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Weak Statutory Earnings May Not Tell The Whole Story For Tianneng Battery Group (SHSE:688819)
Hong Kong stocks | tianneng power (00819) plummeted 12% due to the combined impact of rising raw material prices and declining sales volume, with affiliated Tianneng Shares seeing a 56% decline in net profit in the third quarter.
tianneng power (00819) plummeted by 12%, as of the report, falling by 10.66%, closing at 6.45 Hong Kong dollars, with a turnover of 38.0972 million Hong Kong dollars.
Tianneng Battery Group Co., Ltd. Third Quarter Report 2024
Raw material prices rise, sales decrease. TianNeng Company's Q3 net profit halved year-on-year.
①Regarding the decline in performance, TBEA Co., Ltd. explained that the sharp rise in raw material prices in the first half of the year combined with a decrease in sales volume in the third quarter led to the decline; ②This year, the price of lead has experienced a roller coaster market. Industry analysts predict that the lead price will overall maintain a fluctuating trend.
Tianneng Power (00819): Tianneng Shares (688819.SH) net income attributable to parent company for the first three quarters was 1.464 billion yuan, a decrease of 14.45% year-on-year.
Tianneng Power (00819) announced that Tianneng Battery Group Co., Ltd. (Tianneng Battery) as of September 3, 2024...
Express News | Tianneng Battery Q3 Net Profit Down 56.4% Y/Y
Tianneng Battery Group Co., Ltd.'s (SHSE:688819) Earnings Are Not Doing Enough For Some InvestorsNo Data
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