Tianneng Power Reports Sharp 67.62% Drop in Interim Net Profit for Its Subsidiary

Stock News08-26

Tianneng Power International Co., Ltd. (00819) has released the interim financial results for its subsidiary, Tianneng Battery Group Co., Ltd. (688819), covering the six-month period ending June 30, 2026.

According to the report, the company achieved revenue of RMB 22.325 billion, reflecting a year-on-year increase of 6.73%. However, net profit attributable to owners of Tianneng Battery Group stood at RMB 281 million, marking a significant decline of 67.62% compared to the same period last year.

The sharp contraction in profitability comes despite the revenue growth, highlighting margin pressures or rising operational costs faced by the battery manufacturer during the reporting period.

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(00819)</b> has released the interim financial results for its subsidiary, <b>Tianneng Battery Group Co., Ltd. (688819)</b>, covering the six-month period ending June 30, 2026.<br><br>According to the report, the company achieved revenue of RMB 22.325 billion, reflecting a year-on-year increase of 6.73%. 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(00819) has released the interim financial results for its subsidiary, Tianneng Battery Group Co., Ltd. (688819), covering the six-month period ending June 30,...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"688819":"天能股份","BK1540":"电池","BK1144":"机动车零配件与设备","00819":"天能动力","BK0224":"电气机械"},"translate_title":"天能电力报告子公司中期净利润大幅下降67.62%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"688819":1,"00819":1},"content_text":"Tianneng Power International Co., Ltd. (00819) has released the interim financial results for its subsidiary, Tianneng Battery Group Co., Ltd. (688819), covering the six-month period ending June 30, 2026.According to the report, the company achieved revenue of RMB 22.325 billion, reflecting a year-on-year increase of 6.73%. 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