CSI Solar(SH:688472)2025-02-27 09:15Financial Performance - Total revenue for 2024 was RMB 46.16 billion, a decrease of 10.03% compared to the previous year[3] - Net profit attributable to shareholders was RMB 2.29 billion, down 21.09% year-on-year[3] - The company's net profit after deducting non-recurring gains and losses was RMB 2.27 billion, a decline of 21.88% from the previous year[3] - The company's basic earnings per share decreased by 25.88% to RMB 0.63[3] Assets and Equity - Total assets at the end of 2024 reached RMB 65.82 billion, a slight increase of 0.07% from the beginning of the year[4] - Shareholders' equity attributable to the parent company grew by 7.12% to RMB 22.94 billion[4] Business Growth and Outlook - The overseas large-scale energy storage business saw a significant growth, with shipments reaching 6.5 GWh, an increase of 505.28% year-on-year[7] - The company expects energy storage shipments to further increase to 11-13 GWh in 2025, continuing its rapid growth[7] Challenges and Strategies - The decline in revenue and profit was primarily due to the significant drop in photovoltaic module prices and geopolitical trade impacts[6] - The company maintained operational stability and financial health by prioritizing profit over shipment volume and reducing costs[7]