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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS    
Cash and cash equivalents $ 1,395,945 $ 1,655,549
Restricted cash 2,224,722 2,638,468
Accounts receivable, net 8,936,315 5,167,701
Notes receivable 835,090 868,679
Inventories, net 15,843,546 18,330,516
Due from related parties 617,324 400,022
Short-term investment 3,336,256
Prepaid expenses and other current assets 5,962,953 12,240,642
TOTAL CURRENT ASSETS 35,815,895 44,637,833
NON-CURRENT ASSETS    
Long term prepayments and other non-current assets 1,524,494 3,850,985
Plant, property and equipment, net 65,561,251 41,468,383
Land use rights, net 9,673,696 10,083,242
Intangible assets, net 80,940 3,962,650
Long-term investments, net 1,879,986 3,019,281
Finance lease right-of-use assets 5,968,268
TOTAL NON-CURRENT ASSETS 84,688,635 62,384,541
TOTAL ASSETS 120,504,530 107,022,374
CURRENT LIABILITIES    
Accounts payable 33,872,581 12,259,772
Note payable 4,148,265 3,876,748
Short-term loan 7,042,353
Deferred revenue 349,314 347,231
Deferred revenue - related parties 340,850 347,471
Deferred government subsidy 2,816,941 2,871,665
Due to related parties 4,464,165 885,150
Income taxes payable 501,372 506,638
Finance lease liabilities, current 2,610,633
Long-term loan, current 478,880
Long-term payable, current 4,710,644 3,706,628
Consideration payable, current 591,369 582,381
Accrued expenses and other current liabilities 1,561,051 639,761
TOTAL CURRENT LIABILITIES 63,488,418 26,023,445
NON-CURRENT LIABILITIES    
Long-term loan, non-current 3,507,092
Finance lease liabilities, non-current 2,295,339
Long term payable, non-current 2,983,062 4,078,843
Consideration payable, non-current 2,703,528 3,358,906
Deferred tax liabilities, net 195,327 199,583
TOTAL NON-CURRENT LIABILITIES 11,684,348 7,637,332
TOTAL LIABILITES 75,172,766 33,660,777
COMMITMENTS AND CONTINGENCIES (Note 23)
MEZZANINE EQUITY    
Redeemable non-controlling interests 34,543,186 31,228,329
EQUITY    
Additional paid-in capital 32,620,568 33,789,702
Statutory reserves 2,477,940 2,477,940
Accumulated deficits (30,467,027) (6,234,447)
Accumulated other comprehensive loss (1,989,087) (1,355,358)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO SUNRISE NEW ENERGY CO., LTD. ORDINARY SHAREHOLDERS 2,645,008 28,680,373
Non-controlling interests 8,143,570 13,452,895
TOTAL EQUITY 10,788,578 42,133,268
TOTAL LIABILITIES, MEZZANINE EQUITY AND TOTAL EQUITY 120,504,530 107,022,374
Class A Ordinary Shares    
EQUITY    
Ordinary shares [1] 1,957 1,879
Class B Ordinary Shares    
EQUITY    
Ordinary shares [1] $ 657 $ 657
[1] Retrospectively restated for effect of share re-designation on April 8, 2024 (see Note 21).