EVE Energy (300014) Q4 2024 earnings summary

Executive summary

• Achieved total revenue of ¥48.61 billion in 2024, nearly flat year-over-year (-0.35%).

• Net profit attributable to shareholders was ¥4.08 billion, up 0.63% year-over-year.

• Excluding non-recurring items, net profit rose 14.76% year-over-year to ¥3.16 billion.

• Cash dividend of ¥5.00 per 10 shares proposed, with no bonus shares or capital increase.

Financial highlights

• Gross margin improved to 17.41% (up 0.77 percentage points year-over-year).

• Operating cash flow dropped 48.90% year-over-year to ¥4.43 billion.

• R&D investment reached ¥3.06 billion, 6.29% of revenue.

• Total assets grew 6.93% to ¥100.89 billion; net assets attributable to shareholders rose 8.20% to ¥37.58 billion.

• Basic EPS was ¥1.99; diluted EPS ¥1.96.

Outlook and guidance

• Focus on technology innovation, global manufacturing, and supply chain resilience.

• Plans to expand overseas production, especially in Hungary and Malaysia, to enhance global delivery.

• Aims to achieve operational carbon neutrality by 2030 and value chain carbon neutrality by 2040.