CBAK Energy Q3 net loss $0.2M; 9-month battery revenue up 18.4%, net income $16.3M

CBAK Energy Technology, Inc.

2024-Q3 EPS reported $0.18 revenue$151,243,718

Q3 net loss $0.2M vs net income $6.3M a year ago; total revenue $44.6M, down 30% on maintenance shutdown.
First 9 months battery revenue $113.9M (+18.4% YoY); battery gross margin 34.3% vs 19.0%.
Net income attributable to shareholders $16.3M for 9 months vs $2.3M in 2023; EPS $0.18 vs $(0.03).
Nanjing facility turned profitable in Q3; management plans 2.5-3 GWh capacity expansion by next year.
Battery business net income rose 222% to $21.6M in 9 months; light EV battery revenue surged 95%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.