Changes in Hong Kong stocks | Tianneng Dynamics (00819) fell by more than 3%, profit attributable to mid-term shareholders decreased by 65.33% year-on-year, and increased industry competition affected operating performance

The Zhitong Finance App learned that Tianneng Power (00819) fell by more than 3%. As of press release, it fell 3.63% to HK$4.38, with a turnover of HK$27.3194 million.

According to the news, on August 28, Tianneng Power announced the results for the six months ended June 30, 2026. The group achieved revenue of RMB 22.683 billion during the period, a year-on-year decrease of 6.24%; profit attributable to company owners was 284 million yuan, a year-on-year decrease of 65.33%; and basic profit per share was 25.24 points.

According to the announcement, the battery industry market demand, product structure and competitive landscape continued to evolve during the six-month period ended June 30, 2026 (during the reporting period). Affected by factors such as increased market competition and rising raw material costs, the Group's operating performance was under year-on-year pressure.