Performance and production capacity soar! EVE Energy’s net profit for the first quarter is expected to increase by more than 25% year-on-year. It plans to invest 10 billion yuan to build two major battery bases.

On April 7, EVE Energy (300014.SZ) announced that it expects the net profit attributable to shareholders of the listed company in the first quarter of 2026 to be RMB 1.376 billion~1.487 billion, representing a year-on-year increase of 25.00%~35.00%. The main reasons for the change in performance are: the company adheres to product iterations and service upgrades, and captures market opportunities to drive business growth; at the same time, through proactive management measures such as supply-chain diversification and strategic procurement, it effectively buffers fluctuations in material cost increases, ensuring that the profitability of its main business remains stable.

On the same day, EVE Energy announced that the company’s 7th board of directors, 9th meeting considered and approved multiple proposals. First, it plans to provide a guarantee of no more than the equivalent of EUR 42 million to its subsidiary EVE Hungary; this matter still needs to be submitted to the shareholders’ meeting for review. Second, it plans to sign an agreement with the government of Qidong City to invest in and build a 50GWh energy storage ( power ) battery production base. The total project investment is approximately RMB 5 billion. Third, it plans to sign an agreement with the government of Shanghang County to invest in and build a 60GWh energy storage battery production base. The project’s planned total investment is approximately RMB 6 billion. Fourth, it plans to sign a joint venture agreement with Longking Environmental Protection to jointly establish a joint venture company to carry out related businesses. All of the above investment and joint venture matters still need to be submitted to the company’s shareholders’ meeting for review.