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 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating Revenue	45,015	45,311	39,040	34,500	30,672	30,353
Other Revenue	2,797	2,437	2,842	4,216	4,428	12,392
Revenue	47,812	47,748	41,882	38,716	35,100	42,744
Revenue Growth (YoY)	3.46%	14.00%	8.18%	10.30%	-17.88%	19.19%
Cost of Revenue	39,888	39,582	34,204	32,699	28,467	36,478
Gross Profit	7,924	8,165	7,679	6,017	6,633	6,266
Selling, General & Admin	2,241	2,349	2,375	1,883	1,620	2,037
Research & Development	1,892	1,790	1,526	1,429	1,242	1,141
Other Operating Expenses	1,884	1,867	1,619	1,450	959.56	1,275
Operating Expenses	5,977	6,057	5,672	4,798	3,825	4,489
Operating Income	1,947	2,108	2,007	1,219	2,809	1,777
Interest Expense	-201.74	-195.28	-218.7	-170.41	-174.52	-236.58
Interest & Investment Income	534.62	406.28	239.39	240.33	124.46	173.87
Currency Exchange Gain (Loss)	-3.65	5.96	7.61	-1.54	-2.28	1.61
Other Non Operating Income (Expenses)	-1.04	-13.18	-24.88	-31.09	28.64	-2.72
EBT Excluding Unusual Items	2,275	2,312	2,010	1,257	2,785	1,713
Gain (Loss) on Sale of Investments	2.3	-24.94	1.87	-	1.76	-0.22
Gain (Loss) on Sale of Assets	-46.11	-30.06	-46.91	-42.63	-39.83	-61.62
Asset Writedown	-148.37	-15.78	-	-	-9.76	-3.74
Other Unusual Items	899.97	517.46	401.68	364.87	-	232.02
Pretax Income	2,983	2,758	2,367	1,579	2,737	1,880
Income Tax Expense	689.63	629.14	527.92	254.05	418.04	330.76
Earnings From Continuing Operations	2,293	2,129	1,839	1,325	2,319	1,549
Minority Interest in Earnings	113.43	175.18	69.29	44.51	-39.24	-57.21
Net Income	2,406	2,305	1,908	1,369	2,280	1,492
Net Income to Common	2,406	2,305	1,908	1,369	2,280	1,492
Net Income Growth	7.03%	20.77%	39.35%	-39.94%	52.83%	22.55%
Shares Outstanding (Basic)	970	972	974	964	857	829
Shares Outstanding (Diluted)	970	972	974	964	857	829
Shares Change (YoY)	-0.27%	-0.12%	0.96%	12.52%	3.42%	34.08%
EPS (Basic)	2.48	2.37	1.96	1.42	2.66	1.80
EPS (Diluted)	2.48	2.37	1.96	1.42	2.66	1.80
EPS Growth	7.32%	20.92%	38.03%	-46.62%	47.78%	-8.60%
Free Cash Flow	282.77	-605.82	-870.95	1,435	1,870	906.91
Free Cash Flow Per Share	0.29	-0.62	-0.89	1.49	2.18	1.09
Dividend Per Share	0.650	0.650	0.600	0.600	0.600	0.600
Dividend Growth	8.34%	8.34%	0%	0%	0%	-
Gross Margin	16.57%	17.10%	18.33%	15.54%	18.90%	14.66%
Operating Margin	4.07%	4.41%	4.79%	3.15%	8.00%	4.16%
Profit Margin	5.03%	4.83%	4.56%	3.54%	6.50%	3.49%
Free Cash Flow Margin	0.59%	-1.27%	-2.08%	3.71%	5.33%	2.12%
EBITDA	2,735	2,812	2,651	1,761	3,299	2,228
EBITDA Margin	5.72%	5.89%	6.33%	4.55%	9.40%	5.21%
D&A For EBITDA	788.41	704.02	644.66	541.6	490.68	450.63
EBIT	1,947	2,108	2,007	1,219	2,809	1,777
EBIT Margin	4.07%	4.41%	4.79%	3.15%	8.00%	4.16%
Effective Tax Rate	23.12%	22.81%	22.30%	16.09%	15.27%	17.60%
Revenue as Reported	47,812	47,748	41,882	38,716	-	42,744
Advertising Expenses	-	66.52	59.81	49.38	85.32	76.09

Source: S&P Capital IQ. Standard template. Financial Sources.