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Tianneng Power International ( (HK:0819) ) has issued an update.
Tianneng Power International Limited has released its unaudited financial results for its subsidiary, Tianneng Battery Group Co., Ltd., for the year ending December 31, 2024. The results show a decline in revenue by 5.37% and a significant drop in net profit by 32.09% compared to the previous year. However, the total assets increased by 24.16%, indicating a potential for future growth. Stakeholders are advised to exercise caution as the information is unaudited and does not represent the full scope of the company’s operations.
More about Tianneng Power International
Tianneng Power International Limited, incorporated in the Cayman Islands, operates in the energy sector, focusing on the production and innovation of batteries. The company is a significant player in the market, with its subsidiary Tianneng Battery Group Co., Ltd. listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
YTD Price Performance: 1.94%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.19B
For a thorough assessment of 0819 stock, go to TipRanks’ Stock Analysis page.