EVE(SZ:300014)2024-08-25 07:24Financial Performance - In the first half of 2024, the company achieved total revenue of CNY 21.659 billion, with a net profit attributable to shareholders of CNY 2.137 billion, and a non-recurring net profit of CNY 1.499 billion, representing a year-on-year growth of 19.32% [2][3] - The company's power battery shipment volume reached 13.54 GWh, a year-on-year increase of 7.03%, while energy storage battery shipments reached 20.95 GWh, showing a remarkable growth of 133.18% [2][3] Market Position - The company ranked second in the domestic market for new energy commercial vehicle installations, with a market share of 13.59%, and second in electric heavy truck installations with a market share of 16.4% [3][4] - In the energy storage sector, the company ranked second globally in energy storage cell shipments, advancing one position compared to 2023 [3][4] Business Strategy - The company is focused on enhancing its comprehensive competitive strength through improved product capabilities, cost efficiency, brand strength, and service capabilities, aiming for a revenue target of CNY 100 billion [2][3] - The introduction of the global CLS business model has begun, with the first project in Mississippi, USA, successfully underway [3][4] Future Outlook - The company anticipates maintaining a shipment target of 50 GWh for energy storage batteries in 2024, with a projected growth rate of over 35% in the overall energy storage market [4][5] - The company expects to achieve a shipment target of 1 billion small cylindrical batteries in 2024, with a growth rate of 30% in the consumer battery segment [5][6] Production Capacity - The overall capacity utilization rate of the company is approximately 84%, with the utilization rate for power and energy storage batteries around 70% [6] - The company has established a stable supply for both 280Ah and 314Ah battery products, with plans for mass production of 628Ah products by the end of the year [5][6]