EVE Energy: Net profit for the first quarter is expected to increase by 25% to 35% year-on-year. It plans to invest a total of 11 billion yuan to build two energy storage and power battery production bases.

NightAirdropper · 2026-04-11T11:02:10+00:00

EVE Energy expects net profit in the first quarter of 2026 to reach between 1.38B and 1.49B yuan, a year-on-year increase of 25% to 35%. The company is responding to cost pressures through product iteration and supply chain management to maintain profitability. At the same time, it plans to invest in the construction of multiple energy storage battery production bases, which need to be submitted for shareholder approval.

NightAirdropper

2026-04-11 11:02:10

Abstract generation in progress

Gelonghui, April 7 | EVE Energy announced that it expects net profit of 1.376 billion yuan to 1.487 billion yuan in Q1 2026, up 25.00% to 35.00% year over year. The main reasons are: 1) The company remains committed to product iteration, service upgrades, and process optimization, seizing market growth opportunities to drive the company’s continued business growth. 2) To effectively respond to the significant increase in supply chain cost pressures, the company proactively implemented front-end management, buffering the volatility of material cost increases by adopting a diversified supply chain layout, strategic procurement planning, and prudent use of financial instruments, thereby ensuring the stability of the profitability of its core business.

In a separate announcement on the same day, the company said that the 9th meeting of the 7th Board of Directors reviewed and approved multiple proposals. First, it plans to provide a guarantee of no more than the equivalent of EUR 42 million to its subsidiary EVE Hungary; this matter still needs to be submitted to the shareholders’ meeting for review. Second, it plans to sign an agreement with the Qidong Municipal Government to invest in and build a 50GWh energy storage ( power ) battery production base, with total project investment of approximately 5 billion yuan. Third, it plans to sign an agreement with the Shanghang County Government to invest in and build a 60GWh energy storage battery production base, with the project’s planned total investment of approximately 6 billion yuan. Fourth, it plans to sign a joint venture agreement with Longking Environmental Protection to jointly establish a joint venture company to carry out relevant businesses. All of the above investment and joint venture matters still need to be submitted to the company’s shareholders’ meeting for review.

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