EVE Energy: Controlling Shareholder Releases Pledge of 6.7 Million Shares and Increases Pledge by 10.5 Million Shares

Radar Finance | Written by Yang Yang | Edited by Li Yihui

On March 12, Huizhou EVE Energy Co., Ltd. (Stock Code: 300014, Stock Name: EVE Energy) announced that its controlling shareholder, Tibet EVE Holding Co., Ltd., recently解除质押 and pledged some of its shares. Specifically, EVE Holding解除了6,700,000 shares, accounting for 1.03% of its holdings and 0.32% of the company’s total share capital. The pledgee is GF Securities Co., Ltd.

At the same time, EVE Holding added a pledge of 10,500,000 shares, representing 1.61% of its holdings and 0.51% of the total share capital. The pledgee is Yunnan International Trust Co., Ltd., and the pledged shares are for business operations.

As of the disclosure date, the company’s controlling shareholder, actual controller, and their concerted actors have pledged a total of 285,960,000 shares, accounting for 36.93% of their holdings. The announcement emphasizes that EVE Holding’s credit status is good, the risk of pledged shares is controllable, and there is currently no risk of margin calls or forced liquidation. These pledge activities will not lead to a change in the company’s actual control.

According to Tianyancha, EVE Lithium Energy was established on December 24, 2001, with a registered capital of approximately 2.0457 billion RMB. The legal representative is Liu Jincheng, and the registered address is No. 38, Hui Feng 7th Road, Zhongkai High-tech Zone, Huizhou. Its main business includes R&D, production, and sales of consumer batteries (including lithium primary batteries, small lithium-ion batteries, cylindrical batteries), power batteries (including new energy vehicle batteries and battery systems), and energy storage batteries.

Currently, the company’s chairman is Liu Jincheng, the secretary is Jiang Min, with 29,994 employees. The actual controllers are Luo Jinhong and Liu Jincheng.

The company has stakes in 57 subsidiaries, including EVE Asia Limited, Huizhou Jinyuan Precision Automation Equipment Co., Ltd., EVE International Industrial Co., Ltd., Huizhou EVE Chuangneng Battery Co., Ltd., and EVE Battery Investment Ltd.

In terms of performance, the company’s revenue for 2022, 2023, and 2024 was approximately 36.304 billion RMB, 48.784 billion RMB, and 48.615 billion RMB, respectively, with year-over-year growth of 114.82%, 34.38%, and -0.35%. Net profit attributable to shareholders was approximately 3.509 billion RMB, 4.050 billion RMB, and 4.076 billion RMB, with YoY growth of 20.76%, 15.42%, and 0.63%. During the same period, the company’s asset-liability ratio was 60.35%, 59.72%, and 59.36%.

Regarding risks, Tianyancha data shows the company has 1,244 internal Tianyan risks, 1,067 surrounding risks, 242 historical risks, and 593 warning risks.