CBAK Energy Q1 revenue soars 99.3% to $69.6M, but gross margin drops to 1.5% and net loss widens to $9.3M

CBAK Energy Technology, Inc.

Consolidated net revenues $69.62M (up 99.3% YoY); battery segment revenue $37.52M (up 84.3%).
LEV segment revenue surged 441.6% to $15.41M, led by India, Vietnam, and Africa.
Hitrans raw materials revenue up 120.2% to $32.10M; segment net income turned to $1.57M from ($1.75M).
Gross margin fell to 1.5% from 13.7% due to new capacity ramp-up costs and delayed raw material pass-through.
Net loss attributable to shareholders $9.29M vs ($1.58M); cash and equivalents $98.6M, operating cash flow $22.28M.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

CBAK Energy Technology, Inc. reported first quarter ended March 31, 2026 results: revenue $69.62 million.

Period: first quarter ended March 31, 2026
Revenue: $69.62 million
Result: reported results

Exact text from the filing

March 31, 2026. First Quarter of 2026 Financial and Operational Highlights 1. First Quarter Consolidated Net Revenues achieved an explosive 99.3% year-over-year growth, reaching $69.62 million, compared to $34.94 million in the same period of 2025. The strong sales momentum was driven by the gradual release of newly added production capacity as ramp-up progressed, as

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Source: SEC EDGAR

accession 0001213900-26-058171

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