Sunrise New Energy, a Leading EV Battery Material Manufacturer, Announced 18.16% Revenue Growth for the Year of 2023

May 23, 2024

https://www.globenewswire.com/news-release/2024/05/23/2887351/0/en/Sunrise-New-Energy-a-Leading-EV-Battery-Material-Manufacturer-Announced-18-16-Revenue-Growth-for-the-Year-of-2023.html

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 $38.1 million for the year ended December 31, 2022, to $45.1 million for the year ended December 31, 2023. Revenues from graphite anode material sales business accounted for 98.52% and 98.57% of net revenues for the years ended December 31, 2023 and 2022, respectively. The Company had supplied products to 23 customers for 12,513 tons for the year ended December 31, 2023, as compared to 16 customers for 6,225 tons for year ended December 31, 2022.

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