EVE(SZ:300014) Xin Lang Cai Jing·2025-08-22 10:39Group 1: Financial Performance - In H1 2025, the company achieved revenue of 28.17 billion yuan, a year-on-year increase of 30.06%, while net profit attributable to shareholders decreased by 24.90% to 1.605 billion yuan [1] - Excluding stock incentive expenses and specific bad debt provisions, the net profit attributable to shareholders would be 2.218 billion yuan, reflecting a year-on-year growth of 3.78% [1] - The gross margin was 17.33%, up 0.88 percentage points year-on-year, while the net margin was 6.19%, down 3.73 percentage points year-on-year [1] Group 2: Battery Business Growth - In H1 2025, the company’s power battery shipments reached 21.48 GWh, a significant year-on-year increase of 58.58%, with revenue from this segment amounting to 12.748 billion yuan, up 41.75% [2] - The gross margin for the power battery business was 17.60%, an increase of 6.92 percentage points year-on-year [2] - The company has become the first battery supplier for a leading international automaker's next-generation electric vehicle model, with expectations to reach 20 GWh in shipments of large cylindrical batteries by 2026 [2] Group 3: Energy Storage Battery Performance - The company’s energy storage battery shipments totaled 28.71 GWh in H1 2025, marking a year-on-year growth of 37.02%, with revenue of 10.298 billion yuan, up 32.47% [3] - The gross margin for the energy storage battery segment was 12.03%, a decrease of 2.32 percentage points year-on-year [3] - The company is set to begin mass production of a storage project in Malaysia by early 2026, which will support global deliveries [3]