EVE Energy (SHE:300014) expects to record a 100% to 120% year-over-year rise in adjusted attributable net profit in the first three quarters, according to a Shenzhen bourse filing on Friday.
Adjusted attributable net profit is estimated to range between 3.87 billion yuan and 4.26 billion yuan, up from 1.94 billion yuan a year earlier.
The battery manufacturer attributed the anticipated growth to product iteration, service upgrades, process optimization and market growth opportunities.
Shares of the company were up 1% in recent trade.
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