TIANNENG POWER (00819) released its interim results, reporting a profit attributable to shareholders of 284 million yuan, a decrease of 65.33% year-on-year.

TIANNENG POWER (00819) announced its performance for the six months ending June 30, 2026. During this period, the group achieved revenue of 22.683 billion RMB, a year-on-year decrease of 6.24%; the profit attributable to shareholders was 284 million RMB, a year-on-year decrease of 65.33%; and basic earnings per share were 25.24 cents. During the six-month period ending June 30, 2026 (the reporting period), the market demand, product structure, and competitive landscape in the battery industry continued to evolve. Affected by intensified market competition and rising raw material costs, the group's operating performance faced pressure compared to the same period last year. In response to a complex operating environment, the group is leveraging its existing industrial foundation, focusing on core advantages, and optimizing its business structure and resource allocation in areas such as battery manufacturing, resource recycling, new energy technology, and international development, in line with the needs of different application scenarios. This includes ensuring the steady operation of traditional advantageous businesses, accelerating capacity building for emerging businesses, strengthening industrial synergy in recycling activities, and continuously enhancing research and development innovation, intelligent manufacturing, market services, and global operational capabilities, to build momentum for subsequent operational recovery and long-term development. High-end eco-friendly batteries are one of the group's core businesses, mainly including a series of products such as eco-friendly lightweight power batteries, industrial power batteries, automotive batteries, and backup power sources. During the reporting period, the group's high-end eco-friendly battery business achieved revenue of approximately 19.124 billion RMB.