EVE(SZ:300014) 21世纪经济报道·2026-01-04 12:43Core Viewpoint - EVE Energy has submitted a listing application to the Hong Kong Stock Exchange, with plans to use the raised funds for the continued construction of its production base in Hungary, which is expected to start production in 2027 with a planned capacity of 30GWh [1][2]. Group 1: Listing and Fundraising - EVE Energy submitted its listing application to the Hong Kong Stock Exchange on June 30, 2025, but the application has expired as of December 30, 2025, requiring a resubmission [1]. - The company stated that the resubmission is a normal process and will not significantly impact the overall IPO progress [1]. - The revised fundraising purpose focuses solely on the Hungary production base, with previous plans for the Malaysia project removed [1]. Group 2: Production Capacity and Products - EVE Energy's Malaysia battery production base is set to be completed and operational by 2025, marking its first overseas mass production facility, with a total planned investment of up to 8.654 billion yuan [2]. - The company’s main products include consumer batteries, power batteries, and energy storage batteries, with average selling prices stabilizing at 5.1 yuan per consumer battery, 0.6 yuan per watt-hour for power batteries, and 0.4 yuan per watt-hour for energy storage batteries [2][4]. - EVE Energy is one of the few companies focusing on large cylindrical power batteries, with a projected output of 12.9GWh in 2024, expected to grow to 370.5GWh by 2029, reflecting a compound annual growth rate of 95.7% [2]. Group 3: Financial Performance - For the first three quarters of 2025, EVE Energy achieved revenue of 45 billion yuan, a year-on-year increase of 32.17%, with a net profit attributable to shareholders of 2.816 billion yuan, or 3.675 billion yuan after adjusting for certain expenses, marking an 18.40% increase [4]. - As of December 31, 2025, EVE Energy's A-share market capitalization exceeded 130 billion yuan, with an annual increase of over 40% [4].