---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-019708"
form_type: "8-K"
ticker: "CBAT"
cik: "0001117171"
company_name: "CBAK Energy Technology, Inc."
filed_at: "2022-04-14T23:59:59+00:00"
generated_at: "2026-06-26T07:17:01.961894+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBAK Energy Q4 revenue $27.8M (+80% YoY); full-year net income $61.5M vs loss

## Summary
- Q4 net revenues $27.8M, up 80% YoY; FY revenue $52.7M, up 40% YoY.
- Full-year net income attributable to shareholders $61.5M vs loss of $7.8M in 2020, driven largely by $61.8M change in fair value of warrants.
- Gross margin improved 250 bps to 9.7% for FY; Q4 gross margin fell to 3.7% from 6.8% due to higher raw material costs.
- Operating loss widened to $11.7M in FY from $8.5M in 2020; expenses rose 50% on headcount growth and Hitrans acquisition.
- Acquisition of 81.56% of Hitrans closed Nov 2021; added nearly $18M in material revenues in last five weeks of Q4.

## SEC filing metadata
- accession: 0001213900-22-019708
- form_type: 8-K
- ticker: CBAT
- cik: 0001117171
- company_name: CBAK Energy Technology, Inc.
- filed_at: 2022-04-14T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1117171/000121390022019708/0001213900-22-019708-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1117171/000121390022019708/ea158440-8k_cbakenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-019708
- JSON: https://secwatch.observer/filing/0001213900-22-019708.json
- Plain text: https://secwatch.observer/filing/0001213900-22-019708.txt

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