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Tianneng Power International
(0819)
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Rating:58Neutral
Price Target:
HK$5.00
▼(-32.34% 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 2025 cash generation
A sharp improvement in operating cash flow and free cash flow in 2025, with FCF covering ~71% of net income, materially strengthens internal funding. This enhances the firm's ability to fund working capital, maintenance capex, and near-term deleveraging without relying solely on external financing.
Negative Factors
Elevated leverage (debt-to-equity ~1.37)
A materially higher debt-to-equity (~1.37 in 2025) reduces financial flexibility and raises interest and refinancing risk. Elevated leverage constrains the firm's ability to invest, smooth working-capital cycles, or absorb demand shocks without adding costly external financing or cutting discretionary spending.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved 2025 cash generation
A sharp improvement in operating cash flow and free cash flow in 2025, with FCF covering ~71% of net income, materially strengthens internal funding. This enhances the firm's ability to fund working capital, maintenance capex, and near-term deleveraging without relying solely on external financing.
Read all positive factors
Tianneng Power International (0819) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$5.32B
Dividend Yield2.39%
Average Volume (3M)9.40M
Price to Earnings (P/E)3.2
Beta (1Y)0.93
Revenue Growth-29.74%
EPS Growth25.67%
CountryHK
Employees20,698
SectorConsumer Cyclical
Sector Strength84
IndustryElectrical Equipment & 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 research, development, manufacture, and sale of power batteries for electric vehicle market in the People's Republic of China and internationally. It operates in t...
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
5.79
Negative
6.34
Negative
6.89
Negative
Market Momentum
-0.29
Positive
24.97
Positive
10.36
Positive
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 5.14, above the 50-day MA of 5.79, and above the 200-day MA of 6.89, indicating a bearish trend. The MACD of -0.29 indicates Positive momentum. The RSI at 24.97 is Positive, neither overbought nor oversold. The STOCH value of 10.36 is Positive, 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$17.92B | 6.90 | 12.24% | 2.03% | 0.22% | -23.29% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | HK$5.32B | 3.19 | 8.37% | 2.39% | -29.74% | 25.67% | |
58 Neutral | HK$31.55B | 42.93 | 5.57% | ― | 37.04% | ― | |
54 Neutral | HK$1.42B | 3.38 | 4.54% | 3.09% | 8.08% | 24.56% | |
53 Neutral | HK$10.96B | 407.05 | 2.33% | 0.19% | 15.97% | 19.85% | |
50 Neutral | HK$291.06M | 12.42 | 1.91% | 3.18% | -22.67% | -47.68% |
* Consumer Cyclical Sector Average
HK:0819
Tianneng Power International
4.72
-1.17
-19.82%
HK:0951
Chaowei Power Holdings
1.29
<0.01
0.55%
HK:0179
Johnson Electric Holdings
19.41
-1.69
-8.03%
HK:1148
Xinchen China Power Holdings Ltd.
0.23
0.03
13.50%
HK:2025
Ruifeng Power Group Co., Ltd.
13.70
9.67
239.95%
HK:0666
Rept Battero Energy Company Ltd Class H
13.50
2.08
18.21%
Tianneng Power International Corporate Events
Tianneng Battery Subsidiary Raises RMB340 Million in Low-Cost Tech Innovation Bond
Jun 25, 2026
Tianneng Battery Group, the Shanghai-listed subsidiary of Tianneng Power International, has completed a new tranche of onshore corporate bonds aimed at funding its technology innovation initiatives and strengthening its capital structure. The issu...
Tianneng Power Wins Full Shareholder Backing at 2026 AGM
Jun 8, 2026
Tianneng Power International reported that all resolutions at its 8 June 2026 annual general meeting were approved by shareholders via poll, including receipt of the 2025 audited financial statements and the declaration of a final dividend, unders...
Tianneng Power Sets 2026 AGM to Approve Dividend, Board Mandates and Share Issue Authority
May 14, 2026
Tianneng Power International has called its annual general meeting for 8 June 2026 in Changxing County, Zhejiang, where shareholders will review the audited financial statements for the year ended 31 December 2025 and vote on a proposed final divi...
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 ...
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.