- Eve Energy expects first-half profit growth of up to 110 percent year on year.
- Revenue growth and supply-chain measures supported stable profitability.
Eve Energy expects its first-half financial performance to improve significantly as strong battery demand and operational efficiency continue to support growth. The company projected net profit attributable to shareholders of 3.13 billion yuan to 3.37 billion yuan for the first half, representing year-on-year growth of 95 percent to 110 percent. The strong outlook reflects rising market demand, improved product competitiveness and business optimization. The performance also highlights the ongoing momentum in the battery industry across China, where battery manufacturers continue to benefit from growing electrification trends.
First-Half Earnings Show Strong Growth
According to the company's preliminary earnings estimate released on Monday, net profit excluding non-recurring items is expected to reach between 2.43 billion yuan and 2.60 billion yuan. This represents year-on-year growth of 110 percent to 125 percent. The company had previously reported first-quarter net profit of 1.45 billion yuan. Based on those figures, second-quarter net profit is estimated at 1.68 billion yuan to 1.93 billion yuan, indicating sequential growth of approximately 16 percent to 33 percent and reflecting continued business momentum.
Revenue Expansion Drives Profitability
The earnings increase was primarily driven by higher revenue, with first-half revenue expected to rise about 60 percent from a year earlier. The company stated that product iteration, service upgrades and process optimization played major roles in improving overall business performance. These efforts enabled the company to strengthen its market position across multiple battery segments while enhancing operational efficiency and customer value in a rapidly evolving industry environment.
Supply-Chain Strategies Reduce Cost Pressure
Facing sharply rising supply-chain costs, the company implemented proactive management measures to maintain stable profitability. Through supply-chain diversification, strategic procurement and the use of financial instruments, fluctuations in rising material costs were cushioned. These initiatives helped stabilize the profitability of core operations despite challenging market conditions and increasing raw material volatility affecting the global battery industry.
Key Business Segments and Battery Installations
Eve Energy mainly operates across power batteries, energy storage batteries and consumer batteries. Power batteries and energy storage batteries each contributed about 40 percent of 2025 revenue, demonstrating a balanced business structure. The company has continued expanding its presence in both mobility and energy storage applications, positioning itself to benefit from long-term electrification trends in domestic and international markets.
Power Battery Installation Performance
As of May, cumulative power-battery installations reached 12.35 GWh, representing year-on-year growth of 27.58 percent. In May alone, power-battery installations stood at 3.23 GWh, increasing by about 55 percent from the same period last year. The data indicates strong demand for the company's battery products and reinforces its position in the competitive battery market of China.
Key Financial and Operational Metrics
| Metric | Value |
|---|---|
| First-Half Net Profit | 3.13 to 3.37 Billion Yuan |
| Revenue Growth | About 60 Percent |
| Non-Recurring Net Profit | 2.43 to 2.60 Billion Yuan |
| Cumulative Installations | 12.35 GWh |
| May Installations | 3.23 GWh |
Business Growth Drivers
The company's recent performance was supported by several operational factors that strengthened financial resilience and market competitiveness.
- Strong revenue expansion across battery businesses
- Product iteration and service upgrades
- Process optimization initiatives
- Supply-chain diversification strategies
- Strategic procurement measures
- Use of financial instruments to manage costs
Frequently Asked Questions
Why is Eve Energy expecting strong profit growth in the first half?
Eve Energy expects strong profit growth due to rising revenue, product improvements and supply-chain management initiatives. The company projects first-half net profit attributable to shareholders of 3.13 billion yuan to 3.37 billion yuan, supported by revenue growth of about 60 percent year on year. Product iteration, service upgrades and process optimization further strengthened business performance. Additionally, diversified sourcing, strategic procurement and financial instruments helped cushion rising material costs and stabilize profitability across its core battery operations.
How important are power batteries to Eve Energy's business?
Power batteries are one of the company's most important business segments and contribute significantly to revenue generation. Power batteries account for about 40 percent of 2025 revenue, alongside energy storage batteries contributing a similar share. The company recorded cumulative power-battery installations of 12.35 GWh through May, while May installations alone reached 3.23 GWh. Strong installation growth reflects increasing demand from electrification markets and supports the company's long-term expansion strategy.
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