May 06, 2022 08:00 AM

Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 2.7% in First Quarter of 2022

By Caixin Automation

Tianneng Battery Group Co.,Ltd. (天能电池集团股份有限公司) (688819.SH) reported a net profit of 425.1 million yuan in the first quarter of 2022, up 2.7% year-on-year.

Meanwhile, the company posted 8.5 billion yuan in revenue, up 17.3% year-on-year.

At the end of the reporting period, it had 28.7 billion yuan in total assets and 15.5 billion yuan in total liabilities, with a liability-to-asset ratio of 54.1%.

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