The following is a summary of Eve Energy’s (300014.SZ) 2026 Q1 financial report:
Financial Highlights
- Revenue Performance: Recorded revenue of approximately 20.68 billion RMB, a year-over-year (YoY) increase of 61.61%, reaching a record high for the first quarter.
- Profitability:
- Net profit attributable to shareholders was approximately 1.446 billion RMB, up 31.35% YoY.
- Net profit after deducting non-recurring gains/losses was approximately 1.115 billion RMB, up 36.32% YoY.
- Basic earnings per share (EPS) were 0.70 RMB, an increase of 29.63% YoY.
- Profitability Metrics: Gross margin stood at 14.04% (down 18.19% YoY), and net margin was 6.98% (down 23.34% YoY), reflecting the impact of cost pressures on profitability.
Core Business Operations
- Shipment Structure Shift: Energy Storage Battery shipments officially surpassed Power Battery shipments, becoming the primary growth engine.
- Energy Storage Batteries: 20.38 GWh shipped, a YoY increase of 60.82%.
- Power Batteries: 14.34 GWh shipped, a YoY increase of 40.93%.
- Industrial Layout: Continued expansion of production capacity, with construction in progress totaling approximately 18.631 billion RMB and fixed assets at approximately 33.927 billion RMB.
Risks and Focus Areas
- Cash Flow Pressure: Net cash flow from operating activities was -366 million RMB, shifting from positive to negative compared to the same period last year, a decrease of 140.99% YoY.
- Accounts Receivable: Accounts receivable reached 16.387 billion RMB, an increase of approximately 1.527 billion RMB from the beginning of the year, indicating increased pressure on collection.
- Short-term Debt Obligations: Non-current liabilities due within one year stood at approximately 8.51 billion RMB, an increase of 30.12% from the beginning of the year.
Development Strategy
- Supply Chain Management: Implemented diversified sourcing and financial hedging tools to mitigate raw material price volatility. Hedging instruments contributed approximately 293 million RMB in non-recurring gains to help alleviate cost pressures.
- R&D: Continued to drive product iteration and process optimization, with a focus on solid-state battery technology (e.g., “Longquan II”) and high-end energy storage system deployment.
Sources:
The following is a summary of the latest updates and future outlook for Eve Energy (300014.SZ):
Key Changes This Quarter (2026 Q2)
- Significant Profit Rebound: According to the company’s earnings guidance, net profit attributable to shareholders for the first half of 2026 is expected to be between 3.13 billion and 3.371 billion RMB, a substantial year-over-year growth of 95% to 110%. Net profit after deducting non-recurring gains/losses is projected to be between 2.43 billion and 2.603 billion RMB, a year-over-year increase of 110% to 125%.
- Technology and Strategic Milestones: In June 2026, the company held its 25th-anniversary celebration and the 3rd Lithium Battery Conference. It officially announced its entry into the “100 billion RMB revenue and 100 billion RMB market capitalization” era and unveiled new technological achievements and long-term development strategies, emphasizing its footprint in AI-era infrastructure.
- Capital Market Developments: The company is continuing to advance its Hong Kong IPO plan, having submitted its listing application to the HKEX in January 2026, aiming to broaden its international financing channels.
Outlook for Next Quarter (2026 Q3)
- Operational Growth Momentum: With the easing of raw material cost pressures (such as lithium carbonate) and the company’s continuous efforts in product iteration, process optimization, and service upgrades, the market generally expects a trend of “simultaneous growth in volume and profit.”
- Core Competitiveness: The company continues to maintain strong market share in the power battery sector (ranking second in commercial vehicle installations domestically) and the energy storage battery sector (top two globally). It is expected to continue benefiting from robust downstream demand for new energy and energy storage in the second half of the year.
- Easing of Supply Chain Pressure: With the implementation of expansion plans by upstream battery material enterprises, supply chain costs are expected to stabilize further, which is conducive to maintaining and improving gross profit margins.
EPS Forecast for the Next Year
Based on comprehensive analysis from market institutions (as of late June 2026):
- 2026 Annual Earnings Per Share (EPS) Forecast: Averaging approximately 3.28 RMB.
- Profit Growth Expectations: Institutions remain generally optimistic about the company’s full-year performance for 2026, with annual net profit projected to reach approximately 7.003 billion RMB, representing a year-over-year growth of nearly 70%.
Note: The information above includes financial forecasts for 2026. Investment markets are highly volatile; these figures represent analyst consensus, and actual performance remains subject to external factors such as terminal market demand, industry competition, and raw material price fluctuations.
Sources:
Capital Futures – 2026 H1 Net Profit Forecast
10jqka.com – 2026 EPS Forecast
Moomoo – Guotai Haitong Securities Research Report
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