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NON-CONTROLLING INTERESTS AND REDEEMABLE NON-CONTROLLING INTERESTS | 12 Months Ended
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Dec. 31, 2024
NON-CONTROLLING INTERESTS AND REDEEMABLE NON-CONTROLLING INTERESTS |
NON-CONTROLLING INTERESTS AND REDEEMABLE NON-CONTROLLING INTERESTS | 25. NON-CONTROLLING INTERESTS AND REDEEMABLE NON-CONTROLLING INTERESTS ​ In 2023, CSI Solar completed its IPO on the STAR Market of the SSE, raising net proceeds of approximately $927,897, of which, $644,873 was recorded in non-controlling interest, $244,629 in additional paid-in capital and $38,395 in accumulated other comprehensive loss. As of December 31, 2024, CSI Solar had repurchased 52,700,000 shares for RMB 566,202,000 ($79,582) under its share repurchase program, reducing the non-controlling interests’ ownership from 37.76% to 36.86%. The following schedule presents the effects of transfers from (to) non-controlling interests and redeemable non-controlling interests: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Years Ended December 31,
​ |  | 2022 |  | 2023 |  | 2024
Net income attributable to Canadian Solar Inc. | ​ | $ | 239,968 | ​ | $ | 274,187 | ​ | $ | 36,051
Transfers from (to) non-controlling interests and redeemable non-controlling interests: | ​ |  | ​ | ​ |  | ​ | ​ |  | ​
Increase in paid-in capital from transfer of equity interest in subsidiary and subsidiary’s equity offering | ​ |  | 11,185 | ​ |  | 244,629 | ​ |  | —
Increase in paid-in capital from subsidiary’s issuance of redeemable preferred shares | ​ |  | — | ​ |  | — | ​ |  | 330,682
Increase in paid-in capital from acquisition of non-controlling interest | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 1,485
Decrease in paid-in capital from subsidiary’s repurchase of its common shares | ​ |  | — | ​ |  | — | ​ |  | (55,730)
Net transfers from (to) non-controlling interests | ​ | $ | 11,185 | ​ | $ | 244,629 | ​ | $ | 276,437
Change from net income attributable to Canadian Solar Inc. and transfers from (to) non-controlling interests and redeemable non-controlling interests | ​ | $ | 251,153 | ​ | $ | 518,816 | ​ | $ | 312,488
​ The Company recorded net loss attributable to redeemable non-controlling interests of nil, nil, and $132,475 for the years ended December 31, 2022, 2023, and 2024, respectively. Amounts attributable to redeemable non-controlling interests were determined based on the HLBV method and the contractual terms of preferred shares of subsidiaries.

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- Definition The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 810 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/810/tableOfContent + Details
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