File photo shows Eve Energy’s battery cells. Credit: CnEVPost
- Eve Energy expects first-half net profit attributable to shareholders of 3.13 billion yuan to 3.37 billion yuan.
- Revenue is expected to rise about 60% from a year earlier, while supply-chain cost pressure was cushioned.
Chinese battery giant Eve Energy (SZSE: 300014) said it expects first-half earnings to double.
Net profit attributable to shareholders is projected at 3.13 billion yuan ($463 million) to 3.37 billion yuan for the first half, up 95% to 110% from a year earlier, according to a preliminary earnings estimate released on Monday.
Excluding non-recurring items, net profit is expected at 2.43 billion yuan to 2.60 billion yuan, representing year-on-year growth of between 110% and 125%.
The company posted first-quarter net profit of 1.45 billion yuan. Based on that figure, second-quarter net profit is estimated at 1.68 billion yuan to 1.93 billion yuan, implying sequential growth of about 16% to 33%.
The earnings growth came mainly from an expansion in revenue. The company said first-half revenue is expected to rise about 60% from a year earlier. Product iteration, service upgrades and process optimization together drove the business higher.
Facing sharply rising supply-chain costs, the company took proactive management measures, it said.
Through supply-chain diversification, strategic procurement and the use of financial instruments, fluctuations in rising material costs were cushioned, which helped stabilize the profitability of its core business, the company said.
Eve Energy’s operations mainly include power batteries, energy storage batteries and consumer batteries, with the first two each contributing about 40% of 2025 revenue.
As of May, the company’s cumulative power-battery installations this year reached 12.35 GWh, up 27.58% from a year earlier, according to data compiled by CnEVPost.
Eve Energy’s power-battery installations in May alone stood at 3.23 GWh, up about 55% year-on-year.
Eve Energy Monthly EV Battery Installations and Market Share in China Jan 2022 – May 2026
Month
Installations (GWh)
Market Share
Jan 2022
0.37
2.31%
Feb 2022
0.25
1.83%
Mar 2022
0.47
2.20%
Apr 2022
0.29
2.15%
May 2022
0.50
2.71%
Jun 2022
0.57
2.09%
Jul 2022
0.58
2.38%
Aug 2022
0.66
2.37%
Sept 2022
0.74
2.35%
Oct 2022
0.68
2.23%
Nov 2022
0.81
2.35%
Dec 2022
1.27
3.51%
Jan 2023
0.64
3.94%
Feb 2023
0.71
3.25%
Mar 2023
1.07
3.86%
Apr 2023
1.38
5.48%
May 2023
1.33
4.71%
Jun 2023
1.48
4.51%
Jul 2023
1.25
3.89%
Aug 2023
1.22
3.51%
Sept 2023
1.84
5.06%
Oct 2023
2.04
5.21%
Nov 2023
2.05
4.56%
Dec 2023
2.17
4.54%
Jan 2024
1.35
4.18%
Feb 2024
0.63
3.52%
Mar 2024
1.81
5.24%
Apr 2024
1.44
4.11%
May 2024
1.54
3.92%
Jun 2024
1.69
3.99%
Jul 2024
1.53
3.73%
Aug 2024
1.28
2.71%
Sept 2024
1.42
2.61%
Oct 2024
1.12
1.89%
Nov 2024
2.05
3.05%
Dec 2024
2.82
3.75%
Jan 2025
1.53
3.95%
Feb 2025
1.73
4.97%
Mar 2025
2.34
4.16%
Apr 2025
1.99
3.70%
May 2025
2.09
3.66%
Jun 2025
2.53
4.35%
Jul 2025
2.54
4.55%
Aug 2025
2.74
4.39%
Sept 2025
3.11
4.10%
Oct 2025
3.26
3.88%
Nov 2025
3.59
3.84%
Dec 2025
4.33
4.42%
Jan 2026
2.07
4.92%
Feb 2026
1.20
4.56%
Mar 2026
2.74
4.86%
Apr 2026
3.11
4.98%
May 2026
3.23
4.50%
Eve Energy monthly EV battery installations and share in China
Installations
Share
($1 = 6.7634 yuan)
