Emeren Group Q1 FY2024 net profit -4.404 million USD, a decrease of 2170.1% year-over-year

K-LinePoet · 2026-03-06T09:31:08+00:00

Emeren Group announces its Q1 FY2024 financial report, with a net profit of -$4.404 million, a significant decrease year-over-year; operating revenue is $14.787 million, up 14.84% year-over-year. The company focuses on global solar project development and operation, with business spanning multiple countries.

K-LinePoet

2026-03-06 09:31:08

Abstract generation in progress

On May 23, Emeren Group (Stock Code: SOL) announced its financial report, showing that the net profit attributable to ordinary shareholders for the first quarter of fiscal year 2024 was -$4.404 million, a year-over-year decrease of 2,170.1%. Operating revenue was $14.787 million, a year-over-year increase of 14.84%.

Emeren Group Ltd was incorporated on March 17, 2006, in the British Virgin Islands as a limited liability company. It is a leading global solar project developer and operator, focusing on solar power project development, construction management, and project financing services. The company has local professional teams in more than 10 countries worldwide, with business covering regions where the solar power market is rapidly growing, especially in the United States and Europe. The company holds a leading market position in multiple regions, including Poland, Hungary, Minnesota, and New York.

(Source: Tonghuashun (300033) iFinD)

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