E-Power Class A (EPOW)
Manufactures graphite anodes for battery makers and is developing solar-and-storage microgrids.
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Manufactures artificial-graphite anode materials for battery makers, which provide most reported revenue, and retains a small knowledge-sharing VIE. An emerging microgrid business pairs solar with battery storage, while the operating engine remains a minority-owned but consolidated Chinese joint venture.
Manufactures artificial-graphite anode materials for lithium-ion battery makers, supplying formulations for electric vehicles, electric ships, stationary storage, and smart consumer electronics. Production is centered in Guizhou, China, with corporate offices in Zibo; the reported business is overwhelmingly graphite-product sales, while a legacy knowledge-sharing platform remains a small consolidated segment.
Is developing turnkey microgrids that pair solar generation with lithium-iron-phosphate battery storage, including an announced California EPC project, although this work was not yet a reported revenue segment in the latest annual statements.
Operates through a Cayman holding company, a minority-owned but consolidated graphite joint venture, and a contractually controlled Chinese VIE. Manufacturing depends on raw-material supply, electricity-intensive graphitization, qualification, and pricing in a market marked by overcapacity and competition; the new initiatives also depend on financing, permitting, counterparty performance, construction, and revenue conversion.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Dec 31, 2025Cash & short-term investments $21.8M · Total debt $81.3M · Total assets $156.4M · Shareholders' equity −$12.1M
- Revenue
- $18.4M
- Operating income
- −$15.4M
- Net income
- −$15.4M
No dividends on record.
1.16M ADS as of Sep 18, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
Some positions are filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
GMB Culture Communication Co., Ltd.Institution | —9.97% of class, as filed | — | filed Feb 14, 2024 |
GMB Resource Services Co., Ltd.Institution | —9.49% of class, as filed | — | filed Feb 14, 2024 |
Haiping Hu (“Hu”)Insider | —30.90% of class, as filed | — | filed Jan 12, 2024 |
Haiping Hu1Insiderdirector, 10 percent owner, officer: Chief Executive Officer | — | — | filed Mar 18, 2026 |
Yong Rong (HK) Asset Management LtdStrategic | —18.10% of class, as filed | — | filed Nov 20, 2025 |
- This position is filed in underlying shares, not receipts; the ratio is unknown, so no percentage.
Insider tradesForm 4
Nothing filed in the last 12 months.
Not reported.