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← CockpitCompetitor Analysis › 300014.SZ EVE Energy Co. Ltd. Class AOpen in the cockpit ↗

EVE Energy Co. Ltd. Class A300014.SZCompetitor analysis, valuation and peers

China · CNY·Industrials›Electrical Products

Chinese lithium-battery maker supplying EV/power batteries, energy-storage cells and consumer batteries (e.g., disposable lithium cells).

≈ A China-scale, diversified peer to Panasonic EnergyMomentum neutral 58
Mkt cap
$17.0B
US dollars, full cap
Free float
65%
of shares outstanding
$/day
$284M
20-day average traded
Fwd P/E
15.5×
forward earnings
ROIC−WACC
-2.1 pp
WACC 9.3%
Hurdle
n/a
no reverse DCF
Next earnings
165 days
20 Apr 2027
Close · CNYCN¥52.02
1D-1.6%
1W+11.2%
1M+3.0%
3M-4.6%
6M-28.3%
YTD-20.9%
1Y-33.7%
ATR %4.2%
52w lowhigh42.1% off high

What EVE Energy does

Chinese lithium-battery maker supplying EV/power batteries, energy-storage cells and consumer batteries (e.g., disposable lithium cells).

Sells battery cells in different formats under supply agreements with automakers and storage integrators, so each customer qualification becomes a multi-year volume channel. Consumer and small-cell batteries were its origin and remain a base, while the power and energy-storage units absorb heavy capacity spending.

In one line: A China-scale, diversified peer to Panasonic Energy.

Products and services

  • EV/power batteries
  • Energy storage system (ESS) cells
  • Consumer lithium primary/rechargeable cells
  • Cylindrical/large-format cells

Customers

  • Global automakers (EV battery supply)
  • Utility/grid storage integrators
  • Consumer electronics/IoT device makers

Where it sits in the supply chain

  • Batteries & energy storage
  • Lithium-ion cell manufacturing
  • Consumer, EV/power and energy-storage…

What could go right

  • EV/ESS battery demand growth
  • Diversified customer base across battery formats

What could go wrong

  • Intense multi-player battery price competition
  • Capex-heavy capacity expansion cycle

Moat: narrow (scale, process know-how). Broad battery-format manufacturing scale and automaker qualification, in a highly competitive multi-player battery market.

Headquarters: Huizhou, China · Founded: 2001 · Employees: 31,213

Named competitors

EVE Energy at a glance

Size EVE Energy (300014.SZ) is a China Industrials company (Electrical Products) with a market value of $17.0B, the 134th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥52.02 on 6 Nov 2026.

Performance Over six months the shares fell 28.3%, against -25.7% for the median peer and -16.4% for the China market (cap-weighted) — 9th lowest of 21 in its peer set.

Growth Revenue grew 50.9% over the last twelve months (peer median +18.9%); the operating margin is 5.7% (peer median 11.6%).

Valuation It trades at 15.5× forward earnings against a peer median of 18.2× (10th cheapest of 21).

Capital Return on invested capital runs 2.1 points below its cost of capital (9.3% WACC).

Next results Next results expected around 20 Apr 2027 (exchange calendar; dates can move).

Relative performance

608010011 May 202611 Aug 20266 Nov 2026Peer median 72300014.SZ 69
Six months, rebased to 100: EVE Energy against the median of its 20 peers (local-currency closes).

EVE Energy financials

Reported figures in CNY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
RevenueCN¥89.9BCN¥61.4BCN¥48.6BCN¥48.7BCN¥36.3B
Revenue growth—+26%0%+34%—
Gross profitCN¥15.5BCN¥9.20BCN¥7.77BCN¥7.68BCN¥5.66B
EBITDAn/aCN¥6.53BCN¥5.91BCN¥4.36BCN¥2.64B
Net incomeCN¥6.56BCN¥4.13BCN¥4.08BCN¥4.05BCN¥3.51B
Free cash flow-CN¥6.11B-CN¥2.13B-CN¥796MCN¥4.01B-CN¥10.5B
Capital expenditureCN¥11.2BCN¥10.4BCN¥5.55BCN¥5.00BCN¥13.8B
Total debtCN¥47.6BCN¥42.0BCN¥31.1BCN¥29.4BCN¥32.9B

Quarterly statements and history in the cockpit →

EVE Energy competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-60%-40%-20%-40%-20%0%000408BHEL605117ABB600487601869600089SIEMENS1072CGPOWER010120HUBB60172718886594600522NDX1300274RRX300014.SZ6-month return →1-month return →
Up and to the right = strong over both horizons. EVE Energy is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%20×40×60×000408BHEL605117ABB600487601869600089SIEMENS1072CGPOWER010120HUBBPOLYCAB60172718886594600522300274300014.SZRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. EVE Energy is the large dot.

EVE Energy competitors and peer comparison

Head to head with its named competitors (300014.SZ vs 300750.SZ vs 002594.SZ vs 006400.KS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
EVE Energy 300014.SZ$17.0B-28%+51%6%15.5×n/a
Contemporary Amperex Technology 300750.SZ$179B-42%+51%14%13.0×1.6%
BYD 002594.SZ$96.6B-17%-4%4%21.2×n/a
Samsung Sdi 006400.KS$26.8B-33%+21%0%45.9×n/a
Panasonic 6752.T$44.5B-6%+4%8%13.5×9.8%

How EVE Energy compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

EVE Energy against its 20 peers (data as of 6 Nov 2026)
Measure300014.SZPeer medianRank in peer set
1-month return+3.0%-6.4%5th highest of 21
6-month return-28.3%-25.7%9th lowest of 21
Distance from 52-week high-42.1%-38.5%10th lowest of 21
Revenue growth (TTM)+50.9%+18.9%3rd highest of 21
Operating margin5.7%11.6%3rd lowest of 20
Forward P/E15.5×18.2×10th cheapest of 21
ROIC minus cost of capital-2.1 pp+3.7 pp5th lowest of 19

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
EVE Energy 300014.SZChina$17.0B-28%+51%6%15.5×n/an/a
Zangge Mining 000408.SZChina$15.5B-26%+35%51%12.5×22.0%+13.4%
Bharat Heavy Electricals BHEL.NSIndia$15.4B+3%+29%9%41.2×44.1%+14.6%
Ningbo Deye Technology 605117.SSChina$15.3B-26%+71%27%17.3×7.9%+32.1%
ABB India ABB.NSIndia$15.2B-6%+8%13%85.7×47.3%+17.8%
Hengtong Optic-Electric 600487.SSChina$14.9B-38%+21%9%11.8×n/an/a
Yangtze Optical Fibre & Cable Joint Stock 601869.SSChina$19.8B-32%+68%34%23.8×15.7%+11.6%
TBEA 600089.SSChina$14.2B-29%+12%6%15.2×n/an/a
Siemens SIEMENS.NSIndia$13.4B-8%-12%9%72.7×n/an/a
Dongfang Electric 1072.HKHong Kong$13.1B-56%+7%5%10.4×n/an/a
CG Power & Industrial Solutions CGPOWER.NSIndia$12.9B-10%+24%12%72.3×n/an/a
Ls Electric 010120.KSSouth Korea$12.8B-58%+32%10%31.6×21.9%+15.6%
Hubbell HUBBUnited States$22.7B-13%+16%21%19.1×10.5%+9.7%
Polycab India POLYCAB.NSIndia$12.5B-13%+41%13%33.8×n/an/a
Shanghai Electric 601727.SSChina$12.3B-24%+16%n/a64.2×-5.7%-1.6%
Kingboard Laminates 1888.HKHong Kong$12.2B-26%+32%21%10.8×n/an/a
Nidec 6594.TJapan$11.7B-33%+4%-22%11.5×8.4%+10.9%
Jiangsu Zhongtian Technology 600522.SSChina$11.7B-30%+22%8%11.6×4.1%+4.5%
Nordex NDX1.DEGermany$11.4B-7%+12%8%19.6×3.7%+10.2%
Sungrow Power Supply 300274.SZChina$25.3B-40%-24%12%14.9×12.1%+35.8%
Regal Rexnord RRXUnited States$11.3B-21%+5%12%14.0×14.0%+15.3%

Questions

Who are EVE Energy's main competitors?
Named competitors: CATL (300750.SZ), BYD (002594.SZ), Samsung SDI (006400.KS), Panasonic (6752.T). The cockpit's measured peer set (industry) also includes Zangge Mining (000408.SZ), Bharat Heavy Electricals (BHEL.NS), Ningbo Deye Technology (605117.SS), ABB India (ABB.NS), Hengtong Optic-Electric (600487.SS), Yangtze Optical Fibre & Cable Joint Stock (601869.SS).
Is EVE Energy expensive compared with its peers?
On forward p/e it trades at 15.5× against a peer median of 18.2×, 10th cheapest of 21 in its peer set.
How has EVE Energy stock performed?
Over six months to 6 Nov 2026 the shares returned -28.3% against -25.7% for the median peer; over one year -33.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.