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Emeren Group | 10-Q: Q1 2024 Earnings Report

Emeren Group | 10-Q: Q1 2024 Earnings Report

Emeren Group | 10-Q:2024財年一季報
美股SEC公告 ·  2024/08/19 20:10

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Emeren Group reported Q1 2024 revenue of $14.6 million, up 13% year-over-year, with gross profit increasing to $4.3 million and gross margin reaching 29.6%. The growth was primarily driven by the Development Service Agreement (DSA) business contributing $5.1 million in revenue, while electricity generation revenue grew to $5.4 million. However, the company recorded a net loss of $5.5 million, largely due to a $3.3 million foreign exchange loss.The company's IPP assets demonstrated strong performance, contributing 36.9% of total revenue with a 46.5% gross margin. As of March 31, 2024, Emeren owned and operated 255 MW of solar PV projects and 19 MWh of storage assets across China, Europe and the U.S. The company maintained a robust project pipeline of 8,986 MW in solar development and 8,019 MW in storage projects across key markets.Show More
Emeren Group reported Q1 2024 revenue of $14.6 million, up 13% year-over-year, with gross profit increasing to $4.3 million and gross margin reaching 29.6%. The growth was primarily driven by the Development Service Agreement (DSA) business contributing $5.1 million in revenue, while electricity generation revenue grew to $5.4 million. However, the company recorded a net loss of $5.5 million, largely due to a $3.3 million foreign exchange loss.The company's IPP assets demonstrated strong performance, contributing 36.9% of total revenue with a 46.5% gross margin. As of March 31, 2024, Emeren owned and operated 255 MW of solar PV projects and 19 MWh of storage assets across China, Europe and the U.S. The company maintained a robust project pipeline of 8,986 MW in solar development and 8,019 MW in storage projects across key markets.Looking ahead, Emeren plans to expand its DSA partnerships globally while strengthening its battery storage portfolio, particularly in Italy where it secured agreements with Nuveen Infrastructure for 354 MW of battery storage projects. The company ended Q1 with $55.1 million in cash and positive working capital of $161 million, positioning it well for continued growth despite near-term challenges.
Emeren Group報告2024年第一季度營業收入爲1460萬美元,同比增長13%,毛利潤增加至430萬美元,毛利率達到29.6%。這一增長主要是由於開發服務協議(DSA)業務貢獻了510萬美元的營業收入,而電力生產營業收入增長至540萬美元。然而,公司記錄了550萬美元的淨虧損,主要由於330萬美元的匯率期貨損失。公司的IPP資產表現強勁,貢獻了36.9%的總營業收入,毛利率爲46.5%。截至2024年3月31日,Emeren在中國、歐洲和美國擁有和運營255 MW的太陽能光伏項目和19 MWh的儲能資產。公司在關鍵市場維持了8986 MW的太陽能開發項目和8019 MW的儲能項目的強大...展開全部
Emeren Group報告2024年第一季度營業收入爲1460萬美元,同比增長13%,毛利潤增加至430萬美元,毛利率達到29.6%。這一增長主要是由於開發服務協議(DSA)業務貢獻了510萬美元的營業收入,而電力生產營業收入增長至540萬美元。然而,公司記錄了550萬美元的淨虧損,主要由於330萬美元的匯率期貨損失。公司的IPP資產表現強勁,貢獻了36.9%的總營業收入,毛利率爲46.5%。截至2024年3月31日,Emeren在中國、歐洲和美國擁有和運營255 MW的太陽能光伏項目和19 MWh的儲能資產。公司在關鍵市場維持了8986 MW的太陽能開發項目和8019 MW的儲能項目的強大項目管道。展望未來,Emeren計劃在全球範圍內擴大其DSA合作伙伴關係,同時加強其電池儲能組合,特別是在意大利,與Nuveen製造行業達成了354 MW電池儲能項目的協議。公司第一季度結束時現金餘額爲5510萬美元,流動資金爲16100萬美元,爲繼續增長鋪平了道路,儘管面臨短期挑戰。

譯文內容由第三人軟體翻譯。


牛牛AI助手部分由第三方人工智慧模型基於資訊內容自動產生。


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