EVE Energy__Financial Data
Consolidated
Consolidated Balance Sheet (B/S)
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Current assets | 53,673.13 | 37,984.68 | 36,786.44 | 36,857.09 | 18,221.44 |
| Illiquid assets | 71,869.17 | 62,905.95 | 57,568.90 | 46,780.72 | 26,312.47 |
| Total assets | 125,542.30 | 100,890.62 | 94,355.34 | 83,637.81 | 44,533.91 |
| Current liabilities | 52,251.08 | 39,838.20 | 37,891.98 | 32,184.55 | 14,905.61 |
| Illiquid debts | 28,319.79 | 20,053.24 | 18,458.09 | 18,293.08 | 9,240.55 |
| Total liabilities | 80,570.87 | 59,891.44 | 56,350.07 | 50,477.63 | 24,146.16 |
| Capital | 2,074.12 | 2,045.72 | 2,045.72 | 2,041.76 | 1,898.27 |
| Capital reserve | 19,421.03 | 18,328.73 | 18,562.39 | 17,881.96 | 8,479.65 |
| Profit reserve | 880.09 | 652.24 | 456.48 | 430.12 | 333.56 |
| Backlog profit | 19,414.67 | 17,016.10 | 14,155.37 | 10,444.98 | 7,285.34 |
| Minority stock holders' equity | 2,651.53 | 3,418.49 | 3,272.40 | 2,746.73 | 2,453.58 |
| Total stockholders' equity | 44,971.43 | 40,999.19 | 38,005.27 | 33,160.18 | 20,387.75 |
| Total Liabilities and shareholders' equity | 125,542.30 | 100,890.62 | 94,335.34 | 83,637.81 | 44,533.91 |
Consolidated Profit and Loss Statement
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Sales | 61,469.63 | 48,614.56 | 48,783.59 | 36,303.95 | 16,899.80 |
| Operating profit | 4,487.89 | 4,696.29 | 4,845.74 | 3,511.93 | 3,091.36 |
| Gross profit | 4,440.16 | 4,638.26 | 4,828.79 | 3,498.13 | 3,041.36 |
| Net profit | 4,302.14 | 4,221.40 | 4,520.27 | 3,671.89 | 3,149.49 |
Consolidated Cash Flow
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Cash flows from operating activities | 7,492.13 | 4,433.73 | 8,676.26 | 2,860.22 | 1,862.85 |
| Cash flows from investing activities | (12,615.71) | (7,310.33) | (5,921.07) | (19,917.25) | (7,384.14) |
| Cash flows from financing activities | 4,382.66 | 1,400.16 | 31.04 | 18,121.19 | 8,215.77 |
| Gains (losses) from exchange-rate translation | 65.94 | 84.94 | (92.03) | 42.49 | (18.20) |
| Increases (decreases) in cash and cash equivalents | (674.98) | (1,391.50) | 2,694.19 | 1,106.65 | 2,676.27 |
| Cash and cash equivalent at the beginning of the term | 8,511.58 | 9,903.08 | 7,208.89 | 6,102.24 | 3,425.97 |
| Increases (decreases) in cash and cash equivalents | 7,836.60 | 8,511.58 | 9,903.08 | 6,102.24 | 6,102.24 |
Non-Consolidated
Unconsolidated balance sheet (B/S)
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Current assets | 19,368.43 | 12,433.95 | 11,450.14 | 20,878.05 | 9,666.85 |
| Illiquid assets | 28,585.17 | 22,670.38 | 20,949.29 | 11,889.80 | 9,089.72 |
| Total assets | 47,953.61 | 35,104.33 | 32,399.43 | 32,767.85 | 18,756.57 |
| Current liabilities | 12,249.36 | 9,125.81 | 7,893.76 | 8,499.81 | 6,284.54 |
| Illiquid debts | 12,128.89 | 5,577.46 | 4,933.58 | 5,295.54 | 3,446.09 |
| Total liabilities | 24,378.26 | 14,703.27 | 12,827.35 | 13,795.35 | 9,730.63 |
| Capital | 2,074.12 | 2,045.72 | 2,045.72 | 2,041.76 | 1,898.27 |
| Capital reserve | 15,878.02 | 14,454.20 | 14,524.89 | 13,788.64 | 4,329.81 |
| Profit reserve | 879.56 | 652.11 | 456.48 | 430.12 | 333.56 |
| Backlog profit | 4,271.36 | 3,743.23 | 3,002.96 | 3,092.55 | 2,526.96 |
| Total stockholders' equity | 23,575.35 | 20,401.07 | 19,572.08 | 18,972.49 | 9,025.94 |
| Total Liabilities and shareholders' equity | 47,953.61 | 35,104.33 | 32,399.43 | 32,767.85 | 18,756.57 |
Unconsolidated cash flow
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Sales | 14,999.27 | 11,607.41 | 9,260.66 | 10,881.64 | 9,760.11 |
| Operating profit | 2,051.28 | 1,937.76 | 251.61 | 888.98 | 397.90 |
| Gross profit | 2,043.14 | 1,906.33 | 243.90 | 880.09 | 377.17 |
| Net profit | 2,267.41 | 1,956.28 | 250.19 | 914.92 | 542.91 |
Unconsolidated profit and loss statement
(in CNY millions)
| FY ended Dec. 31, 2025 | FY ended Dec. 31, 2024 | FY ended Dec. 31, 2023 | FY ended Dec. 31, 2022 | FY ended Dec. 31, 2021 | |
| Cash flows from operating activities | (264.87) | (2,162.16) | 2,112.33 | (3,917.50) | (1,706.07) |
| Cash flows from investing activities | (5,210.18) | 273.14 | (2,520.06) | (5,286.90) | (1,343.81) |
| Cash flows from financing activities | 5,208.81 | 31.15 | 12,656.31 | 10,857.18 | 2,779.57 |
| Gains (losses) from exchange-rate translation | 11.80 | 12.10 | (7.48) | (15.00) | 7.52 |
| Increases (decreases) in cash and cash equivalents | (254.43) | (1,845.78) | (402.56) | 1,637.77 | (262.78) |
| Cash and cash equivalent at the beginning of the term | 1,770.74 | 3,616.51 | 4,019.07 | 2,381.29 | 2,644.08 |
| Increases (decreases) in cash and cash equivalents | 1,516.31 | 1,770.74 | 3,616.51 | 4,019.07 | 2,381.29 |



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