Tianneng Power International Limited (the”Businesstogether with its subsidiaries, jointly described as the”Groupor”Tianneng), (Stock Code: 00819. HK) launches its interim report for the six-month duration ended 30 June 2025.
In the very first half of 2025, sticking to the Group’s vision of Strategic Guidance and Reformation Breakthrough, Tianneng collaborated the three-wheeled method of Industry, Technology, and Capital. While strengthening the core proficiency of the lead-acid battery company, the Group likewise sped up the growth of abroad markets, launched the Group’s built-up capacity in new-energy battery, deepened the vertical building of the battery recycle system, and drove the diversity of items and sustainability.
Within the reporting duration, the Group made a tactical pivot to decrease the trade organization, accomplished RMB 21.168 billion in profits for the production organization, which was steady compared to the very same duration in 2024, representing roughly 87.5% of the overall profits within the sector. In regards to the trade service, the Group recognized a total earnings of RMB 30.24 billion, which represented an 89.47% decline from the exact same duration of 2024. Within The production sector, the high-end environment-friendly battery company stayed steady, offering a durable financial backing for the Group. The emerging services experienced considerable development, amongst which the Li-ion battery service accomplished an earnings of RMB 0.501 billion, representing a 174.58% development from the very same duration of 2024. Within the reporting duration, the Group attained a gross revenue of RMB 2.537 billion, which is steady compared to the very same duration of 2024. In regards to running capital, the Group attained RMB 0.891 billion of net inflow, compared to a net outflow of RMB 0.162 billion in the very same duration of in 2015. In general, in the very first half of 2025, Tianneng showed strong strength, developmental momentum, and tactical dedication in a complicated external environment.
Internationalisation Accelerated, Overseas Expansion Bore Fruits
International growth is an important fulcrum of the Group in enhancing international competitiveness and attaining incremental leaps. In the very first half of 2025, the abroad organization experienced exceptional development with constant favorable feedback, attaining an earnings of RMB 0.226 billion, representing a 75.39% development from the very same duration of 2024.
Within the reporting duration, assisted by regional needs, the Group accelerated its abroad growth with worldwide commercial resources, and established functional groups in nations such as Thailand, Vietnam, and Turkey while establishing a sales network in significant locations consisting of the Asia-Pacific, Europe, North America, the Middle-East and Africa. In addition, the Group’s production base in Vietnam is being built in an organized way while the capability of the assembly base is robustly launched, preparing for future advancements in the area. The Group has actually established personalized items based upon particular regional needs and stressed structure localised functional groups, while advancing its “Overseas Service” method, and methodically built localised requirements. With these advancements, the Group had the ability to optimise its worldwide supply chain and release future development capacities.
Core Business Stable and Resilient, with Promising Growth Momentum
Within the reporting duration, the Group pursued a course of “Stability and Growth Duality” under an intricate external environment and commercial structure re-balancing. The high-end environment-friendly battery organization showed durability, accomplishing an income of RMB 18.292 billion, supplying the essential monetary stability for the Group. The high-end environment-friendly batteries are sealed, maintenance-less lead-acid batteries developed with the Group’s development in style and production, extremely adjusting to the needs of the light electrical lorry market, with their expense and efficiency supremacy, are likewise commonly made use of in numerous fields, consisting of backup power materials, vehicle batteries, and special-purpose commercial power batteries.
The Group strengthened its proficiencies in the core organization, updated its smart production abilities, enhanced the functional management system, combined its sales network, drove item quality and thorough market competitiveness development, and strengthened the durability of lead-acid batteries in a complicated market environment. Within the reporting duration, the Group had the ability to efficiently update its production performance and supply-chain durability through using smart production systems and devices innovation upgrades, while showing reliable lead to expense management. Through the development of battery innovations and item upgrades, the Group built a separated item matrix targeting significant fields of use such as light electrical lorries, information centres, vehicle start-stop batteries, and commercial power batteries, driving a service system upgrade with user worth at its core, and naturally combined the conventional sales network with an ingenious digital community.
Strengthening the Diversity of Technological Road-maps and Accelerating New Business Growth
In the very first half of 2025, the Group dedicated to the advancement of new-energy organizations, consisting of Li-ion batteries, solid-state batteries, hydrogen fuel cells, and sodium-ion batteries, and methodically drove ingenious advancements, smart production upgrades, user-scenario extensions, and promoted brand-new service development. The Group’s Li-ion batteries service primarily targets power storage and low-speed power. Within the reporting duration, the Group’s power storage and low-speed power service accomplished significant enhancements both in regards to quality and amount. Particular markets, such as commercial batteries and car A/C batteries, likewise saw enhancements in market volume. In general, the capability utilisation of the Group’s new-energy service was considerably improved, with impressive enhancements in functional performance and earnings, RMB 0.501 billion, a 174.58% boost from the very same duration of 2024.
The Group’s solid-state battery likewise accomplished periodic success within the 3 measurements of high energy density, cycle durability, and high-rate efficiency. The Group likewise formed tactical cooperations with market leaders in the two-wheeled lorry market and performed service screening with partners targeting the low-altitude flying lorry market. The Group continued its financial investment in hydrogen fuel-cells with a full-chain R&D system and a professional group, with sophisticated items, started checking in user-scenarios such as two-wheeled lorries, public transport, heavy trucks, and special-purpose equipment, and teamed up with upstream and downstream partners in building an application environment. The Group likewise led the advancement and application of sodium-ion battery innovation, and performed experiments for essential metrics such as low-temperature and cycle durability screening for circumstances such as power storage and car start-stop battery in a consistent way. Through the multi-roadmap technique, and the “innovation development – user situation confirmation – service shipment” procedure, the Group’s new-energy service development is slowly and progressively moving from private confirmation to chain-release, securely supporting business momentum.
Enhancing the Recycling System and Fortifying Industrial Collaboration
The battery market is at the core of the Group’s organization, which methodically built a full-life market chain of production, recycling, and reusing, forming a two-railed market system of lead-acid battery and Li-ion battery, attaining effective recycling. Within the reporting duration, the recycling organization of the Group accomplished an earnings of RMB 1.8 billion, a 15.82% boost compared to the exact same duration of 2024.
As a leader in the recycling market in China, the Group is continually constructing a reliable recycling network with front-end reach and back-end performance, promoting the performance of waste battery recycling empowered by the collective effort of companies at scale, and accomplishing a top-of-industry recycling ratio of essential products. Within the reporting duration, the Group continued to boost the granularity and accuracy of the recycling procedure from recycling, processing, and reusing, enhance the separating system for Li-ion battery recycling, and enhance the resource synergies at core areas and user situations. Through continuous expedition of technological prospective and system efficiency optimisation, the Group had the ability to slowly attain scale benefit and financial worth of the recycling system, injecting constant momentum for the market.
Looking forward, Tianneng will drive commercial upgrades through technological development, empower effective operation through digitisation, reconstruct the value-chain system through eco-friendly partnership, and look for development through internationalisation. The Group will strengthen its proficiencies in the lead-acid market, speed up the research study, application, and market growth procedure of brand-new energy batteries such as Li-ion battery and solid-state battery. The Group will enhance its abilities in battery recycling, boost the collective performance of industry-chain combination while accelerating its growth into abroad markets and optimising localised operation, from item to service, and turn into a new-energy battery business that is competitive with an international vision. The Group will promote the merging in between its business worths and social worths with a development state of mind and develop a brand-new paradigm of sustainable and premium development.
About Tianneng Power International Limited
Tianneng Power International Limited and its subsidiaries (jointly described as “Tianneng” or the “Company”), established in 1986 and headquartered in China, has actually become a leading business in the brand-new energy battery and the light electrical car battery market with a detailed production system and technological benefit. Tianneng was noted on the Main Board of The Stock Exchange of Hong Kong Limited (Stock Code: 00819. HK) in 2007. After almost 4 years of advancement, Tianneng has actually developed lead-acid batteries as its core company, concentrating on the marketplace of intention batteries for light electrical cars, while broadening its item in vehicle start-stop systems, backup power for interaction base stations and other varied circumstances. The Company is likewise advancing the R&D, production and sales of lithium-ion batteries, hydrogen fuel cells, sodium-ion batteries and solid-state batteries, using multi-technology battery services for unique commercial automobiles, energy storage systems and other applications. Furthermore, Tianneng reinforces its recycling economy efforts around its core operations. Through a dual-track system for lead and lithium recycling, the Company accomplishes effective resource regrowth and reuse, constructing a detailed community for the brand-new energy market.
Subject: Press release summary
