Canadian Solar anticipates net profit of RMB1.20-1.40B for H1 2024, with Q2 showing 7-42% QoQ growth. The company expects 8.0 GW module shipments in Q2, up 27% QoQ, prioritizing profitability over volume. North America accounted for over 20% of Q1 shipments.The battery energy storage business is experiencing significant growth. Q1 deliveries nearly matched 2023's total, with Q2 expected to grow over 50% QoQ. 2024 projections are 6.0-6.5 GWh, a 500% YoY increase. Notable projects include a 220 MWh system in Australia and a 150 MW/705 MWh project in Canada. As of March 31, the company had a 56 GWh pipeline with $2.5B in contracted backlog.Canadian Solar maintains a strong financial position with RMB18.714B in cash and RMB40.4B in credit facilities as of June 30, with only 37% utilized. The company anticipates improved performance in H2 2024, focusing on operational quality and investment value to deliver shareholder returns.

Canadian Solar anticipates net profit of RMB1.20-1.40B for H1 2024, with Q2 showing 7-42% QoQ growth. The company expects 8.0 GW module shipments in Q2, up 27% QoQ, prioritizing profitability over volume. North America accounted for over 20% of Q1 shipments.The battery energy storage business is experiencing significant growth. Q1 deliveries nearly matched 2023's total, with Q2 expected to grow over 50% QoQ. 2024 projections are 6.0-6.5 GWh, a 500% YoY increase. Notable projects include a 220 MWh system in Australia and a 150 MW/705 MWh project in Canada. As of March 31, the company had a 56 GWh pipeline with $2.5B in contracted backlog.Canadian Solar maintains a strong financial position with RMB18.714B in cash and RMB40.4B in credit facilities as of June 30, with only 37% utilized. The company anticipates improved performance in H2 2024, focusing on operational quality and investment value to deliver shareholder returns.