ELPWNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesUS GAAP · USD

Elong Power Holding Ltd.

Elong Power Holding Ltd. develops lithium-battery energy storage systems and related components, including battery cells, modules, system integration, and battery management systems. The company is organized around energy storage applications for residential, commercial and industrial, and grid-side use cases, with operations and subsidiaries tied to China and overseas markets.

Kysy yhtiöstä
Liikevaihto2,1milj. USD
+430,7 %v/v
Liikevoitto (EBIT)−1,5milj. USD
+94,9 %v/v
EBIT-marginaali−71,8%
+7 454,4 %-yks.v/v
Nettotulos−5,6milj. USD
+81,5 %v/v
Vapaa kassavirta−2,8milj. USD
−0,0 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2022–2025

−30−20−10010milj. USD2022: 6,8 milj. USD2022: EBIT −8,2 milj. USD20222023: 3,2 milj. USD2023: EBIT −7,9 milj. USD20232024: 0,39 milj. USD2024: EBIT −29 milj. USD20242025: 2,1 milj. USD2025: EBIT −1,5 milj. USD20252,1−1,5
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Battery cells30 %

Lithium-ion cells, including lithium manganese oxide and lithium iron phosphate chemistries, used as the core energy-storage component.

Battery modules and system integration30 %

Modules, packs, and integrated storage systems assembled for specific customer and application needs.

Battery management systems15 %

Control and monitoring systems that manage charging, safety, and performance across battery installations.

Residential energy storage10 %

Home battery storage solutions designed for backup power and self-consumption use cases.

Commercial and industrial storage10 %

Storage systems for businesses and industrial sites seeking load management and power resilience.

Grid-side storage and services5 %

Utility-scale storage applications and related lifecycle services for grid support.

Tuotteet

Raportoitu · osuus liikevaihdosta
73,2%26,8%FY2024100 %
  • Battery Spare Parts and Others73,2 %
  • Battery Packs or Battery Cells26,8 %

Lähde: 20-F FY2024, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Elong Power sells energy storage solutions to customers that need reliable backup power, load shifting, and grid support, including residential users, commercial and industrial operators, and grid-related buyers. Its offerings are suited to customers that value higher reliability, integrated system design, and lifecycle support rather than standalone battery hardware alone.

Residential energy storage buyers

Households purchasing battery systems for backup power, solar pairing, and energy independence.

Commercial and industrial customers

Businesses and industrial sites buying storage systems for demand management, resilience, and efficiency.

Grid-side energy storage customers

Utility and grid-related buyers using storage for balancing, support, and system flexibility.

Overseas channel and project partners

Non-domestic customers and partners that procure integrated storage systems for local deployment.

Strategia

Elong Power describes its strategy as asset-light and R&D-intensive, with a focus on AI-enabled energy storage systems. It is building a product set that spans cell chemistry, system integration, and lifecycle services, while targeting both domestic and overseas deployment scenarios.

Deepen R&D in battery and system technologiesKeskipitkä aikaväli

Technical differentiation matters in storage, where reliability, safety, and performance drive adoption.

Expand into overseas residential and C&I marketsKeskipitkä aikaväli

International deployment broadens the customer base and reduces reliance on any one market.

Build a broader energy storage lifecycle offeringLyhyt aikaväli

Lifecycle services can strengthen customer retention and improve the value captured per installation.

Maantiede

The company is based in Beijing, China, and its disclosed operating footprint includes China alongside overseas residential and C&I energy storage markets. Its business model is exposed to both domestic grid-side demand and international adoption of storage systems, which can affect sourcing, standards compliance, and customer mix.

Riskit

The company is exposed to product reliability, technology obsolescence, and execution risk because storage customers depend on safe battery performance and stable system integration. It also faces financing and capital-market risk, as disclosed equity offerings and corporate actions suggest reliance on external funding and a changing group structure.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Battery safety and performance risk1Technology obsolescence2Financing and dilution risk3Cross-border regulatory and market risk4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Battery safety and performance riskVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Energy storage systems must operate reliably over long cycles; failures can trigger warranty claims, recalls, or customer loss.

    KohdistuuCell chemistryModulesBMSIntegrated systems
  2. Technology obsolescenceVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Storage markets evolve quickly across chemistries, software, and system architecture, requiring continued R&D investment.

    Kohdistuu: Lithium manganese oxide and lithium iron phosphate product lines

  3. Financing and dilution riskVaikutus: KeskitasoTodennäköisyys: Korkea

    The company has used equity issuance and registered offerings, which can dilute existing holders if external capital is needed repeatedly.

    Kohdistuu: Public-market funding activity

  4. Cross-border regulatory and market riskVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Overseas operations and sales require compliance with different certification, trade, and procurement rules.

    Kohdistuu: Residential and C&I markets outside China

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for storage systems

System sales may include hardware, integration, and service elements that can be recognized at different times.

Vaikutus: Can shift reported revenue between periods

Warranty and service provisions

Battery products often carry long-tail repair or replacement obligations based on performance claims.

Vaikutus: Affects cost of sales and liabilities

Warrants and equity issuance

Registered offerings and prefunded units can create complex equity and derivative accounting judgments.

Vaikutus: Can affect dilution and fair value gains/losses

Impairment of development assets

R&D-intensive companies must assess whether technology investments remain recoverable.

Vaikutus: Can create non-cash write-downs

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Päivitetty: 28.9.2026

Elong Power Holding Ltd. (Nasdaq) – Miscellaneous Electrical Machinery, Equi | Analyysi – Clarifo