Summary by Moomoo AI
TIANNENG BATTERY GROUP CO., LTD. announced the audited results for the year ending December 31, 2024. The company achieved revenue of 45.042 billion yuan, a year-on-year decrease of 5.67%; the net profit attributable to equity owners was 1.555 billion yuan, a year-on-year decrease of 32.54%. As of the end of 2024, the total Assets of the company reached 44.288 billion yuan, an increase of 23.60% compared to the end of the previous year.It is worth noting that TIANNENG BATTERY is a subsidiary controlled by TIANNENG POWER INTERNATIONAL, with a holding ratio of approximately 86.53%. Its performance has been consolidated into the financial statements of TIANNENG POWER. As of the end of 2024, the equity attributable to the equity owners of TIANNENG BATTERY was 15.889 billion yuan, a year-on-year increase of 3.03%. The above financial data is prepared in accordance with China’s accounting standards and only covers the business operations of TIANNENG BATTERY and its controlled subsidiaries, excluding the operating conditions of other subsidiaries in the group.
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