CBAK Energy Technology, Inc.

Listed Company

CBATCIK 0001117171NasdaqAcceleratedSmaller ReportingMiscellaneous Electrical Machinery, Equipment & SuppliesNevadaFY ends Dec 31

Period

FY 2025

Revenue

$195.19M

Net Income

$-9.38M

Total Assets

$426.18M

Equity

$112.68M

Shares Out

88.65M

Op. Cash Flow

$48.55M

CBAT$0.52−54.30% · past yearDBEQ Basic

Daily closing prices

Business

CBAK Energy Technology manufactures cylindrical lithium-ion and sodium-ion battery cells for light electric vehicles, electric vehicles, energy storage, and high-power applications in models including 26650, 26700, 32140, and 40135. The company also produces NCM precursor and cathode materials through a majority-owned subsidiary, Hitrans, serving battery manufacturers. CBAK operates manufacturing centers in Nanjing, Dalian, and Shangqiu for battery cells, and in Shaoxing for materials, with sales to domestic and international customers across China, Europe, India, Africa, and Southeast Asia.

Summary from 10-K filed 2026-03-31

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net revenues	195	177	204	249	53
Cost of revenues	−177	−135	−173	−231	−48
Gross profit	18	42	32	18	5
Research and development expenses	−16	−13	−12	−11	−5
Sales and marketing expenses	−5	−5	−5	−2	−2
General and administrative expenses	−16	−14	−14	−10	−10
Impairment charge on long-lived assets	—	−475,220	−7	−5	—
Allowance of credit losses and bad debts written off	210,177	−356,179	−1	−831,132	780,389
Total operating expenses	−37	−33	−39	−30	−17
Operating income (loss)	−18	9	−7	−12	−12
Finance income (expenses), net	−673,344	1	432,900	−7	4
Other income, net	8	1	3	—	—
Share of (loss) income of equity investee	145,097	−18,777	—	—	—
Gain on disposal on equity investee	—	45,749	—	—	—
Loss on derivatives instruments	−440,054	—	—	—	—
Income (loss) before income tax	−11	11	−6	−13	54
Income tax expenses	184,686	−2	−2	1	8
Net income (loss)	−11	10	−9	−11	62
Less: Net loss attributable to non-controlling interests	2	2	6	2	−73,092
Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc.	−9	12	−2	−9	61
Foreign currency translation adjustment	2	−3	−4	—	—
Comprehensive income (loss)	−9	6	−12	−23	—
Less: Comprehensive loss attributable to non-controlling interests	2	2	6	2	−70,234
Comprehensive income (loss) attributable to CBAK Energy Technology, Inc.	−8	8	−6	−20	64
Basic (in Dollars per share)	−0.1	0.13	−0.03	−0.11	0.7
Diluted (in Dollars per share)	−0.1	0.13	−0.03	−0.11	0.7
Basic (in Shares)	89	90	89	89	88
Diluted (in Shares)	89	90	89	89	88

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	8	7	5	7	7
Pledged deposits	67	54	54	31	19
Term deposits	—	4	—	—	—
Trade and bills receivable, net	38	33	29	27	50
Inventories	51	23	33	49	30
Prepayments and other receivables	15	20	7	6	—
Receivables from former subsidiary	4,389	12,399	—	—	—
Income tax recoverable	778,460	566,458	—	57,934	47,189
Total current assets	181	141	128	126	—
Property, plant and equipment, net	179	85	92	90	90
Construction in progress	32	43	—	—	—
Long-term investments, net	2	2	3	945,237	—
Prepaid land use rights	12	11	12	—	—
Intangible assets, net	71,654	382,962	841,360	1	2
Deposit paid for acquisition of long-term investments	17	16	7	—	—
Operating lease right-of-use assets, net	3	3	1	1	2
Total assets	426	302	281	244	263
Trade and bills payable	153	85	82	67	65
Short-term bank borrowings	29	26	33	15	—
Other short-term loans	337,156	335,715	339,552	689,096	—
Accrued expenses and other payables	114	58	42	26	—
Payable to a former subsidiary, net	407,506	419,849	411,111	358,067	—
Deferred government grants, current	578,606	556,214	375,375	—	—
Product warranty provisions	339,136	23,426	23,870	26,215	127,837
Operating lease liability, current	1	1	691,992	575,496	801,797
Finance lease liability, current	1	—	2	844,297	—
Total current liabilities	300	172	160	112	113
Long-term bank borrowings	4	—	—	—	—
Deferred government grants, non-current	10	8	6	—	—
Product warranty provisions	446,553	420,688	522,574	—	—
Operating lease liability, non-current	2	2	475,302	607,222	876,323
Total liabilities	317	182	168	120	122
Commitments and contingencies	—	—	—	—	—
Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; 88,645,836 issued and outstanding as of December 31, 2025	88,646	90,083	90,063	89,135	88,849
Donated shares	8	14	14	14	14
Additional paid-in capital	249	248	247	246	—
Statutory reserves	3	1	1	—	—
Accumulated deficit	−134	−123	−134	−132	−122
Accumulated other comprehensive loss	−13	−15	−12	−8	2
Stockholders' equity (deficit) before Treasury Stock	113	126	117	122	137
Less: Treasury shares	—	−4	−4	−4	—
Total shareholders equity	113	122	113	117	133
Non-controlling interests	−3	−2	634,036	7	8
Total equity	109	120	113	124	141
Total liabilities and shareholders equity	426	302	281	244	263

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	10	8	10	8	4
Allowance for expected credit losses	−210,177	−264,181	1	—	—
Write-down of inventories	7	5	4	2	—
Share-based compensation	76,804	376,648	1	64,193	—
Loss on disposal of property, plant and equipment	53,434	428,308	544,481	8	9,642
Change in fair value of derivatives instruments	200,068	—	—	−6	−62
Gain on disposal of an equity investee	—	−45,749	—	—	—
Amortization of operating lease right-of-use assets	1	1	640,375	496,720	477,961
Trade and bills receivable	−4	−5	−3	21	19
Inventories	−34	6	11	−24	−12
Prepayments and other receivables	5	−12	−2	7	−4
Trade and bills payable	64	5	17	—	—
Accrued expenses and other payables and product warranty provisions	11	24	−2	—	—
Lease liabilities	197,097	−2	347,511	1	—
Trade receivable from and payables to a former subsidiary	8,305	61,379	5	−4	−2
Income tax recoverable	−184,685	549,956	157,434	—	—
Net cash provided by operating activities	49	40	47	15	−4
Deposit paid for acquisition of long-term investment	—	−9	−7	—	−1
Purchases of property, plant and equipment and construction in progress	−45	−17	−31	−12	−19
Proceeds on disposal of property, plant and equipment	149,201	215,320	1,139	282,164	—
Cash paid for acquiring equity interest of a subsidiary without change of control	−3	—	—	—	—
Proceeds from disposal of an equity method investee	—	278,114	—	4	—
Government subsidy	3	2	—	—	—
Acquisition of land use right	−1	—	—	—	−17
Net cash used in investing activities	−46	−23	−42	−8	−38
Proceeds from bank borrowings	51	46	36	22	—
Repayment of bank borrowings	−46	−52	−18	−15	−14
Repayment of borrowings from shareholders	—	−2,781	−258,316	−4,559	—
Proceeds from finance leases	—	1	2	—	—
Principal payments on finance leases	−116,857	−3	−884,911	−628,122	—
Repurchase of common stock	−2	—	—	—	—
Placement of term deposits	−39	−40	—	—	—
Withdrawal of term deposits	43	35	—	—	—
Net cash (used in) provided by financing activities	8	−12	19	6	48
Effect of exchange rate changes on cash and cash equivalents and restricted cash	4	−3	−1	−2	−237,775
Net increase in cash and cash equivalents and restricted cash	15	2	21	11	6
Transfer of construction in progress to property, plant and equipment	96	5	20	23	24
Lease liabilities arising from obtaining right-of-use assets	809,777	4	476,995	1	2
Income taxes	—	2	—	59,508	3,053
Interest, net of amounts capitalized	871,632	408,028	181,611	571,118	2

Filings

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Frequently asked questions

What is CBAK Energy Technology, Inc.'s CIK number?

CBAK Energy Technology, Inc.'s SEC CIK number is 0001117171 (1117171). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find CBAK Energy Technology, Inc.'s SEC filings?

All of CBAK Energy Technology, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did CBAK Energy Technology, Inc. last report earnings?

CBAK Energy Technology, Inc. (CBAT) most recently filed an earnings 8-K with the SEC on May 18, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001213900-26-058171). This is CBAK Energy Technology, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.

What is CBAK Energy Technology, Inc.'s most recent earnings 8-K?

CBAK Energy Technology, Inc.'s latest earnings 8-K (Item 2.02) was filed May 18, 2026 under accession 0001213900-26-058171. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

View CBAK Energy Technology, Inc.'s latest earnings 8-K →
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