EVE Energy

EVE Energy announced that its wholly-owned subsidiary EVE Battery Investment Ltd. has received an interim cash dividend of HK$375 million from its associate company SMOORE International. The company stated that this dividend has no impact on the net profit in its 2026 consolidated financial statements, and the specific accounting treatment will be subject to the results confirmed by the annual audit.

On September 11, Sungrow, a global leader in solar and energy storage, sent a product price adjustment notice to downstream customers, announcing that starting September 20 it will raise prices for photovoltaic inverters, energy storage converters, and energy storage systems by 5% to 15%. A reporter from The Paper confirmed with a relevant person in charge of Sungrow's power energy storage product line that the main reason for the price increase is the rise in bulk material prices such as copper and aluminum, and secondarily to curb vicious low-price competition. Sungrow stated that the magnitude of upstream material price increases in this round has continued to exceed expectations, and existing product pricing can no longer cover the comprehensive investment in raw materials, manufacturing, technology iteration and upgrades, as well as after-sales operation and maintenance. This is not Sungrow's first price increase this year. In the first quarter, it and other inverter leaders such as Ginlong Technologies took the lead in raising prices for energy-storage-specific models by 6% to 10%. Since July, more than ten companies along the industry chain, including EVE Energy, Sinexcel, and Inovance Technology, have intensively issued price adjustment notices covering battery cells, converters, and solar-storage-charging equipment, with increases ranging from 5% to 30%. Cost pressure comes from multiple sources: lithium carbonate prices rebounded from a low point of less than 60,000 yuan per ton in mid-2025, and once exceeded 210,000 yuan per ton in June 2026, a cumulative increase of more than 200%. The surge in AI computing power has squeezed wafer production capacity, and prices of key components such as memory chips and IGBTs have generally risen by between 50% and 800%. Tian Qingjun, senior vice president of Envision, expressed opposition to vicious price competition and pointed out that planned capacity expansion for energy storage cells in the industry this year has already exceeded 800 gigawatt-hours, with completed capacity by the end of the year expected to be about 1.2 to 1.5 terawatt-hours, and total planned capacity approaching 2 terawatt-hours, far exceeding real global market demand. At present, price increases along the industry chain are mainly driven by rising costs, and whether the price increases can be accepted by downstream project owners still needs to be observed by the market.

In the first half of this year, overseas markets became the largest destination for global energy storage cells for the first time, with their share exceeding 50% for the first time in the same period in history. InfoLink Consulting data shows that global energy storage cell shipments totaled 467.84 GWh in the first half, up 94.76% year on year, of which overseas market shipments were 248.73 GWh, accounting for 53.2% of the global total. SNE Research statistics show that energy storage cell shipments in North America and Europe grew 83% and 74% year on year respectively, with market shares of 16.5% and 15.8%, while large projects in emerging markets such as the Middle East and Australia accelerated into the execution phase. China's market share fell to 43.9% from 50.5% in the same period last year, with shipments of 202.5 GWh, up 49% year on year, still the world's largest single market. The top ten companies in global energy storage cell shipments are all Chinese companies, with CATL firmly in first place with 125 GWh of shipments and a 27.1% market share, followed by Hithium and EVE Energy in second and third. Although LG Energy Solution ranked only eleventh, its first-half shipments surged 357% year on year to 12 GWh, rapidly approaching the top ten. ICCSINO predicts that global energy storage cell shipments for the full year 2026 could reach 1,200 GWh.

Embraer reported its highest second-quarter revenue in company history, with consolidated net revenue rising 23% year over year to $2.2 billion, driven by 65 aircraft deliveries and growth across all business units. Adjusted EBIT was $297 million, representing a 13.3% margin, while adjusted free cash flow excluding Eve reached $401 million and net leverage improved to 0.2 times. The company raised its 2026 adjusted EBIT margin guidance to a range of 10% to 10.6% and adjusted free cash flow guidance to at least $400 million, citing an extraordinary tax credit, lower U.S. tariffs, and improved business conditions. Total backlog reached a new record of $34.5 billion, up 16% year over year, bolstered by major orders including 10 C-390 aircraft for the United Arab Emirates and additional E2 jet commitments. Embraer also said Eve's eVTOL remains on track to enter service by the end of 2028.

A total of 167 listed companies in Guangdong have disclosed their earnings forecasts for the first half of 2026, accounting for 36% of all listed companies in the region. Nearly half of these companies are projecting rapid growth, over 30% are maintaining profitability with year-on-year net profit growth exceeding 50%, and 20 companies are turning losses into profits. Based on the average of the upper and lower limits of the pre-disclosed net profits, the combined net profit of the 167 companies is approximately 42.87 billion yuan. The total net profit of companies forecasting a profit amounts to 58.09 billion yuan. Fifteen companies expect to earn over 1 billion yuan, with GF Securities anticipating a profit of 11 billion to 12 billion yuan. The electronics sector has become the engine of earnings growth for manufacturing companies. The 25 pre-disclosed electronics companies report a combined net profit of about 12.49 billion yuan. TCL Technology forecasts a profit of 3.7 billion to 3.92 billion yuan, and Shengyi Technology expects a profit of approximately 3.1 billion to 3.3 billion yuan. The lithium battery industry has seen a significant recovery. EVE Energy is forecasting a profit of 3.13 billion to 3.37 billion yuan, a year-on-year increase of about 95% to 110%. Tinci Materials expects a profit of 2.7 billion to 3 billion yuan, with year-on-year growth exceeding nine times.

Liu Jianhua, a director and senior executive of EVE Energy, plans to increase his holdings in the company by 100,000 shares. The planned purchase, based on confidence in the company's future development and recognition of its long-term investment value, will be carried out within six months from the date of the announcement. No price range has been set, and the funds will come from his own resources or self-raised funds. As of the announcement date, Liu Jianhua holds 20,214,393 shares, representing 0.93 percent of the total share capital. This share increase will not trigger a mandatory tender offer and will not lead to a change in the controlling shareholder or the actual controller. Liu Jianhua has committed not to reduce his holdings during the purchase period and within the statutory lock-up period.

As of July 19, 900 companies listed on the Shenzhen Stock Exchange have disclosed their earnings previews for the first half of 2026. The combined net profit forecast surged 147 percent year-on-year, with 57 percent of the companies expecting to be in the black. The nonferrous metals sector ranked first in projected net profit, with 38 companies that have issued previews reporting a total of approximately 64.5 billion yuan, up 161 percent from a year earlier, driven mainly by rising prices of aluminum, lithium, germanium, and tungsten. The electronics sector benefited from booming demand for AI computing infrastructure, with 85 companies posting a combined net profit of 58.5 billion yuan, a 176 percent increase. In addition, the lithium battery and pharmaceutical and biotech industries also staged a strong recovery. EVE Energy forecast a net profit of 3.13 billion to 3.37 billion yuan, up 95 to 110 percent year-on-year, while 53 innovative drug companies reported a combined net profit of about 7.27 billion yuan, a 60 percent rise.

According to statistics from Securities Times Data Treasure, 12 ChiNext-listed companies have released their first-half earnings forecasts. Among them, 9 companies reported profit growth, 2 reported profits, and the proportion of companies with profit growth reached 75%. Fushine Pharmaceutical posted the highest median net profit growth estimate at 2,845.50%, while Fuman Microelectronics and Changchuan Technology recorded median growth of 379.59% and 122.47%, respectively. Companies such as EVE Energy, Silverage Technology, and Sanrui Intelligent saw growth exceeding 50%, spanning sectors including pharmaceuticals and biotech, electronics, and electrical equipment.