CBAK Energy Q2 revenue up 857% to $56.4M; net income falls to $0.8M from $2.7M

CBAK Energy Technology, Inc.

2022-Q2 EPS reported $0.01 revenue$136,545,958

Q2 net revenue $56.4M (+857% YoY); H1 net revenue $136.5M (+792% YoY).
Q2 gross profit $5.5M (+404% YoY) but gross margin fell to 9.5% from 18.6% due to raw material cost inflation.
Q2 net income attributable to shareholders $0.8M, down from $2.7M in Q2 2021; EPS $0.00.
H1 net income $1.3M vs $32.3M in H1 2021, impacted by warrant fair value changes and higher costs.
Business highlights: Na-ion battery joint development (samples H2 2022); supply deal with Jemmell for A00-grade EVs.

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