The controlling shareholders of Eve Energy Co., Ltd., a leading power battery company with a market cap exceeding 100 billion yuan, have executed a significant share reduction.
On November 5, Eve Energy announced that its controlling shareholder, Tibet Eve Holdings Co., Ltd. ("Eve Holdings"), along with actual controllers Liu Jincheng and Luo Jinhong, transferred 40.7768 million shares (1.99% of total shares) via block trade at 72.20 yuan per share, totaling 2.944 billion yuan. Post-transfer, their combined stake decreased from 39.85% to 37.85%.
The block trade, a non-public transfer method, imposes a six-month lock-up period on institutional buyers including Haitong Securities and Xingquan Global Fund. Though not a direct secondary market sale, this move successfully realized 2.944 billion yuan for the couple, who each hold 50% of Eve Holdings. The company cited loan repayment and business development needs as reasons for the transfer.
Amid lithium battery industry recovery, Eve Energy reported Q1-Q3 2025 revenue of 45.002 billion yuan (+32.17% YoY) but saw net profit decline 11.7% to 2.816 billion yuan. Despite profit pressure, its stock surged over 50% YTD, boosting the couple's wealth to 52.5 billion yuan (ranked 106th on Hurun Rich List 2025).
This marks their second major divestment after Luo's 724 million yuan share sale in December 2021. Founded in 2001 and listed in 2009, Eve Energy evolved from lithium primary batteries to become a global player in power/energy storage batteries, earning the nickname "Lithium Maotai."
While Q3 showed recovery (16.832 billion yuan revenue, +35.85% YoY), 9M cumulative profits fell due to one-time factors. The company maintains optimistic 2026 growth projections (>50% for power batteries) but faces rising debt ratios (63.47% in Q3) amid aggressive overseas expansion plans, including a pending HK IPO targeting 30 billion HKD for Hungary/Malaysia projects.
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