EVE(300014)2024-10-27 06:20Group 1: Financial Performance - In the first three quarters of 2024, the company achieved total revenue of 34.049 billion CNY, with a net profit attributable to shareholders of 3.189 billion CNY, representing a 16% year-on-year increase in net profit after excluding non-recurring gains and losses [1] - The company’s energy storage battery shipment volume reached 35.73 GWh, a year-on-year increase of 115.57% [2] - The company’s power battery shipment volume was 20.71 GWh, showing a year-on-year growth of 4.96% [2] Group 2: Product Development and Market Position - The company’s consumer batteries, particularly lithium thionyl chloride batteries and supercapacitors, are leading the market, with monthly production and sales of consumer cylindrical batteries exceeding 100 million units [1] - The company ranks second globally in energy storage cell shipments for the first half of 2024 [2] - The company’s commercial vehicle battery market share in China reached 13.09%, an increase of 4.69% compared to the same period last year [2] Group 3: Strategic Initiatives and Global Expansion - The company is actively promoting global market expansion, with multiple projects in negotiation under the CLS global cooperation model [2] - The company has successfully launched a nickel metal project in Indonesia, with an annual production capacity of approximately 120,000 tons of nickel and 15,000 tons of cobalt [2] - The company is also collaborating with partners to establish a joint venture for an annual production of 110,000 tons of lithium iron phosphate in Yunnan [2] Group 4: Future Outlook and Market Trends - The company anticipates a strong growth trend in domestic energy storage demand, with projections indicating continued expansion in 2025 [5] - The company expects to achieve a total shipment target of 101 GWh for both power and energy storage batteries in 2025 [3] - The company is preparing for the increasing demand for high-capacity energy storage cells, with a focus on the 628Ah product line [4]