Core Viewpoint - Tianeng Power (00819.HK) reported a significant decline in revenue for the first half of 2025, primarily due to a drop in trading revenue, indicating challenges in the market [1] Financial Performance - The group's revenue for the first half of 2025 was approximately RMB 24.192 billion, a decrease of about 51.53% compared to the same period last year [1] - Manufacturing revenue was RMB 21.168 billion, down approximately 0.20% year-on-year, while trading revenue fell to RMB 3.024 billion, a decline of about 89.47% [1] - Gross profit for the period was around RMB 2.537 billion, a slight decrease of about 0.34% year-on-year [1] - The gross margin for manufacturing was approximately 11.93%, down by 0.20 percentage points compared to the previous year, mainly due to lower margins in low-speed power batteries and industrial batteries [1] - The profit attributable to shareholders for the period was RMB 0.820 billion, a year-on-year decrease of 11.68%, with basic earnings per share at RMB 0.728 [1] Cash Flow Management - The net cash flow from operating activities shifted from an outflow of approximately RMB 0.162 billion in the same period last year to an inflow of about RMB 0.891 billion, primarily due to improved management of inventory and payables [1]
天能动力(00819.HK)上半年纯利降11.68%至8.2亿元 营业额同比下降51.53%