CBAK Energy Reports Second Quarter and First Half 2024 Unaudited Financial Results
CBAK Energy Technology, Inc. (CBAT)
Company Research
Source: PR Newswire
DALIAN, China, Aug. 9, 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 second quarter and the first half of 2024 ended June 30, 2024.First Half of 2024 Financial HighlightsNet revenues from sales of batteries were $80.4 million, an increase of 55% from $51.8 million in the same period of 2023. - Net revenues from batteries used in light electric vehicles were $3.3 million, an increase of 7% from $3.1 million in the same period of 2023. - Net revenues from batteries used in electric vehicles were $0.7 million, a decrease of 65% from $2.0 million in the same period of 2023. - Net revenues from residential energy supply & uninterruptible supplies were $76.4 million, an increase of 63% from $46.8 million in the same period of 2023.Gross margin for the battery business was 39.0%
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CBAT
News
- CBAT: Weathering the challenges in the battery cell market. Maintaining a $2.50/share target. [Yahoo! Finance]Yahoo! Finance
- Should You Investigate CBAK Energy Technology, Inc. (NASDAQ:CBAT) At US$1.01? [Yahoo! Finance]Yahoo! Finance
- CBAK Energy Technology, Inc. (CBAT) Q2 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- CBAK Energy to Report Second Quarter & First Half 2024 Unaudited Financial Results on Friday, August 9, 2024PR Newswire
CBAT
Earnings
- 8/9/24 - In-Line
CBAT
Sec Filings
- 8/12/24 - Form 10-Q
- 8/12/24 - Form NT
- 8/9/24 - Form 8-K
- CBAT's page on the SEC website