SUNRISE NEW ENERGY CO., LTD. UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS | | As of | As of | | --- | --- | --- | | | June 30, | December 31, | | | 2025 | 2024 | | ASSETS | | | | CURRENT ASSETS | | | | Cash and cash equivalents | $ 19,921,398 | $ 1,264,463 | | Restricted cash | 7,486,988 | 8,096,121 | | Accounts receivable, net | 23,305,855 | 28,992,149 | | Notes receivable | 1,267,601 | 2,381,940 | | Inventories, net | 30,335,511 | 17,660,390 | | Due from related parties | 1,031,892 | 542,108 | | Prepai ...

Core Viewpoint - Sunrise New Energy (EPOW) has signed a significant anode material supply agreement with Xiaolu Lithium, which is expected to enhance revenue growth for the company starting in 2026 [1] Group 1: Agreement Details - Sunrise is set to supply approximately 3,000 tons of anode materials to Xiaolu Lithium [1] - The estimated total contract value of the agreement is approximately $11 million [1] Group 2: Product Applications - The anode materials are designed for high-rate discharge applications, which include use in unmanned aerial vehicles and energy storage [1] - The products are expected to deliver strong power performance for various high-performance battery use cases [1]

Core Viewpoint - Huayang New Energy (EPOW) shows a significant increase in revenue and a notable growth in net profit despite reporting a loss, indicating potential for future profitability in the electric vehicle and lithium-ion battery materials sector [1] Financial Performance - As of December 31, 2024, Huayang New Energy reported total revenue of $64.9977 million, representing a year-on-year growth of 44.28% [1] - The company recorded a net profit attributable to shareholders of -$11.7764 million, which is an improvement with a year-on-year increase of 51.4% [1] Company Overview - Huayang New Energy is headquartered in Zibo, Shandong Province, China, and is engaged in the research, manufacturing, and sales of electric vehicle and lithium-ion battery graphite anode materials through joint ventures [1] - The company is constructing a manufacturing plant in Guizhou Province, covering an area of 138,000 square meters, which utilizes low-cost electricity from renewable energy sources to significantly reduce costs and minimize environmental impact [1] - The founder and CEO, Hu Haiping, has been a key pioneer in China's graphite anode industry since 1999, and the core team consists of industry veterans with decades of experience and multiple successful entrepreneurial ventures in lithium battery anode materials [1] Strategic Initiatives - In addition to its core business, Huayang New Energy is exploring strategic alternatives for its traditional internet knowledge-sharing platform business [1]

Core Insights - Sunrise New Energy Co., Ltd. has signed an anode material supply agreement with Xiaolu Lithium, with an expected supply of approximately 3,000 tons of anode materials starting in 2026, valued at around USD 11 million [1] - The anode materials are intended for high-rate discharge applications, particularly for unmanned aerial vehicles (UAVs) and energy storage systems, indicating a new revenue growth opportunity for the company [1][3] - Xiaolu Lithium specializes in sodium-ion and lithium-ion batteries, with products used in various applications including power tools and smart home devices, and has a global export reach to over 30 countries [2] Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and focuses on manufacturing graphite anode material for lithium-ion batteries [5] - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing renewable energy sources to minimize environmental impact [5] - The management team comprises industry experts with extensive experience in the graphite anode sector, enhancing the company's competitive edge [5] Market Position and Future Outlook - The agreement with Xiaolu Lithium reflects the recognition of Sunrise's technological capabilities and product reliability in high-rate discharge applications [3] - The company aims to leverage its R&D expertise and manufacturing capabilities to capture market opportunities in high-performance battery applications and diversify its customer base [4] - As sodium-ion batteries gain traction, Sunrise anticipates increased shipment volumes through collaborations with high-quality customers [3]

Core Insights - Sunrise New Energy Co., Ltd. has signed a supply agreement with Anhui Narada Huatuo New Energy Technology Co., Ltd. to deliver 246 tons of graphite anode materials this month, with an expected total annual supply of 3,000 tons [1][3] - This agreement signifies Sunrise's entry into the telecom tower backup power market, expanding the application of its anode materials in the communication energy sector [1][3] - The demand for high-performance lithium-based backup systems is anticipated to rise due to the acceleration of 5G network deployment, presenting long-term growth potential for Sunrise [3] Company Overview - Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China, and is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries [5] - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing inexpensive electricity from renewable sources, positioning itself as a low-cost and environmentally friendly producer [5] - The management team of Sunrise comprises experts with extensive experience and a strong track record in the graphite anode industry [5] Market Position - Anhui Narada Huatuo New Energy Technology, a key business unit of Narada Power, holds a strong market position in the energy storage and backup power industry, particularly in telecom tower backup systems and large-scale energy storage stations [2] - The collaboration with Narada Power enhances the credibility of Sunrise's graphite anode materials in critical backup power applications [3] - The company plans to enhance product performance, expand production capabilities, and broaden the application of its anode materials across various sectors, facilitating market expansion both domestically and internationally [4]

Core Viewpoint - Sunrise New Energy Co., Ltd. has announced a new patent for a spherical hard carbon composite material aimed at improving low-temperature energy storage solutions, particularly for sodium-ion batteries, enhancing efficiency and reliability in energy storage systems [1][2]. Group 1: Patent and Technology - The newly published patent, titled "Spherical Hard Carbon Composite Material and Its Preparation Method," addresses challenges faced by traditional hard carbon anode materials, such as reduced efficiency and limited cycle life under low-temperature conditions [1][2]. - Innovations in the design of the spherical hard carbon composite structure optimize the carbon framework and improve conductive/ionic pathways, enhancing low-temperature conductivity and ion diffusion efficiency [2]. Group 2: Market Position and Future Plans - The technology is expected to strengthen the company's competitiveness in the global energy storage market and expand its offerings in low-temperature sodium-ion storage solutions [3]. - The company plans to advance engineering validation, performance testing, and industrialization efforts for the patented technology to accelerate the commercialization of high-performance battery materials [3]. Group 3: Company Overview - Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China, and is involved in the manufacturing and sale of graphite anode material for lithium-ion batteries [4]. - The company operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing inexpensive renewable energy sources to minimize environmental impact [4].

Core Insights - Sunrise New Energy Co., Ltd. has successfully completed a mid-term evaluation of its project focused on silicon-carbon anode materials for lithium-ion batteries, receiving $730,000 in funding to advance development [1][2]. Group 1: Project Overview - The project aims to address challenges in the lithium-ion battery industry, such as volume expansion and cycle stability, to enhance energy density in next-generation batteries [2]. - The mid-term assessment highlighted significant progress in material innovation and process engineering, earning recognition from an expert review panel [2]. Group 2: Company Positioning - The CEO of Sunrise emphasized the commitment to using the funding to expedite pilot optimization and commercial readiness of the silicon-carbon anode technology, reinforcing the company's position in the high-performance battery materials market [3]. - Sunrise operates a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing renewable energy sources to minimize costs and environmental impact [3].

DOVER, USA, Dec. 09, 2025 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW) today announced the invention patent "A Porous Carbon-Coated Graphite Composite Material for Energy Storage Batteries and Its Preparation Method" (Patent Application No.: 2025106594980) . This technology focuses on the structural and process design for next-generation anode materials in energy storage batteries. It is expected to further solidify Sunrise's technical advantages ...

Core Insights - Sunrise New Energy Co., Ltd. has announced the publication of its invention patent for a high-capacity alloy anode material for lithium-ion batteries, which is aimed at solid-state battery applications [1][4] Group 1: Patent and Technology - The patent focuses on the structural design and preparation method of next-generation high-capacity alloy anode materials, which are expected to advance high-capacity alloy anode technologies [1][4] - Alloy-based anode materials offer significantly higher theoretical capacities compared to traditional graphite anodes, enhancing energy density, but face challenges such as volume expansion and structural instability [2] - The invention aims to improve capacity and cycling performance, potentially leading to more stable interfaces with solid electrolytes in solid-state battery systems [3] Group 2: Company Overview - Sunrise New Energy is headquartered in Zibo, Shandong Province, China, and is involved in the manufacturing and sale of graphite anode material for lithium-ion batteries [5] - The company has a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing renewable energy sources to minimize environmental impact [5] - The management team consists of industry experts with extensive experience in the graphite anode sector, and the company operates a knowledge-sharing platform in China [5]

Core Insights - Sunrise New Energy Co., Ltd. has signed an annual supply agreement with Shanghai Pylon Technologies Co., Ltd. to supply 5,000 tons of high-performance anode materials, valued at USD 15.1 million [1] - This agreement marks Sunrise's entry into the European energy storage supply chain and establishes a strategic partnership with a leading global player in the industry [3] - The company aims to leverage its advanced R&D capabilities and production capacity to ensure a stable and high-quality supply to Pylontech while expanding its collaboration with global energy storage enterprises [4] Company Overview - Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China, and focuses on manufacturing and selling graphite anode material for lithium-ion batteries [5] - The company has a manufacturing facility in Guizhou Province with a production capacity of 50,000 tons, utilizing inexpensive renewable energy sources, positioning itself as a low-cost and environmentally friendly producer [5] - The management team includes industry experts with extensive experience and a strong track record in the graphite anode sector [5] Industry Context - Pylontech is recognized as a leading provider of energy storage systems, particularly in the European residential energy storage market, and has maintained a dominant position for several consecutive years [2] - The partnership with Pylontech is expected to accelerate Sunrise's expansion into international energy storage markets, generating substantial long-term growth momentum [3]