New stock news | Eve Energy Co.,Ltd.(300014.SZ) submitted a second application to the Hong Kong Stock Exchange, ranking third among global consumer battery manufacturers.

According to the disclosure of the Hong Kong Stock Exchange on January 2nd, Huizhou Eve Energy Co., Ltd. (300014.SZ) has submitted an application for listing on the main board of the Hong Kong Stock Exchange, with CITIC SEC as its sole sponsor. The company had previously submitted a listing application to the Hong Kong Stock Exchange on June 30, 2025. Company Overview According to the prospectus, Eve Energy Co., Ltd. is one of the few lithium battery platform enterprises in the world that leads in the fields of consumer batteries, power batteries, and energy storage batteries, able to serve the full range of social and economic applications. Eve Energy Co., Ltd. has achieved a leading position in the three major business areas of consumer batteries, power batteries, and energy storage batteries, establishing a comprehensive R&D platform covering materials, cells, BMS, and systems. Its products are widely used in smart living, green transportation, energy transformation, and other fields. As of the most recent feasible date, leveraging a global development strategy centered on "global manufacturing, global cooperation, and global service," Eve Energy Co., Ltd. currently has eight production bases worldwide, with two more under construction, sales companies and offices covering seven countries and regions, and after-sales service outlets covering 24 countries and regions. Eve Energy Co., Ltd. has strong competitiveness in the fields of consumer batteries, power batteries, and energy storage batteries, achieving many remarkable achievements in terms of shipments, the company has achieved faster growth than the industry in the past three years. Consumer batteries are an important link in the Internet of Things. Eve Energy Co., Ltd. leads globally in consumer batteries and ranks third among global consumer battery manufacturers (based on 2024 shipment volume), with a market share of 11.7%. Energy storage batteries are crucial for creating economic benefits in the new energy era. Eve Energy Co., Ltd. is at the forefront in the field of energy storage batteries, ranking second globally (based on 2024 shipment volume) with a market share of 17.2%. Financial Information Revenue In the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, the company achieved revenues of approximately RMB 36.304 billion, 48.784 billion, 48.615 billion, and 45.002 billion respectively. Net Profit In the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, the company recorded net profits of approximately 3.672 billion, 4.520 billion, 4.221 billion, and 2.977 billion respectively. Gross Profit In the fiscal years 2022, 2023, 2024, and the nine months ending September 30, 2025, the company recorded gross profits of 5.786 billion, 8.119 billion, 8.465 billion, and 7.18 billion respectively. Industry Overview The global consumer battery market is driven by technology, with diverse demand and policy advantages. From 2020 to 2024, the total global consumer battery shipments increased from 9.9 billion units to 17.7 billion units, with a compound annual growth rate of 15.9%. This growth is driven by the expansion of downstream industries such as consumer electronics and automotive electronics, as well as battery technology upgrades. In the future, the proliferation of 5G devices and the low-altitude economy will continue to drive demand. It is estimated that shipments will increase from 21.7 billion units in 2025 to 55.1 billion units in 2029, with a compound annual growth rate of 26.2%, indicating that the market will continue to expand. Global electric vehicle sales increased from 5,482.9 thousand vehicles in 2020 to 26,510.2 thousand vehicles in 2024, with a compound annual growth rate of 48.3%. During the forecast period, due to technological advances and innovation in electric vehicles, optimization of the industry chain, policy promotion and support from multiple countries, as well as the continuous transition from fossil fuels to renewable energy, sales are expected to further increase to 70,214.2 thousand vehicles by 2029, with a compound annual growth rate of 20.1% from 2025 to 2029. In terms of power types, plug-in hybrid electric vehicles saw the fastest growth from 2020 to 2024. Sales of plug-in hybrid electric vehicles increased from 983.3 thousand vehicles to 6,837.5 thousand vehicles, with a compound annual growth rate of 62.4%. It is expected that sales will further increase to 18,566.6 thousand vehicles by 2029, with a compound annual growth rate of 17.1% from 2025 to 2029. With the wide application of energy storage batteries in the fields of electricity consumption, power generation, and transmission and distribution, from 2020 to 2024, annual global energy storage battery shipments increased from 23.7 GWh to 292.2 GWh, with a compound annual growth rate of 87.4%. As global large-scale renewable energy projects continue to advance, global centralized energy storage battery shipments increased to 183.4 GWh in 2024 and are expected to rise to 656.6 GWh by 2029, with a compound annual growth rate of 23.1% from 2025 to 2029. In addition, in order to improve electrical efficiency in commercial and residential settings and enhance the stability and sustainability of urban electricity consumption, it is expected that decentralized energy storage battery shipments will reach 444.7 GWh by 2029, with a compound annual growth rate of 25.5% from 2025 to 2029. It is estimated that global energy storage battery shipments will reach 1,101.3 GWh annually by 2029, with a compound annual growth rate of 23.1% from 2025 to 2029. Board of Directors Information The board of directors will consist of eight members, including four executive directors, one non-executive director, and three independent non-executive directors. Directors serve a term of three years and are eligible for re-election at the end of their term. Ownership Structure As of the most recent feasible date, of the total issued share capital of the company, Dr. Liu Jincheng holds approximately 2.87%, Ms. Luo Jinhong (Dr. Liu's spouse) holds approximately 3.12%, and Tibet Yiwei Group holds approximately 31.35%, with Tibet Yiwei Group being equally owned by Dr. Liu and Ms. Luo. Therefore, as of the most recent feasible date, Dr. Liu, Ms. Luo, and Tibet Yiwei together control approximately 37.33% of the company's issued share capital. Intermediary Team Sole Sponsor: CITIC SEC (Hong Kong) Limited Company Legal Advisors: Davis Polk & Wardwell, Beijing Deheng Law Firm Sole Sponsor Legal Advisors: King & Wood Mallesons, JunHe Law Office Auditors and Reporting Accountants: Rozhen & Associates CPA Limited Industry Consultants: Frost & Sullivan Consulting (Beijing) Co., Ltd. Shanghai Branch Compliance Advisors: Horizons Capital Limited