Tianneng Battery Group Co.,Ltd.’s Net Profit Rose 17.6% in First Three Quarters 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 1.6 billion yuan in the first three quarters of 2023, up 17.6% year-on-year.

Meanwhile, the company posted 35.1 billion yuan in revenue, up 16.7% year-on-year.

At the end of the reporting period, it had 40.4 billion yuan in total assets and 25.3 billion yuan in total liabilities, with a liability-to-asset ratio of 62.6%.