Tibet Water Resources Ltd. announced unaudited consolidated earnings results for six months ended June 30, 2017. For the period, the company reported revenue of RMB 456,220,000, operating profit of RMB 193,032,000, profit before income tax of RMB 203,876,000, profit attributable to owners of the company of RMB 160,669,000 or 6.25 cents per basic and diluted share, net cash generated from operating activities of RMB 273,242,000, purchases of PP&E of RMB 11,672,000 compared to revenue of RMB 436,527,000, operating profit of RMB 198,161,000, profit before income tax of RMB 203,341,000, profit attributable to owners of the company of RMB 156,897,000 or 6.11 cents per basic and diluted share, net cash generated from operating activities of RMB 188,478,000, purchases of PP&E of RMB 6,028,000, for the same period a year ago. The group has continued to increase its total revenue in the first half of 2017 by 5% and increased its profit attributable to owners of the company in the first half of 2017 by 2%, in comparison with the first half of 2016, largely as a result of the increase in both revenue and profit from the company's water business segment.

The estimated average annual tax rate used for the year ending 31 December 2017 is about 9.7%.