储能大爆发！亿纬锂能，60亿再扩产能60GWh

Core Viewpoint - EVE Energy plans to invest approximately 6 billion yuan to establish a 60GWh energy storage battery production facility in Huizhou, which will enhance its production capacity and support its goal of exceeding 100GWh in energy storage shipments by 2026, solidifying its position as the second-largest player in the global energy storage market [1] Financial Performance - In 2025, EVE Energy reported a revenue of 61.47 billion yuan, a year-on-year increase of 26.44%, and a net profit attributable to shareholders of 4.13 billion yuan, up 1.44% [2][3] - The net profit excluding non-recurring items decreased by 2.09% to 3.10 billion yuan, while the operating cash flow increased by 68.98% to 7.49 billion yuan [2] - The total assets reached 125.54 billion yuan, reflecting a 24.43% increase year-on-year, and the net assets attributable to shareholders grew by 12.61% to 42.32 billion yuan [2] Product and Revenue Breakdown - The company shipped 50.15GWh of power batteries, a 65.56% increase, and 71.05GWh of energy storage batteries, a 40.84% increase, contributing to a revenue of 24.44 billion yuan from energy storage, which accounted for 39.76% of total revenue [2][3] - The gross margin for energy storage batteries was 12.28%, down 2.44% year-on-year [2] Production Capacity and Orders - EVE Energy has established 11 production bases globally, with a total production capacity of 296.2 million units and a utilization rate of 87.82% [4][5] - The company has maintained a strong order backlog in its energy storage business, with orders reaching 64.5GWh as of September 2025, and has secured multiple large-scale energy storage orders in early 2026 [5] Technological Advancements - EVE Energy launched the 628Ah ultra-large capacity cell Mr. Big in October 2022, with production expected to commence in December 2024, and has successfully deployed a 400MWh independent energy storage station using this technology [3] - The sodium-ion battery storage system has also been put into operation, with a planned annual capacity of 2GWh [3]