EVERG VEHICLE (00708) Announces 2026 Interim Results: Profit Attributable to Shareholders of RMB 186 Million, Turning Profitable Year-on-Year

EVERG VEHICLE (00708) Announces 2026 Interim Results: Profit Attributable to Shareholders of RMB 186 Million, Turning Profitable Year-on-Year EVERG VEHICLE (00708) has announced its interim results for the six months ended June 30, 2026. During the period, the Group recorded revenue of RMB 8.725 million, representing a year-on-year increase of 34.07%; profit attributable to owners of the Company for the period amounted to RMB 186 million, turning profitable year-on-year; basic earnings per share were RMB 1.713 cents. The announcement stated that revenue during the reporting period refers to the first sales of lithium-ion batteries generated by the battery trading business (for the six months ended June 30, 2025: nil). Revenue from the provision of technical services during the reporting period was nil (for the six months ended June 30, 2025: RMB 6.48 million). During the reporting period, the battery trading business recorded its first sales, generating revenue of RMB 8.73 million, with a gross profit margin of approximately 5.98%, within the target range of 5% to 8% under the Group's business plan. The battery trading business adopts an asset-light, order-driven operating model: procurement is basically synchronized with confirmed customer orders, new customers are required to settle in full in cash, and inventory is maintained at a target level that is low relative to monthly sales. The Group leverages its in-house battery expertise to provide quality control, grading, and compliance services (including UN38.3 certification, MSDS, and dangerous goods documentation) as part of its value proposition. The business plan targets sales of approximately RMB 60 million in the first twelve months of operation.