Exhibit 99.1

SPI ENERGY CO., LTD.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands, except for share and per share data)

	June 30, 2021			December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents	$	22,846		$	38,882
Restricted cash		2,238			900
Accounts receivable, net		26,903			17,061
Contract assets		2,398
Inventories, net		23,196			17,260
Prepaid expenses and other current assets, net		11,409			5,018
Amount due from related parties		229			194
Total current assets		89,219			79,315
Intangible assets, net		6,725			4,058
Goodwill		4,897			4,546
Other receivable, noncurrent		278			299
Property, plant and equipment, net		34,790			32,802
Project assets, noncurrent, net		23,616			19,740
Investment in affiliates, net		69,606			69,606
Deferred tax assets, net		257			82
Operating lease right-of-use assets		8,800			6,585
Total assets	$	238,188		$	217,033
LIABILITIES AND EQUITY
Current liabilities:
Accounts payable	$	22,255		$	14,952
Accrued liabilities		7,254			8,490
Income taxes payable		381			31
Advance from customers		4,113			1,377
Short-term borrowings and current portion of long-term borrowings		12,353			3,266
Amount due to an affiliate		10,297			9,756
Convertible bonds, net of unamortized debt discount		44,271			50,373
Operating lease liabilities, current		579			605
Derivative liability		314			67
Accrued warranty reserve		579			529
Consideration payable		61,984			62,114
Total current liabilities		164,380			151,560
Long-term borrowings, excluding current portion		10,670			6,355
Amount due to an affiliate, noncurrent		371			832
Deferred tax liabilities,net		3,628			3,966
Operating lease liabilities, noncurrent		8,303			5,934
Total liabilities		187,352			168,647
Equity (deficit):
Ordinary shares, par $0.0001, 500,000,000 shares authorized, 24,066,223 and 22,340,689 shares issued and outstanding as of June 30, 2021 and December 31, 2020, respectively		2			2
Additional paid in capital		687,404			670,101
Accumulated other comprehensive loss		(32,980	)		(32,947	)
Accumulated deficit		(606,808	)		(591,899	)
Total equity (deficit) attributable to shareholders of SPI Energy Co., Ltd.		47,618			45,257
Noncontrolling interests		3,218			3,129
Total equity		50,836			48,386
Total liabilities and equity	$	238,188		$	217,033

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SPI ENERGY CO., LTD.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except for share and per share data)

	For the Six Months Ended June 30,
	2021			2020
Net sales	$	79,440		$	56,364
Cost of goods sold		72,073			53,221
Gross profit		7,367			3,143
Operating (income) expenses:
General and administrative		17,269			2,825
Sales, marketing and customer service		2,246			634
Reversal of impairment charge on project assets		–			(3,751	)
Provision for doubtful accounts		319			–
Total operating (income) expenses		19,834			(292	)
Operating income (loss)		(12,467	)		3,435
Other expense :
Interest expense, net		2,702			2,053
Change in fair value of derivative liability		–			(498	)
Net foreign exchange gain		(710	)		(1,056	)
Others		(752	)		(199	)
Total other expense, net		1,240			300
Income (loss) before income taxes		(13,707	)		3,135
Income tax expense		860			390
Net income (loss) including noncontrolling interests	$	(14,567	)	$	2,745
Less: Net income  attributable to noncontrolling interests		342			83
Net income (loss) attributable to shareholders of SPI Energy Co., Ltd.	$	(14,909	)	$	2,662
Net income (loss) from  per ordinary share:
Basic and Diluted	$	0.64		$	0.18
Weighted average shares outstanding
Basic and Diluted		23,434,015			14,805,098

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