Revenues grew to $45.1 million in the year 2023, an increase of 18.16%Patent number grew to 27 in the year 2023, an increase of 145.45%Company expects revenues of $62.5 million for the year 2024, an increase of 38.58%Company expects to shrink its net loss attributable to the ordinary shareholders in 2024 ZIBO, China, May 23, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise”, the “Company”, “we” or “our”) (NASDAQ: EPOW), announced that its net revenues increased by $7 million, or 18.16%, from ...

Revenues grew to $45.1 million in the year 2023, an increase of 18.16%Patent number grew to 27 in the year 2023, an increase of 145.45%Company expects revenues of $62.5 million for the year 2024, an increase of 38.58%Company expects to shrink its net loss attributable to the ordinary shareholders in 2024 ZIBO, China, May 23, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), announced that its net revenues increased by $7 million, or 18.16%, from $ ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ...

ZIBO, China, April 17, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that the front page of Guizhou Daily prominently featured a special report on Sunrise, titled " Intellectual Property Drives Substantial Enterprise Value – The Journey of a New Energy Enterprise." Guizhou Daily, the most influential comprehensive media outlet in the province, highlighted Sunrise's advanced research and substantial economic value. The article h ...

ZIBO, China, April 16, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that Guizhou Province Governor Li Bingjun, accompanied by a delegation of government officials, conducted an official visit to the Sunrise's plant on April 11, symbolizing the Company's pivotal role within the industry. During the visit, Mr. Haiping Hu, Chairman of Sunrise, presented an overview of the Company's production, technological advancements, energy c ...

ZIBO, China, April 10, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW),  today reiterated that its headquarter address in China remains consistent with the address provided in the FORM 6-K released in July 2022 (sec.gov/Archives/edgar/data/1780731/000121390022039402/ea162873-6k_globalinternet.htm), which is Room 703, West Zone, R&D Building, Zibo Science and Technology Industrial Entrepreneurship Park, No. 69 Sanying Road, Zhangdian District, Zib ...

ZIBO, China, March 20, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that its CEO, Mr. Haiping Hu, has purchased 309,928 shares of the Company's stock since January 2024 to increased his holding of the Company's stock to 8,140,461 shares. With a strong belief in the company's long-term potential, Mr. Hu announced plans to further increase his holdings over the next six months. Mr. Hu firmly believes in the long-term prospects o ...

ZIBO, China, March 19, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), today announced that it has received a letter (the "Notification Letter") from the Nasdaq Stock Market LLC ("Nasdaq") on March 14, 2024, notifying the Company that it no longer meets the minimum bid price requirement set forth in the Nasdaq Listing Rules. The Notification Letter has no immediate impact on the listing or trading of the Company's shares on Nasdaq. The Notificat ...

ZIBO, China, March 08, 2024 (GLOBE NEWSWIRE) --  Sunrise New Energy Co., Ltd. ("Sunrise", the "Company", "we" or "our") (NASDAQ:EPOW), today announced securing a significant financing of $14 million USD from China Everbright Bank. This low-interest loan effectively bolsters the Company's liquidity, ensuring seamless production and delivery of client orders. Among the esteemed clientele are globally renowned lithium battery manufacturers such as Contemporary Amperex Technology Co. Limited (CATL), BYD and HiT ...

Company Overview - Sunrise New Energy Co., Ltd. is headquartered in Zibo, Shandong Province, China, and specializes in manufacturing and selling graphite anode material for lithium-ion batteries [4] - The company is constructing a manufacturing plant of 260,543 square meters in Guizhou Province, utilizing inexpensive electricity from renewable sources, positioning itself as a low-cost and environmentally friendly producer [4] - The founder and CEO, Mr. Haiping Hu, has been a pioneer in the graphite anode industry in China since 1999, supported by a management team with extensive experience [4] Industry Context - The global energy storage cell shipments reached 196.7 GWh in 2023, with HiTHIUM accounting for over 15 GWh, indicating a growing market for energy storage solutions [2] - HiTHIUM specializes in lithium-ion energy storage, offering a comprehensive portfolio that includes core materials, research, development, production, and sales of lithium iron phosphate energy storage batteries and systems [2] Strategic Developments - Sunrise has announced a significant order of 25,000 tons of energy storage materials from HiTHIUM, marking its entry into the energy storage battery materials market [1][3] - This collaboration is seen as a strategic milestone for Sunrise, as it aims to deliver innovative solutions that meet the evolving needs of global customers and contribute to sustainability [3] - The initial order from HiTHIUM reflects confidence in Sunrise's products and is expected to lead to a series of subsequent orders, with two clients already in mass production and nine undergoing trials [3]