Energy Storage System Demand Set to Boost EVE Energy Earnings — Market Talk

Revenue grew 32.17% year-over-year to ¥45.0 billion, with Q3 net profit up 15.13% and shipments of power and energy storage batteries both surging. Adjusted net profit excluding one-offs rose 18.40%, and operating cash flow more than doubled.

Original document: EVE Energy Co. Ltd. Class A [300014] Report Release — Oct. 24 2025

Chinese shares ended higher on Friday amid positive investor sentiment. The index rebounded after Thursday's selloff following a media report that Chinese regulators were mulling options to cool down the stock market. Solar stocks led the gains with Sungrow Power Supply and EVE Energy up 17% each. CSI Solar gained 13%. Lithium stocks were also higher with Ganfeng Lithium up 10% and Tinaqi Lithium adding 8.7%. Meanwhile, Kunlun Tech led the declines, falling 5.6%. Bank stocks were also lower with Postal Savings Bank of China down 3.0% and China CITIC Bank Corp declining 2.6%. The benchmark Shanghai Composite Index ended 1.2% higher at 3812.51, the Shenzhen Composite Index added 3.2% and the ChiNext Price Index gained 6.6%. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

EVE Energy's solid growth in electric vehicle and energy-storage-system battery shipments in 2Q is likely to continue in 2H, Nomura analysts say in a research report. The Chinese company's 2025 shipments of EV and ESS batteries are expected to grow by 65% to 50GWh and 49% to 75GWh, respectively, the analysts say. Its EV battery shipments should increase by 35% to 68Gwh in 2026, driven by a ramp-up of large-sized cylindrical batteries. Nomura lifts its 2025-2027 revenue forecasts for the battery manufacturer by 4%-11% on higher EV and ESS battery shipment assumptions. It raises the stock's target price to CNY62.00 from CNY58.00 with an unchanged buy rating. Shares last 2.8% higher at CNY49.87. (ronnie.harui@wsj.com)

Revenue grew 30% year-over-year to ¥28.17 billion, with strong power and energy storage battery shipments, but net profit declined 24.9% due to higher expenses. Adjusted net profit excluding non-recurring items rose 3.78%.

Original document: EVE Energy Co. Ltd. Class A [300014] Interim report — Aug. 22 2025

EVE Energy commenced operations at its new production base in Shenyang, Liaoning Province, China, Xinhua News Agency reported Wednesday.

The new facility is specifically designed to manufacture low-temperature resistant batteries, according to the report.

The company has invested 10 billion yuan in the Shenyang plant.

EVE Energy's shares declined by more than 1% in recent trading.

Battery manufacturer EVE Energy said its board approved six connected transactions, including a joint hydrogen system research and development project with EVE Hydrogen.

Other deals involve leasing electric vans), a 25-year solar energy pact, asset transfers and adjusted battery sales terms with Unionman Tech, according to a Monday filing with the Shenzhen bourse.

The transactions aim to optimize resource utilization.