Tianneng Battery Group Co Ltd

Tianneng Co., Ltd. released its 2026 interim report. The company's total operating revenue was 22.325 billion yuan, and net profit attributable to the parent company was 281 million yuan, a decrease of 67.62% compared with the same period last year. Net cash flow from operating activities was negative 626 million yuan, down 144.22% year-on-year. The company's asset-liability ratio was 69.70%, gross margin was 12.68%, ROE was 1.67%, and diluted earnings per share was 0.29 yuan. The number of shareholders was 19,100, and the top ten shareholders held 87.67% of the total share capital.

Tianneng Battery has issued its interim results forecast, expecting first-half net profit to be between 270 million and 300 million yuan, a year-on-year decline of 65.46% to 68.92%. The company's profit margins are being squeezed by multiple factors. Geopolitical disruptions have driven upstream raw materials such as sulfuric acid to remain at high prices, while downstream industry competition has intensified and end-consumer demand recovery has fallen short of expectations, putting downward pressure on gross margins in the main business. At the same time, policy adjustments such as the additional value-added tax deduction for advanced manufacturing enterprises have led to a year-on-year reduction in other income, further narrowing the overall profit range.