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Unaudited Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 19,921,398 $ 1,264,463
Restricted cash 7,486,988 8,096,121
Accounts receivable, net 23,305,855 28,992,149
Notes receivable 1,267,601 2,381,940
Inventories, net 30,335,511 17,660,390
Prepaid expenses and other current assets 7,368,290 4,073,702
TOTAL CURRENT ASSETS 90,717,535 63,010,873
NON-CURRENT ASSETS    
Long-term prepayments and other non-current assets 4,623,626 3,039,185
Plant, property and equipment, net 62,830,365 60,503,274
Land use rights, net 12,950,279 9,197,978
Intangible assets, net 68,250 71,909
Long-term investments, net 2,094,050 2,007,957
Finance lease right-of-use assets 2,111,135 5,191,856
TOTAL NON-CURRENT ASSETS 84,677,705 80,012,159
TOTAL ASSETS 175,395,240 143,023,032
CURRENT LIABILITIES    
Accounts payable 39,237,197 49,959,735
Notes payable 13,629,919 16,091,959
Short-term loan 5,723,379 1,643,993
Deferred revenue 2,401,251 1,809,366
Deferred government subsidy 3,107,376 3,049,607
Income taxes payable 501,041 491,745
Finance lease liabilities, current 955,703 1,603,694
Long-term loan, current 28,729,896 485,556
Long-term payables, current 1,534,909 3,231,126
Consideration payable, current 840,970 801,866
Accrued expenses and other current liabilities 10,308,798 3,391,157
TOTAL CURRENT LIABILITIES 109,415,894 86,756,609
NON-CURRENT LIABILITIES    
Long-term loan, non-current 38,867,203 26,410,701
Finance lease liabilities, non-current 629,053
Long term payable, non-current 257,192 403,726
Consideration payable, non-current 1,388,878 1,338,719
Deferred tax liabilities, net 192,918 189,551
TOTAL NON-CURRENT LIABILITIES 40,706,191 28,971,750
TOTAL LIABILITES 150,122,085 115,728,359
COMMITMENTS AND CONTINGENCIES (Note 23)
EQUITY    
Subscription receivable (100,000)
Additional paid-in capital 32,420,874 32,175,698
Statutory reserves 2,481,927 2,477,940
Accumulated deficits (43,504,510) (42,243,463)
Accumulated other comprehensive loss (2,360,456) (2,577,144)
TOTAL SHAREHOLDERS’ DEFICIT ATTRIBUTABLE TO SUNRISE NEW ENERGY CO., LTD. ORDINARY SHAREHOLDERS (10,959,467) (10,264,271)
Non-controlling interests 36,232,622 37,558,944
TOTAL EQUITY 25,273,155 27,294,673
TOTAL LIABILITIES AND TOTAL EQUITY 175,395,240 143,023,032
Class A Ordinary Shares    
EQUITY    
Ordinary shares [1] 2,041 2,041
Class B Ordinary Shares    
EQUITY    
Ordinary shares [1] 657 657
Related Party    
CURRENT ASSETS    
Due from related parties 1,031,892 542,108
CURRENT LIABILITIES    
Due to related parties $ 2,445,455 $ 4,196,805
[1] Retrospectively restated for effect of share re-designation on April 8, 2024 (see Note 22).