Sunrise Secures Additional $13.75 Million Low-Interest Loan from CCB, Bolstering Liquidity for Order Fulfillment
Sunrise New Energy Co., (NASDAQ: EPOW) has secured an additional $13.75 million low-interest loan from China Construction Bank (CCB), bringing the total loans received from CCB in 2024 to $27.51 million. This infusion of capital will enhance the company's liquidity, enabling faster delivery of orders from major global lithium battery manufacturers like CATL, BYD, and HiTHIUM.
CCB's rigorous loan approval process evaluates various aspects of a company, including assets, financial status, and technological achievements. Securing this loan is seen as a strong affirmation of Sunrise New Energy's capabilities. CEO Haiping Hu emphasized that this low-interest capital will allow the company to take on more orders, potentially increasing revenue and profitability without diluting shareholder equity.
Sunrise New Energy Co., (NASDAQ: EPOW) ha ottenuto un ulteriore prestito a basso interesse di 13,75 milioni di dollari dalla China Construction Bank (CCB), portando il totale dei prestiti ricevuti da CCB nel 2024 a 27,51 milioni di dollari. Questa iniezione di capitale migliorerà la liquidità dell'azienda, consentendo una consegna più rapida degli ordini da parte dei principali produttori globali di batterie al litio come CATL, BYD e HiTHIUM.
Il rigoroso processo di approvazione dei prestiti da parte di CCB valuta vari aspetti di un'azienda, inclusi beni, stato finanziario e risultati tecnologici. L'ottenimento di questo prestito è visto come una forte conferma delle capacità di Sunrise New Energy. Il CEO Haiping Hu ha sottolineato che questo capitale a basso interesse permetterà all'azienda di accettare più ordini, aumentando potenzialmente le entrate e la redditività senza diluire l'equità degli azionisti.
Sunrise New Energy Co., (NASDAQ: EPOW) ha asegurado un préstamo adicional de bajo interés de 13,75 millones de dólares del China Construction Bank (CCB), llevando el total de préstamos recibidos de CCB en 2024 a 27,51 millones de dólares. Esta inyección de capital mejorará la liquidez de la empresa, permitiendo una entrega más rápida de pedidos de importantes fabricantes globales de baterías de litio como CATL, BYD y HiTHIUM.
El riguroso proceso de aprobación de préstamos de CCB evalúa varios aspectos de una empresa, incluyendo activos, situación financiera y logros tecnológicos. Asegurar este préstamo es visto como una fuerte afirmación de las capacidades de Sunrise New Energy. El CEO Haiping Hu enfatizó que este capital a bajo interés permitirá a la empresa asumir más pedidos, aumentando potencialmente los ingresos y la rentabilidad sin diluir el capital de los accionistas.
선라이즈 뉴 에너지 주식회사(NASDAQ: EPOW)는 중국 건설은행(CCB)으로부터 1,375만 달러의 저금리 대출을 추가로 확보하여 2024년 CCB에서 받은 총 대출 금액을 2,751만 달러로 늘렸습니다. 이 자본 투입은 회사의 유동성을 높여 CATL, BYD, HiTHIUM과 같은 주요 글로벌 리튬 배터리 제조업체의 주문을 더욱 빠르게 배송할 수 있게 합니다.
CCB의 엄격한 대출 승인 프로세스는 자산, 재무 상태, 기술적 성과 등 다양한 측면을 평가합니다. 이번 대출 확보는 선라이즈 뉴 에너지의 역량에 대한 강력한 확증으로 여겨집니다. CEO 하이핑 후는 이 저금리 자본이 회사가 더 많은 주문을 수주하는 데 도움을 줄 것이며, 이는 주주 지분을 희석하지 않고도 수익성과 매출을 잠재적으로 증가시킬 수 있게 할 것이라고 강조했습니다.
Sunrise New Energy Co., (NASDAQ: EPOW) a obtenu un prêt supplémentaire à faible intérêt de 13,75 millions de dollars de la China Construction Bank (CCB), portant le total des prêts reçus de CCB en 2024 à 27,51 millions de dollars. Cette injection de capital améliorera la liquidité de l'entreprise, permettant une livraison plus rapide des commandes des principaux fabricants mondiaux de batteries au lithium tels que CATL, BYD et HiTHIUM.
Le processus rigoureux d'approbation des prêts de la CCB évalue divers aspects d'une entreprise, notamment les actifs, la situation financière et les réalisations technologiques. L'obtention de ce prêt est considérée comme une forte affirmation des capacités de Sunrise New Energy. Le PDG Haiping Hu a souligné que ce capital à faible intérêt permettra à l'entreprise de prendre davantage de commandes, augmentant potentiellement les revenus et la rentabilité sans diluer les actions des actionnaires.
Sunrise New Energy Co., (NASDAQ: EPOW) hat ein zusätzliches niedrig verzinstes Darlehen in Höhe von 13,75 Millionen Dollar von der China Construction Bank (CCB) gesichert, wodurch sich die Gesamtsumme der 2024 von CCB erhaltenen Darlehen auf 27,51 Millionen Dollar erhöht. Diese Kapitalzufuhr wird die Liquidität des Unternehmens verbessern und eine schnellere Lieferung von Bestellungen wichtiger globaler Lithium-Batteriehersteller wie CATL, BYD und HiTHIUM ermöglichen.
Das strenge Darlehensgenehmigungsprozedere von CCB bewertet verschiedene Aspekte eines Unternehmens, einschließlich Vermögenswerte, finanzielle Situation und technologische Errungenschaften. Die Sicherung dieses Darlehens wird als starke Bestätigung der Fähigkeiten von Sunrise New Energy angesehen. CEO Haiping Hu betonte, dass dieses niedrig verzinste Kapital dem Unternehmen ermöglichen wird, mehr Aufträge zu übernehmen, was potenziell den Umsatz und die Rentabilität steigern kann, ohne die Eigenkapitalanteile der Aktionäre zu verwässern.
- Secured additional $13.75 million low-interest loan from China Construction Bank
- Total loans received from CCB in 2024 amount to $27.51 million
- Improved liquidity for faster order fulfillment from major lithium battery manufacturers
- Loan approval indicates strong company reputation and capabilities
- Potential for increased revenue and profitability without shareholder dilution
- None.
Insights
The $13.75 million low-interest loan secured by Sunrise New Energy from China Construction Bank (CCB) significantly enhances the company's liquidity. This financial boost will allow Sunrise to expedite the fulfillment of orders from major clients like CATL, BYD and HiTHIUM. From a financial perspective, securing such a loan indicates that CCB has confidence in Sunrise's financial health and business prospects. For investors, this injection of capital without shareholder dilution is advantageous, suggesting stronger revenue streams and potential profitability. Additionally, the favorable loan terms from one of China's largest banks could lead to lower financial costs, thus enhancing net income margins.
This additional funding positions Sunrise New Energy favorably within the highly competitive lithium battery market. The loan will enable the company to meet the increasing demands from leading manufacturers such as CATL and BYD more efficiently. For retail investors, this could signal an enhanced market position, leading to increased order volumes and potentially higher market share. Moreover, such strategic financial support from a major banking institution like CCB reinforces Sunrise’s market credibility and operational stability, which can be pivotal in attracting further business and investments.
The news of Sunrise New Energy securing additional funding is particularly noteworthy from a technology perspective. The company’s ability to attract a low-interest loan from CCB suggests that its technological achievements, including patents and innovations in lithium battery technology, are held in high regard. This financial support can be channeled into further technological development and scaling production capabilities, which is important in the rapidly evolving energy sector. For investors, this means that Sunrise is well-equipped to maintain and possibly enhance its technological edge, ensuring sustained competitive advantage.
ZIBO, China, July 22, 2024 (GLOBE NEWSWIRE) -- Sunrise New Energy Co., Ltd. (“Sunrise New Energy”, the “Company”, “we” or “our”) (NASDAQ: EPOW), today announced that it has successfully secured an additional
China Construction Bank, one of the largest banks in China, has a rigorous loan approval process that evaluates a company’s assets, financial status, technological achievements, talent team, patents, and market recognition. Securing this substantial low-interest loan from CCB is a strong affirmation of Sunrise New Energy’s capabilities.
"This bank loan underscores our strong reputation and provides us with significant low-interest capital without diluting shareholder equity. This enables us to take on more orders, thereby increasing our revenue and profitability." remarked by Mr. Haiping Hu, CEO of Sunrise New Energy.
About Sunrise New Energy Co., Ltd
Headquartered in Zibo, Shandong Province, China, Sunrise New Energy Co., Ltd., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company's joint venture has completed the construction of a manufacturing facility with a production capacity of 50,000 tons in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make Sunrise New Energy a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com. The Company maintains a Twitter account (@sunrisenewener1) to keep investors up to date on the latest development of the Company.
Forward-looking statement
Certain statements in this press release regarding the Company's future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to "may", "will", "want", "should", "believe", "expect", "expect", "estimate", "estimate" or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company's strategic objectives, the company's future plans, market demand and user acceptance of the company's products or services, technological updates, economic trends, the company's reputation and brand, the impact of industry competition and bidding, relevant policies and regulations, the ups and downs of China's macroeconomic conditions, the relevant international market conditions, and other related risks and assumptions disclosed in the Company’s Annual Report on Form 20-F published on the SEC’s website. In view of the above and other related reasons, we urge investors to visit the SEC’s website and consider other factors that may affect the Company's future operating results. The Company is under no obligation to make public amendments to changes in these forward-looking statements unless required by law.
For more information, please contact:
The Company:
IR Department
Email: IR@sunrisenewenergy.com
Phone: +86 4009919228
FAQ
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