CBAK Energy Q1 net revenues down 41% YoY to $34.9M; net loss of $1.58M

CBAK Energy Technology, Inc.

2025-Q1 EPS reported -$0.02 vs consensus $0.00 ▼ miss (-2000000.0%)

Net revenues $34.9M, down 41% from $58.8M in Q1 2024; battery revenue fell 54.6% to $20.36M.
Gross margin dropped to 13.7% from 31.9%; operating loss of $2.86M vs operating income of $10.3M.
Net loss attributable to shareholders of $1.58M vs net income of $9.8M; EPS loss $0.02 vs income $0.11.
Decline driven by Dalian facility product upgrade from Model 26650 to 40135; Nanjing facility sees strong demand for Model 32140.
CEO expects gradual revenue recovery in H2 2025 as new Model 40135 lines are completed and customer validation finalizes.

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