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The layout of hydrogen energy and sodium electric has not shown results. Tian Energy's revenue in the first half of the year has slightly increased, with lead rechargeable battery business still dominating.
Lead-acid batteries are the main source of revenue for the company. The company has reduced capital expenditures in the lithium battery field but increased investment in energy storage. During the reporting period, it invested in and established multiple energy storage enterprises. In the first half of the year, overseas sales increased by 34.57% year-on-year. In terms of progress, the Vietnam assembly plant officially completed trial production in July, with an initial production capacity plan of producing 10 million lead-acid batteries per year. The trend of lead prices may affect the company's business costs.
Tianneng Battery Group Co., Ltd. 2024 Semi-Annual Report
Summary of the 2024 semi-annual report of Tianneng Battery Group Co., Ltd.
Tian Neng Co., Ltd. (688819.SH) released its semi-annual performance with a net income of 1.194 billion yuan, a year-on-year growth of 9.32%.
Tian Neng Co. Ltd. (688819.SH) released its semi-annual report for the year 2024, reporting a revenue of 216...
Tian Neng Co., Ltd. (688819.SH): The net income in the first half of the year was 1.194 billion yuan, an increase of 9.32% compared to the same period last year.
Tianeng Shares (688819.SH) announced its semi-annual report for 2024, reporting a revenue of 21.622 billion yuan, a year-on-year increase of 0.30%; a net income attributable to shareholders of listed companies of 1.194 billion yuan, a year-on-year increase of 9.32%; a net income attributable to shareholders of listed companies after deducting non-recurring gains and losses of 0.751 billion yuan, a year-on-year decrease of 17.30%; and a basic earnings per share of 1.23 yuan.
Express News | Tianneng Battery H1 Net Profit up 9.3% Y/Y
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