EVE(SZ:300014) DT新材料·2025-06-09 15:33Core Viewpoint - EVE Energy is pursuing an H-share listing in Hong Kong to enhance its capital strength, competitiveness, and international brand image, similar to CATL's strategy for international expansion [1]. Financial Performance - In 2024, EVE Energy is projected to achieve revenue of 48.615 billion, a slight decrease of 0.35% year-on-year, with a gross margin of 17.14%. The net profit, excluding non-recurring gains and losses, is expected to be 3.162 billion, reflecting a growth of 14.76% year-on-year [1]. - The revenue from energy storage batteries is anticipated to be 19.027 billion, up 16.44% year-on-year, while revenue from power batteries is expected to decline by 20.08% to 19.167 billion, with gross margins of 14.72% and 14.21%, respectively [1]. Shipment and Market Position - In 2024, EVE Energy's energy storage battery shipment is expected to reach 50.45 GWh, marking a significant increase of 91.90% year-on-year, securing the second position globally. Power battery shipments are projected at 30.29 GWh, a growth of 7.87% year-on-year, with a 12.15% market share in the domestic commercial vehicle battery sector, also ranking second [2]. - The company has achieved notable growth in consumer battery segments, with significant increases in the shipment of lithium thionyl chloride batteries and battery capacitors, as well as a monthly production surpassing 10 million units in cylindrical batteries [2]. Research and Development Focus - EVE Energy is focusing on several key R&D projects, including batteries for eVTOL aircraft, humanoid robots, medical applications, all-solid-state batteries, sodium-ion batteries, and new generation smart battery technologies [2]. - The company is advancing in the solid-state battery sector, planning to launch high-power, high-environmental-resistance, and absolutely safe all-solid-state batteries by 2026, and a 400 Wh/kg high-energy-density version by 2028 [2]. Production Capacity and Expansion - By 2025, EVE Energy's global production capacity is expected to exceed 400 GWh, with major bases located in various regions including Hubei, Guangdong, Sichuan, Yunnan, Liaoning, Jiangsu, and Qinghai [3]. - The company is also establishing overseas production facilities, including a 20 GWh cell factory for BMW in Europe and a joint venture factory in the U.S. with Cummins, along with a cylindrical battery production line in Malaysia expected to reach 680 million units annually by early 2025 [3].