Jan 28, 2021 09:16 PM (GMT+8) · EqualOcean
Tianneng shares announced that it is expected that the net profit attributable to the owners of the parent company in 2020 will increase by 758 million yuan to 958 million yuan compared with the same period last year, with a year-on-year increase of 50.81% to 64.22%. Benefited from the company's industrial status, brand effect and pricing mechanism, the decline of the company's lead-acid battery price is less than that of the cost, which leads to the rise of the company's lead-acid battery gross profit margin. At the same time, the market demand for lead-acid battery products increased, resulting in a year-on-year increase in sales. The increase of gross profit margin and sales volume of lead-acid battery lead to the corresponding increase of net profit attributable to shareholders of the parent company.

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