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Tianneng Power International ( (HK:0819) ) has shared an announcement.
Tianneng Power International Limited announced its audited financial results for Tianneng Battery Group Co., Ltd. for the year ended December 31, 2024. The company reported a decrease in revenue by 5.67% and a significant drop in net profit by 32.54% compared to the previous year. Despite these declines, the total assets increased by 23.60%, and total equity attributable to equity owners rose by 3.03%. The announcement highlights the challenges faced by the company in maintaining profitability while expanding its asset base, suggesting potential implications for stakeholders in terms of strategic adjustments and market positioning.
More about Tianneng Power International
Tianneng Power International Limited, incorporated in the Cayman Islands, operates in the energy sector, focusing primarily on the production and sale of batteries through its subsidiary, Tianneng Battery Group Co., Ltd. The company is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange and is a significant player in the battery manufacturing industry.
YTD Price Performance: 1.53%
Technical Sentiment Signal: Sell
Current Market Cap: $1.16B
See more insights into 0819 stock on TipRanks’ Stock Analysis page.