Tianneng Power International (0819) AI Stock Analysis

• Market Cap: HK$7.57B
• Dividend Yield: 2.51%
• Average Volume (3M): 8.25M
• Price to Earnings (P/E): 6.1
• Beta (1Y): 0.68
• Revenue Growth: -10.37%
• EPS Growth: -38.54%
• Country: HK
• Employees: 20,676
• Sector: Consumer Cyclical
• Sector Strength: 73
• Industry: Auto - Parts
• EPS (TTM): 0.21
• Shares Outstanding: 1,126,124,500
• 10 Day Avg. Volume: 8,574,431
• 30 Day Avg. Volume: 8,247,969
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: HK$6.99
• Price Target Upside: 3.96% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 59 Neutral
• Price Target: HK$7.00 ▲(4.17% Upside)

The overall stock score reflects a mix of challenges and opportunities. Financial performance indicates potential risks in revenue and liquidity, while technical analysis suggests a lack of strong market momentum. However, valuation metrics imply the stock may be undervalued, offering potential upside if operational issues are addressed.

Tianneng Power International Business Overview & Revenue Model

Company Description

Tianneng Power International (0819) is a leading enterprise in the renewable energy sector, primarily engaged in the production and distribution of high-quality batteries. The company specializes in manufacturing a wide range of batteries used for electric vehicles, energy storage systems, and special-purpose applications. With a strong focus on innovation and sustainability, Tianneng Power is committed to advancing green energy solutions and supporting the global transition towards cleaner energy sources.

How the Company Makes Money

Tianneng Power International generates revenue primarily through the sale of its battery products. The company's core revenue streams include the production and sale of lead-acid batteries and lithium-ion batteries, which are supplied to manufacturers of electric vehicles, including e-bikes, as well as to companies in need of energy storage solutions. Additionally, Tianneng benefits from strategic partnerships and collaborations with technological and automotive companies, enhancing its market reach and technological capabilities. The company's earnings are also supported by its commitment to research and development, which enables it to innovate and maintain a competitive edge in the rapidly evolving battery technology market.

Tianneng Power International Financial Statement Overview

Summary

The company faces challenges with declining revenue and negative free cash flow, indicating potential operational and liquidity issues. Despite improvements in net profit margin, rising leverage poses financial risks.

Income Statement

The income statement reveals a decline in revenue from 2023 to 2024, suggesting challenges in sustaining sales growth. The gross profit margin decreased slightly, indicating potential cost pressures or pricing challenges. Notably, the net profit margin improved, suggesting better cost management or operational efficiency. Absence of EBIT indicates limited operational profitability assessment.

Balance Sheet

The balance sheet indicates a strong equity base, with stockholders' equity growing annually. However, an increasing debt-to-equity ratio points to rising leverage, which could pose future financial risks. The equity ratio shows a stable proportion of equity financing, reflecting financial stability. Despite these strengths, the rising total debt over recent periods warrants attention.

Cash Flow

Cash flow analysis highlights a significant challenge with negative free cash flow, indicating potential liquidity issues. Operating cash flow is substantially lower than net income, suggesting issues with cash conversion. The free cash flow to net income ratio underscores cash flow constraints, although financing activities have been supportive.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	76.67B	83.89B	74.60B	85.62B	53.53B
Gross Profit	4.91B	5.96B	6.37B	4.62B	5.49B
EBITDA	3.55B	2.03B	2.77B	1.59B	2.99B
Net Income	1.14B	1.82B	1.80B	1.30B	2.48B
Balance Sheet
Total Assets	55.28B	46.75B	40.14B	32.74B	23.20B
Cash, Cash Equivalents and Short-Term Investments	11.05B	10.25B	9.13B	11.28B	7.10B
Total Debt	18.55B	9.08B	6.21B	4.31B	1.66B
Total Liabilities	36.37B	28.31B	22.97B	17.36B	13.74B
Stockholders Equity	16.16B	15.86B	14.44B	12.98B	8.75B
Cash Flow
Free Cash Flow	-1.95B	-1.39B	-1.33B	76.11M	959.12M
Operating Cash Flow	549.16M	2.33B	1.59B	2.10B	2.10B
Investing Cash Flow	-8.46B	-3.58B	-4.21B	-4.95B	-1.10B
Financing Cash Flow	7.60B	3.16B	1.47B	7.08B	-700.55M

Tianneng Power International Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 6.72
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 6.72 is below the 20-day moving average (MA) of 6.92, above the 50-day MA of 6.49, and below the 200-day MA of 6.86, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 20.66 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
1571	82 Outperform	HK$3.99B	6.53	16.20%	7.54%	1.42%	-8.76%
1809	74 Outperform	HK$4.83B	3.39	21.97%	8.59%	8.48%	25.41%
0951	70 Neutral	HK$1.57B	4.99	4.62%	3.12%	22.79%	-19.19%
2025	67 Neutral	HK$3.22B	153.82	1.95%	0.49%	30.75%	63.75%
1148	61 Neutral	HK$301.32M	7.28	2.17%	4.16%	12.21%	-9.01%
0819	59 Neutral	HK$7.57B	6.11	7.12%	2.51%	-10.37%	-38.54%
Sector *	56 Neutral	HK$25.31B	4.75	-2.69%	5.60%	-0.46%	-53.17%

Tianneng Power International Corporate Events

Tianneng Power to Broaden Financing Channels with Bond Issuance

Tianneng Power International Limited has announced plans to broaden its financing channels by issuing corporate bonds and targeted debt financing instruments through its subsidiaries in China. Tianneng Share, an 86.53%-owned subsidiary, will apply for the issuance of corporate bonds worth up to RMB2 billion, while Tianneng Holding, a wholly-owned subsidiary, will issue targeted debt financing instruments of the same amount. These financial moves are aimed at optimizing the company’s financing structure and enhancing its market positioning, although the issuance may not proceed as planned.

Tianneng Power International Updates Nomination Committee Terms

Tianneng Power International Limited has amended and re-adopted the terms of reference for its Nomination Committee, effective from July 1, 2025. The committee, primarily composed of independent non-executive directors, is tasked with ensuring board diversity, evaluating board performance, and assisting in succession planning. This move is aimed at aligning the board’s composition with the company’s corporate strategy and enhancing its governance framework, which is expected to positively impact its operational effectiveness and stakeholder confidence.

Tianneng Power Clarifies Strategic Cooperation Framework Agreements

Tianneng Power International Limited announced a voluntary clarification regarding its Strategic Cooperation Framework Agreements with various banks. The company intends to engage in business cooperation involving the purchase or subscription of investment products and services. This move is expected to potentially impact the company’s operations by constituting notifiable transactions under the Listing Rules, which will be monitored and complied with as necessary.

Tianneng Power Enters Strategic Agreements with Eight Banks

Tianneng Power International Limited, through its subsidiary Tianneng Holding, has entered into Strategic Cooperation Framework Agreements with eight banks to enhance business cooperation regarding investment products and services. These agreements, each lasting three years, allow Tianneng Holding to engage in transactions with a maximum daily investment balance of RMB700 million per bank. The agreements are considered discloseable transactions under Hong Kong’s Listing Rules, requiring notification and reporting due to their financial significance.

Tianneng Power Successfully Passes All Resolutions at AGM

Tianneng Power International Limited announced the successful passing of all resolutions at its Annual General Meeting held on May 16, 2025. Key resolutions included the approval of audited financial statements, the declaration of a final dividend, re-election of independent non-executive directors, and the reappointment of Deloitte Touche Tohmatsu as auditors. Additionally, the board was authorized to manage director remuneration and granted mandates to issue and repurchase shares. These decisions are expected to strengthen the company’s governance and operational capabilities, potentially enhancing shareholder value and market positioning.

Tianneng Power Secures Shareholder Approval for Key Supply Agreement

Tianneng Power International Limited announced that its shareholders have approved the Purchase Transactions under the 2025-2027 Mutual Supply Agreement at an extraordinary general meeting held on 16 May 2025. The resolution was passed with 100% of the votes in favor, excluding those who were required to abstain due to material interests in the agreement. This approval allows the company to proceed with the planned transactions, potentially impacting its operational strategies and stakeholder engagements positively.