Tianneng Battery Group (688819) Fair Value & Analysis

Consumer Cyclical · CN · Market cap 23.8B CNY

A solid business, screening 62% undervalued on our models.

What matters now

• The price is below even our cautious bear case (¥27.00). The market is more pessimistic than our downside scenario.
• Solid quality (59/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range ¥20.45 – ¥55.03 · fair‑value band ¥27.00 – ¥45.00 · the ¥22.17 price screens below the ¥36.00 fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Tianneng Battery Group (688819) currently trades at ¥22.17, while our model-based Fair Value estimate is ¥36.00, implying the stock looks roughly 62.4% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Tianneng Battery Group generated revenue of 45.3B CNY at a net margin of 2.8%. Revenue declined 4.8% year over year. It earns a return on equity of 7.5%. The balance sheet holds a net cash position of 10.5B CNY. Fundamentals as of Jul 12, 2026

Our scenario range runs from ¥27.00 (bear case) to ¥45.00 (bull case); at ¥22.17, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 39% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -44% fair-value upside, at 62%, 688819 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Widest divergence: DCF Models (¥75.36) versus Dividend Discount (¥8.91). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Tianneng Battery Group Co., Ltd. researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally.

Full company description

Tianneng Battery Group Co., Ltd. researches, develops, produces, and sells electric special vehicle and new energy vehicle power batteries, automotive start-stop batteries, energy storage batteries, 3C batteries, backup batteries, and fuel cells in China and internationally. The company offers lead-acid battery, such as traction, energy storage, and SLI battery; lithium-ion battery, including lithium-ion battery cell, motive and traction battery, and reserve/energy storage; and hybrid energy storage system and BESS container. It offers light electric vehicle battery, SLI battery, back up power/reserve battery, traction battery, and battery recycling solutions, as well as sustainable energy storage solutions comprising household, industrial and commercial, and smart microgrid energy storage solutions. In addition, the company offers sodium, hydrogen electric, solid-state, and new materials solutions, as well as value-added services. The company was founded in 1986 and is headquartered in Huzhou, China. Tianneng Battery Group Co., Ltd. operates as a subsidiary of Tianneng Holding Group Co., Ltd.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Tianneng Battery Group reported revenue of ¥45.8B in FY2025 versus ¥38.7B in FY2021, a compound +4.3%/yr. Reported net income was ¥1.6B in FY2025, compounding +3.8%/yr from FY2021.

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Peer Group

Auto Parts · 642 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Valuation Multiples vs Auto Parts median · lower = cheaper

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Frequently asked questions

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.