---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-022802"
form_type: "8-K"
ticker: "CBAT"
cik: "0001117171"
company_name: "CBAK Energy Technology, Inc."
filed_at: "2024-03-15T23:59:59+00:00"
generated_at: "2026-06-04T16:35:18.902718+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# CBAK Energy Q4 2023 battery revenue up 31% to $36.8M; gross margin 36%

## Summary
- Battery business net income of $6.6M in Q4 vs loss of $6.4M a year ago.
- Full year battery revenue $133M, up 40.4%; gross margin 23.8% vs 8.9%.
- Residential energy supply revenue up 84.3% in Q4 to $35M.
- Consolidated net loss narrowed to $4.8M in Q4 from $10.7M.
- Management projects another year of net income for battery business in 2024.

## SEC filing metadata
- accession: 0001213900-24-022802
- form_type: 8-K
- ticker: CBAT
- cik: 0001117171
- company_name: CBAK Energy Technology, Inc.
- filed_at: 2024-03-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1117171/000121390024022802/0001213900-24-022802-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1117171/000121390024022802/ea0201789-8k_cbakenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-022802
- JSON: https://secwatch.observer/filing/0001213900-24-022802.json
- Plain text: https://secwatch.observer/filing/0001213900-24-022802.txt

## Key facts
- Earnings Releases
  CBAK Energy Technology, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $36.8 million, net income $6.6 million.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $36.8 million
  - Net income: $6.6 million
  - Result: reported results
  source text: Fourth Quarter of 2023 Financial Highlights ● Net revenues from sales of batteries were $36.8 million, an increase of 30.9% from $28.1 million in the same period of 2022. - Net revenues from batteries used in light electric vehicles were $1.4 million, a decrease of 69.5% from $4.5 million in the same period of 2022. - Net revenues from batteries used in electric vehicles were $0.5 million, a decrease of 88.8% from $4.7 million in the same period of 2022. - Net revenues from residential energy supply & uninterruptible supplies were $35.0 million, an increase of 84.3% from $19.0 million in the same period of 2022. ● Gross margin for the battery business was 36.0%, an increase of 27.7 percentage points from 8.3% in the same period of 2022. ● Net income from the battery business was $6.6 million, compared to a net loss of $6.4 million in the same period of 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1117171/000121390024022802/0001213900-24-022802-index.htm
- Earnings Releases
  CBAK Energy Technology, Inc. reported the full year ended December 31, 2023 results: revenue $133.0 million, net income $13.4 million.
  - Period: the full year ended December 31, 2023
  - Revenue: $133.0 million
  - Net income: $13.4 million
  - Result: reported results
  source text: Full Year of 2023 Financial Highlights ● Net revenues from sales of batteries were $133.0 million, an increase of 40.4% from $94.7 million in 2022. - Net revenues from batteries used in light electric vehicles were $5.6 million, a decrease of 12.6% from $6.4 million in 2022. - Net revenues from batteries used in electric vehicles were $2.9 million, a decrease of 38.6% from $4.7 million in 2022. - Net revenues from residential energy supply & uninterruptible supplies were $124.5 million, an increase of 48.9% from $83.6 million in 2022. ● Gross margin for the battery business was 23.8%, an increase of 14.9 percentage points from 8.9% in 2022. ● Net income for the battery business was $13.4 million, compared to a net loss of $7.8 million in 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1117171/000121390024022802/0001213900-24-022802-index.htm

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