EVE Energy (300014) Q1 2026 earnings summary

Executive summary

• Achieved revenue of ¥20.68 billion in Q1 2026, up 61.61% year-over-year.

• Net profit attributable to shareholders reached ¥1.45 billion, a 31.35% increase year-over-year.

• Power battery shipments rose 40.93% to 14.34GWh; energy storage battery shipments grew 60.82% to 20.38GWh.

• Focused on product iteration, service upgrades, and supply chain diversification to mitigate rising material costs.

Financial highlights

• Operating income: ¥20.68 billion, up 61.61% year-over-year.

• Net profit attributable to shareholders: ¥1.45 billion, up 31.35% year-over-year.

• Net profit excluding non-recurring items: ¥1.11 billion, up 36.32% year-over-year.

• Basic EPS: ¥0.70, up 29.63% year-over-year; diluted EPS: ¥0.67, up 26.42%.

• Operating cash flow: -¥366 million, down from ¥892 million last year.

Outlook and guidance

• Will continue to monitor material price trends and expand strategic sales planning to enhance business stability.