Solar(US:CSIQ) 智通财经网·2025-03-25 12:57Core Insights - The company reported a 11% year-over-year decline in Q4 revenue, totaling $1.5 billion, while achieving a net profit of $34 million compared to a net loss of $1 million in the same period last year [1] - The gross profit for Q4 was $217 million, reflecting a 2% increase, with a gross margin of 14.3%, up from 12.5% year-over-year [1] - Total shipment of solar modules in Q4 reached 8.2 GW, marking a 1% increase year-over-year [1] Financial Performance - Q4 net revenue was $1.5 billion, down 11% year-over-year [1] - Net profit for Q4 was $34 million, compared to a net loss of $1 million in the previous year [1] - Diluted earnings per share were $0.48, up from a loss of $0.02 per share in the same quarter last year [1] - Gross profit for Q4 was $217 million, with a gross margin of 14.3% [1] Product Performance - The e-STORAGE segment achieved a record quarterly shipment of 2.2 GWh in Q4, with a total pipeline expansion to 79 GWh, including $3.2 billion in signed orders [1] - Total solar module shipments for the year reached 31.1 GW, while energy storage shipments were 6.6 GWh, representing over 500% year-over-year growth [1] - Recurrent Energy's 1.3 GWp solar project commenced commercial operations, setting a historical scale [1] Future Outlook - The company projects Q1 2025 total revenue between $1 billion and $1.2 billion, with a gross margin of 9% to 11% [2] - Expected total shipment of solar modules for Q1 2025 is between 6.4 GW and 6.7 GW, including approximately 400 MW from company-owned projects [2] - For the full year 2025, the company reaffirms total solar module shipments between 30 GW and 35 GW, with energy storage shipments expected to be between 11 GWh and 13 GWh [2]