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Public company info - Tianneng Power International Ltd. , 00819.HK
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Tianneng Power International Ltd., 00819.HK - Company Profile
Chairman ZHANG Tianren
Share Issued (share) 1,126,000,000
Par Currency Hong Kong Dollar
Par Value 0.1
Industry Automobiles & Components
Corporate Profile Business Summary: The Group the manufacture and sales of batteries and battery related accessories and trade of new energy materials. Performance for the year: During the reporting period, the Group realised sales revenue of approximately RMB40,614 million, representing an increase of 16.87% year-on-year; and net profit of approximately RMB1,726 million, representing an increase of 39.73%, year-on-year. Business Review： (I) High-end eco-friendly batteries High-end eco-friendly batteries are one of the Group’s major businesses, providing the Group with a solid cash flow. During the reporting period, sales revenue of high-end ecofriendly batteries was approximately RMB28.220 billion. Tianneng adheres to the concept of green development promoted by technological innovation, and has launched a green battery product series based on “lead batteries plus lithium batteries”. Regarding the lead battery segment, the Group’s products are distinguished with product and technology innovations. The Company has successfully applied on a large scale of the sealed maintenance-free lead batteries to the power sector for light electric vehicles. Besides providing the Group’s nationals at large with low-carbon, environmental-friendly, economical and practical means for travelling, the Company has extended the developmental capacity of the lead battery industry, which, in turn, bears significant impact for the smooth promotion of the “electricity for gasoline” within the green energy framework. (II) New energy batteries During the reporting period, the Group’s operating revenue in new energy battery business recorded approximately RMB627 million. The Company actively invests in the research, development and industrialization of lithium battery technology. The Group adopt the multi-wheel driven technical paths that includes mainstream ternary lithium iron phosphate, cylindrical and soft-pack battery, and has acquired a variety of high-performance positive electrode materials and high-safety diaphragm seals application technologies. By means of a comprehensive upgrade of technical framework, the Group are able to effectively improve the energy density, charging and discharging rates and recycling lifespan of lithium battery products. In November 2019, in the witness of the leaders of China and France, the Company signed a cooperation agreement with SAFT, a subsidiary under the France-based Total group, one of the world’s top 500 enterprises. Pursuant to the agreement, both contract parties agree to merge their respective comparative strength to achieve synergic development in technology, manufacturing and marketing, among other aspects, and will develop manufacture and sell advanced lithium battery products in markets of China and worldwide. (III) Green renewable materials Environmental issues have always been the focal points of interests to an alarming number of global economies, and environmental conservation measures have constantly evolved in tandem with development of society and technology advancement. To promote the green develop in China, as well as to cultivate ecological civilization are regarded as one of the crucial steps towards “sustainable development”. Facing the backdrop of state initiatives and emerging market opportunities, the Group participated to formulate the national standard, “Standard system for circular economy of Industrial Enterprises and Parks (工業企業和 園區循環經濟標準體系) and “Industrial standard for regulating the recycling of waste batteries” (廢蓄電池回收規範行業標準). The Group also served as the representative, on behalf of manufacturing enterprises, actively sought for and obtain state support in terms of policies and other resource. The Group was honourably elected by the National Development and Reform Commission as “Enterprise in resource comprehensive utilization “ and “Standardised pilot enterprise in national circular economy”, and enlisted as “Key projects intended for energy conservation and emissions reduction “, and selected into the “First Batch of Green Manufacturing System Demonstration Facility”, “Green supply chain demonstration enterprise “ by the Ministry of Industry and Information Technology (IV) Strategic blueprint for global presence, market share expansion In response to the national initiative “The Belt and Road”, the Group’s products have launched in the international markets and covered a worldwide sales network. The Group’s products are mainly sold to South Asia, Southeast Asia, West Asia, Europe, Africa and other regions and countries. The Group are bestowed with boosted momentum for market penetration overseas. Prospects: Backed by the twin opportunities of industrial consumption upgrade and thorough environmental protection governance, the Group will continue to consolidate and enhance the comparative edges of its major business of green energy, accelerate the development pace in areas such as the integration of technology and materials of new emerging industries, speed up the pace for green manufacturing and industrial park. The Group aims to evolve into a demonstration base through restructuring upgrade and platform-based corporate building. The Group expect to press forward towards the mid-to-high-end products and expand the Group’s market share to cover the overseas markets. As such, the Group poise to create the most favorable competitive edges for the Group to join into the most competitive international markets. Meanwhile, the Group initiate breakthroughs in the green recycling industry, new energy batteries, vehicle start-stop batteries, self-developed high-performance new materials, along with speeding up the application of various technology application on big data, Internet of Things and Artificial Intelligence (AI) that all enable us to boost the Group’s productive capacity. The Group also actively seek to enhance the Group’s business portfolio and product efficiency by adopting technological innovation and business model, the twin-engine strategic initiative. The Group will continue in the Group’s pursuit of green energy development, better living environment, as well as working tirelessly that the Group, Tianneng will climb to be the most respected first-tier new energy enterprise across the globe.

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