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Tianneng Power International Ltd gives FY 2013 guidance


Thursday, 19 Dec 2013 07:32am EST 

Tianneng Power International Ltd:Expects to record a higher increase in the turnover of the group for FY 2013, as compared to that for FY 2012, though its profit is expected to decline considerably.The board has these expectations mainly because the selling prices of the group’s products have decreased as compared with FY 2012 and been remained at a low level due to intense competition as a result of the accelerated consolidation of the PRC lead-acid motive battery industry since 2012. 

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