share_log

Emeren Group | 10-Q: Q1 2024 Earnings Report

Emeren Group | 10-Q: Q1 2024 Earnings Report

Emeren Group | 10-Q:2024财年一季报
美股SEC公告 ·  2024/08/20 04:10

Moomoo AI 已提取核心信息

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报告2024年第一季度营业收入为1460万美元,同比增长13%,毛利润增加至430万美元,毛利率达到29.6%。这一增长主要是由于开发服务协议(DSA)业务贡献了510万美元的营业收入,而电力生产营业收入增长至540万美元。然而,公司记录了550万美元的净亏损,主要由于330万美元的汇率期货损失。公司的IPP资产表现强劲,贡献了36.9%的总营业收入,毛利率为46.5%。截至2024年3月31日,Emeren在中国、欧洲和美国拥有和运营255 MW的太阳能光伏项目和19 MWh的储能资产。公司在关键市场维持了8986 MW的太阳能开发项目和8019 MW的储能项目的强大...展开全部
Emeren Group报告2024年第一季度营业收入为1460万美元,同比增长13%,毛利润增加至430万美元,毛利率达到29.6%。这一增长主要是由于开发服务协议(DSA)业务贡献了510万美元的营业收入,而电力生产营业收入增长至540万美元。然而,公司记录了550万美元的净亏损,主要由于330万美元的汇率期货损失。公司的IPP资产表现强劲,贡献了36.9%的总营业收入,毛利率为46.5%。截至2024年3月31日,Emeren在中国、欧洲和美国拥有和运营255 MW的太阳能光伏项目和19 MWh的储能资产。公司在关键市场维持了8986 MW的太阳能开发项目和8019 MW的储能项目的强大项目管道。展望未来,Emeren计划在全球范围内扩大其DSA合作伙伴关系,同时加强其电池储能组合,特别是在意大利,与Nuveen制造行业达成了354 MW电池储能项目的协议。公司第一季度结束时现金余额为5510万美元,流动资金为16100万美元,为继续增长铺平了道路,尽管面临短期挑战。
声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息