CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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| Net revenues: | |||||||
| Total net revenues | $ 61,290,816 | $ 79,661,792 | $ 73,502,883 | ||||
| Cost of revenues | (45,954,951) | (48,236,951) | (56,817,101) | ||||
| Gross profit | 15,335,865 | 31,424,841 | 16,685,782 | ||||
| Operating (expenses)/income: | |||||||
| Sales and marketing | (421,079) | (304,933) | (433,121) | ||||
| General and administrative | (17,202,061) | (16,998,675) | (14,512,631) | ||||
| Other operating income (expenses), net | (345,562) | (1,108,681) | 6,472,463 | ||||
| Impairment loss of assets | 0 | (360,151) | (1,432,296) | ||||
| Total operating expenses | (17,968,702) | (18,772,440) | (9,905,585) | ||||
| Income/(loss) from operations | (2,632,837) | 12,652,401 | 6,780,197 | ||||
| Other (expenses)/income: | |||||||
| Interest income | 657,390 | 1,654,614 | 975,719 | ||||
| Interest expense | (3,166,901) | (5,153,794) | (6,206,076) | ||||
| Investment gain | 897,955 | 0 | 0 | ||||
| Foreign exchange gains (losses) | 1,613,443 | (1,764,349) | 769,183 | ||||
| Total other (expense) income, net | 1,887 | (5,263,529) | (4,461,174) | ||||
| Income/(loss) before income tax | (2,630,950) | 7,388,872 | 2,319,023 | ||||
| Income tax expense | (1,917,206) | (774,412) | (163,036) | ||||
| Income/(loss), net of tax | (4,548,156) | 6,614,460 | 2,155,987 | ||||
| Less: Net income (loss) attributed to non-controlling interests | 123,545 | (247,413) | (622,668) | ||||
| Net income/(loss) attributed to Emeren Group Ltd | $ (4,671,701) | $ 6,861,873 | $ 2,778,655 | ||||
| Income/(loss) attributed to Emeren Group Ltd per ADS | |||||||
| Basic | $ (0.07) | $ 0.10 | $ 0.06 | ||||
| Diluted | $ (0.07) | $ 0.10 | $ 0.06 | ||||
| Weighted average number of ADS used in computing income/(loss) per ADS | |||||||
| Basic | [1],[2] | 64,924,455 | 68,906,139 | 49,166,354 | |||
| Diluted | [1],[2] | 64,924,455 | 69,840,638 | 49,788,422 | |||
| Solar power projects | |||||||
| Net revenues: | |||||||
| Total net revenues | $ 13,753,389 | $ 61,036,228 | $ 49,160,215 | ||||
| Electricity generation | |||||||
| Net revenues: | |||||||
| Total net revenues | 21,654,175 | 17,969,727 | 23,547,162 | ||||
| EPC services | |||||||
| Net revenues: | |||||||
| Total net revenues | 24,760,309 | 0 | 0 | ||||
| Other | |||||||
| Net revenues: | |||||||
| Total net revenues | $ 1,122,943 | $ 655,837 | $ 795,506 | ||||
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