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EPOW on Nasdaq

E-Power Inc.

E-Power Inc. is a Chinese miscellaneous electrical machinery company based in Zibo.1 Its shares trade on Nasdaq under the symbol EPOW.1

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Last updated Oct 21, 2026.

Overview

$46.4MRevenue, fiscal 20252
-$16.6MNet income, fiscal 20252

Compare with Electrovaya Inc., Flux Power Holdings, Inc. or Dragonfly Energy Holdings Corp., or pick any stock.

  • TickerEPOW on Nasdaq1
  • IndustryMiscellaneous Electrical Machinery, Equipment & Supplies1
  • HeadquartersF41
  • Incorporated inChina3
  • Business addressR703 W R&D Bldg,Zibo Science & Tech Park, No. 69 Sanying Road Zhangdian District, Zibo City, Shandong Province3
  • Filer categoryNon-accelerated filer, Emerging growth company3
  • Legal formCorporation

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Islands. As a holding company with no material operations of our own, we primarily operate our businesses through PRC operating entities.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-12.6%Gross margin2
-34.5%Operating margin2
-35.8%Net margin2
-28.6%Revenue growth, 20252
-$31.6MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Graphite Anode Business brought in 100% of the revenue E-Power Inc. broke down this way in fiscal 2025.

  1. Graphite Anode Business$46.3M2100%down 28% from 2024
  2. Knowledge Sharing And Enterprise Business$74.0K20%down 88% from 2024
  3. Service$74.0K20%down 88% from 2024
Products and services by year
Products and services202320242025
Graphite Anode Business$44.4M$64.4M$46.3M
Knowledge Sharing And Enterprise Business$666.4K$632.4K$74.0K
Service$666.4K$632.4K$74.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue94¢$52.3M
  • Research and development4¢$2.0M
  • Interest2¢$1.1M
  • Income tax0¢$387

Out of $46.4M in revenue.2 The company lost money this year.

Financial statements

Revenue56782$46.4M in 2025+243% since 2018
0$20.0M$40.0M$60.0M$80.0M2018: $13.5M$13.5M20182019: $17.9M$17.9M2019+32%2020: $23.2M$23.2M2020+29%2021: $7.4M$7.4M2021−68%2022: $38.1M$38.1M2022+415%2023: $45.1M$45.1M2023+18%2024: $65.0M$65.0M2024+44%2025: $46.4M$46.4M2025−29%
Gross profit7982-$5.8M in 2025
-$20.0M-$10.0M0$10.0M$20.0M$30.0M2020: $20.2M$20.2M20202021: $3.5M$3.5M2021−83%2022: -$1.4M-$1.4M20222023: -$12.4M-$12.4M2023+819%2024: -$5.8M-$5.8M2024−53%2025: -$5.8M-$5.8M2025+1%
Operating income567982-$16.0M in 2025
-$40.0M-$20.0M0$20.0M2018: $8.7M$8.7M20182019: $10.8M$10.8M2019+24%2020: $14.7M$14.7M2020+37%2021: -$7.4M-$7.4M20212022: -$18.8M-$18.8M2022+154%2023: -$30.5M-$30.5M2023+62%2024: -$16.6M-$16.6M2024−46%2025: -$16.0M-$16.0M2025−3%
Net income567982-$16.6M in 2025
-$30.0M-$20.0M-$10.0M0$10.0M$20.0M2018: $7.5M$7.5M20182019: $9.7M$9.7M2019+30%2020: $12.1M$12.1M2020+24%2021: -$8.4M-$8.4M20212022: -$22.6M-$22.6M2022+169%2023: -$24.2M-$24.2M2023+7%2024: -$11.8M-$11.8M2024−51%2025: -$16.6M-$16.6M2025+41%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Total revenues$46.4M$65.0M$45.1M
Total cost of revenues$52.3M$70.8M$57.5M
GROSS LOSS-$5.8M-$5.8M-$12.4M
Selling expenses$895.1K$899.8K$742.2K
General and administrative expenses$7.3M$7.4M$13.0M
Research and development expenses$2.0M$2.5M$1.2M
Impairment of intangible assets$3.2M
Total operating expenses$10.2M$10.8M$18.1M
LOSS FROM OPERATIONS-$16.0M-$16.6M-$30.5M
Investment income (losses)$146.4K$198.2K-$1.2M
Interest expense, net-$4.6M-$2.0M-$2.2M
Share subscription discount expenses-$6.5M
Other income, net$323.1K$441.2K$942.1K
Total other expenses, net-$10.6M-$1.4M-$2.4M
LOSS BEFORE INCOME TAXES-$26.7M-$18.0M-$32.9M
Income taxes (benefit) provision-$387$5.6K-$226
NET LOSS-$26.7M-$18.0M-$32.9M
Less: net loss attributable to non-controlling interests-$10.0M-$6.2M-$8.7M
NET LOSS ATTRIBUTABLE TO E-POWER INC. ORDINARY SHAREHOLDERS-$16.6M-$11.8M-$24.2M
Foreign currency translation adjustment$656.4K-$962.9K-$1.2M
TOTAL COMPREHENSIVE LOSS-$26.0M-$18.9M-$34.1M
Less: comprehensive loss attributable to non-controlling interests-$9.6M-$6.6M-$9.2M
COMPREHENSIVE LOSS ATTRIBUTABLE TO ORIDNARY SHAREHOLDERS OF E-POWER INC.-$16.4M-$12.4M-$24.9M
Basic - Class A and Class B ordinary shares (in Dollars per share)-$0.57-$0.48-$1.08
Diluted - Class A and Class B ordinary shares (in Dollars per share)-$0.57-$0.48-$1.08
Basic - Class A and Class B ordinary shares (in Shares)29.0M shares26.4M shares25.6M shares
Diluted - Class A and Class B ordinary shares (in Shares)29.0M shares26.4M shares25.6M shares

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Corporate structure

E-Power Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of E-Power Inc.

  • E-Power Inc. F4

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What E-Power Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$3.0M2 Dec 31, 2025$3.0M2 Dec 31, 2024+0.6%
Property and equipment, before depreciation$76.2M2 Dec 31, 2025$66.5M2 Dec 31, 2024+14.5%
Accumulated depreciation$15.3M2 Dec 31, 2025$9.0M2 Dec 31, 2024+69.0%
Property and equipment, net$63.9M2 Dec 31, 2025$60.5M2 Dec 31, 2024+5.7%
Finance-lease assets$2.0M2 Dec 31, 2025$5.2M2 Dec 31, 2024−61.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$21.8M2 Dec 31, 2025$1.3M2 Dec 31, 2024+1627.1%
Long-term investments$2.2M2 Dec 31, 2025$2.0M2 Dec 31, 2024+11.9%
Deposits held (banks)$6.9M8 Dec 31, 2024

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$217.3K2 Dec 31, 2025$71.9K2 Dec 31, 2024+202.2%
Finite-lived intangibles, net$217.3K2 Dec 31, 2025$80.9K9 Dec 31, 2023+168.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$24.1M2 Dec 31, 2025$17.7M2 Dec 31, 2024+36.5%
Raw materials$3.7M2 Dec 31, 2025$2.6M2 Dec 31, 2024+40.5%
Work in process$17.5M2 Dec 31, 2025$11.7M2 Dec 31, 2024+48.8%
Finished goods$3.0M2 Dec 31, 2025$3.3M2 Dec 31, 2024−10.2%

Leadership

Who has led E-Power Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Haiping Hu2026–now
Board members and other officers (3)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chao Liu is the chief financial officer and director of the issuer.Chao Liu named Sep 25, 2025 to Oct 3, 202513
  • Jian Pei is a director of the issuer.Jian Pei named Sep 25, 2025 to Oct 3, 202513
  • Xin Zhang is a director of the issuer.Xin Zhang named Sep 25, 2025 to Oct 3, 202513

Former names

  • Sunrise New Energy Co., Ltd.Aug 12, 2022 to Jan 7, 20263
  • Global Internet of People, Inc.Jun 28, 2019 to Jul 14, 20223

Timeline

  1. Mar 18, 2026New chief executive Haiping Hu becomes CEO10

Filings

84 filings to the SEC since October 2021: 6 annual reports, 4 insider forms, 4 large holders, 2 private raises, 68 other. The latest 20:

  1. Oct 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Oct 6, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  3. Sep 30, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  4. Sep 15, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  5. Sep 4, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  6. Aug 12, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  7. Jul 30, 2026EFFECT EDGAR
  8. Jul 24, 2026F-3 REGISTRATION STATEMENT EDGAR
  9. Jul 17, 2026S-8 REGISTRATION STATEMENT EDGAR
  10. Jul 1, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  11. Jun 23, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  12. Jun 9, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  13. May 22, 2026424B5 PROSPECTUS SUPPLEMENT EDGAR
  14. May 15, 202620-F ANNUAL REPORT EDGAR
  15. Apr 30, 2026NT 20-F EDGAR
  16. Mar 27, 20263 EDGAR
  17. Mar 18, 20263 EDGAR
  18. Mar 18, 20263 EDGAR
  19. Mar 18, 20263 EDGAR
  20. Mar 11, 20266-K CURRENT REPORT EDGAR

The 84 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$2.2M 2025–2025
Money received by yearMoney received by year, 2025–2025: $2.2M in all. Private raises (Form D) $2.2M.$0$1M$2M$3M2025 · Private raises (Form D): $2.2M2025
Figures by year
YearPrivate raises (Form D)Total
2025$2.2M$2.2M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Oct 3, 2025Raised $1.6 million in a private offering of equity13 Form D: 1 investor so far Form D
  2. Sep 23, 2025Raised $550,000 in a private offering of equity18 Form D: 1 investor so far Form D

SEC filer profile

How E-Power Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARE-Power Inc.1
  • CIK0001780731
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business addressR703 W R&D Bldg,Zibo Science & Tech Park, No. 69 Sanying Road Zhangdian District, Zibo City, Shandong Province, China1
  • Phone86-010829677281
  • Shares outstanding32,161,978 Common Class A shares; 6,567,272 Common Class B shares as of Dec 31, 20254
  • AuditorWei, Wei & Co., LLP, Flushing, New York PCAOB ID 2388; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJun 28, 20191
  • Filings128 in all: 6-K (45), CORRESP (12), UPLOAD (10), F-1/A (9), 20-F (6), FWP (5), 144 (4), 3 (4)1
    All 28 form types

    424B5 (4), NT 20-F (4), EFFECT (3), D (2), F-3 (2), F-3/A (2), S-8 (2), SC 13G (2), 20-F/A (1), 424B4 (1), 6-K/A (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), DRSLTR (1), F-1 (1), F-1MEF (1), SC 13D (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (20-F) May 15, 2026

Securities registered for trading

ClassSymbolExchange
Class A ordinary shareEPOWThe Nasdaq Stock Market LLC

From the cover page of the 20-F filed May 15, 2026 (Section 12(b) of the Exchange Act).4

Sources

The numbers on this page point here. Each one links to the record it came from.

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