Group 1 - The core viewpoint of the article emphasizes the launch of four new national standard lithium battery cell products by Tianneng Lithium Battery, showcasing the company's commitment to innovation and leadership in the industry [1] - Tianneng's chairman proposed a "three major boundary-breaking" strategy aimed at eliminating biases, barriers, and technological limits, with a focus on lightweight, strong endurance, and high performance [1] - The new battery packs, 6-DZF-16 and 6-DZF-20, are designed to meet the latest national safety standards for electric bicycles, featuring advanced technology and significant improvements in energy density [1][2] Group 2 - The 6-DZF-20 battery pack weighs 5.5 kg, significantly reducing the overall weight of electric vehicles while providing a capacity of 20Ah, thus meeting national weight limits [2] - The 6-DZF-16 battery pack boasts a cycle life of over 350 times, allowing for a normal usage period of 2-3 years, extendable to 3-5 years with proper maintenance, which greatly reduces replacement frequency and overall usage costs [2] - Cangzhou Zhongfu New Energy Materials Co., Ltd. focuses on the research and production of gel polymer electrolyte membranes, contributing to the innovation of lithium battery materials and the development of the new energy industry [3] Group 3 - The company has developed the "Seraph" gel polymer electrolyte membrane, which utilizes a unique in-situ solidification technology for liquid electrolytes, enhancing energy density and safety levels of battery cells [3] - The four core technological advantages include seamless adaptation to production lines, chemical stability, inherent flame retardancy, and high extensibility, which collectively enhance battery safety and performance [4][5]

Group 1 - The company, Tianneng Power (00819), announced plans to broaden its financing channels and optimize its financing structure [1] - Tianneng Co., a subsidiary indirectly owned 86.53% by the company, intends to apply for the registration and issuance of corporate bonds totaling up to RMB 2 billion (including RMB 2 billion) on the Shanghai Stock Exchange's Sci-Tech Innovation Board, with a maximum term of five years from the issuance date [1] - Tianneng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing instruments totaling up to RMB 2 billion (including RMB 2 billion), with a maximum term of five years from the issuance date [1]

Core Viewpoint - TianNeng Power (00819) aims to expand its financing channels and optimize its financing structure through the issuance of bonds and debt financing tools totaling up to RMB 40 billion [1] Group 1: Bond Issuance - TianNeng Co. proposes to apply for the registration and issuance of corporate bonds with a total principal amount of up to RMB 20 billion, with a maturity of up to five years from the issuance date [1] - The bonds will be issued in one or more tranches to qualified professional investors [1] Group 2: Debt Financing Tools - TianNeng Holdings, a wholly-owned subsidiary of the company, plans to apply for the registration and issuance of targeted debt financing tools with a total principal amount of up to RMB 20 billion, also with a maturity of up to five years from the issuance date [1] - These targeted debt financing tools will be issued in one or more tranches to specific institutional investors in the interbank bond market [1]

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告的內容概不負責， 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告全部或任何部 分內容而產生或因倚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） 海外監管公告 本海外監管公告乃根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市 規則」）第13.10B條刊發。 請參閱隨附天能電池集團股份有限公司（「天能股份」）於上海證券交易所科創板（「科 創板」）刊發之公告（「該公告」），內容有關其註冊發行公司債券事宜。 天能股份為一家於科創板上市之公司。於本公告日期，本公司控制天能股份已發行 股本約86.53%及其註冊發行公司債券。 为进一步拓宽公司融资渠道、优化融资结构，天能电池集团股份有 限公司（以下简称"公司"）拟在上海证券交易所申请注册发行公司债 券，具体情况如下： 於聯交所網站登載該公告，僅為向香港投資者進行同等的資訊傳達及遵守上市規則 第13 ...

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告的內容概不負責，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告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司證券的邀請或要約。 TIANNENG POWER INTERNATIONAL LIMITED 00819 本公司之附屬公司建議於中國發行公司債券及定向債務融資工具 本公告乃根據上市規則第13.09(2)及13.10B條以及證券及期貨條例第XIVA部項下內幕 消息條文而作出。 董事會欣然宣佈，為進一步拓寬本集團之融資渠道及優化其融資架構： - 1 - (1) 天能股份（本公司間接擁有86.53%權益之附屬公司及其股份於上交所科創板上市） 建議向上交所申請註冊及發行本金總額最多人民幣20億元（含20億元）之公司債 券，期限自發行日期起計最多五年（含五年），並建議向合資格專業投資者分一批 或多批發行公司債券；及 (2) 天能控股（本公司之間接全資附屬公司）建議向交易商協會申請註冊及發行本金總 額最多人民幣20億元（含20億元）之定向債務融資工具，期限自發行日期起計最 ...

Core Viewpoint - The article discusses the recent developments in the commercial energy storage sector in Anhui, highlighting significant projects and collaborations aimed at enhancing energy storage capabilities and integrating renewable energy solutions [2][5]. Group 1: Project Developments - A 37.5MW/100.5MWh energy storage station has been successfully connected to the grid in He County, Anhui, marking it as the largest user-side energy storage project in the region [3][5]. - The total investment for the He County project is 115 million yuan, and it employs a lithium iron phosphate storage system [5]. - As of now, there are 23 publicly announced user-side energy storage projects in Anhui since 2025, with a total capacity of 484.874MW/1451.319MWh [6][8]. Group 2: Project Distribution and Collaboration - The projects are primarily located in cities such as Hefei, Anqing, and Wuhu, with Hefei accounting for 32% of the total projects [6]. - The collaboration between Tianneng and Honghua Smart Energy aims to deepen strategic partnerships focusing on multi-scenario applications and virtual power plant construction [5]. - The largest tender project announced is a 300MW/600MWh user-side energy storage project in Woyang County [8]. Group 3: Future Prospects - The article indicates a growing trend in the energy storage market, with various companies like China Power Construction and Sunshine Power involved in the development of these projects [6][11]. - The integration of energy storage with renewable energy sources is emphasized as a key strategy for future energy solutions [5][6].

Core Viewpoint - The company is actively exploring new models of cooperation between banks and enterprises, focusing on deep integration through party building and tailored financial services to support the real economy [1] Group 1: Party Building and Financial Solutions - The company utilizes party building as a bridge to enhance trust and cooperation between banks and enterprises, creating a dual-driven approach of "Party Building + Business" [2] - A customized "full-cycle" financial solution is developed, moving away from traditional product-centric models to a layered and scenario-based service system tailored to the characteristics of the TianNeng battery industry [2] - The company offers flexible credit solutions, such as a 6-month seasonal inventory loan for upstream distributors, addressing short-term liquidity challenges [2] Group 2: Interactive Engagement and Experience - The company enhances communication efficiency by designing immersive interaction scenarios, resulting in the collection of 45 effective financing needs, with 32 converting into actual business [3] - Informal social settings, such as self-service tea breaks, are created to facilitate comfortable communication between account managers and distributors, capturing potential needs [3] - One-on-one consultations are conducted to address specific pain points of distributors, leading to tailored financial solutions [3] Group 3: Long-term Service and Support - A "closed-loop service" system is established to ensure that cooperation is sustained beyond initial engagements, with 15 distributors already completing loan approvals through dedicated teams [4] - Physical touchpoints are utilized to maintain relationships, inviting distributors to local branches and establishing direct communication channels [4] - A dedicated service team is formed to oversee the entire loan process, promising feedback within 3 working days and loan disbursement within 7 working days, thereby building trust through efficiency [4]

Core Insights - The 2025 Indonesia Asia Bike Exhibition was held in Jakarta, showcasing TianNeng Battery's diverse power solutions for various applications, including transportation and industrial logistics [1] - TianNeng highlighted its high-temperature lead-acid batteries, lithium battery solutions, and traction batteries, demonstrating its capabilities in the power energy sector and technological innovation [1] - The company introduced its high-temperature battery technology at a concurrent technology development forum, addressing the unique climate conditions in Indonesia and the high-frequency usage scenarios of electric two-wheelers and three-wheelers [1] Group 1 - TianNeng's high-temperature batteries significantly improve heat resistance, cycle life, and voltage stability compared to standard batteries, enhancing user experience in Indonesia's high-temperature environment [1] - The company plans to increase product investment and channel development in Southeast Asia, launching customized solutions tailored to local conditions [1] Group 2 - In addition to optimizing lead-acid batteries, TianNeng is actively promoting the commercialization and large-scale application of lithium battery technology, which offers high energy density, lightweight design, fast charging, and high safety [2] - The lithium battery solutions have been customized for the Indonesian market, focusing on high-temperature resistance, BMS management systems, and modular structures, supporting a dual approach of lead and lithium battery technologies [2] - Since entering the Indonesian market in 2023, TianNeng has been advancing its localization strategy, establishing an office in Indonesia in 2024 to build a local support system for channels, services, and brand operations [2]

Core Insights - The company is leveraging an "AI + ecosystem" strategy to transform its manufacturing processes and create a comprehensive ecosystem that integrates smart manufacturing, supply chain collaboration, and digital marketing [1][2] - The focus on "green development" and "intelligent efficiency" is driving significant changes in production processes, leading to reduced energy consumption and costs while exploring new digital applications [1] - The establishment of the "Future Factory" project in 2019 has enabled the company to implement advanced automation and digital technologies, enhancing sustainability and operational efficiency [1] Manufacturing Innovations - The company has developed an industrial internet platform that connects core enterprises in the supply chain, enhancing collaboration and efficiency [2] - The implementation of a Manufacturing Execution System (MES) has improved raw material inventory turnover rates and accelerated product development cycles through an "AI + expert" model [2] - The Wu Mountain Smart Factory, launched in 2022, serves as a model for replicating smart manufacturing practices across various core production bases [2] Technological Advancements - The company is advancing 5G applications in logistics, predictive maintenance, and production monitoring, with the Puyang Company achieving over 98% 5G network coverage [2] - The integration of 5G technology has led to a 20% reduction in delivery times, a 20% increase in production capacity, and a 30% rise in output [2] Market and Customer Engagement - Real-time data visualization across thousands of terminal points has improved market identification efficiency by five times, enabling grid-based market management [3] - The use of user profile data has driven personalized marketing efforts, resulting in a continuous increase in the sales proportion of high-value products [3] - The company has developed a community marketing engine utilizing AI technologies to generate personalized marketing content, enhancing conversion rates and customer retention [3]

Summary of TianNeng Power's Conference Call Company Overview - TianNeng Power was established in 1986 and listed on the Hong Kong main board in 2007. In 2021, its subsidiary TianNeng Co. successfully spun off and listed on the Shanghai Stock Exchange's Sci-Tech Innovation Board [3][4]. Financial Performance - In 2024, TianNeng Power reported a revenue of 76.669 billion yuan, a year-on-year decrease of 8.61%. The net profit attributable to shareholders was 1.142 billion yuan, down 37.29% [3][4]. - The manufacturing revenue reached 43.059 billion yuan, with lead-acid batteries accounting for approximately 39.854 billion yuan, representing 91% of manufacturing revenue [4]. - The lithium-ion battery segment generated about 0.478 billion yuan in revenue, while the recycling industry contributed over 2.721 billion yuan [4]. Business Developments - The company is actively expanding into diverse application scenarios, including automotive starting systems, communication base stations, and backup power sources. It is also investing in lithium-ion, hydrogen fuel, sodium-ion, and solid-state battery technologies to meet various customer needs [3][4]. - In the lithium-ion battery sector, the focus is on low-speed power and energy storage applications, with successful product launches in low-speed vehicle-grade lithium batteries and solid-state battery cells [3][6]. - The recycling business has a capacity of 1.2 million tons for waste disposal, with a material recovery rate exceeding 99.5%. The recycling industry value reached 12.9 billion yuan, generating over 2.7 billion yuan in external revenue [7][4]. International Expansion - The company has seen rapid growth in overseas markets, with a manufacturing base in Vietnam that is currently under construction, contributing to an overseas revenue of 0.31 billion yuan, a year-on-year increase of 28% [3][4]. Market Outlook - The first quarter of 2025 shows signs of industry recovery, particularly in the two-wheeler market. The company remains optimistic about the lead-acid battery market and is focused on international expansion [9][10]. - The management expects to see improvements in financial performance as lead prices return to normal levels, alleviating cost pressures [15][14]. Challenges and Adjustments - The lead-acid battery market faced challenges due to price volatility and regulatory changes, impacting demand in the second half of 2024. However, the company anticipates growth opportunities from the old-for-new policy [5][12]. - The lithium battery segment reported a revenue of approximately 0.5 billion yuan but incurred a loss of 0.86 billion yuan. Adjustments in product offerings and sales strategies are expected to lead to a positive contribution within 1 to 2 years [24][25]. Strategic Focus - The company aims to solidify its core business while expanding into various application markets, enhancing channel development, and accelerating new commercialization efforts [8]. - Future capital expenditures will focus on smart upgrades in the lead-acid battery sector, new product development, and investments in lithium battery projects, with a significant reduction expected in the coming years [19][27]. Recycling and Sustainability - The company emphasizes resource recycling and regeneration, with a focus on lead-acid and lithium battery recycling. The management believes that the circular economy will have a positive outlook under national policy guidance [18][17]. Conclusion - TianNeng Power is navigating a challenging market environment with strategic adjustments and a focus on innovation and international expansion. The company is well-positioned to leverage its strengths in the lead-acid battery market while exploring new opportunities in lithium and other emerging technologies [16][34].