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Sunrise New Energy Co., Ltd.

EPOW

Sunrise New Energy Co., Ltd. • NASDAQ
$1.18 ▲ 0.00% (+0.00)
Market Cap $31.75 M
52w High $1.86
52w Low $0.73
Dividend Yield 0%
P/E -2.46
Volume 46.12K
Outstanding Shares 26.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $42.715M ▲ $5.377M ▼ $-7.325M ▼ -17.149% ▲ $-0.28 ▼ $-7.834M ▼
Q2-2024 $22.283M ▼ $5.422M ▼ $-4.451M ▲ -19.977% ▲ $-0.25 ▲ $-2.411M ▲
Q4-2023 $24.342M ▲ $12.079M ▲ $-19.523M ▼ -80.205% ▼ $-0.86 ▼ $-22.683M ▼
Q2-2023 $20.708M ▼ $6.047M ▼ $-4.709M ▲ -22.74% ▲ $-0.19 ▲ $-3.912M ▲
Q4-2022 $27.861M $8.639M $-15.118M -54.263% $-0.61 $-14.367M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $1.264M ▼ $143.023M ▲ $115.728M ▲ $-10.264M ▼
Q2-2024 $15.235M ▲ $141.564M ▲ $102.614M ▲ $-2.754M ▼
Q4-2023 $3.621M ▼ $120.505M ▼ $75.173M ▲ $2.645M ▼
Q2-2023 $9.988M ▲ $121.463M ▲ $54.876M ▲ $23.204M ▼
Q4-2022 $7.63M $107.022M $33.661M $28.68M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $-7.325M ▼ $-11.944M ▼ $-1.479M ▼ $6.171M ▼ $-7.257M ▼ $-13.425M ▼
Q2-2024 $-4.451M ▲ $-5.639M ▼ $2.046M ▲ $16.757M ▲ $12.997M ▲ $-7.933M ▼
Q4-2023 $-19.523M ▼ $-2.996M ▼ $-3.027M ▲ $2.721M ▼ $-3.085M ▼ $-6.176M ▼
Q2-2023 $-4.709M ▲ $-1.112M ▲ $-3.828M ▲ $7.634M ▼ $2.411M ▲ $-4.402M ▲
Q4-2022 $-15.118M $-9.983M $-19.251M $11.932M $-17.757M $-28.823M

Five-Year Company Overview

Income Statement

Income Statement Revenue is still very small but has been slowly climbing over the last few years, which suggests the commercial side of the business is gradually gaining traction. However, the company has not been able to translate this into consistent profits. Gross margins have been weak or negative, and operating results have remained in loss-making territory each year since listing, after an earlier period of modest profitability. Losses have recently narrowed somewhat, but the income statement still reflects a company in investment and scale‑up mode, rather than a mature, profit-generating business. Overall, the top line is inching forward while the bottom line remains under pressure.

Balance Sheet

Balance Sheet The balance sheet looks thin and fragile. The company has a modest asset base and very limited reported cash, which reduces its financial cushion. Debt has risen from almost nothing to a noticeable share of the capital structure, while shareholder equity has slipped from positive to slightly negative, indicating accumulated losses have eroded the capital base. This combination – low cash, rising debt, and negative equity – points to a balance sheet that offers limited room for error and may make the business more sensitive to funding conditions and operating setbacks.

Cash Flow

Cash Flow Cash generation has not yet caught up with the company’s growth ambitions. Operating cash flow has been consistently negative in recent years, meaning the core business is still consuming cash rather than providing it. Free cash flow has also been negative, particularly in years when investment spending picked up, reflecting ongoing build‑out of facilities and capabilities. This pattern is typical of an early‑stage or scaling industrial business, but it also means the company likely relies on external financing or new capital to fund operations and expansion until its projects begin to generate stronger, more stable cash inflows.

Competitive Edge

Competitive Edge Strategically, the company is trying to carve out a niche in advanced battery anode materials, moving well beyond its legacy consulting and knowledge‑sharing roots. It is positioning itself on three fronts: low-cost manufacturing through vertical integration and cheap renewable power, specialized know‑how in graphite and next‑generation anodes, and a growing set of customer relationships in the battery and energy storage ecosystem. The production base and new capacity projects, along with at least one sizable supply contract, show that it is more than just a research story. At the same time, it is still a small player in a global industry dominated by much larger, better-capitalized competitors, so customer concentration, pricing pressure, and execution risk remain important considerations for its competitive standing.

Innovation and R&D

Innovation and R&D Innovation is the clear bright spot. The company has built an extensive patent portfolio that spans improved graphite anodes, silicon‑carbon anodes for solid‑state batteries, sodium‑ion battery materials, and AI‑enhanced manufacturing and safety systems. This indicates a deliberate push to differentiate on technology and process efficiency, not just cost. Collaborations on advanced production equipment and recognition in innovation contests add credibility to its R&D efforts. However, much of this value still lies in the future: success depends on scaling production of these new materials, proving consistent quality at industrial volumes, and securing long-term customer adoption in fast-evolving battery markets.

Summary

Overall, Sunrise New Energy looks like a classic high‑tech industrial scale‑up: financially weak today but heavily invested in technologies and capacity that target large, growing markets. The financial statements show persistent losses, negative cash flow, rising leverage, and a very thin equity base, all of which increase business and funding risk. In contrast, the strategic narrative and R&D profile are ambitious, with patents, vertical integration, and expansion projects aimed at making the company a meaningful supplier of advanced anode materials for electric vehicles and energy storage. The key tension is between the strength of the technology story and the fragility of the current financial footing. How effectively and how quickly the company can turn its innovations and contracts into steady profits and positive cash flow will largely determine its trajectory from here.

NEWS

October 21, 2025 · 9:25 AM UTC

Sunrise Granted Patent for AI-Enabled Anti-Eruption System for Anode Material Graphitization Furnace, a Globally Leading Safety Control Innovation

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October 9, 2025 · 3:30 PM UTC

Sunrise Achieves Key Process Breakthrough in Solid-State Battery Anode Material Technology

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October 7, 2025 · 11:30 AM UTC

Sunrise Granted Patent for Energy Storage Lithium-Ion Battery Anode Material, Reinforcing Global Leadership in Advanced Energy Storage Materials

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October 6, 2025 · 9:50 AM UTC

Sunrise Granted Patent for Mesophase Carbon Microsphere–Silicon Carbon Composite Anode Material, Strengthening Leadership in Solid-State Battery Anode Technologies

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October 6, 2025 · 9:25 AM UTC

Sunrise Granted USD 600,000 in National-Level Science and Technology Funding, Recognizing the Company's Leadership in Solid-State Battery Anode Materials

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