CBAK Energy Reports Third Quarter & First Nine Months of 2024 Unaudited Financial Results
CBAK Energy Technology, Inc. (CBAT)
Company Research
Source: PR Newswire
DALIAN, China, Nov. 12, 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 third quarter 2024 ended September 30, 2024.First nine months of 2024 Financial HighlightsNet revenues from sales of batteries were $113.9 million, an increase of 18.4% from $96.2 million in the same period of 2023.Net revenues from batteries used in light electric vehicles were $8.2 million, an increase of 95% from $4.2 million in the same period of 2023.Net revenues from batteries used in electric vehicles were $1.0 million, a decrease of 57.1% from $2.4 million in the same period of 2023.Net revenues from residential energy supply & uninterruptible supplies were $104.6 million, an increase of 16.8% from $89.5 million in the same period of 2023.Gross margin for the battery business was 34.3%, an increase of 15.2 percen
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- CBAK Energy Technology Inc (CBAT) Q3 2024 Earnings Call Highlights: Record Demand Spurs ... [Yahoo! Finance]Yahoo! Finance
- CBAK Energy Technology, Inc. (CBAT) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
CBAT
Earnings
- 11/12/24 - Miss
CBAT
Sec Filings
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- 10/31/24 - Form 3
- CBAT's page on the SEC website