Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 33.2% in First Three Quarters of 2022

Tianneng Battery Group Co.,Ltd. (天能电池集团股份有限公司) (688819.SH) reported a net profit of 1.4 billion yuan in the first three quarters of 2022, up 33.2% year-on-year.

Meanwhile, the company posted 30 billion yuan in revenue, up 12.3% year-on-year.

At the end of the reporting period, it had 34.5 billion yuan in total assets and 20.9 billion yuan in total liabilities, with a liability-to-asset ratio of 60.6%.