Tianneng Power International Limited (0819.HK) Bundle
From a modest start in 1986 to a public listing on the Hong Kong Main Board in 2007 under the ticker 0819.HK, Tianneng Power International Limited has evolved into a powerhouse in China's new energy battery sector, producing lead‑acid, lithium‑ion, hydrogen fuel cell and sodium‑ion technologies across 18 production bases in seven provinces plus an overseas center in Vietnam and driving innovation through 7 research and development centers; vertically integrated from R&D to recycling, Tianneng monetizes through manufacturing and global sales of motive, start‑stop and energy‑storage batteries, system solutions and recycling services, holds significant stakes in Tianneng Battery Group on the Shanghai STAR Market, is ranked among the top players in China's battery industry and global new energy enterprises, and has accelerated international expansion with overseas revenue growth of 75.39% in H1 2025, making its sustainability‑focused mission-anchored in Responsibility, Innovation, Striving and Sharing-central to its strategy and future R&D investments.
Tianneng Power International Limited (0819.HK): Intro
Tianneng Power International Limited (0819.HK) is one of China's leading new energy power battery manufacturers, with a diversified product portfolio spanning traditional lead-acid batteries to advanced lithium-ion, sodium-ion and hydrogen fuel cell solutions. Founded in 1986, the company has expanded from battery replacement and Pb-acid manufacturing into large-scale electrification and energy storage systems for vehicles and stationary markets.- Founded: 1986
- Hong Kong listing: 2007 (Main Board of The Stock Exchange of Hong Kong Limited; first mainland power-battery enterprise listed there)
- Production footprint: 18 production bases across seven Chinese provinces plus an overseas manufacturing center in Vietnam
- R&D: 7 research & development centers
- Product lines: Lead-acid batteries, lithium-ion batteries, sodium-ion batteries, hydrogen fuel cells, energy storage systems, battery management systems (BMS), recycling and battery replacement services
- Leadership engagement: In 2023 Chairman Zhang Tianren participated in a symposium with Premier Li Qiang on economic and new-energy industry development
- Manufacturing: Large-scale cell and pack production across multiple bases to serve two-wheelers, passenger EVs, commercial EVs, energy storage and aftermarket replacement.
- R&D and technology: Seven R&D centers focused on chemistry (Pb, Li, Na, H2), pack integration, fast-charging, BMS and recycling processes.
- Sales channels: OEM supply to vehicle manufacturers, branded product sales for aftermarket and dealers, exports and project contracts for grid/industrial energy storage.
- Vertical integration: In-house cell production, pack assembly, battery management software, and recycling/end-of-life processing to recover lead and critical materials.
- Overseas capacity: Vietnam manufacturing center to serve Southeast Asia and diversify supply chain footprint.
- OEM vehicle batteries - long-term contracts and volume sales to two-wheeler and EV manufacturers.
- Aftermarket battery replacement and branded sales for motorcycles, e-bikes and passenger vehicles.
- Energy storage systems (ESS) - project-based sales to commercial, industrial and utility-scale customers.
- Battery packs and system integration - for passenger EVs and commercial vehicles with higher margin on system-level integration and BMS.
- Recycling and materials recovery - revenue and cost-offset through recycling lead and other materials.
- Service and warranty offerings - extended warranties, swap/maintenance services and software-enabled services (telemetry, fleet management).
| Metric | Figure | Notes / Context |
|---|---|---|
| Founded | 1986 | Company origins in lead-acid battery manufacturing |
| Listing | 2007 (HKEX Main Board) | First mainland power-battery enterprise listed on HKEX |
| Production bases | 18 (China) + 1 (Vietnam) | Seven provinces in China; overseas manufacturing center in Vietnam |
| R&D centres | 7 | Focused on chemistry, BMS, pack integration and recycling |
| Core product families | Lead-acid, Li-ion, Na-ion, H2 fuel cells, ESS | Serving automotive, e-bike, commercial EV and stationary storage markets |
- Scale in traditional Pb-acid supply chain gives cost leverage for low-cost transport segments (e-bikes, motorcycles).
- R&D breadth (7 centres) and multi-chemistry product strategy enable migration to higher-value lithium, sodium and hydrogen products as markets evolve.
- Vertical integration from cell to pack to recycling reduces exposure to raw-material price swings and supports circular-economy credentials.
- Geographic diversification with domestic multi-base capacity and ASEAN presence (Vietnam) helps manage logistics and tariff risks.
Tianneng Power International Limited (0819.HK): History
Tianneng Power International Limited (0819.HK) is a Hong Kong-listed battery and energy-storage group incorporated in the Cayman Islands, with primary manufacturing and R&D operations concentrated in China and Vietnam. Since its origins in lead-acid and lithium battery manufacturing, the company has expanded into power batteries for two- and four-wheeled electric vehicles, energy storage systems and related recycling and battery-management services.- Stock listing: Hong Kong Stock Exchange, stock code 00819.HK.
- Incorporation: Cayman Islands; principal operations and manufacturing: China and Vietnam.
- Group structure: Parent company with multiple operating subsidiaries across Asia-Pacific, Europe, North America, the Middle East and Africa.
- Strategic stake: Tianneng Power holds a controlling/significant equity interest in Tianneng Battery Group Co., Ltd., which is listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange.
- Shareholder base: mix of institutional and retail investors providing capital and liquidity support for expansion and R&D.
- Cross-listed corporate form (Cayman-incorporated, HK-listed) facilitates international capital access and M&A flexibility.
- Major shareholdings in listed subsidiaries (Tianneng Battery Group on STAR Market) allow capital-market synergies and technology financing through domestic Chinese markets.
- Regional subsidiaries and joint ventures support localized sales, manufacturing scale and regulatory compliance in target export markets.
| Item | Detail / Figure |
|---|---|
| HKEX code | 00819.HK |
| Incorporation | Cayman Islands |
| Primary operations | China, Vietnam (manufacturing & R&D) |
| Global footprint | Asia‑Pacific, Europe, North America, Middle East, Africa |
| Stake in Tianneng Battery Group (STAR Market) | Significant / controlling interest (group-level strategic holding) |
| Typical revenue range (recent FYs) | Multi‑billion RMB annually (group consolidated) |
| Investor relations / further reading | Exploring Tianneng Power International Limited Investor Profile: Who's Buying and Why? |
- Battery manufacturing and sales: lead-acid and lithium batteries for motorcycles, electric two/three-wheelers and passenger vehicles.
- Energy storage systems: commercial and grid-edge ESS products and project deployments.
- After-sales & services: battery management systems (BMS), recycling and refurbishment services, extended warranties.
- Cross-subsidiary financing and tech monetization: leveraging listed subsidiary (STAR Market) for technology commercialization and capital raising to finance capacity expansion.
Tianneng Power International Limited (0819.HK): Ownership Structure
Tianneng Power International Limited (0819.HK) pursues a mission-driven strategy to provide environmentally friendly battery solutions across mobility, energy storage and industrial applications, emphasizing sustainable energy and long-term value creation.- Mission: Provide environmentally friendly battery solutions for various industries worldwide, focusing on sustainable energy and carbon reduction.
- Core values: Responsibility, Innovation, Striving, and Sharing - guiding decisions to enhance responsibility, continuous technological innovation, employee development, and value creation for customers and shareholders.
- Strategic aims: Boost core competitiveness, achieve high-quality development, deliver shareholder returns, and give back to communities through concrete actions and investments in green technology.
- Technology & product scope:
- Lead-acid batteries (motive and starter batteries)
- Lithium-ion batteries for EVs, two/three-wheelers and ESS
- Hydrogen fuel cell research and integration projects
- Sodium-ion battery development for large-scale energy storage
| Metric | Value (FY2023, reported) |
|---|---|
| Revenue | RMB 47.8 billion |
| Gross profit | RMB 9.6 billion |
| Net profit attributable to shareholders | RMB 3.1 billion |
| Total assets | RMB 70.2 billion |
| R&D spend | RMB 1.2 billion (approx.) |
| Employees | ~40,000 |
- Manufacturing and sales: Mass production of lead-acid and lithium batteries for OEMs and aftermarket channels - core revenue driver.
- Product diversification: Revenue from motorcycle and automotive starter batteries, motive power batteries (forklifts, e-scooters), energy storage systems (ESS), and emerging sodium-ion and fuel cell products.
- Vertical integration: In-house cell production, module/pack assembly and aftermarket distribution improve margins and supply security.
- Service and solutions: ESS project contracting, battery recycling and value-added services provide recurring revenue and enhance lifecycle value.
- Geographic mix: Strong domestic China market presence with growing exports to Southeast Asia, Europe and other regions.
- Listed on the Hong Kong Stock Exchange (0819.HK); senior management and founding stakeholders retain significant holdings, aligning long-term strategy with shareholder returns.
- Board focus: R&D investment, capacity expansion (cell and pack), environmental compliance and ESG disclosures to meet investor and regulatory expectations.
Tianneng Power International Limited (0819.HK): Mission and Values
Tianneng Power International Limited (0819.HK) is a leading integrated battery manufacturer and energy solutions provider headquartered in China. Its stated mission centers on delivering green, reliable energy storage solutions while advancing circular economy practices through recycling and resource reuse. The company's core values emphasize innovation, sustainability, quality, and customer-centric service. How It Works Tianneng operates a vertically integrated business model that spans the entire battery lifecycle - from R&D and raw-material processing to manufacturing, sales, smart logistics and end-of-life recycling. This integration enables tighter cost control, faster product iteration, and improved margins across product lines.- R&D and technology: Seven research and development centers drive product development across lead-acid, lithium-ion, sodium-ion and hydrogen fuel cell technologies, enabling rapid commercialization of new chemistries and formats.
- Manufacturing footprint: 18 production bases across seven Chinese provinces plus an overseas manufacturing center in Vietnam scale production and reduce supply-chain risk.
- Product portfolio: Offers lead-acid batteries (automotive and industrial), lithium-ion batteries for e-mobility and energy storage systems (ESS), emerging sodium-ion cells, and hydrogen fuel cell modules.
- Smart logistics & manufacturing: Proprietary smart logistics platforms and green, intelligent manufacturing parks optimize inventory turns, shorten delivery lead times and improve factory utilization.
- Recycling & circularity: Integrated recycling plants and cyclic utilization programs recover lead, lithium and other materials from spent batteries to lower raw-material dependency and environmental impact.
| Metric | Detail / Scale |
|---|---|
| Production bases | 18 bases across 7 Chinese provinces; 1 overseas center in Vietnam |
| R&D centers | 7 research & development centers |
| Main product types | Lead-acid, lithium-ion, sodium-ion, hydrogen fuel cells |
| Recycling facilities | Multiple dedicated recycling plants integrated with manufacturing (company-operated) |
| Stock listing | Hong Kong Stock Exchange: 0819.HK |
- Battery sales: Core revenue from lead-acid and lithium-ion batteries for motorcycles, passenger vehicles, commercial vehicles, electric two-/three-wheelers, and industrial applications (UPS, telecom, ESS).
- Energy storage systems (ESS): Sales and system integration of ESS for utility, commercial & industrial customers; growing contribution as grid-scale and distributed storage demand rises.
- Hydrogen and new-energy solutions: Commercialization of hydrogen fuel cells and related modules targeting commercial vehicles and niche applications.
- Recycling & materials: Revenue from recycling operations and sale of recovered materials; reduces input costs and creates an internal supply stream.
- Value-added services: After-sales, warranty services, smart battery management systems (BMS), and logistics services that increase recurring revenue and customer retention.
| Item | Figure (Approx.) |
|---|---|
| Annual revenue (most recent fiscal year) | RMB ~34.6 billion |
| Net profit (most recent fiscal year) | RMB ~3.2 billion |
| Employee count | Tens of thousands across China and Vietnam |
| R&D investment | Significant annual R&D spend to support 7 centres (company percentage of revenue invested in R&D varies by year) |
- Closed-loop recycling: Facilities recover lead and lithium from spent batteries and reintroduce materials into production to reduce virgin-material demand.
- Green parks: "Green and intelligent" manufacturing parks use energy-efficient processes and emissions controls to lower manufacturing carbon intensity.
- Product lifecycles: Design for recyclability and battery management systems extend usable life and improve second-life application potential for ESS.
- Vertical integration reduces input-cost exposure and shortens time-to-market for technology upgrades.
- Broad product mix (lead-acid to advanced lithium and sodium-ion) allows capturing demand across legacy and emerging markets.
- Geographic manufacturing spread (China + Vietnam) helps manage tariff and logistics risks while supporting export markets.
- Investment in R&D and recycling acts as a moat by lowering costs and supporting regulatory compliance for battery disposal.
Tianneng Power International Limited (0819.HK): How It Works
Tianneng Power International Limited (0819.HK) generates revenue and competitive advantage by integrating large-scale battery manufacturing, system integration, aftermarket services (including recycling), and global sales and distribution. Its business model spans component manufacturing, battery pack/system solutions, energy-storage projects and circular-economy services, enabling multiple monetization routes across consumer, commercial and utility end markets.- Primary product lines: lead-acid batteries, lithium‑ion batteries, emerging sodium‑ion chemistries, and hydrogen fuel cell products.
- End markets served: motive (e‑mobility-motorcycles, EV two/three‑wheelers, forklifts), automotive start‑stop, industrial (UPS, telecom, data centers), and utility-scale & behind‑the‑meter energy storage.
- Value chain participation: R&D → cell/module production → battery pack & BMS integration → system deployment → recycling & reuse.
- Manufacturing and product sales: direct sale of cells, battery modules and complete battery systems to OEMs and system integrators across motive, start‑stop and ESS (energy storage system) segments.
- System integration & engineering services: design and supply of integrated battery systems (BMS, thermal management, enclosures) commanding higher margins than commodity cells.
- Project contracting and installations: revenue from turnkey ESS projects and e‑mobility fleet deployments, including long‑term maintenance contracts.
- Aftermarket & recycling: reverse logistics, battery collection, lead‑acid and lithium‑ion recycling streams that recover metals and materials for resale or reuse, reducing input costs and creating service revenue.
- R&D and licensing: commercializing proprietary chemistries, cell designs and battery management software; occasional licensing or joint‑development income with OEMs and partners.
- Product breadth: ability to supply both legacy lead‑acid for low‑cost motive/start‑stop customers and higher‑value lithium‑ion & sodium‑ion solutions for fast‑growing ESS and electric vehicle niches.
- Integrated supply chain: in‑house cell and pack production plus recycling improves margin resilience against raw‑material volatility.
- Global distribution: sales and service presence across Asia‑Pacific, Europe, North America, the Middle East and Africa expands addressable markets and reduces customer concentration risk.
- R&D-led innovation: continual product upgrades (energy density, cycle life, safety/BMS features) support price premia and market share gains.
- Sustainability positioning: end‑to‑end recycling and focus on green energy solutions attract institutional customers and partners aligned with ESG purchasing mandates.
| Revenue Stream | What It Includes | Typical Customer | Margin Profile |
|---|---|---|---|
| Cell & Battery Sales | Lead‑acid, lithium‑ion cells, sodium‑ion cells | OEMs (automotive, motorcycle), distributors | Low-Medium (commodity competitive) |
| Battery Packs & System Integration | Packs, BMS, thermal management, certified battery systems | EV fleets, e‑mobility OEMs, industrial customers | Medium-High (value‑added engineering) |
| Energy Storage Projects | Utility/Commercial/Industrial ESS installations, EPC services | Utilities, IPPs, commercial & industrial clients | Medium-High (project & services revenue) |
| Aftermarket & Recycling | Battery collection, material reclamation, refurbishment | End users, municipal programs, OEMs | Variable (recovered material value offsets costs) |
| R&D, Licensing & Services | Proprietary tech licensing, testing, maintenance contracts | Industrial partners, OEMs | Medium-High (intangible‑asset monetization) |
- Scale manufacturing capacity to lower unit costs and win OEM contracts.
- Shift product mix toward higher‑margin lithium‑ion, sodium‑ion and system sales as demand transitions away from commodity lead‑acid.
- Monetize recycling streams to reduce raw material procurement and create secondary revenue.
- Expand global sales network and local partnerships to capture growth in Europe, North America and emerging markets.
- Invest in R&D to shorten product development cycles and maintain differentiation in energy density, lifecycle and safety.
- Product portfolio covers motive batteries, start‑stop automotive batteries, industrial UPS/telecom batteries, sodium‑ion pilot products and hydrogen fuel cell modules.
- Global footprint: direct operations and distribution across Asia‑Pacific, Europe, North America, the Middle East and Africa.
- Circularity: active lead‑acid recycling networks and expanding lithium‑ion collection/recycling facilities to capture residual value and meet regulatory requirements.
- Growth focus: scale ESS deployments and higher‑value e‑mobility system contracts while transitioning product mix toward more sustainable chemistries.
- Listed on the Hong Kong Stock Exchange under the ticker 0819.HK.
- Corporate strategy emphasizes R&D, vertical integration and international expansion to sustain revenue diversification and margin improvement.
Tianneng Power International Limited (0819.HK): How It Makes Money
Tianneng Power earns revenue primarily through the manufacture and sale of batteries and related services, leveraging scale in lead-acid batteries while expanding into lithium, energy storage and international markets.- Core revenue streams: lead‑acid batteries for two‑wheelers and industrial use, lithium batteries, energy storage systems, battery recycling and after‑sales services.
- Geographic mix: strong domestic sales in China with rapidly growing overseas revenue (H1 2025 overseas revenue +75.39% YoY).
- Value drivers: volume manufacturing, vertical integration (recycling & component supply), and R&D-driven product upgrades.
| Revenue Category | Primary Customers | Representative H1 2025 Share (approx.) |
|---|---|---|
| Lead‑acid batteries | Electric two‑wheelers, starter batteries, industrial applications | ~60% |
| Lithium batteries & EV components | Light electric vehicles, consumer EVs, OEMs | ~18% |
| Energy storage systems | Grid/storage integrators, commercial & industrial users | ~12% |
| Recycling, services & others | Battery recycling partners, after‑sales service, components | ~10% |
- Leadership: Recognized as a leading enterprise in China's new energy power battery industry and holding a top position in the lead‑acid battery market.
- Industry ranking: Listed among the top 10 in the Chinese battery industry and ranked among the top 500 Chinese enterprises; also recognized among global top 500 new energy enterprises.
- International expansion: Overseas revenue surged 75.39% in H1 2025 vs H1 2024, reflecting accelerated globalization and export growth.
- R&D & capex focus: Continued investment in R&D to advance battery chemistry, manufacturing efficiency and larger energy storage solutions to meet shifting market demand.
- Sustainability: Commitment to environmentally friendly solutions and battery recycling positions the company to capitalize on global green energy and circular economy trends.
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