---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-013130"
form_type: "8-K/A"
ticker: "CBAT"
cik: "0001117171"
company_name: "CBAK Energy Technology, Inc."
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T21:54:31.042380+00:00"
event_type: "m_and_a"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBAK acquisition target Hitrans shows FY2020 net income $17K, going concern risk

## Summary
- Hitrans FY2020 net revenue $84.5M, down 27% from $116.1M in FY2019.
- Hitrans FY2020 net income $16,777 vs. $3.7M in FY2019; accumulated deficit $6.4M.
- Auditor includes going concern qualification due to working capital deficiency.
- CBAK Power acquired 81.56% of Hitrans for approx. RMB158.74M ($24.6M).
- Unaudited 9M2021 interim financial statements of Hitrans also provided.

## SEC filing metadata
- accession: 0001213900-22-013130
- form_type: 8-K/A
- ticker: CBAT
- cik: 0001117171
- company_name: CBAK Energy Technology, Inc.
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1117171/000121390022013130/0001213900-22-013130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1117171/000121390022013130/ea156490-8ka_cbak.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-013130
- JSON: https://secwatch.observer/filing/0001213900-22-013130.json
- Plain text: https://secwatch.observer/filing/0001213900-22-013130.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.