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Tianneng Power International
(0819)
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Rating:63Neutral
Price Target:
HK$4.00
▼(-16.84% Downside)
Action:Reiterated
Date:08/07/26
The score is primarily supported by very attractive valuation (low P/E and high dividend yield). This is tempered by mixed financial performance—thin margins and meaningfully higher leverage despite a 2025 cash flow rebound—and weak technicals with the stock trading below key longer-term moving averages.
Positive Factors
2025 earnings and gross-margin recovery
The improvement in 2025 net income and gross margin indicates that operating performance can recover when business conditions and product economics improve. Although profitability remains modest, this rebound supports the company’s ability to restore earnings through better mix, pricing, or execution over coming periods.
Negative Factors
Thin and structurally weakened profitability
A net margin of roughly 2.7% leaves limited room to absorb changes in input costs, product pricing, or operating expenses. Profitability being well below earlier levels means modest revenue gains may not translate proportionally into earnings, keeping the business vulnerable to margin pressure.
Read all positive and negative factors
Positive Factors
Negative Factors
2025 earnings and gross-margin recovery
The improvement in 2025 net income and gross margin indicates that operating performance can recover when business conditions and product economics improve. Although profitability remains modest, this rebound supports the company’s ability to restore earnings through better mix, pricing, or execution over coming periods.
Read all positive factors
Tianneng Power International (0819) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$4.40B
Dividend Yield9.36%
Average Volume (3M)5.82M
Price to Earnings (P/E)4.1
Beta (1Y)1.02
Revenue Growth5.93%
EPS Growth-10.20%
CountryHK
Employees20,698
SectorConsumer Cyclical
Sector Strength84
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)0.80
Shares Outstanding1,126,124,500
10 Day Avg. Volume10,225,219
30 Day Avg. Volume5,816,310
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)0.41
Price to Sales (P/S)0.13
P/FCF Ratio1.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
HK$6.50Price Target Upside35.14% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)1.49
Revenue Forecast (FY)HK$53.21B
Tianneng Power International Business Overview & Revenue Model
Company Description
Tianneng Power International Limited, an investment holding company, engages in the research, development, manufacture, and sale of power batteries for electric vehicle market in the People's Republic of China and internationally. It operates in t...
How the Company Makes Money
Tianneng Power International makes money mainly by manufacturing and selling batteries and related products. Its key revenue stream is the sale of power batteries—primarily lead-acid batteries—used in electric two-wheelers (e.g., e-bikes/e-scooter...
Tianneng Power International Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
47
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 51.98B | 53.80B | 76.67B | 83.89B | 74.60B | 85.62B |
| Gross Profit | 5.02B | 5.27B | 4.91B | 5.96B | 6.37B | 4.62B |
| EBITDA | 1.51B | 1.91B | 3.55B | 2.03B | 2.77B | 1.59B |
| Net Income | 897.27M | 1.44B | 1.14B | 1.82B | 1.80B | 1.30B |
Balance Sheet | ||||||
| Total Assets | 68.84B | 55.16B | 55.28B | 46.75B | 40.14B | 32.74B |
| Cash, Cash Equivalents and Short-Term Investments | 34.16B | 18.42B | 11.05B | 10.25B | 9.13B | 11.28B |
| Total Debt | 38.25B | 23.78B | 18.55B | 9.08B | 6.21B | 4.31B |
| Total Liabilities | 48.64B | 33.36B | 36.37B | 28.31B | 22.97B | 17.36B |
| Stockholders Equity | 17.21B | 17.31B | 16.16B | 15.86B | 14.44B | 12.98B |
Cash Flow | ||||||
| Free Cash Flow | 2.68B | 3.68B | -1.95B | -1.39B | -1.33B | 76.11M |
| Operating Cash Flow | 3.91B | 5.19B | 549.16M | 2.33B | 1.59B | 2.10B |
| Investing Cash Flow | -14.69B | -1.07B | -8.46B | -3.58B | -4.21B | -4.95B |
| Financing Cash Flow | 8.75B | -5.44B | 7.60B | 3.16B | 1.47B | 7.08B |
Tianneng Power International Technical Analysis
Negative
4.81
Price Trends
4.69
Negative
5.27
Negative
6.09
Negative
Market Momentum
-0.24
Positive
20.54
Positive
3.87
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:0819, the sentiment is Negative. The current price of 4.81 is above the 20-day moving average (MA) of 4.49, above the 50-day MA of 4.69, and below the 200-day MA of 6.09, indicating a bearish trend. The MACD of -0.24 indicates Positive momentum. The RSI at 20.54 is Positive, neither overbought nor oversold. The STOCH value of 3.87 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for HK:0819.
Tianneng Power International Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | HK$17.16B | 11.66 | 7.18% | 3.12% | 0.22% | -23.29% | |
63 Neutral | HK$4.40B | 4.11 | 5.20% | 9.36% | 5.93% | -10.20% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | HK$9.71B | 383.51 | 2.17% | 0.25% | 3.96% | 0.33% | |
55 Neutral | HK$278.24M | 11.20 | 1.21% | 4.47% | -48.58% | -29.93% | |
54 Neutral | HK$1.24B | 3.55 | 4.52% | 5.00% | -5.99% | 8.41% | |
53 Neutral | HK$23.08B | 14.41 | 11.33% | 0.27% | 56.42% | ― |
* Consumer Cyclical Sector Average
HK:0819
Tianneng Power International
3.85
-3.87
-50.14%
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19.56
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-33.04%
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0.22
-0.01
-4.35%
HK:2025
Ruifeng Power Group Co., Ltd.
12.15
6.38
110.39%
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Rept Battero Energy Company Ltd Class H
9.94
-2.78
-21.86%
Tianneng Power International Corporate Events
Tianneng Power Interim Profit Slides on Lower Revenue and Higher Costs
Aug 28, 2026
Tianneng Power International reported unaudited interim results for the six months ended 30 June 2026, showing revenue of RMB22.68 billion, down from RMB24.19 billion a year earlier, as gross profit slipped to RMB2.32 billion amid softer sales. Pr...
Tianneng Subsidiary Issues RMB1 Billion Technology Innovation Bonds
Aug 28, 2026
Tianneng Power International’s indirect wholly owned subsidiary, Tianneng Holding Group Co., Ltd., has completed registration and issuance of the second tranche of its 2026 targeted technology innovation bonds in the PRC, sized at RMB1 billi...
Tianneng Battery Group Posts Higher Revenue but Steep Profit Drop in First Half of 2026
Aug 26, 2026
Tianneng Power International disclosed unaudited interim results for its major subsidiary Tianneng Battery Group for the six months ended 30 June 2026, showing revenue of RMB 22.33 billion, up 6.73% year on year, but net profit attributable to equ...
Tianneng Power Sets Board Meeting to Approve 2026 Interim Results and Potential Dividend
Aug 17, 2026
Tianneng Power International has scheduled a board meeting for 28 August 2026 to review and approve the unaudited interim results for the first half of 2026 for the company and its subsidiaries. The board will also consider the draft interim resul...
Tianneng Power Issues Profit Warning Despite Growth in Core Battery Manufacturing
Aug 7, 2026
Tianneng Power International has warned that its interim profit for the six months ended 30 June 2026 will drop sharply, even as its core manufacturing business continues to grow. The group expects overall revenue to fall by about 5% to 8% year on...
Tianneng Power Subsidiary Raises RMB660 Million in Third Tranche of Tech Innovation Bonds
Jul 29, 2026
Tianneng Power’s key subsidiary Tianneng Share has completed the third tranche of its 2026 publicly offered technology innovation corporate bonds to professional investors in China, raising RMB660 million through an offline bookbuilding proc...
Tianneng Battery Subsidiary Raises RMB340 Million in Low-Cost Tech Innovation Bond
Jun 25, 2026
Tianneng Battery Group, the Shanghai-listed subsidiary of Tianneng Power International, has completed a new tranche of onshore corporate bonds aimed at funding its technology innovation initiatives and strengthening its capital structure. The issu...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.