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Stock market anomaly | Tian Energy's stock price fell by more than 7%, Q3 net profit halved year-on-year.
On October 30, TianNeng Energy (688819.SH) fell more than 7%, with the stock price falling below 30 yuan, and the total market value of 29.1 billion yuan. The company's third-quarter revenue was 11.227 billion yuan, a 16.59% year-on-year decrease; net income attributable to parent company was 0.27 billion yuan, a 56.4% year-on-year decrease, a 60.97% decrease from the previous quarter. In response to the decline in performance, TianNeng Energy stated that the significant increase in raw material prices in the first half of the year combined with a decrease in sales volume in the third quarter caused the decline. (Gelonghui)
Hong Kong stocks | tianneng power (00819) plummeted 12% due to the combined impact of rising raw material prices and declining sales volume, with affiliated Tianneng Shares seeing a 56% decline in net profit in the third quarter.
tianneng power (00819) plummeted by 12%, as of the report, falling by 10.66%, closing at 6.45 Hong Kong dollars, with a turnover of 38.0972 million Hong Kong dollars.
Tianneng Battery Group Co., Ltd. Third Quarter Report 2024
Raw material prices have risen, sales have decreased, and TBEA Co., Ltd.'s net profit in Q3 has been "halved" year-on-year.
①Regarding the decline in performance, Tianeng Co., Ltd. stated that the significant increase in raw material prices in the first half of the year combined with the decrease in sales volume in the third quarter led to this situation; ②Since the beginning of this year, lead prices have experienced a roller-coaster market. Industry analysts predict that lead prices will overall maintain a fluctuating trend.
Tianneng Power (00819): Tianneng Shares (688819.SH) net income attributable to mother in the first three quarters decreased by 14.45% year-on-year to 1.464 billion yuan.
Tianneng Power (00819) announced that Tianneng Battery Group Co., Ltd. (Tianneng Battery) as of September 3, 2024...
Tianjin Lishen (stock code: 688819): a leading global light electric vehicle battery company, the inflection point of industry policies brings a new growth cycle for the company.
Lead-acid battery leader, Q2 profitability stabilizes and rebounds. The company deeply cultivates the battery industry, and has now formed a battery product system of lead-acid batteries and lithium-ion batteries coordinating development, as well as new material batteries such as hydrogen fuel cells and sodium-ion batteries. The company's industry.
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