Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 42.4% in First Half 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 1 billion yuan in the first half of 2023, up 42.4% year-on-year.

Meanwhile, the company posted 21.6 billion yuan in revenue, up 25.1% year-on-year.

At the end of the reporting period, it had 37.4 billion yuan in total assets and 22.9 billion yuan in total liabilities, with a liability-to-asset ratio of 61.2%.