- Revenues grew to $45.1 million in the year 2023, an increase of 18.16%
- Patent number grew to 27 in the year 2023, an increase of 145.45%
- Company expects revenues of $62.5 million for the year 2024, an increase of 38.58%
- Company expects to shrink its net loss attributable to the ordinary shareholders in 2024
ZIBO, China, May 23, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ: EPOW), announced that its net revenues increased by $7 million, or 18.16%, from $38.1 million for the year ended December 31, 2022, to $45.1 million for the year ended December 31, 2023. Revenues from graphite anode material sales business accounted for 98.52% and 98.57% of net revenues for the years ended December 31, 2023 and 2022, respectively. The Company had supplied products to 23 customers for 12,513 tons for the year ended December 31, 2023, as compared to 16 customers for 6,225 tons for year ended December 31, 2022.
Sunrise continuously invested in research and development to remain competitive in graphite anode material business. Patent number increased by 16, or 145.45%, from 11 as of December 31, 2022, to 27 as of December 31, 2023. Research and development expenses increased by $139,200 or 13.21%, from $1,053,882 for the year ended December 31, 2022 to $1,193,082 for the year ended December 31, 2023.
Sunrise's growth is being driven by the performance of its lithium battery graphite anode manufacturing business with the manufacturing plant located in Guizhou Province, China. The plant is now producing 30,000 metric tons of graphite anode a year, which has an approximate value of $66.7 million based on recent orders. Company expects revenues of $62.5 million for the year ending December 31, 2024, an increase of 38.58%, compared to $45.1 million for the year ended December 31, 2023.
Sunrise reported a net loss attributable to the ordinary shareholders of $24.2 million for the year ended December 31, 2023, compared to a loss of $22.6 million for the year ended December 31, 2022. The increased net loss attributable to the ordinary shareholders was attributable to the decrease in the sales prices of graphite anode material brought by market competition and industrial manufacturing capacity surplus. Notably, the Company believed that the net loss attributable to the ordinary shareholders had begun to shrink sequentially in the year 2024 as the industry began to recover due to the diminishment of outdated manufacturing capacity of the competitors and transformation strategy of the Company on the development of energy storage products.
"The rapid growth in EVs is driving demand for graphite anode and the market is in tight supply" commented Chairman, Mr. Haiping Hu. "I am extremely proud of the accomplishments of our team. As we look ahead to 2024, our focus is on utilizing our manufacturing capacity to fulfill our customer's orders efficiently and effectively. I believe strongly in the potential of our company. We have laid a strong foundation for growth, and I am excited about what we can achieve in the years ahead. This gives us confidence for our fulfillment for the year 2024."
About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company's joint venture has completed the construction of a manufacturing facility with a production capacity of 50,000 tons in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company's management team is also composed of experts with years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company's website at . The Company maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.
Forward-looking statement
Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China's macroeconomic conditions, the relevant international market conditions, and other related risks and assumptions disclosed in the Company's Annual Report on Form 20-F published on the SEC's website. In view of the above and other related reasons, we urge investors to visit the SEC's website and consider other factors that may affect the Company's future operating results. The Company is under no obligation to make public amendments to changes in these forward-looking statements unless required by law.
For more information, please contact:
The Company:
IR Department
Email: IR@sunrisenewenergy.com
Phone: +86 4009919228
2023 年收入增長至 4,510 萬美元,增長了 18.16%
專利數量在 2023 年增長到 27 項,增長了 145.45%
公司預計,2024年收入爲6,250萬美元,增長38.58%
公司預計將在2024年縮減歸屬於普通股股東的淨虧損
中國淄博,2024年5月23日(環球新聞)-有限公司新能源有限公司(“日出”,“公司”、“我們”或“我們的”)(納斯達克股票代碼:EPOW)宣佈,其淨收入從截至2022年12月31日的3810萬美元增至截至2023年12月30日的4510萬美元,增長了700萬美元,增幅18.16%。截至2023年和2022年12月31日,石墨陽極材料銷售業務的收入分別佔淨收入的98.52%和98.57%。截至2023年12月31日,公司向23家客戶供應了12513噸的產品,而截至2022年12月30日,公司爲16家客戶提供了6225噸的產品。
Sunrise持續投資於研發,以保持石墨陽極材料業務的競爭力。專利數量從截至2022年12月31日的11項增加到2023年12月31日的27項,增長了16項,增長了145.45%。研發費用增加了139,200美元,增長了13.21%,從截至2022年12月31日止年度的1,053,882美元增加到截至2023年12月31日止年度的1,193,082美元。
Sunrise的增長是由其鋰電池石墨陽極製造業務的表現推動的,該業務的製造工廠位於中國貴州省。該工廠現在每年生產3萬公噸石墨陽極,根據最近的訂單,其價值約爲6,670萬美元。公司預計,截至2024年12月31日的年度收入爲6,250萬美元,與截至2023年12月31日止年度的4,510萬美元相比增長了38.58%。
Sunrise報告稱,截至2023年12月31日的財年,歸屬於普通股股東的淨虧損爲2,420萬美元,而截至2022年12月31日止年度的虧損爲2,260萬美元。歸屬於普通股股東的淨虧損增加歸因於市場競爭和工業製造產能過剩帶來的石墨陽極材料銷售價格的下降。值得注意的是,該公司認爲,由於競爭對手過時的製造能力減少以及公司在儲能產品開發方面的轉型戰略,該行業開始復甦,歸屬於普通股股東的淨虧損已在2024年開始連續萎縮。
董事長鬍海平先生評論說:“電動汽車的快速增長推動了對石墨陽極的需求,市場供應緊張。”“我爲我們團隊取得的成就感到非常自豪。展望2024年,我們的重點是利用我們的製造能力高效地完成客戶的訂單。我堅信我們公司的潛力。我們已經爲增長奠定了堅實的基礎,我對未來幾年我們能取得的成就感到興奮。這使我們對2024年的成就充滿信心。”
關於日出新能源有限公司
日升新能源有限公司總部位於中國山東省淄博,通過其合資企業從事鋰離子電池石墨負極材料的製造和銷售。該公司的合資企業已在中國貴州省完成了生產能力爲50,000噸的製造工廠的建設。該發電廠依靠可再生能源的廉價電力運行,這有助於使Sunrise New Energy成爲低成本、低環境影響的石墨陽極材料生產商。公司創始人兼首席執行官胡海平先生自1999年起是中國石墨陽極行業的主要先驅。該公司的管理團隊還由在石墨陽極行業具有多年經驗和良好成功記錄的專家組成。此外,該公司還在中國運營知識共享平台。欲了解更多信息,請訪問該公司的網站。該公司維護一個推特賬戶(@sunrisenewener1),讓投資者隨時了解公司的最新發展。
前瞻性陳述
根據1995年《私人證券訴訟改革法》的規定,本新聞稿中有關公司未來預期、計劃和前景的某些陳述構成前瞻性陳述。前瞻性陳述包括有關計劃、目標、目標、戰略、未來事件、預期結果、假設的陳述以及任何其他未發生的事實陳述。任何提及 “可能”、“將”、“想要”、“應該”、“相信”、“期望”、“期望”、“估計” 或類似的非事實詞語的詞語均應被視爲前瞻性陳述。由於各種因素,實際業績可能與歷史業績或這些前瞻性陳述中表達的內容存在重大差異。這些因素包括但不限於公司的戰略目標、公司的未來計劃、市場需求和用戶對公司產品或服務的接受程度、技術更新、經濟趨勢、公司的聲譽和品牌、行業競爭和投標的影響、相關政策法規、中國宏觀經濟狀況的起伏、相關的國際市場狀況以及公司發佈的20-F表年度報告中披露的其他相關風險和假設在美國證券交易委員會的網站上。鑑於上述和其他相關原因,我們敦促投資者訪問美國證券交易委員會的網站,並考慮可能影響公司未來經營業績的其他因素。除非法律要求,否則公司沒有義務對這些前瞻性陳述的變更進行公開修改。
欲了解更多信息,請聯繫:
該公司:
投資者關係部
電子郵件: IR@sunrisenewenergy.com
電話:+86 4009919228