Core Viewpoint - The company, EVE Energy Co., Ltd., reported strong financial performance in Q1 2025, driven by the booming global electric vehicle and energy storage markets, showcasing its leadership in the lithium battery sector through technological innovation and strategic focus [1][6]. Financial Performance - In Q1 2025, the company achieved revenue of 12.796 billion yuan, a year-on-year increase of 37.34% [1]. - The net profit attributable to shareholders, excluding non-recurring items, was 818 million yuan, reflecting a year-on-year growth of 16.60% [1]. Energy Storage Business - The company's energy storage battery shipments reached 12.67 GWh in Q1 2025, marking an impressive year-on-year growth of 80.54% [2]. - For the full year 2024, energy storage shipments totaled 50.45 GWh, a staggering increase of 91.90%, securing the position of the second-largest global supplier [2]. - The introduction of the Mr. Big series, a 600Ah+ ultra-large capacity cell with an energy efficiency of 96.20%, significantly enhanced product competitiveness [2]. Power Battery Business - In Q1 2025, the company shipped 10.17 GWh of power batteries, representing a year-on-year increase of 57.58% [3]. - The passenger vehicle segment showed strong performance, with significant sales growth driven by partnerships with leading electric vehicle manufacturers [3]. - The company maintained a 13.41% market share in the new energy commercial vehicle segment, ranking second in China [3]. Consumer Battery Business - The company continues to lead in the consumer battery sector, with significant shipments in emerging markets [3]. - It achieved over 2 billion shipments of electronic vaporizer batteries in 2024, maintaining its status as a national champion in several product categories [3]. Technological Innovation - The company emphasizes technological innovation as a core driver, launching the Mr. Big series and achieving breakthroughs in manufacturing processes [4]. - A state-of-the-art 60 GWh super energy storage factory has been established, utilizing over 80 advanced technologies for automated production [4]. - The company is also advancing in solid-state battery technology, with plans for mass production by 2026 [4]. Global Expansion - The company is accelerating its global expansion, with production facilities in Malaysia and Hungary set to enhance overseas delivery capabilities [5]. - It employs a vertical integration strategy to reduce costs and has initiated several international cooperation projects [5]. - The company’s nickel and lithium phosphate production projects ensure raw material control, supporting its global strategy [5]. Market Position and Future Outlook - EVE Energy demonstrates strong competitiveness and resilience in the global lithium battery market, with stable growth across energy storage, power, and consumer battery sectors [6]. - The company aims to accelerate the development of all-scenario lithium battery solutions to meet global energy demands and drive industry progress [6].

Core Viewpoint - The company reported a slight decrease in revenue but a modest increase in net profit, indicating resilience in a competitive market while expanding its product offerings and market reach [1][2]. Financial Performance - The company's operating revenue for 2024 was 48.615 billion yuan, a year-on-year decrease of 0.35% [1]. - Net profit attributable to shareholders was 4.076 billion yuan, reflecting a year-on-year increase of 0.63% [1]. - The net profit excluding non-recurring gains and losses was 3.162 billion yuan, showing a year-on-year growth of 14.76% [1]. - Basic earnings per share were 1.99 yuan [1]. - A cash dividend of 5.00 yuan (including tax) per 10 shares is proposed for all shareholders [1]. Product and Market Performance - The company’s power battery shipment volume reached 30.29 GWh, marking a year-on-year increase of 7.87% [1]. - The competitive pressure in the automotive market affected battery installation volumes due to underperformance in sales of certain passenger vehicle models [1]. - In the consumer battery sector, the company continues to lead with its lithium thionyl chloride batteries and SPC products, which are recognized as national champions [1]. - The company supplied over 2 billion electronic vaporizer batteries globally by the end of the reporting period [1]. - The shipment volume of consumer cylindrical batteries saw significant growth, with monthly production and sales exceeding 10 million units [1]. Emerging Markets and Innovations - The company is actively expanding into emerging markets, including BBU data center backup, eVTOL, drones, and aircraft applications, establishing leading product development partnerships with key clients [2]. - In the robotics sector, the company is providing comprehensive product solutions focused on high energy density, safety, and fast charging or battery swapping needs [2]. - The company’s energy storage business experienced a significant leap, with battery shipments reaching 50.45 GWh, a year-on-year increase of 91.90% [2]. - The launch of a 60 GWh super factory in December 2024 marks a new phase in the large-scale application of energy storage cells [2].