CBAK Energy Reports First Quarter 2024 Unaudited Financial Results
CBAK Energy Technology, Inc. (CBAT)
Company Research
Source: PR Newswire
- Expected net income from the battery business to be between RMB220 million and RMB250 million for the full year of 2024DALIAN, China, May 10, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the first quarter ended March 31, 2024.First Quarter of 2024 Financial HighlightsNet revenues from sales of batteries were $44.8 million, an increase of 51.5% from $29.6 million in the same period of 2023.-Net revenues from batteries used in light electric vehicles were $1.5 million, a decrease of 23.3% from $2.0 million in the same period of 2023.-Net revenues from batteries used in electric vehicles were $0.5 million, a decrease of 73.6% from $1.8 million in the same period of 2023.-Net revenues from residential energy supply & uninterruptible supplies were $42.8 million, an increase of 66.0% from $25.8 m
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CBAT
Earnings
- 5/10/24 - Beat
CBAT
Sec Filings
- 5/17/24 - Form 144
- 5/14/24 - Form 10-Q
- 5/10/24 - Form NT
- CBAT's page on the SEC website