Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 40.2% in First Quarter of 2023

Tianneng Battery Group Co.,Ltd. (天能电池集团股份有限公司) (688819.SH) reported a net profit of 596 million yuan in the first quarter of 2023, up 40.2% year-on-year.

Meanwhile, the company posted 10.8 billion yuan in revenue, up 26.2% year-on-year.

At the end of the reporting period, it had 38.8 billion yuan in total assets and 24.1 billion yuan in total liabilities, with a liability-to-asset ratio of 62.1%.