from Tianjin T&B Holding Co., Ltd. that in the first half of the year, T&B Holding has closely focused on the primary task of high-quality development, and made balanced efforts in the two fields of main traditional business and market-oriented new business, and has constantly expanded main business base with improved development quality and efficiency, and new achievements have been made in all key tasks. In the first half of the year, T&B Holding has achieved revenue of RMB 9.373 billion, a year-on-year increase of 54%, achieving the objective of "double-half", a satisfactory performance of the first half of the year.

T&B Holding has earnestly studied, publicized and implemented the spirit of the 20th National Congress of the Communist Party of China, firmly and unswervingly adhered to the "Refined Foundation Work, Standardized Daily Work, Intensified Key Work, Planned Emergency Work” in a down-to-earth and steady manner. According to the report of each subsidiary, 155 new market-oriented projects have been carried out in the first half of the year, with a total operating income of RMB 2.62 billion and a profit of RMB 57.526 million. A total of 32,600 square meters of assets have been vitalized and reused, with a corresponding profit of RMB 353 million. The Company has continued to promote cost reduction and efficiency improvement, the energy companies have has jointly implemented winter consumption by summer storage, thereby saving more than RMB 11 million in two batches of raw coal procurement.

In the first half of this year, T&B Holding has been adhering to the entire Group and the entire region, strengthening macro planning and micro coordination, constantly innovating financing concepts and methods, fully leveraging all kinds of financial "toolboxs" and product "kits", actively seizing the national policy opportunities, interfacing with financial institutions, and deeply exploring the existing various assets, resources and capital potentials. Upon obtaining the AAA rating by Golden Credit Rating in 2017, it has once again obtained the AAA Entity Credit Rating by CSCI Pengyuan. T&B Holding has formulated a total wage determination mechanism consistent with the market trend and the actual situation of the Group at the present stage, continuously deepened the precise assessment and differentiated distribution, highlighted the profit orientation principle, and motivated the entrepreneurial spirit of staff with the market mechanism. Furthermore, adhering to the concept of "Talent Leading and Driving", the Group has increased the election of outstanding managerial personnel and the introduction of external talents, and enhance the "Source Power" of enterprise development with high-quality and professional talents.

Greatest difficulties and opportunities lie in the midway. In the second half of the year, T&B Holdings will adhere to the concept of "Party Building Leading and Joint Construction", further strengthen confidence, endeavor to forge ahead, solidly implement the "Ten Initiatives" of Tianjin, especially the deployment requirements of the high-quality development support and leading initiative of Binhai New Area, accurately grasp the pulse of the industry, proactively seize policy opportunities, strive to promote the new and greater achievements of various undertakings, spare no efforts in promoting the successful completion of the annual objectives and tasks, and continuously make greater contributions to the creation of a new situation for the comprehensive construction of a modern socialist metropolis and the construction of a beautiful "Binhai New Area" in the new era.