Tianneng Battery is founded in 1986, and located in China's green energy center, Changxing, Zhejiang province, the hinterland of Yangtze river delta, Tianneng Battery focuses on environmentally friendly power batteries, combining research, development, production, sales and services of lead-acid batteries, lithium-ion batteries, wind energy, and solar energy storage battery, which is the leading green power energy manufacturer in China.
With scientific management methods, the competitive advantage of Tianneng Group is outstanding. On January 18, 2021, Tianneng Battery was successfully listed on Shanghai Star market. At present, the group has a sales revenue of more than 30 billion in 2020, and more than 20000 employees. Tianneng Battery now has twelve production bases in Zhejiang Province, Jiangsu Province, Anhui Province, Henan Province, Guizhou Province and Jiangxi Provincewith a total asset of over 19 billion yuan. The company is one of the leading companies in the production and sales of electric vehicle batteries over 16 consecutive years.
The group is a national key support of new and high technology enterprises, the national torch plan key high-tech enterprises, the national light industry advanced collective, industry leading backbone enterprises in Zhejiang province, deputy director of the national committee for standardization battery committee member units. The group is ranked among the top 500 manufacturers in China and the top 500 private enterprises in China. It has national doctoral workstations, provincial academician expert workstations, one provincial enterprise technology center, and one provincial high-tech research and development center. Tiannenghas accumulatively obtained 2175 national patents and 431 innovative patents, and also undertake 10 national torch program and 10 spark program project in the meantime.
The "Tianneng" brand battery has become national key new product, famous brand products of Zhejiang province, and high-tech products of Zhejiang province. The "Tianneng “trademark has won the well-known trademarks, famous trademark of Zhejiang province. In response to developing circular economy of China, Tianneng Group will be actively committed to the development of new energy industry, make best efforts to implement innovation and entrepreneurship, achieve the strategic target of "to become the world's leading supplier of green energy", strive to make more contributions to improve people's livelihood, the practice of industry, as well as building a harmonious society.
| Full name | Tianneng Battery Group Co., Ltd. |
|---|---|
| Abbreviations | TN Battery |
| Code | 688819 |
| Founded | 2003-03-13 |
| Listing | 2021-01-18 |
| Domicile | Changxing, Zhejiang province |
| dshbgs@tiannenggroup.com | |
| STAR Theme | New energy |
| CSRC Sector | Manufacturing |
| Has weighted voting rights structure? | No |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Earnings Per Share | 2.66 | 1.80 | 1.53 |
| R&D expenditure as a % of operating revenue | 3.54% | 2.67% | 3.11% |
| Operating Revenue | 35,099,877,943.80 | 42,744,368,175.83 | 35,862,842,259.89 |
| Net Income | 2,319,055,979.11 | 1,548,939,757.88 | 1,264,966,690.80 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Operating Revenue | 35,099.88 | 42,744.37 | 35,862.84 |
| Operating Costs | 28,006.36 | 36,465.41 | 29,902.37 |
| Operating Income | 2,712.13 | 1,878.55 | 1,579.79 |
| Pretax Income | 2,737.10 | 1,879.70 | 1,524.94 |
| Income Tax | 418.04 | 330.76 | 259.97 |
| Net Income | 2,319.06 | 1,548.94 | 1,264.97 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 13,677.45 | 12,394.35 | 11,593.88 |
| Non-current Assets-Total | 5,965.67 | 5,563.50 | 5,097.08 |
| Total Assets | 19,643.12 | 17,957.84 | 16,690.96 |
| Liabilities | |||
| Current Liabilities-Total | 10,727.65 | 11,226.83 | 11,133.22 |
| Non-current Liabilities-Total | 1,787.44 | 1,390.14 | 1,516.09 |
| Total Liabilities | 12,515.09 | 12,616.98 | 12,649.3 |
| Stockholder's Equity | |||
| Share Capital | 855.50 | 855.50 | 618.09 |
| Retained Profits | 4,439.62 | 2,792.87 | 2,686.61 |
| Total Owners' Equity | 7,128.03 | 5,340.87 | 4,041.66 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Net Cash Flows-Operating | 2,700.66 | 1,841.62 | 2,110.88 |
| Net Cash Flows-Investing | -478.22 | -569.66 | -1,487.87 |
| Net Cash Flows-Financing | -1,624.91 | -1,679.85 | -630.81 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| Tianneng Holdings | 796 | 81.88% |
| Changxing Honghao Equity Investment Partnership (Limited Partnership) | 9.14 | 0.94% |
| Three Gorges Jianxin(Beijing)Investment Fund Management Co., Ltd. Three Gorges Ruiyuan Innovation and Entrepreneurship Equity Investment Fund (Tianjin) Partnership (Limited Partnership) | 8.63 | 0.89% |
| Changxing Yurong Equity Investment Partnership | 8.46 | 0.87% |
| Changxing Hongtai Equity Investment Partnership (Limited Partnership) | 6.59 | 0.68% |
| Changxing Yujia Equity Investment Partnership (Limited Partnership) | 5.74 | 0.59% |
| Changxing Yufeng Equity Investment Partnership (Limited Partnership) | 5.64 | 0.58% |
| Changxing Yuhe Equity Investment Partnership (Limited Partnership) | 5.63 | 0.58% |
| Changxing Xingneng Equity Investment Partnership Limited Partnership) | 4.7 | 0.48% |
| Zhengjiang Tianneng Investment management Co., Ltd | 4 | 0.41% |
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