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.
Tianneng Battery Group Co LtdCompany forecasts first-half net profit to drop 65-69% due to squeezed margins and reduced other income.
