Financial Performance - Revenue increased by approximately 12.46% to approximately RMB 83.89 billion[2] - Profit attributable to shareholders increased by approximately 1.42% to approximately RMB 1.82 billion[2] - Basic earnings per share grew to approximately RMB 1.62[2] - Proposed final dividend of HKD 0.43 per share[2] - Gross profit decreased to RMB 5.96 billion from RMB 6.39 billion[4] - The group's net profit for the year was RMB 1,835,705 thousand, a decrease from RMB 2,079,678 thousand in 2022, representing a decline of approximately 11.7%[18] - The company's profit before tax for the year ended December 31, 2023, was RMB 2,563,485,000, a decrease of 6.4% compared to RMB 2,738,841,000 in 2022[33] - The net profit margin decreased from 2.79% in 2022 to 2.19% in 2023, reflecting the impact of declining lithium battery gross margins[72] Revenue Segmentation - External sales from the manufacturing segment reached RMB 47,397,428 thousand, up from RMB 41,971,044 thousand in the previous year, indicating a growth of about 12.3%[18] - External sales from the trading segment increased to RMB 36,493,545 thousand from RMB 32,627,597 thousand, reflecting a growth of approximately 11.4%[18] - Revenue from the manufacturing segment was RMB 42,423,301 thousand, up from RMB 35,747,300 thousand in the previous year, representing a growth of 18.7%[23] - The lead-acid power battery segment generated revenue of approximately RMB 39.152 billion, with a year-on-year increase of about 19.32%[47] - The high-end eco-friendly battery business achieved revenue of approximately RMB 42.423 billion, representing a year-on-year growth of about 18.68%[46] - The lead-carbon energy storage battery business generated approximately RMB 338 million in revenue, representing a year-on-year growth of over 100%[50] - The new energy battery segment achieved revenue of approximately RMB 882 million, focusing on lithium-ion, hydrogen fuel, and sodium-ion battery development[52] Costs and Expenses - The cost of goods sold increased significantly to RMB 74,642,355,000 from RMB 67,160,592,000, reflecting a rise of approximately 11.0%[34] - Total employee costs for the year were RMB 3,283,960,000, slightly up from RMB 3,276,024,000 in the previous year[34] - Distribution and selling costs rose by approximately 15.86% from about RMB 1.229 billion in 2022 to approximately RMB 1.424 billion in 2023, driven by higher transportation and travel expenses[66] - Financing costs rose to RMB 482,780 thousand in 2023, up from RMB 340,738 thousand in 2022, indicating a 41.7% increase[30] - The income tax expense for 2023 was RMB 727,780 thousand, compared to RMB 659,163 thousand in 2022, which is an increase of 10.4%[31] Assets and Liabilities - Total assets less current liabilities increased to RMB 23.46 billion from RMB 19.76 billion[8] - Cash and cash equivalents increased to RMB 9.46 billion from RMB 7.55 billion[7] - Total equity increased to RMB 18.44 billion from RMB 17.17 billion[8] - Non-current assets increased to RMB 17.41 billion from RMB 13.60 billion[6] - Total liabilities rose by approximately 23.23% from about RMB 22.970 billion in 2022 to approximately RMB 28.306 billion in 2023, with non-current liabilities increasing by about 93.37%[71] - Total liabilities to total assets ratio increased to 19.42% in 2023 from 15.47% in 2022[79] Market and Strategic Initiatives - The company is focusing on the development of new energy storage technologies, including sodium-ion and hydrogen fuel cells, while continuously iterating lithium-ion battery technologies[44] - The company has established offices in the Netherlands, Vietnam, and Thailand, signing cooperation agreements with over 20 overseas distributors to expand its market presence[45] - The company is actively promoting its products in overseas markets, with steady sales growth in power batteries and initial success in energy storage products[49] - The company aims to strengthen its high-end environmental battery business and expand its energy storage industry as a second growth curve[63] - The company plans to enhance its global strategy and localize operations overseas to increase its influence in the renewable energy sector[63] Recycling and Sustainability - The company has achieved a maximum metal material recovery rate of over 99% in its recycling operations, contributing to both economic and environmental benefits[45] - The company's recycling industry generated approximately RMB 3.6 billion in revenue during the reporting period[58] - The lead-acid battery recycling segment achieved external revenue of about RMB 3.069 billion, with a steady growth trend in China's lead-acid battery recycling market[59] - The lithium-ion battery recycling segment generated revenue of approximately RMB 531 million, with a projected market scale nearing RMB 100 billion by 2026[61] - The company has implemented a digital recycling model to enhance the management of the entire lifecycle of waste lead-acid batteries[60] Corporate Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the financial reporting procedures and internal controls of the group[89] - The company has adopted the corporate governance code as per the listing rules, with the current chairman and CEO being the same individual to enhance operational efficiency[90] - Deloitte has confirmed the financial figures for the year ending December 31, 2023, but did not provide an audit opinion on the preliminary announcement[91] - All directors have confirmed compliance with the standard code for securities trading throughout the reporting period[92]

Financial Performance - For the reporting period ending June 30, 2023, the group achieved a manufacturing revenue of approximately RMB 21.641 billion, representing a year-on-year growth of about 24.31%[10] - The group’s revenue for the reporting period was approximately RMB 41.471 billion, an increase of about 33.66% compared to the same period last year[43] - Gross profit for the period was approximately RMB 3.034 billion, representing a year-on-year increase of about 27.49%[44] - Net profit for the six months ended June 30, 2023, was RMB 1,007,974 thousand, representing a 11.8% increase compared to RMB 901,147 thousand in the prior year[68] - Basic earnings per share for the period was RMB 81.54, compared to RMB 67.47 in the same period last year, reflecting a growth of 20.9%[68] Revenue Breakdown - The high-end environmental battery business generated revenue of approximately RMB 19.306 billion, an increase of approximately 35.83% compared to the same period last year[11] - The lead-acid power battery segment reported revenue of approximately RMB 18.867 billion, reflecting a year-on-year growth of approximately 35.73%[12] - The revenue from other high-end eco-friendly batteries reached approximately RMB 213 million during the reporting period[21] - The revenue from the new energy battery business amounted to approximately RMB 373 million[22] - The lithium-ion battery business generated revenue of about RMB 369 million, with a focus on energy storage systems and power batteries[23] Research and Development - As of June 2023, the group holds over 4,800 patents and has led or participated in the revision of more than 170 domestic and international standards[9] - Research and development costs increased from approximately RMB 709 million to RMB 829 million, mainly due to an increase in the number of R&D projects[47] - The company launched a new generation sodium-ion battery "Tian Sodium T1" for electric light vehicles in the first half of 2023, featuring a cycle life exceeding 3,000 times and higher energy density than conventional lithium manganese oxide batteries[32] - The company established a sodium-ion battery industry ecological alliance with leading electric light vehicle companies and investment institutions to support technological innovation and industrial application[33] Market Expansion - The group is focusing on two trillion-level industry ecosystems: power batteries and energy storage systems, with a commitment to becoming the leader in the new lead-acid battery industry in China[7] - The group has established over 130 subsidiaries and its overseas sales cover nearly 50 countries and regions, enhancing local operational capabilities[9] - The group is actively expanding its international market presence, having delivered its first batch of products to a well-known vehicle manufacturer in Cambodia in February 2023[15] - The group has made significant progress in global expansion, with new offices established in countries like Vietnam and Thailand to enhance local product and service capabilities[9] Sustainability and Innovation - The group is committed to sustainable development through green manufacturing and innovation, driving industry upgrades and digital transformation[7] - The lead-carbon battery technology is recognized as a key technology in China's "14th Five-Year Plan" for new energy storage development[18] - The company is optimistic about the lead-acid battery recycling industry despite challenges from rising market prices, focusing on advanced technology and automation to enhance operational efficiency[38] Financial Position - Total assets as of June 30, 2023, were approximately RMB 47.257 billion, a growth of about 17.74% compared to December 31, 2022[48] - The total liabilities increased by approximately 28.94% to about RMB 29.617 billion, with current liabilities rising by about 33.57%[48] - As of June 30, 2023, the company's debt-to-asset ratio was approximately 23.98%, up from 15.47% on December 31, 2022[52] - The company reported a total equity of RMB 17,639,870 thousand as of June 30, 2023, compared to RMB 17,166,174 thousand as of December 31, 2022, reflecting an increase of approximately 2.8%[71] Cash Flow and Investments - Operating cash flow turned from a net outflow of approximately RMB 468 million last year to a net inflow of approximately RMB 1.531 billion, driven by increased revenue and sales collections[48] - The net cash generated from operating activities for the six months ended June 30, 2023, was RMB 1,530,622 thousand, a significant improvement compared to a net cash outflow of RMB (467,692) thousand in the same period of 2022[75] - The company invested RMB 437,210,000 in machinery and manufacturing facilities during the period, compared to RMB 301,865,000 in the previous year, reflecting a 44.8% increase in capital expenditure[93] Corporate Governance - The company has maintained high standards of corporate governance and complied with the relevant listing rules during the reporting period[61] - The company’s independent auditor reviewed the interim financial information, which was prepared in accordance with Hong Kong Accounting Standard 34[62] Related Party Transactions - The group reported related party transactions with Zhejiang Changtong Technology Co., Ltd., including material purchases of RMB 277,106,000, an increase of 7.5% from RMB 258,767,000 in the previous year[136] - Accounts receivable from related parties as of June 30, 2023, totaled RMB 232,895,000, down 26.3% from RMB 316,228,000 as of December 31, 2022[137]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 TIANNENG POWER INTERNATIONAL LIMITED 天 能 動 力 國 際 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：00819） 截至二零二三年六月三十日止六個月 之中期業績公佈 | --- | --- | --- | |-------|----------------------------------------------------------|-------| | | | | | | 財務摘要 | | | • | 收益增加約 33.66% 至約人民幣 414.71 億元。 | | | • | 毛利增加約 27.49% 至約人民幣 30.34 億元。 | | | • | 本公司擁有人應佔溢利增加約 20.86% 至約人民幣 9.18 億元。 | | | • | 每股基本盈利增加約 20.85% 至人民幣 81.54 分。 | | 中期業績 天能動力國際有 ...

Financial Performance - The total revenue for the year 2022 was RMB 74,598,641, a decrease of 12.9% compared to RMB 85,615,917 in 2021[8] - The profit before tax for 2022 was RMB 2,738,841, an increase of 49.1% from RMB 1,836,942 in 2021[8] - The net profit attributable to the owners of the company for 2022 was RMB 1,796,385, representing a 38.4% increase from RMB 1,299,952 in 2021[8] - The company's total revenue for the year ended December 31, 2022, was approximately RMB 74.599 billion, a decrease of 12.87% year-on-year[20] - The net profit attributable to shareholders was approximately RMB 1.796 billion, an increase of 38.19% compared to the previous year[20] - The group's gross profit increased by approximately 38.27% from RMB 4.621 billion in 2021 to RMB 6.389 billion in 2022, with an overall gross margin rising from 5.40% to 8.56%[51] - Other income rose by approximately 1.11% from RMB 1.094 billion in 2021 to RMB 1.106 billion in 2022, primarily due to increased government subsidies and interest income, which grew from RMB 218 million to RMB 315 million[52] - The company reported a proposed final dividend of HKD 0.40 per share for the year ended December 31, 2022, consistent with the previous year[130] Assets and Liabilities - The total assets as of December 31, 2022, were RMB 40,135,923, up 22.4% from RMB 32,738,944 in 2021[9] - The total liabilities increased to RMB 22,969,749 in 2022, a rise of 32.5% from RMB 17,362,012 in 2021[9] - The group's total assets increased by approximately 22.59% from RMB 32.739 billion in 2021 to RMB 40.136 billion in 2022, with non-current assets growing by approximately 40.87%[56] - Total liabilities increased by approximately 32.30% from RMB 17.362 billion in 2021 to RMB 22.970 billion in 2022, with current liabilities rising by approximately 33.27%[57] - The net cash from operating activities for 2022 was approximately RMB 1.590 billion, a decrease from RMB 2.105 billion in 2021, primarily due to increased inventory[54] Market Strategy and Innovation - The company aims to enhance its strategic transformation and industry upgrade in response to market challenges and economic pressures[15] - The company is focusing on innovation and upgrading its product offerings to maintain competitive advantages in the market[15] - The company plans to continue expanding its market presence and exploring new business strategies to drive future growth[15] - The company plans to accelerate the development of new battery technologies, including solid-state batteries and sodium-ion batteries, in 2023[22] - The company is actively expanding its lithium battery business to create a second growth curve, leveraging synergies between lead-acid and lithium-ion technologies[26] Production and Operations - The manufacturing segment's revenue increased by approximately 10.68% year-on-year, reaching RMB 41.971 billion[20] - The company implemented 68 digital innovation projects and established the industry's first smart factory, improving production and supply chain efficiency[19] - The company has developed various energy storage products, including air-cooled and liquid-cooled energy storage cabinets, and is actively conducting pilot demonstrations in the "new energy + energy storage" sector[26] - The company has successfully launched energy storage cells of 100Ah, 180Ah, and 280Ah, and has developed various cooling modules, including the TN200 liquid-cooled energy storage cabinet, with all relevant national standard certifications obtained[37] Research and Development - The company is focusing on talent acquisition and strategic partnerships to accelerate breakthroughs in key technologies and expand commercial applications[27] - The company has established a dedicated production line for sodium-ion batteries and is currently ramping up production capacity[43] - The sodium-ion battery technology has achieved significant breakthroughs, earning recognition as one of the "Top Ten Innovative Brands of 2022" and receiving the "Golden Ding Award" for technological innovation[43] - Research and development expenses amounted to RMB 1,622,379 thousand, compared to RMB 1,483,162 thousand in 2021, reflecting an increase of about 9.4%[199] Corporate Governance - The company has maintained a high level of corporate governance, believing that good governance practices are crucial for maintaining and enhancing investor confidence[89] - The board of directors consists of eight members, including three independent non-executive directors, ensuring compliance with listing rules[90] - The company has established mechanisms to ensure the board receives independent opinions and sufficient resources to fulfill its duties[91] - The company has a commitment to transparency and accountability in its governance practices, ensuring all directors can communicate freely and independently with management[91] Shareholder Information - The company plans to suspend share transfer registration from June 5, 2023, to June 8, 2023, and again from June 15, 2023, to June 16, 2023, for dividend entitlement purposes[76] - The proposed final dividend is expected to be paid on or before July 7, 2023, pending shareholder approval at the annual general meeting on June 8, 2023[76] - The company has a total of 1,126,124,500 shares issued as of December 31, 2022[141] - The company’s shareholding structure indicates a significant concentration of ownership with Dr. Zhang Tianren and Prime Leader Global Limited holding a combined 36.44%[148] Related Party Transactions - The company has complied with the applicable regulations under the Listing Rules regarding related party transactions and continuous related party transactions[188] - The investment agreement constitutes a related party transaction as Tianchang Holdings is a connected person of the company[188] - The group plans to continue its procurement and service agreements with related parties, ensuring compliance with pricing policies and regulations[186] Environmental and Social Responsibility - The group made charitable donations of approximately RMB 2.0012 million for the year ended December 31, 2022, compared to RMB 3.5677 million in 2021[176]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 TIANNENG POWER INTERNATIONAL LIMITED 天能動力國際有限公司 （於開曼群島註冊成立之有限公司） （股份代號：00819） 截至二零二二年十二月三十一日止年度 之業績公佈 以及 建議修訂現有組織章程大綱及細則及 採納經修訂及經重述之組織章程大綱及細則 | --- | --- | --- | |-------|---------------------------------------------------|-------| | | | | | | 財務摘要 | | | • | 毛利增加約 38.27% 至約人民幣 63.89 億元。 | | | • | 股東應佔溢利增加約 38.19% 至約人民幣 17.96 億元。 | | | • | 每股基本盈利增加約 39.13% 至約人民幣 1.60 元。 | | | • | 建議派發每股 40 港仙末期股息。 | | — 1 ...

Financial Performance - The company's revenue for 2021 reached RMB 85,615,917, representing a 59.95% increase compared to RMB 53,525,039 in 2020[12] - The profit attributable to shareholders for 2021 was RMB 1,299,952, a decrease of 47.52% from RMB 2,476,921 in 2020[12] - The company's total revenue for the year ended December 31, 2021, was approximately RMB 85.616 billion, an increase of 59.95% compared to the previous year[23] - The attributable profit to shareholders was approximately RMB 1.3 billion, a decrease of 47.52% year-on-year, with basic earnings per share at RMB 1.15[23] - The net profit for the year was approximately RMB 1.551 billion, a decrease of 38.06% year-on-year, primarily due to rising prices of key raw materials[34] - The company's gross profit decreased by approximately 15.86% from RMB 5.49 billion in 2020 to RMB 4.62 billion in 2021, with an overall gross margin dropping by 4.86 percentage points to 5.40%[102] - Other income increased by approximately 65.15% from RMB 530 million in 2020 to RMB 876 million in 2021, primarily due to increased government subsidies[104] - Administrative expenses rose by approximately 25.05% from RMB 791 million in 2020 to RMB 989 million in 2021, mainly due to higher employee costs and consulting fees[106] Assets and Liabilities - Total assets as of December 31, 2021, amounted to RMB 32,738,944, up from RMB 23,200,435 in 2020, indicating a growth of 41.5%[14] - The company's total liabilities increased to RMB 17,362,012 in 2021 from RMB 13,741,146 in 2020, reflecting a rise of 26.5%[14] - The net assets/total equity for 2021 were RMB 15,376,932, a significant increase of 62.5% compared to RMB 9,459,289 in 2020[14] - The net debt ratio as of December 31, 2021, was -28.70%, indicating a strong cash position with total cash and bank balances of RMB 8.697 billion[117] - The asset-liability ratio as of December 31, 2021, was approximately 13.08%, up from 7.07% in 2020, reflecting an increase in leverage[123] Market Strategy and Expansion - The company plans to continue advancing its globalization strategy, focusing on the integration of industry, technology, and capital[21] - The company is expanding its international presence, establishing offices in Vietnam, India, and several African countries to enhance global market share[28] - The company aims to enhance its core industry chain by focusing on new energy batteries, resource recycling, and emerging industries for high-quality development[30] - The company is actively exploring smart energy storage solutions, developing lead-carbon and lithium-ion battery systems, with a high-performance lead-carbon battery project recognized with the China Industrial Award[64] - The company has established a marketing and after-sales network with over 3,000 dealers, continuously digitizing its sales network to enhance operational capabilities[52] Research and Development - The company launched a series of products that meet new national standards and market demands, further consolidating its leading position in the high-end environmental battery sector[25] - In 2021, the company participated in the formulation of 16 technical standards and completed over 600 patent applications, receiving multiple national honors[27] - The company is actively developing new battery technologies, including sodium-ion and solid-state batteries, and has introduced the "Power Durable" core technology system[38] - The company has applied for 27 patents related to lithium-ion battery recycling technology and has participated in the formulation of 40 national standards[95] - The company has launched the industry's first nano-carbon crystal battery using new materials and advanced technology, addressing issues with lead-acid battery additives[53] Corporate Governance - The company is committed to maintaining high standards of corporate governance to boost investor confidence and ensure transparency in operations[157] - The board of directors is reviewing its governance structure to assess the need for separating the roles of Chairman and CEO for improved operational efficiency[158] - The board consists of eight members as of December 31, 2021, including Dr. Zhang Tianren as the executive director, chairman, and CEO[159] - The company has implemented insurance coverage for legal claims against directors and officers, with annual reviews of the coverage[165] - The audit committee consists of three independent non-executive directors, with the main responsibilities including reviewing the financial reporting process and internal control systems[190] Sustainability and Innovation - The company emphasized a commitment to digital innovation and sustainable development as part of its operational philosophy[21] - The company is committed to accelerating the integration of the industrial chain and enhancing market competitiveness to contribute to global green energy development[30] - The company has established three internationally advanced circular economy industrial parks and has obtained recycling pilot qualifications in 15 provinces[94] - The company can process up to 700,000 tons of waste batteries annually, achieving a metal recovery rate of over 99%, a plastic recovery rate of 99%, and a residual acid recovery rate of 100%[95] - The company has developed a 150kW fuel cell module that successfully passed mandatory inspections, suitable for large buses and logistics vehicles[87] Future Outlook - The company provided a positive outlook for the upcoming year, projecting a revenue growth of 10% to 15% based on current market trends[149] - Strategic acquisitions are being considered, with a focus on companies that complement the existing product line and enhance technological capabilities[149] - The company plans to enhance its digital transformation efforts, investing 3 million in upgrading its information systems to improve operational efficiency[149] - A new marketing strategy is being implemented, aiming to increase brand awareness by 30% through targeted campaigns and partnerships[149] - The company aims to diversify risks associated with its traditional electric bicycle battery sales due to potential market downturns[137]