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Revenue fell 51.53% year-over-year to RMB24.2 billion due to a sharp drop in trading, while manufacturing remained stable. Lead-acid batteries drove core earnings, with new energy and recycling segments showing growth. Gearing improved and liquidity remains strong.
Original document: Tianneng Power International Limited [819] Interim report — Aug. 28 2025
Revenue fell 51.53% year-over-year to RMB24,192 million due to a sharp drop in trading business, while manufacturing remained stable. Net profit declined to RMB922.5 million, and no interim dividend was declared. The group is focusing on new energy technologies, global expansion, and circular economy initiatives.
Original document: Tianneng Power International Limited [819] Earnings Release — Aug. 28 2025
Revenue declined 8.6% to RMB76.7 billion and net profit dropped 37.3% to RMB1.14 billion in 2024, driven by lower margins and higher costs. The group advanced global expansion, battery recycling, and new product launches, while proposing a final dividend of HK17 cents per share.
Original document: Tianneng Power International Limited [819] Annual Report — Mar. 27 2025
Revenue and profit declined year-over-year, with gross margin and net profit margin both decreasing. The company advanced its innovation, recycling, and internationalization strategies, while increasing capital expenditure and gearing. A final dividend is proposed.
Original document: Tianneng Power International Limited [819] Earnings Release — Mar. 27 2025
Revenue rose 20.36% year-over-year to RMB49,915 million, driven by trading growth, while gross profit and margin declined due to higher costs. The company expanded internationally, invested in R&D and recycling, and maintained a strong cash position, but faced increased liabilities and a lower operating cash flow.
Original document: Tianneng Power International Limited [819] Interim report — Aug. 28 2024
Revenue grew 20.36% year-over-year to RMB49,915 million, but gross profit fell 16.08% due to higher costs. Trading revenue surged, while manufacturing declined slightly. The company is investing in R&D and international expansion, with a focus on batteries and recycling.
Original document: Tianneng Power International Limited [819] Earnings Release — Aug. 28 2024
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