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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CBAT
News
- CBAK Energy Technology receives orders from Anker Innovations, shares up over 26% [Seeking Alpha]Seeking Alpha
- CBAK Energy Technology, Inc. Announces Significant Orders from Anker Innovations, totaling around USD 30 Million to 35 MillionPR Newswire
- CBAK Energy Technology (NASDAQ:CBAT) Shareholders Will Want The ROCE Trajectory To Continue [Yahoo! Finance]Yahoo! Finance
- Battery Management System Business Research Report 2024: Global Market to Grow by $17.1 Billion by 2030, Expansion of Smart Grid Infrastructure, and Adoption of EVs [Yahoo! Finance]Yahoo! Finance
- One Analyst Just Shaved Their CBAK Energy Technology, Inc. (NASDAQ:CBAT) Forecasts Dramatically [Yahoo! Finance]Yahoo! Finance
CBAT
Earnings
- 11/12/24 - Miss
CBAT
Sec Filings
- 12/9/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/12/24 - Form 8-K
- CBAT's page on the SEC website