secwatch.observer — SEC 8-K summary
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Issuer:     CBAK Energy Technology, Inc. (CBAT)
CIK:        0001117171
Form:       8-K
Filed at:   2023-04-11T23:59:59+00:00
Accession:  0001213900-23-028695
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CBAK Energy Q4 revenue +95.9% to $54.5M; net loss of $10.7M vs prior-year income
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- Q4 net revenues $54.46M (+95.9% YoY); full year $248.73M (+372.2% YoY).
- Q4 net loss attributable to shareholders $10.70M vs net income $9.16M in Q4 2021.
- FY net loss $9.45M vs net income $61.49M in 2021; includes $6.39M impairment charges.
- Backlog orders $180M as of March 31, 2023; management cites lithium carbonate price decline as positive for 2023.
- Gross profit Q4 $3.78M (+263.1% YoY); full-year gross margin 7.28% vs 9.70% in 2021.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1117171/000121390023028695/0001213900-23-028695-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1117171/000121390023028695/ea176734-8k_cbakenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-028695

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer