EVE(SZ:300014) Xin Lang Cai Jing·2025-08-23 11:38Core Viewpoint - Huizhou EVE Energy Co., Ltd. held a conference call on August 21, 2025, with approximately 315 institutional investors, discussing the company's performance, capacity, and profitability [1] Company Performance and Business Progress - In the first half of 2025, EVE Energy achieved total revenue of 28.17 billion yuan, a year-on-year increase of 30.06%; net profit attributable to shareholders was 1.605 billion yuan, with a non-recurring net profit of 1.157 billion yuan [1] - Excluding stock incentive expenses and specific bad debt provisions, the net profit attributable to shareholders was 2.218 billion yuan, a year-on-year increase of 3.78%; the non-recurring net profit was 1.770 billion yuan, a year-on-year increase of 18.06% [1] Shipment Volume and Product Development - The company shipped 21.48 GWh of power batteries, a year-on-year increase of 58.58%; and 28.71 GWh of energy storage batteries, a year-on-year increase of 37.02% [2] - EVE Energy is the first company in China to achieve mass production of large cylindrical power batteries and has become a primary battery supplier for next-generation models of international automakers [2] - The company is also the first globally to mass-produce 600Ah+ large square lithium iron phosphate energy storage batteries, with the first production line of the Jingmen 60GWh super factory entering mass production testing in early June [2] Profitability and Outlook - In Q2, the gross margin for power batteries improved to 17.60%, with stable deliveries expected in Q3 and an upward trend in profitability for the second half of the year [3] - The company anticipates a recovery in profitability for energy storage batteries in Q3 through optimized business terms and product structure [3] - The company plans to expand production capacity for square lithium iron phosphate batteries in Yunnan and Hubei based on demand from passenger vehicle customers [3] Cost Management and Future Projects - EVE Energy is actively conducting cost hedging against fluctuations in lithium carbonate prices, including futures contracts [3] - The first phase of the small cylindrical battery factory in Malaysia has been put into production, with the second phase of the energy storage project expected to be completed by the end of 2025 [3] - The company expects significant growth in the power battery sector driven by the ramp-up of large cylindrical batteries and new factory deliveries, alongside over 30% growth in the energy storage sector with the delivery of the 60GWh super factory [3]