Tianneng Power International Limited (HK:0819)
:0819
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Tianneng Power International
(0819)
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Rating:58Neutral
Price Target:
HK$6.50
▼(-12.04% Downside)
Action:Reiterated
Date:05/07/26
Overall score reflects a strong valuation (low P/E with a moderate dividend) offset by weak technical momentum and only mixed financial quality—especially higher leverage and thin margins despite improved 2025 cash flow.
Positive Factors
Improved Cash Generation
Sharp improvement in operating and free cash flow in 2025, with FCF covering ~71% of net income, indicates the company can fund a meaningful portion of operations and investment internally. This bolsters liquidity and the ability to service debt, improving financial durability versus prior years.
Negative Factors
Elevated and Rising Leverage
Debt-to-equity rising to ~1.37 by 2025 represents a material increase in leverage from earlier periods, reducing balance-sheet flexibility. Higher leverage raises interest-cost sensitivity, constrains capacity for capital spending or working-capital buffers, and elevates refinancing and liquidity risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
Sharp improvement in operating and free cash flow in 2025, with FCF covering ~71% of net income, indicates the company can fund a meaningful portion of operations and investment internally. This bolsters liquidity and the ability to service debt, improving financial durability versus prior years.
Read all positive factors
Tianneng Power International (0819) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$6.85B
Dividend Yield2.39%
Average Volume (3M)9.40M
Price to Earnings (P/E)5.0
Beta (1Y)0.92
Revenue Growth-29.74%
EPS Growth25.67%
CountryHK
Employees20,676
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)1.28
Shares Outstanding1,126,124,500
10 Day Avg. Volume10,431,088
30 Day Avg. Volume9,401,369
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.41
Price to Sales (P/S)0.13
P/FCF Ratio1.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$8.50Price Target Upside15.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.76
Revenue Forecast (FY)HK$55.46B
Tianneng Power International Business Overview & Revenue Model
Company Description
Tianneng Power International Limited, an investment holding company, engages in the production of motive batteries in the People's Republic of China and internationally. It operates in two segments, Sales of Batteries and Battery Related Accessori...
How the Company Makes Money
The company primarily makes money by manufacturing and selling batteries and related products to downstream customers, with revenue recognized from product sales (typically tied to shipment/delivery under customer contracts). Key revenue streams i...
Tianneng Power International Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
47
Neutral
Cash Flow
55
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 53.80B | 76.67B | 83.89B | 74.60B | 85.62B |
| Gross Profit | 5.27B | 4.91B | 5.96B | 6.37B | 4.62B |
| EBITDA | 1.91B | 3.55B | 2.03B | 2.77B | 1.59B |
| Net Income | 1.44B | 1.14B | 1.82B | 1.80B | 1.30B |
Balance Sheet | |||||
| Total Assets | 55.16B | 55.28B | 46.75B | 40.14B | 32.74B |
| Cash, Cash Equivalents and Short-Term Investments | 18.42B | 11.05B | 10.25B | 9.13B | 11.28B |
| Total Debt | 23.78B | 18.55B | 9.08B | 6.21B | 4.31B |
| Total Liabilities | 33.36B | 36.37B | 28.31B | 22.97B | 17.36B |
| Stockholders Equity | 17.31B | 16.16B | 15.86B | 14.44B | 12.98B |
Cash Flow | |||||
| Free Cash Flow | 3.68B | -1.95B | -1.39B | -1.33B | 76.11M |
| Operating Cash Flow | 5.19B | 549.16M | 2.33B | 1.59B | 2.10B |
| Investing Cash Flow | -1.07B | -8.46B | -3.58B | -4.21B | -4.95B |
| Financing Cash Flow | -5.44B | 7.60B | 3.16B | 1.47B | 7.08B |
Tianneng Power International Technical Analysis
Negative
7.39
Price Trends
7.12
Negative
7.23
Negative
7.58
Negative
Market Momentum
-0.37
Positive
37.34
Neutral
24.99
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0819, the sentiment is Negative. The current price of 7.39 is above the 20-day moving average (MA) of 6.79, above the 50-day MA of 7.12, and below the 200-day MA of 7.58, indicating a bearish trend. The MACD of -0.37 indicates Positive momentum. The RSI at 37.34 is Neutral, neither overbought nor oversold. The STOCH value of 24.99 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0819.
Tianneng Power International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
64 Neutral | HK$23.66B | 9.20 | 9.88% | 2.03% | -3.02% | 11.38% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
59 Neutral | HK$1.81B | 3.79 | 4.54% | 3.09% | 8.08% | 24.56% | |
58 Neutral | HK$6.85B | 4.99 | 8.37% | 2.39% | -29.74% | 25.67% | |
58 Neutral | HK$36.69B | 50.06 | 6.21% | ― | 37.04% | ― | |
50 Neutral | HK$302.60M | 18.28 | 1.91% | 3.18% | -22.67% | -47.68% | |
47 Neutral | HK$6.89B | 367.53 | 2.32% | 0.19% | 15.97% | 19.85% |
* Consumer Cyclical Sector Average
HK:0819
Tianneng Power International
6.08
-0.14
-2.25%
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Tianneng Power International Corporate Events
Tianneng Subsidiary Raises RMB1 Billion in Oversubscribed Tech Innovation Bond
May 6, 2026
Tianneng Power International said its subsidiary Tianneng Battery Group has completed the first tranche issuance of its 2026 publicly offered technology innovation corporate bonds to professional investors in China. The bonds, issued on the Shangh...
Tianneng Power Subsidiary Reports Sharp Profit Drop on Slight Revenue Decline
Apr 29, 2026
Tianneng Power International has disclosed unaudited first-quarter 2026 financial data for its core subsidiary Tianneng Battery Group, which is prepared under PRC accounting standards and covers only that unit and its controlled subsidiaries. The ...
Tianneng Power Lifts Profit and Dividend Despite Revenue Slump in 2025
Mar 27, 2026
Tianneng Power International reported a sharp 29.83% decline in overall revenue to RMB53.8 billion for 2025, driven by lower group-level sales, even as its core manufacturing business grew 10.01% to RMB47.9 billion. Despite the revenue drop, impro...
Tianneng Power Declares Final 2025 Dividend of HKD 0.36 per Share
Mar 27, 2026
Tianneng Power International has proposed a final ordinary dividend of HKD 0.36 per share for the financial year ended 31 December 2025, subject to shareholder approval at a meeting scheduled for 8 June 2026. The ex-dividend date is set for 11 Jun...
Tianneng Power Subsidiary Tianneng Battery Posts Modest 2025 Profit Growth
Mar 27, 2026
Tianneng Power International has disclosed the audited 2025 financial figures of its key subsidiary Tianneng Battery Group, showing modest growth in revenue and profitability. Revenue at Tianneng Battery Group rose 1.67% year on year to RMB45.79 b...
Tianneng Subsidiary Raises RMB500 Million via Green Technology Bonds
Mar 16, 2026
Tianneng Power International has announced that its indirect wholly owned subsidiary, Tianneng Holding Group, has issued Tranche 1 of its 2026 Targeted Green Technology Innovation Bonds in China. The bonds, rated AA+ and placed with selected insti...
Tianneng Power Schedules Board Meeting to Approve 2025 Results and Consider Dividend
Mar 16, 2026
Tianneng Power International has scheduled a board meeting for 27 March 2026 to review and approve the audited final results for the financial year ended 31 December 2025 and to finalize the accompanying results announcement and annual report for ...
Tianneng Power Reports Steady 2025 Growth at Core Battery Subsidiary
Feb 27, 2026
Tianneng Power International released key unaudited 2025 financial data for its majority-controlled subsidiary Tianneng Battery Group, showing modest growth in revenue and profits. Revenue rose 1.67% year-on-year to RMB 457.9 billion (in units of ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.