GUELPH, ON, Jan. 8, 2024 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that Recurrent Energy, a global developer and owner of solar and energy assets, completed the sale of its 100 MW/200 MWh Mannum energy storage project in South Australia to Epic Energy. Mannum energy storage is the third project that Recurrent Energy has sold to Epic Energy, a South Australian-based energy infrastructure owner and operator. Epic Energy currently owns the 7 MW Mannu ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q3 2023 Earnings Conference Call November 14, 2023 8:00 AM ET Company Participants Isabel Zhang - Director, Investor Relations Shawn Qu - President, Chairman and Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - Corporate Vice President and President, Energy Business Huifeng Chang - Senior Vice President and Chief Financial Officer Thomas Koerner - Senior Vice President, Modules and Systems Business Kah Locke - Vice President, Corporate Controller ...

Exhibit 99.1 Canadian Solar Reports Third Quarter 2023 Results Guelph, Ontario, November 14, 2023 – Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the third quarter ended September 30, 2023. Third Quarter Highlights · 39% increase in solar module shipments year-over-year ("yoy") to 8.3 GW. · Net revenues of $1.85 billion, with a 16.7% gross margin, and net income attributable to Canadian Solar of $0.32 per diluted share. · $2.6 billion e-STORAGE ...

Revenue and Profit - Operating revenue for the current reporting period was RMB 13.01 billion, a decrease of 4.32% compared to the same period last year[3] - Net profit attributable to shareholders for the current reporting period was RMB 917.28 million, an increase of 14.57% year-over-year[3] - Total operating revenue for the first three quarters of 2023 reached 39,118,820,264.21 RMB, a significant increase from 33,420,463,156.10 RMB in the same period of 2022[9] - Operating profit increased to 3,153,130,301.43 from 1,482,974,567.28, a 113% rise[11] - Net profit attributable to shareholders rose to 2,840,152,349.58 from 1,256,575,265.35, a 126% increase[11] - Basic earnings per share increased to 0.87 from 0.41, a 112% rise[12] - Total comprehensive income attributable to owners of the Company grew to 2,756,891,755.76 from 1,167,816,115.14, a 136% increase[12] R&D and Technology - Total R&D expenditure for the current reporting period was RMB 206.86 million, a significant increase of 70.89% compared to the same period last year[3] - The company continues to increase its R&D expenditure in advanced technologies such as N-type solar cells, with total R&D expenditure from the beginning of the year to the end of the current reporting period reaching RMB 485.53 million, a 51.18% increase year-over-year[5] - R&D expenses grew to 485,533,805.63 from 321,152,569.52, marking a 51% increase[11] Cash Flow and Financial Activities - Net cash flow from operating activities from the beginning of the year to the end of the current reporting period was RMB 5.60 billion, an increase of 138.40% year-over-year[5] - Cash received from sale of goods and provision of services increased to RMB 44.68 billion in the first three quarters of 2023, up from RMB 35.67 billion in the same period of 2022[13] - Net cash flow from operating activities rose to RMB 5.60 billion in the first three quarters of 2023, compared to RMB 2.35 billion in the same period of 2022[13] - Cash paid for purchase of goods and services rendered increased to RMB 32.65 billion in the first three quarters of 2023, up from RMB 26.05 billion in the same period of 2022[13] - Cash paid to and on behalf of employees increased to RMB 2.72 billion in the first three quarters of 2023, compared to RMB 1.65 billion in the same period of 2022[13] - Net cash flow from investing activities was negative RMB 6.52 billion in the first three quarters of 2023, compared to negative RMB 2.42 billion in the same period of 2022[14] - Cash received from investments in financing activities was RMB 6.74 billion in the first three quarters of 2023, compared to RMB 8.00 million in the same period of 2022[14] - Net cash flow from financing activities increased to RMB 6.93 billion in the first three quarters of 2023, up from RMB 1.84 billion in the same period of 2022[14] - Ending balance of cash and cash equivalents reached RMB 11.19 billion at the end of September 2023, compared to RMB 5.65 billion at the end of September 2022[14] Assets and Liabilities - Total assets at the end of the current reporting period were RMB 64.89 billion, an increase of 34.36% compared to the end of the previous year[5] - Equity attributable to shareholders at the end of the current reporting period was RMB 21.07 billion, an increase of 80.68% compared to the end of the previous year[5] - Long-term equity investments increased to 333,426,364.17 from 294,887,485.16, reflecting a growth of approximately 13.1%[7] - Fixed assets rose to 12,205,653,810.26 from 10,030,221,657.13, showing an increase of around 21.7%[7] - Construction in progress surged to 5,436,850,300.68 from 2,502,572,785.43, indicating a significant growth of approximately 117.2%[7] - Right-of-use assets expanded to 1,147,663,194.11 from 185,032,747.17, marking a substantial increase of about 520.3%[7] - Intangible assets grew to 828,117,638.40 from 573,762,167.74, reflecting an increase of approximately 44.3%[7] - Deferred tax assets increased to 1,454,821,036.99 from 1,146,907,216.36, showing a growth of around 26.8%[7] - Total non-current assets rose to 23,210,185,681.63 from 15,612,373,200.75, indicating an increase of approximately 48.7%[7] - Total assets expanded to 64,893,878,075.63 from 48,300,197,484.63, reflecting a growth of around 34.4%[7] - Short-term loans increased to 6,225,411,011.37 from 5,273,353,015.35, showing a rise of approximately 18.1%[7] - Accounts payable grew to 7,610,387,075.19 from 5,990,457,379.84, indicating an increase of around 27.0%[7] - Total liabilities increased to 43,746,342,650.67 RMB from 36,563,178,692.19 RMB[8] - Total equity attributable to the company rose to 21,072,787,642.93 RMB from 11,663,131,570.25 RMB[8] - Deferred income decreased slightly to 1,130,174,914.91 RMB from 1,155,746,611.76 RMB[8] - Paid-in capital increased to 3,688,217,324.00 RMB from 3,066,000,000.00 RMB[8] - Undistributed profits grew to 10,160,643,716.17 RMB from 7,320,491,366.59 RMB[8] - Total owners' equity (or shareholders' equity) increased to 21,147,535,424.96 RMB from 11,737,018,792.44 RMB[8] - Total liabilities and owners' equity (or shareholders' equity) rose to 64,893,878,075.63 RMB from 48,300,197,484.63 RMB[8] Costs and Expenses - Total operating costs for the first three quarters of 2023 were 35,790,235,618.93 RMB, compared to 31,711,275,720.88 RMB in the same period of 2022[9] - Taxes and surcharges increased to 109,461,529.60 from 77,070,332.55, reflecting a 42% rise[11] - Selling expenses rose to 825,773,319.91 from 779,310,444.84, a 6% increase[11] - Administrative expenses surged to 1,118,113,614.76 from 819,174,013.21, a 36% jump[11] - Financial expenses improved to -87,158,672.70 from -238,481,557.32, indicating a 63% reduction in losses[11] Business Performance and Strategy - Photovoltaic module shipment volume increased significantly compared to the same period last year, contributing to a 17.05% increase in operating revenue from the beginning of the year to the end of the current reporting period[5] - The company's "vertical integration" capacity layout and overall reduction in raw material prices led to a significant decrease in comprehensive manufacturing costs, improving gross profit margin levels[5] - The company's IPO this year resulted in an increase in cash and cash equivalents, contributing to the growth in total assets[5] Investments and Fair Value - Changes in fair value of other equity instrument investments resulted in a loss of 1,268,238.11, compared to a gain of 1,935,253.34 in the previous period[12] Financial Reporting and Compliance - The company's financial statements were prepared in accordance with Chinese GAAP, which differs materially from U.S. GAAP[17] - The financial statements have not been audited or reviewed by independent public accountants[19]

Canadian Solar 2Q23 Earnings Call August 22, 2023 Safe Harbor Statement This presentation has been prepared by the Company solely to facilitate the understanding of the Company's business model and growth strategy. The information contained in this presentation has not been independently verified. No representation, warranty or undertaking, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or the opinions contained ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q2 2023 Earnings Conference Call August 22, 2023 8:00 AM ET Company Participants Isabel Zhang - Director, IR Shawn Qu - Chairman, President & CEO Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Huifeng Chang - SVP & CFO Conference Call Participants Brian Lee - Goldman Sachs Matt Koranda - ROTH MKM Colin Rusch - Oppenheimer Operator Ladies and gentlemen, thank you for standing by. Welcome to Canadian Solar Second Quarter 2023 Earnings Conferen ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q1 2023 Earnings Conference Call May 18, 2023 8:00 AM ET Company Participants Shawn Qu - Chairman, President, Chief Executive Officer Huifeng Chang - Senior Vice President, Chief Financial Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - President, Recurrent Energy Isabel Zhang - Director, Investor Relations Conference Call Participants Colin Rusch - Oppenheimer Philip Shen - ROTH MKM Miguel Robles - Goldman Sachs Praneeth Satish - Wells Fargo Operator Welcome to ...

Exhibit 99.1 Canadian Solar Reports First Quarter 2023 Results Guelph, Ontario, May 18, 2023 – Canadian Solar Inc. ("Canadian Solar" or the "Company") (NASDAQ: CSIQ) today announced financial results for the first quarter ended March 31, 2023. Highlights · 66% increase in solar module shipments year-over-year ("yoy") to 6.1 GW, in line with guidance of 5.9 GW to 6.2 GW. · 36% increase in revenue yoy to $1.7 billion, in line with guidance of $1.6 billion to $1.8 billion. · 18.7% gross margin, in line with gu ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SE ...

Canadian Solar Inc. (NASDAQ:CSIQ) Q4 2022 Earnings Conference Call March 21, 2023 8:00 AM ET Company Participants Isabel Zhang - Investor Relations Director Shawn Qu - Chairman & Chief Executive Officer Yan Zhuang - President, CSI Solar Ismael Guerrero - Corporate Vice President & President, Global Energy Huifeng Chang - Senior Vice President & Chief Financial Officer Conference Call Participants Colin Rusch - Oppenheimer Vikram Bagri - Citigroup Philip Shen - ROTH MKM Partners Brian Lee - Goldman Sachs O ...