According to Zhitong Finance App News, Tianneng Power (00819) issued an announcement. According to currently available information and preliminary review of the Group's comprehensive management accounts for the six months ended June 30, 2026 (relevant period), the Company expects the Group's overall revenue for the relevant period to decrease slightly by about 5% to 8% compared to the same period last year, but profit attributable to shareholders will decrease by about 62% to 66% compared to the same period last year.
The board of directors believes that the above changes in expected earnings are mainly due to the Group's active contraction of trade business, but the revenue of the manufacturing business increased by about 5% to 9% compared to the same period last year. However, the above expected profit changes are mainly due to the high price of upstream raw materials such as sulfuric acid, compounded by increased competition in the downstream industry and the recovery in terminal consumer demand falling short of expectations, and the gross profit of the company's main business is under significant downward pressure. Meanwhile, due to policy adjustments such as value-added tax credits for advanced manufacturing enterprises in mainland China, the company's other earnings decreased compared to the same period last year. Combined with the above factors, the company's overall profit range was further narrowed.
However, considering that the Group's manufacturing business increased by about 5% to 9% compared to the same period last year, the overall sales volume of lead-acid batteries in the core business remained stable, and the leading market position and brand, channel and customer base were still stable; the resource synergy advantages formed by the battery recycling industry continued to show; and the lithium-ion battery business and overseas market expansion were also progressing steadily, the board of directors is still confident about the Group's long-term prospects.