According to the Zhiyun Finance APP, TIANNENG POWER (00819) is currently up over 4%. As of this report, it has risen 3.74% to HKD 7.49, with a transaction amount of 21.0277 million HKD.

In the news, HTSC has released a Research Report stating that in the domestic two-wheeler market, the draft for public consultation on the new national standard for two-wheelers to be released in September 2024 proposes to relax the whole vehicle weight limit using lead Rechargeable Battery from 55 kg to 63 kg, which can increase the single vehicle's electric load of lead-acid battery models and enhance the range, Bullish for the application of lead-acid batteries. With the formal implementation of the new national standard at the end of the year or early next year, combined with the national old-for-new subsidy policy, it will drive the growth in lead-acid battery demand, and TIANNENG POWER, as a leading enterprise, is expected to benefit significantly.

CICC previously pointed out that looking forward to the second half of 2024, stimulated by local "old-for-new" policy subsidies, and after the anticipation of the new national standard's release alleviating Dealers' wait-and-see mood, we expect the demand for electric two-wheelers to recover, driving the company's shipment growth; at the same time, the company began gradually adjusting prices after May, which will be fully reflected starting in the third quarter of 2024, along with the recent drop in lead prices, we expect the company's lead Rechargeable Battery gross margin to see a recovery.