Tianneng Battery (SH:688819) Zhong Guo Jing Ji Wang·2026-01-09 08:45Core Viewpoint - TianNeng Co., Ltd. plans to use up to RMB 12 billion of temporarily idle self-owned funds for entrusted wealth management, ensuring that daily operational funding needs and the safety of self-owned funds are not affected [1][2]. Group 1: Wealth Management Plan - The company and its subsidiaries will invest in low to medium-risk financial products with high safety and liquidity, including but not limited to bond investments, money market funds, and entrusted financial products [1]. - The investment period is valid for 12 months from the date of approval by the board of directors [1]. Group 2: Company Background - TianNeng Co., Ltd. was listed on the Sci-Tech Innovation Board on January 18, 2021, with an issuance price of RMB 41.79 per share and a total issuance of 117 million shares [2]. - The company raised a total of RMB 4.873 billion, with a net amount of RMB 4.730 billion after deducting issuance costs, which was RMB 1.135 billion more than the original plan [3]. Group 3: Use of Funds - The raised funds are intended for various projects, including green intelligent manufacturing upgrades, high-energy power lithium battery projects, and the establishment of a national-level technology center [3]. - The issuance costs amounted to RMB 143 million, with the underwriting institution CITIC Securities receiving RMB 114 million in fees [4].