On November 15, Atlas issued an announcement disclosing the company's controlling shareholder's performance in the third quarter of 2023 and its business outlook for the fourth quarter and 2024. According to
the announcement, Canadian Solar Inc. (CSIQ), the controlling shareholder of Atlas, shipped 8.3 GW in the third quarter, up 1% annually and 39% year-on-year. Revenue in the third quarter amounted to about RMB 13.26 billion (US $1.85 billion), with a gross profit margin of 16.7%. In the fourth quarter
of CSIQ, module shipments are expected to be between 7.6G Wh and 8.1G Wh, and energy storage system shipments are expected to be between 1.4G W and 1.5G W, of which about 720 MW is expected to generate revenue in early 2024. In the fourth quarter of 2023, CSIQ expects total revenue to be between $1.6 billion and $1.8 billion, and gross margin is expected to be between 14% and 16%. For the full year 2024, module shipments are expected to be between 42 and 47 GW, and energy storage system shipments between 6G Wh and 6.5G Wh.

It is understood that CSIQ is a listed company in the United States. As of the announcement date, CSIQ directly holds 62.24% of Atlas.
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