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Tianneng Power International ( (HK:0819) ) has provided an update.
Tianneng Power International Limited announced its unaudited financial results for Tianneng Battery Group Co., Ltd. for the first quarter of 2025, revealing a 9.76% increase in revenue compared to the same period in 2024, reaching RMB 10,238,532,000. However, the net profit attributable to equity owners decreased by 16.34% to RMB 420,373,000. The company’s total assets grew by 6.35% to RMB 47,098,071,000, while total equity attributable to equity owners increased by 2.52%. This financial update highlights the company’s revenue growth despite a decline in net profit, suggesting potential challenges in profitability.
More about Tianneng Power International
Tianneng Power International Limited is a company incorporated in the Cayman Islands, primarily engaged in the battery industry. It controls approximately 86.53% of Tianneng Battery Group Co., Ltd., which is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
YTD Price Performance: 1.53%
Technical Sentiment Signal: Sell
Current Market Cap: $937.8M
For an in-depth examination of 0819 stock, go to TipRanks’ Stock Analysis page.