Tianneng Battery Group Co., Ltd. (SHA:688819)

Tianneng Battery Group Income Statement

Financials in millions CNY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	41,698	42,328	45,311	39,040	34,500	30,672
Other Revenue	2,638	2,714	2,437	2,842	4,216	4,428
Revenue	44,336	45,042	47,748	41,882	38,716	35,100
Revenue Growth (YoY)	-7.27%	-5.67%	14.00%	8.18%	10.30%	-17.88%
Cost of Revenue	37,864	38,281	40,212	34,204	32,699	28,467
Gross Profit	6,472	6,761	7,535	7,679	6,017	6,633
Selling, General & Admin	1,477	1,601	1,719	2,375	1,883	1,620
Research & Development	1,886	1,875	1,790	1,526	1,429	1,242
Other Operating Expenses	1,920	1,534	1,867	1,619	1,450	959.56
Operating Expenses	5,272	4,985	5,427	5,672	4,798	3,825
Operating Income	1,200	1,776	2,108	2,007	1,219	2,809
Interest Expense	-168.86	-184.24	-195.28	-218.7	-170.41	-174.52
Interest & Investment Income	85.14	346.87	406.28	239.39	240.33	124.46
Currency Exchange Gain (Loss)	-7.94	-0.3	5.96	7.61	-1.54	-2.28
Other Non Operating Income (Expenses)	-23.92	-10.19	8.94	-24.88	-31.09	28.64
EBT Excluding Unusual Items	1,084	1,928	2,334	2,010	1,257	2,785
Gain (Loss) on Sale of Investments	-30.91	-5.67	-24.94	1.87	-	1.76
Gain (Loss) on Sale of Assets	-12.11	-23.59	-30.06	-46.91	-42.63	-39.83
Asset Writedown	-127.94	-266.09	-15.78	-	-	-9.76
Other Unusual Items	767.15	479.72	495.35	401.68	364.87	-
Pretax Income	1,681	2,113	2,758	2,367	1,579	2,737
Income Tax Expense	406.92	522.92	629.14	527.92	254.05	418.04
Earnings From Continuing Operations	1,274	1,590	2,129	1,839	1,325	2,319
Minority Interest in Earnings	-44.75	-35.15	175.18	69.29	44.51	-39.24
Net Income	1,229	1,555	2,305	1,908	1,369	2,280
Net Income to Common	1,229	1,555	2,305	1,908	1,369	2,280
Net Income Growth	-48.93%	-32.55%	20.77%	39.35%	-39.93%	52.83%
Shares Outstanding (Basic)	974	972	972	974	964	857
Shares Outstanding (Diluted)	974	972	972	974	964	857
Shares Change (YoY)	0.41%	-0.08%	-0.12%	0.96%	12.52%	3.42%
EPS (Basic)	1.26	1.60	2.37	1.96	1.42	2.66
EPS (Diluted)	1.26	1.60	2.37	1.96	1.42	2.66
EPS Growth	-49.14%	-32.49%	20.92%	38.03%	-46.62%	47.78%
Free Cash Flow	4,241	4,345	-605.82	-870.95	1,435	1,870
Free Cash Flow Per Share	4.35	4.47	-0.62	-0.90	1.49	2.18
Dividend Per Share	0.410	0.410	0.650	0.600	0.600	0.600
Dividend Growth	-36.93%	-36.93%	8.34%	-	-	-
Gross Margin	14.60%	15.01%	15.78%	18.33%	15.54%	18.90%
Operating Margin	2.71%	3.94%	4.42%	4.79%	3.15%	8.00%
Profit Margin	2.77%	3.45%	4.83%	4.56%	3.54%	6.49%
Free Cash Flow Margin	9.56%	9.65%	-1.27%	-2.08%	3.71%	5.33%
EBITDA	2,176	2,698	2,821	2,651	1,761	3,299
EBITDA Margin	4.91%	5.99%	5.91%	6.33%	4.55%	9.40%
D&A For EBITDA	975.75	922.24	713.33	644.66	541.6	490.68
EBIT	1,200	1,776	2,108	2,007	1,219	2,809
EBIT Margin	2.71%	3.94%	4.42%	4.79%	3.15%	8.00%
Effective Tax Rate	24.21%	24.75%	22.81%	22.30%	16.09%	15.27%
Revenue as Reported	44,336	45,042	47,748	41,882	38,716	-
Advertising Expenses	-	68.89	66.52	59.81	49.38	85.32

Source: S&P Global Market Intelligence. Standard template. Financial Sources.