Tianneng Battery (SH:688819)2025-02-27 08:50Financial Performance - Total revenue for 2024 was RMB 4,518,423.25 million, a decrease of 5.37% compared to the previous year[4] - Net profit attributable to shareholders was RMB 156,501.78 million, down 32.09% year-on-year[4] - Net profit excluding non-recurring gains and losses was RMB 108,850.01 million, a decline of 42.20% compared to the previous year[4] - Basic earnings per share decreased to RMB 1.61, down 32.07% from RMB 2.37 in the previous year[4] Assets and Equity - Total assets increased by 24.16% to RMB 4,448,964.34 million compared to the previous year[5] - Shareholders' equity attributable to the company rose by 3.54% to RMB 1,596,797.58 million[5] - Earnings per share increased to RMB 16.43, reflecting a growth of 3.59% year-on-year[5] Revenue Decline Factors - The decline in revenue was primarily due to a decrease in lead-acid battery sales influenced by industry policy changes[6] - The drop in net profit was also attributed to significant increases in raw material prices, which reduced gross margins[7] Financial Data Disclaimer - The company warns that the financial data presented is preliminary and may differ from the final audited report[8]