AG真人官方

CBAK Energy Reports Second Quarter and First Half 2025 Unaudited Financial Results

DALIAN, China, Aug. 18, 2025 (GLOBE NEWSWIRE) -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) (鈥淐BAK Energy,鈥� or the 鈥淐ompany鈥�) 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 2025 ended June 30, 2025.

Second Quarter of 2025 Financial Results

Net revenues¹ were $40.52 million, down 15% from $47.79 million in the same period of 2024. The decline was largely attributable to our Dalian facilities, where most customers operate in the residential energy supply sector. These facilities are currently upgrading their product portfolio, shifting from Model 26650 to Model 40135. Customers who previously purchased Model 26650 are now in the process of testing and validating the new Model 40135, and we expect a gradual recovery once both existing and potential customers complete this validation. In addition, capacity for Model 32140 produced at our Phase I Nanjing facilities is fully booked. To meet growing demand, we are expanding Model 32140 capacity at our Phase II Nanjing facilities. Once Phase II operations commence by year-end, we anticipate a significant acceleration in growth from our Nanjing facilities.

Among these revenues, detailed revenues from our battery business are:

Cost of revenues was $36.06 million, representing an increase of 2.84% from $35.07 million in the same period of 2024.

Gross profit was $4.46 million, representing a decrease of 64.95% from $12.73 million in the same period of 2024. Gross margin was 11%, compared to 26.6% in the same period of 2024.

Operating loss amounted to $3.53 million, compared to an operating income of $5.95 million in the same period of 2024.

Net loss attributable to shareholders of CBAK Energy was $3.07 million, compared to net income attributable to shareholders of CBAK Energy of $6.45 million in the same period of 2024.

Basic and diluted loss per share were both $0.03, compared to basic and diluted income per share of $0.07 in 2024.

First Half of 2025 Financial Results

Net revenues¹ were $75.46 million, a 29.2% decrease from $106.62 million in the same period of 2024, reflecting the factors discussed above.

Among these revenues, detailed revenues from our battery business are:

Cost of revenues was $66.2 million, representing a decrease of 11.86% from $75.1 million in the same period of 2024.

Gross profit was $9.26 million, representing a decrease of 70.6% from $31.5 million in the same period of 2024. Gross margin was 12.28%, compared to 29.5% in the same period of 2024.

Operating loss amounted to $6.4 million, compared to an operating income of $16.2 million in the same period of 2024.

Net loss attributable to shareholders of CBAK Energy was $4.65 million, compared to net income attributable to shareholders of CBAK Energy of $16.3 million in the same period of 2024.

Basic and diluted loss per share were both $0.05, compared to basic and diluted income per share of $0.18 in 2024.

Zhiguang Hu, Chief Executive Officer of the Company, commented, 鈥淎s noted in our Q1 earnings, this year marks a strategic transition in battery models at our key manufacturing base. Our Dalian facilities are scheduled to begin mass production of Model 40135 in September, with customers already testing and validating the product and providing highly positive feedback. We expect a gradual recovery at Dalian beginning in Q4. Meanwhile, the completion of Phase II expansion for Model 32140 at our Nanjing facilities has been postponed to Q4. At present, customers at Dalian are transitioning to Model 40135, while capacity at Nanjing is fully booked, necessitating further expansion to meet demand. Once Model 40135 enters mass production in Dalian and the additional Model 32140 capacity in Nanjing comes online by year-end, we anticipate a strong rebound in production and sales.鈥�

Jiewei Li, Director and Chief Financial Officer, added, 鈥淭he performance of our battery segment has historically been strong, but this year we are undergoing a strategic upgrade to our product portfolio鈥攊ntroducing Model 40135鈥攚hile also facing significantly higher-than-expected demand for our most popular model, the Model 32140. As Mr. Hu noted, we are confident that our financial performance will experience a gradual and solid recovery in the near term. We are also close to finalizing agreements with several internationally renowned customers. Our customer base is highly global, including leading players such as top-five manufacturers in India鈥檚 two- and three-wheeler market, top-five companies in the portable power bank sector, and other major names in the energy storage industry. As always, we will try our best to seek customer consent and announce these names and agreements to ensure transparency for our shareholders. We are working hard to ensure our shareholders and investors that we are a fast-growing company with a solid customer structure and a strong commitment to future growth.鈥�

Conference Call

CBAK Energy鈥檚 management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, August 18, 2025 (8:00 PM Beijing/Hong Kong Time on August 18, 2025).

For participants who wish to join our call online, please visit:
https://edge.media-server.com/mmc/p/f2mt5wdg

Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions.

Participant Online Registration:
https://register-conf.media-server.com/register/BI4c5379149ee143008b639d88955a3194

Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call.

A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/f2mt5wdg

The earnings release and the link for the replay are available at

About CBAK Energy

CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company鈥檚 products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian.

For more information, please visit

Safe Harbor Statement

This press release contains 鈥渇orward-looking statements鈥� that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including 鈥渁nticipates,鈥� 鈥渂elieves,鈥� 鈥渃an,鈥� 鈥渃ontinue,鈥� 鈥渃ould,鈥� 鈥渆stimates,鈥� 鈥渆xpects,鈥� 鈥渋ntends,鈥� 鈥渕ay,鈥� 鈥減lans,鈥� 鈥減otential,鈥� 鈥減redicts,鈥� 鈥渟hould,鈥� or 鈥渨ill鈥� or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements.

Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management鈥檚 current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company鈥檚 products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company鈥檚 disclosure documents filed with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�) available on the SEC鈥檚 website at www.sec.gov, including the Company鈥檚 most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law.

For further inquiries, please contact:

In China:

CBAK Energy Technology, Inc.
Investor Relations Department
Email: