CBAK Energy Technology Inc
F:B6JA
CBAK Energy Technology Inc
CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium ion rechargeable batteries. The company is headquartered in Dalian, Liaoning and currently employs 1,054 full-time employees. The company went IPO on 2006-05-31. The firm and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications. The firm manufactures five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The firm's products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Its products are used in various applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses; light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications.
CBAK Energy Technology, Inc. engages in the manufacture, commercialization, and distribution of lithium ion rechargeable batteries. The company is headquartered in Dalian, Liaoning and currently employs 1,054 full-time employees. The company went IPO on 2006-05-31. The firm and its subsidiaries are engaged in the manufacture, commercialization and distribution of a range of standard and customized lithium ion (Li-ion) rechargeable batteries for use in an array of applications. The firm manufactures five types of Li-ion rechargeable batteries: aluminum-case cell, battery pack, cylindrical cell, lithium polymer cell and high-power lithium battery cell. The firm's products are sold to packing plants operated by third parties primarily for use in mobile phones and other electronic devices. Its products are used in various applications, including electric vehicles (EV), such as electric cars, electric buses, hybrid electric cars and buses; light electric vehicles (LEV), such as electric bicycles, electric motors and sight-seeing cars, and electric tools, energy storage, uninterruptible power supply (UPS), and other high power applications.
Revenue Surge: Consolidated revenue jumped 36.5% year-over-year to $50.9 million, mainly driven by the rebound in the Hitrans raw materials segment.
Hitrans Turnaround: Hitrans revenue soared 143.7% year-over-year, narrowing its net loss and showing signs of a sustained recovery.
Battery Segment Recovery: Battery revenue stabilized, up 0.7% year-over-year, with strong demand for Model 32140 and a significant order backlog.
Capacity Expansions: Nanjing Phase II and Dalian's new Model 40135 line are coming online, expected to boost total production capacity above 6 GWh in 2026.
Profitability Improvement: Net income attributable to shareholders reached $2.65 million, up 150-fold from last year.
Overseas Expansion Hurdles: Plans for overseas manufacturing are on hold pending clarity on China's export controls, though a major term sheet has been signed with an Asian partner.
