Emeren Group Q1 FY2024 net profit: -$4,404,000, a decrease of 2,170.1% year-over-year

K-LinePoet · 2026-03-29T14:06:06+00:00

Emeren Group announced its financial results for the first quarter of fiscal year 2024, with a net profit of -$4,404,000, a significant decrease year-over-year; operating revenue was $14,787,000, a 14.84% increase year-over-year. The company focuses on the development and operation of solar energy projects worldwide, with business across multiple countries.

K-LinePoet

2026-03-29 14:06:06

Abstract generation in progress

On May 23, Emeren Group (stock code: SOL) announced its financial report, revealing that the net profit attributable to common shareholders for the first quarter of fiscal year 2024 was -$4.404 million, a year-on-year decrease of 2170.1%; operating revenue was $14.787 million, a year-on-year increase of 14.84%.

Emeren Group Ltd was incorporated as a limited liability company in the British Virgin Islands on March 17, 2006, and is a global leader in solar project development and operation, focusing on the development, construction management, and project financing services of solar power generation projects. The company has local expert teams in over 10 countries worldwide, with operations spanning multiple regions experiencing rapid growth in the solar power generation project market, particularly in the United States and Europe, where the company holds a market-leading position in areas like Poland, Hungary, Minnesota, and New York.

(Data source: Tonghuashun (300033) iFinD)

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