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WebsiteIntroduction to SUNRISE NEW ENERGY CO LTD
SUNRISE NEW ENERGY CO LTD (ticker: EPOW) is a holding company headquartered in Zibo, Shandong Province, China. Formerly known as Global Internet of People Inc., it was incorporated in 2019 and is engaged in providing enterprise services to small and medium-sized businesses alongside the manufacturing and sale of graphite anode material for lithium-ion batteries. The company’s core business is conducted through a joint venture in Guizhou Province, where a facility with a production capacity of 50,000 tons per year operates on renewable electricity.
Corporate Structure and Workforce
As of the trailing twelve months, the company employs 48 staff members. Its group structure consists of the parent holding company and an operating Variable Interest Entity (VIE), Global Mentor Board (Zibo) Information Technology Co., Ltd., which provides knowledge-sharing and consulting services. SUNRISE NEW ENERGY Co., Ltd. is classified as an emerging growth company under U.S. securities regulations, which allows it to benefit from reduced reporting requirements.
Graphite Anode by Pawel Czerwinski
Developments and News
On December 2, 2024, the company reported that its sales volume for October 2024 reached 3,419 tons of graphite anode material, marking a 449.8 percent increase compared to October 2023. From January through October 2024, cumulative sales totaled 22,476 tons, an increase of 131.1 percent year-over-year. This growth was attributed to orders from notable battery manufacturers, including:
- Contemporary Amperex Technology Co., Limited (CATL)
- HiTHIUM Energy Storage
- Pylon Technologies Co., Ltd.
On July 31, 2025, SUNRISE NEW ENERGY entered into a securities purchase agreement to issue 1,000,000 Class A ordinary shares at a price of $0.55 per share. The registered direct offering was completed on September 23, 2025, generating gross proceeds of approximately $550,000 before expenses.
On September 30, 2025, shares traded on the NASDAQ under the symbol EPOW at $1.36, reflecting a single-day increase of 51.28 percent on a volume of 3,680,749 shares.
Financial and Strategic Analysis
For the twelve months ending December 31, 2024, the company reported trailing revenue of $65.0 million, with a net loss of $11.78 million. As of September 19, 2025, non-affiliate market capitalization was approximately $21.56 million, based on 21,161,978 shares at $1.019 per share.
Net proceeds from the September 2025 offering are to be utilized for working capital and general corporate purposes. Under U.S. GAAP, the VIE contributed 4.05 percent of consolidated total assets and 1.05 percent of net revenues as of December 31, 2024. The ongoing reliance on the VIE structure introduces regulatory risks, particularly regarding the enforceability of contractual arrangements under PRC law.
Market Position and Industry Context
SUNRISE NEW ENERGY operates in the graphite anode segment of the electric vehicle and energy storage industries. Its production model, which relies on renewable power in Guizhou, aims to cater to battery manufacturers globally. Partnerships with CATL, HiTHIUM, and Pylon Technologies place the company within a competitive landscape that includes established global and domestic anode material producers. Ongoing demand for lithium-ion batteries provides market opportunities, which are contingent on regulatory developments in both China and international capital markets.
tl;dr
As of September 30, 2025, SUNRISE NEW ENERGY’s stock closed at $1.36 (+51.28 percent), supported by high trading volume. On September 23, 2025, the company completed a registered direct offering of 1,000,000 shares at $0.55, raising $550,000 for working capital and corporate purposes. Sales volumes for October 2024 increased by 449.8 percent year-over-year, with cumulative January–October 2024 volumes up 131.1 percent, reflecting increased orders from CATL, HiTHIUM, and Pylon Technologies. The future outlook is linked to the effective use of capital resources, production capacity expansion, and regulatory clarity regarding VIE arrangements.
