SOL · As filed with the SEC
Emeren Group income statement, by fiscal year
The statement as Emeren Group presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF OPERATIONS · USD, except per-share amounts
| USD, except per-share amounts | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 |
|---|---|---|---|---|---|---|
| Statement | ||||||
| Net revenues: | ||||||
| Solar power projects | — | — | — | 61,036,228 | 49,160,215 | 90,096,551 |
| Electricity generation | — | — | — | 17,969,727 | 23,547,162 | 28,712,942 |
| EPC services | — | — | — | 0 | 0 | 69,751 |
| Other | — | — | — | 655,837 | 795,506 | 237,780 |
| Total net revenues | 92,067,000 | 105,642,000 | 61,290,816 | 79,661,792 | 73,502,883 | 119,117,024 |
| Solar power project development | 25,874,000 | 25,152,000 | 13,753,389 | — | 49,160,215 | — |
| Electricity generation | 28,903,000 | 29,405,000 | 21,654,175 | — | 23,547,162 | — |
| EPC services | 17,332,000 | 43,902,000 | 24,760,309 | — | 0 | — |
| DSA | 18,959,000 | — | — | — | — | — |
| Others | 999,000 | 7,183,000 | 1,122,943 | — | 795,506 | — |
| Cost of revenues | (67,945,000) | (80,629,000) | (45,954,951) | (48,236,951) | (56,817,101) | (84,890,976) |
| Gross profit | 24,122,000 | 25,013,000 | 15,335,865 | 31,424,841 | 16,685,782 | 34,226,048 |
| Operating expenses: | ||||||
| Sales and marketing | (183,000) | (398,000) | (421,079) | (304,933) | (433,121) | (750,461) |
| General and administrative | (23,131,000) | (25,961,000) | (17,202,061) | (16,998,675) | (14,512,631) | (15,757,147) |
| Other operating expenses, net | (1,312,000) | (5,624,000) | (345,562) | (1,108,681) | 6,472,463 | (11,802,629) |
| Impairment loss of assets | 0 | (1,691,000) | 0 | (360,151) | (1,432,296) | (6,880,115) |
| Total operating expenses | (24,626,000) | (33,674,000) | (17,968,702) | (18,772,440) | (9,905,585) | (35,190,352) |
| Loss from operations | (504,000) | (8,661,000) | (2,632,837) | 12,652,401 | 6,780,197 | (964,304) |
| Other (expenses) income: | ||||||
| Interest income | 1,429,000 | 1,794,000 | 657,390 | 1,654,614 | 975,719 | 822,915 |
| Interest expense | — | (2,205,000) | (3,166,901) | (5,153,794) | (6,206,076) | (9,159,818) |
| Interest expense | (1,988,000) | — | — | — | — | — |
| Investment (loss) gain | (4,000) | 278,000 | 897,955 | — | 0 | — |
| Unrealized foreign exchange (loss) gain | (8,522,000) | 5,892,000 | 1,613,443 | (1,764,349) | 769,183 | (1,273,899) |
| Total other (expense) income, net | (9,085,000) | 5,759,000 | 1,887 | (5,263,529) | (4,461,174) | (9,610,802) |
| Loss before income tax | (9,589,000) | (2,902,000) | (2,630,950) | 7,388,872 | 2,319,023 | (10,575,106) |
| Income tax expense | (2,021,000) | (2,529,000) | (1,917,206) | (774,412) | (163,036) | (1,105,049) |
| Net loss | (11,610,000) | (5,431,000) | (4,548,156) | 6,614,460 | 2,155,987 | (11,680,155) |
| Less: Net income (loss) attributed to non-controlling interests | 867,000 | (2,245,000) | 123,545 | (247,413) | (622,668) | (2,848,932) |
| Net loss attributed to Emeren Group Ltd | — | (3,186,000) | (4,671,701) | 6,861,873 | 2,778,655 | (8,831,223) |
| Basic | — | (0.06) | (0.07) | 0.10 | 0.06 | (0.22) |
| Diluted | — | (0.06) | (0.07) | 0.10 | 0.06 | (0.22) |
| Net loss attributed to Emeren Group Ltd | (12,477,000) | — | — | — | — | — |
| Loss attributed to Emeren Group Ltd per ADS* | ||||||
| Basic | (0.24) | (0.06) | — | — | — | — |
| Diluted | (0.24) | (0.06) | — | — | — | — |
| Weighted average number of ADS* used in computing loss per ADS* | ||||||
| Basic | 51,845,257 | 56,526,716 | 64,924,455 | 68,906,139 | 49,166,354 | 40,595,551 |
| Diluted | 51,845,257 | 56,526,716 | 64,924,455 | 69,840,638 | 49,788,422 | 40,595,551 |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.