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Emeren Group | 10-Q: Quarterly report

Emeren Group | 10-Q: Quarterly report

Emeren Group | 10-Q:季度報表
美股SEC公告 ·  2024/11/15 06:03

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Emeren Group reported Q3 2024 revenue of $12.9 million, down from $13.9 million in Q3 2023, while achieving a robust gross margin of 43.8%. The company recorded net income attributed to Emeren Group of $4.8 million, supported by a $4.6 million foreign exchange gain as the Euro strengthened during the quarter. IPP segment remained strong with $9.4 million in revenue and $5.4 million in gross profit.The company's project pipeline expanded significantly, with 2.5 GW in advanced-stage and 5.2 GW in early-stage solar projects across Europe, US, and China. The storage project pipeline grew to 7.8 GW, including 3.0 GW in advanced stage. Notable achievements included executing a 394 MW BESS DSA with PLT energia Srl and completing the sale of 57 MW solar projects to Trina Solar.Operating expenses decreased significantly to $3.5 million from $9.6 million year-over-year, reflecting improved operational efficiency. The company maintained a strong balance sheet with $35.8 million in cash and cash equivalents, and positive working capital of $163.0 million. Management expressed confidence in meeting working capital and capital expenditure needs for the next 12 months through cash flows and continued financial support.
Emeren Group reported Q3 2024 revenue of $12.9 million, down from $13.9 million in Q3 2023, while achieving a robust gross margin of 43.8%. The company recorded net income attributed to Emeren Group of $4.8 million, supported by a $4.6 million foreign exchange gain as the Euro strengthened during the quarter. IPP segment remained strong with $9.4 million in revenue and $5.4 million in gross profit.The company's project pipeline expanded significantly, with 2.5 GW in advanced-stage and 5.2 GW in early-stage solar projects across Europe, US, and China. The storage project pipeline grew to 7.8 GW, including 3.0 GW in advanced stage. Notable achievements included executing a 394 MW BESS DSA with PLT energia Srl and completing the sale of 57 MW solar projects to Trina Solar.Operating expenses decreased significantly to $3.5 million from $9.6 million year-over-year, reflecting improved operational efficiency. The company maintained a strong balance sheet with $35.8 million in cash and cash equivalents, and positive working capital of $163.0 million. Management expressed confidence in meeting working capital and capital expenditure needs for the next 12 months through cash flows and continued financial support.
Emeren Group報告2024年第三季度營業收入爲1290萬美元,低於2023年第三季度的1390萬美元,同時實現了43.8%的強勁毛利率。公司記錄的凈利潤爲480萬美元,受益於460萬美元的匯率期貨收益,因爲在該季度歐元走強。IPP部門持續強勁,營業收入爲940萬美元,毛利潤爲540萬美元。公司的項目管道大幅擴大,歐洲、美國和中國的先進階段太陽能項目達到2.5 GW,早期階段項目爲5.2 GW。儲能項目管道增長至7.8 GW,其中3.0 GW處於先進階段。顯著成就包括與PLt energia Srl簽署394 MW的BESS DSA,並完成57 MW太陽能項目出售給Trina Sola...展開全部
Emeren Group報告2024年第三季度營業收入爲1290萬美元,低於2023年第三季度的1390萬美元,同時實現了43.8%的強勁毛利率。公司記錄的凈利潤爲480萬美元,受益於460萬美元的匯率期貨收益,因爲在該季度歐元走強。IPP部門持續強勁,營業收入爲940萬美元,毛利潤爲540萬美元。公司的項目管道大幅擴大,歐洲、美國和中國的先進階段太陽能項目達到2.5 GW,早期階段項目爲5.2 GW。儲能項目管道增長至7.8 GW,其中3.0 GW處於先進階段。顯著成就包括與PLt energia Srl簽署394 MW的BESS DSA,並完成57 MW太陽能項目出售給Trina Solar。營業費用顯著下降,從去年同期的960萬美元減少至350萬美元,反映出運營效率的提高。公司保持強勁的資產負債表,現金及現金等價物爲3580萬美元,正的營運資金爲16300萬美元。管理層表示有信懇智能確保在接下來的12個月內通過現金流和持續的財務支持滿足營運資金和資本支出的需求。
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