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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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