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TianNeng Holdings: Solid State Batteries have been delivered in small batches to manufacturers in the Drone field, and a lead Rechargeable Battery factory in Vietnam is planned to be established next year | Directly covering the Earnings Conference.
① In the view of Chairman Zhang Tianren, the Southeast Asian region is a market with significant growth potential. The company has established localized offices in seven countries and signed contracts with about 30 overseas Dealers; ② In terms of Solid State Battery, the company is collaborating with downstream manufacturers in the electric bicycle sector to conduct product testing and verification.
Is Tianneng Battery Group (SHSE:688819) Using Too Much Debt?
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 Battery Group Co., Ltd.'s (SHSE:688819) Earnings Are Not Doing Enough For Some Investors
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