On October 30, TianNeng Energy (688819.SH) fell more than 7%, with the stock price falling below 30 yuan, and the total market value of 29.1 billion yuan. The company's third-quarter revenue was 11.227 billion yuan, a 16.59% year-on-year decrease; net income attributable to parent company was 0.27 billion yuan, a 56.4% year-on-year decrease, a 60.97% decrease from the previous quarter. In response to the decline in performance, TianNeng Energy stated that the significant increase in raw material prices in the first half of the year combined with a decrease in sales volume in the third quarter caused the decline. (Gelonghui)