Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 38.8% in 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 1.8 billion yuan in 2022, up 38.8% year-on-year.

Meanwhile, the company posted 41.9 billion yuan in revenue, up 8.2% year-on-year.

At the end of the reporting period, it had 32.4 billion yuan in total assets and 18.3 billion yuan in total liabilities, with a liability-to-asset ratio of 56.5%.