EVE Energy (300014) Q4 2025 earnings summary

Executive summary

• Revenue reached ¥61.47 billion in 2025, up 26.44% year-over-year; net profit attributable to shareholders was ¥4.13 billion, up 1.44% year-over-year.

• Power battery shipments grew 65.56% to 50.15GWh; energy storage battery shipments rose 40.84% to 71.05GWh.

• All core business segments—consumer, power, and energy storage batteries—achieved robust growth and market share gains.

• The company maintained its leading position in global lithium battery markets, with significant advances in technology and global manufacturing footprint.

Financial highlights

• Operating income: ¥61.47 billion, up 26.44% year-over-year.

• Net profit attributable to shareholders: ¥4.13 billion, up 1.44% year-over-year.

• Operating cash flow: ¥7.49 billion, up 68.98% year-over-year.

• Gross margin: 16.17%, down 1.24 percentage points year-over-year.

• Basic EPS: ¥2.02; diluted EPS: ¥1.96.

• Total assets: ¥125.54 billion, up 24.43% from prior year-end.

• Net assets attributable to shareholders: ¥42.32 billion, up 12.61%.

Outlook and guidance

• Plans to expand iron-lithium battery capacity by 260GWh, with new projects in Guangdong, Hubei, Jiangsu, Fujian, and Zhejiang.

• Focus on global manufacturing, digital transformation, and green operations to support long-term growth.

• Targeting continued leadership in solid-state and sodium-ion battery technologies.