Tianneng Power International : UNAUDITED FINANCIAL INFORMATION OF TIANNENG BATTERY GROUP CO., LTD. FOR THE THREE MONTHS ENDED 31 MARCH 2021
April 29, 2021 at 09:22 am EDT
Share
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TIANNENG POWER INTERNATIONAL LIMITED
天 能 動 力 國 際 有 限 公 司
(Incorporated in the Cayman Islands with limited liability)
(Stock Code: 00819)
INSIDE INFORMATION
UNAUDITED FINANCIAL INFORMATION OF TIANNENG BATTERY
GROUP CO., LTD.
FOR THE THREE MONTHS ENDED 31 MARCH 2021
This announcement is made by Tianneng Power International Limited (the "Company", together with its subsidiaries the "Group") pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined under the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Set out below is the key unaudited financial information of Tianneng Battery Group Co., Ltd.* ("Tianneng Share") for the three months ended 31 March 2021. Tianneng Share is controlled as to approximately 86.53% by the Company and its results are consolidated with the financial statements of the Company. Tianneng Share is listed on the Science and Technology Innovation Board of the Shanghai Stock Exchange.
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For the three
For the three
months ended
months ended
31 March 2021
31 March 2020
Change
RMB' 000
RMB' 000
%
Revenue
7,259,496
5,416,968
34.01
Net profit attributable to equity owners
of Tianneng Share
411,927
292,752
40.71
31 March
31 December
2021
2020
Change
RMB' 000
RMB' 000
%
Total assets
26,431,219
19,643,121
34.56
Total equity attributable to equity owners
of Tianneng Share
11,879,704
6,739,385
76.27
Shareholders and investors are reminded that the financial information above was prepared in accordance with PRC accounting standards and is limited solely to the operations of Tianneng Share and its controlled subsidiaries and is unrelated to the other subsidiaries of the Group. Such information is unaudited, and does not (a) exclude intra-group transactions (save for transactions between Tianneng Share and its subsidiaries), (b) include all the businesses of the Group, or
represent or provide a full picture of the operations or status of the Group. Shareholders and potential investors of the Company are reminded to exercise caution when dealing in the securities of the Company.
By Order of the Board
TIANNENG POWER INTERNATIONAL LIMITED
ZHANG Tianren
Chairman
Hong Kong, 29 April 2021
As at the date of this announcement, the executive directors of the Company are Dr. ZHANG Tianren, Mr. ZHANG Aogen, Mr. ZHANG Kaihong, Mr. SHI Borong and Mr. ZHOU Jianzhong; the independent non-executive directors of the Company are Mr. HUANG Dongliang, Mr. WU Feng and Mr. ZHANG Yong.
*for identification purpose only
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Tianneng Power International Limited published this content on 29 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2021 13:21:07 UTC.
Tianneng Power International Limited is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of lead-acid batteries and battery-related accessories. The main products of the Company include lead-acid motive battery products, such as electrical bicycle batteries, electrical tricycle batteries and pure electric car batteries. Its products also include recycled lead products, lithium battery products, as well as new energy storage battery products for wind and solar power generation systems. The Company operates its businesses in China.