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Brokerage morning meeting highlights: Focus on economic performance exceeding expectations or new catalysts in Technology, and emphasize structural opportunities in Technology and the pro-cyclical main line.
At today's Brokerage morning meeting, China Securities Co.,Ltd. suggested focusing on the economy exceeding expectations or new catalysts in Technology, emphasizing structural opportunities in Technology and pro-cyclical main lines; KSY Securities believes that the overall Hong Kong stock market has not yet entered a full bull market rally stage; HTSC stated that the overall lithium battery production scheduling in April has improved month-on-month, Bullish on the marginal continuous improvement of supply and demand in the Industry Chain.
Tianneng Power International's Profit Plunges 37% in 2024
Hong Kong stocks movement | TIANNENG POWER (00819) drops over 9% after earnings announcement, with a decline in gross profit from lead-acid and lithium battery Business, and year-on-year net profit decreased by 37%.
TIANNENG POWER (00819) fell over 9% after the announcement, as of the time of writing, it has dropped by 8.86% to 7.2 Hong Kong dollars, with a transaction amount of 51.0083 million Hong Kong dollars.
Tianneng Power Reports Decline in Profit Amid Asset Growth
TIANNENG POWER (00819.HK) reported a decrease in net profit of 37.29% to 1.142 billion yuan for the fiscal year 2024, with a final dividend of 17 Hong Kong cents.
On March 27, Glonghui reported that TIANNENG POWER (00819.HK) announced its annual performance. For the year ending December 31, 2024, revenue decreased by approximately 8.61% to about 76.669 billion yuan; the profit attributable to Shareholders dropped by about 37.29% to approximately 1.142 billion yuan; basic earnings per share reduced to about 1.01 yuan, and a final dividend of 17 Hong Kong cents per share is proposed. The group's gross profit decreased from about 5.965 billion yuan in 2023 to about 4.912 billion yuan in 2024, mainly due to the decline in gross profit from the lead-acid and lithium battery Business.
TIANNENG POWER: ANNUAL REPORT 2024
COWmustMoo OP : This one the debt equity ratio is very high, go under News - there is a write up on that, it din seems to use its debt very efficiently, near term debt coming to term. Be careful. May be a short term play by someone