CBAK Energy Q1 net revenue $58.8M (+38.7% YoY); battery net income $11.7M

CBAK Energy Technology, Inc.

2024-Q1 EPS reported $0.11 revenue$58,822,432

Battery business revenue $44.8M (+51.5% YoY); gross margin 41.2% vs 10.9% a year ago.
Consolidated net income $9.6M vs net loss of $1.4M in Q1 2023; EPS $0.11 vs loss $0.02.
Full-year 2024 battery net income guided to RMB220M–RMB250M ($30.5M–$34.6M).
Residential energy & UPS revenue $42.8M (+66.0%); EV battery revenue down 73.6%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.4

CBAK Energy Technology, Inc. reported financial results for the first quarter ended March 31, 2024.

Period: the first quarter ended March 31, 2024
Result: reported results

Exact text from the filing

On May 10, 2024, CBAK Energy Technology, Inc. (the “Company”) released its unaudited results of operations for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001213900-24-041452

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