Artes Solar (CSIQ.US) Q1 revenue fell 22% year on year, solar module shipments increased 4% year on year

Artes Solar (CSIQ.US) announced results for the first quarter of 2024. According to financial reports, the company's Q1 net revenue was 1.3 billion US dollars, down 22% year on year, 40 million US dollars higher than market expectations; net profit attributable to the company was 12 million US dollars, 84 million US dollars in the same period last year; diluted earnings per share were 0.19 US dollars, which was 0.21 US dollars higher than market expectations, and 1.19 US dollars for the same period last year.

Zhitong FinanceMay 9 08:38 ET

Artes (688472.SH): CSIQ expects total revenue of 1.5 billion to 1.7 billion US dollars in the second quarter

Glonghui May 9 | Artes (688472.SH) announced, CanadianSolarInc. , (Artes Group, stock code: CSIQ, “CSIQ” for short) is the controlling shareholder of the company and is a company listed on the NASDAQ stock exchange in the US. CSIQ's estimated total revenue for the second quarter of 2024 is between 1.5 billion and 1.7 billion US dollars (equivalent to about RMB 10.65 billion to RMB 12.07 billion), gross margin is expected to be between 16% and 18%, and total revenue for the whole year is expected to be between US$7.3 billion and US$8.3 billion (equivalent to about RMB 51.83 billion)

Gelonghui FinanceMay 9 06:58 ET

Artes (688472.SH): cumulative repurchase of 0.14% of the company's shares

Glonghui, May 6 | Artes (688472.SH) announced that as of April 30, 2024, the company had repurchased 5,312,395 shares of the company through centralized bidding transactions, accounting for 0.14% of the company's total share capital. The highest repurchase transaction price was 12.00 yuan/share, the lowest price was 11.37 yuan/share, and the total amount of capital paid was RMB 62,277,138.72 (excluding transaction fees such as stamp duty and transaction fees).

Gelonghui FinanceMay 6 06:27 ET

Guojin Securities: Domestic commercial and commercial reserves performed well in 24Q1, and US reserves exceeded expectations in March

Important documents from the Energy Administration indicate the direction for increasing the domestic utilization rate of large storage, and the profit model for domestic large storage is expected to improve; in March, the US large storage capacity exceeded expectations to verify that US demand is high.

Zhitong FinanceMay 5 23:28 ET

Time To Worry? Analysts Just Downgraded Their CSI Solar Co., Ltd. (SHSE:688472) Outlook

Today is shaping up negative for CSI Solar Co., Ltd. (SHSE:688472) shareholders, with the analysts delivering a substantial negative revision to this year's forecasts. There was a fairly draconian c

Simply Wall StApr 30 19:51 ET

Guojin Securities: Silicon prices are speeding up to catch up with overseas demand and maintaining a high boom

Guojin Securities released a research report saying that after silicon prices have rapidly bottomed out recently, it is expected that the release of terminal wait-and-see demand and the weakening price game in the industrial chain will jointly drive an increase in component-side production schedules in May and beyond.

Zhitong FinanceApr 25 01:59 ET