Sunrise New Energy Delays 20-F Amid Rising Losses
Sunrise New Energy Co (E-Power Inc.) has announced a delay in filing its Form 20-F (Yearly Report) for fiscal year 2025 due to time constraints in compiling detailed information. The company anticipates filing within 15 calendar days of the original due date. Preliminary unaudited figures for 2025 indicate a significant deterioration in financial performance, with projected revenue decline of 28.6% and a net loss widening by 45.5% to $26.2 million, mainly due to shifts in customer portfolio, product mix, lower sales volumes, and increased financing and equity-related costs.