CBAK Energy Technology, Inc. Earnings Per Share Disclosure
| 27. | Income (Loss) Per Share |
Basic EPS is computed by dividing net income by the weighted average number of common shares outstanding for the period. Diluted EPS is computed similar to basic net income per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if all the potential common shares pertaining to warrants, stock options, and similar instruments had been issued and if the additional common shares were dilutive. Diluted earnings per share are based on the assumption that all dilutive convertible shares and stock options and warrants were converted or exercised. Dilution is computed by applying the treasury stock method for the outstanding unvested restricted stock, options and warrants, and the if-converted method for the outstanding convertible instruments. Under the treasury stock method, options and warrants are assumed to be exercised at the beginning of the period (or at the time of issuance, if later) and as if funds obtained thereby were used to purchase common stock at the average market price during the period. Under the if-converted method, outstanding convertible instruments are assumed to be converted into common stock at the beginning of the period (or at the time of issuance, if later).
The following is the calculation of income (loss) per share:
| Year ended December 31, 2024 |
Year ended December 31, 2025 |
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| Net income (loss) | $ | 9,585,150 | $ | (10,951,935 | ) | |||
| Less: Net loss attributable to non-controlling interests | 2,204,882 | 1,573,816 | ||||||
| Net income (loss) attributable to shareholders of CBAK Energy Technology, Inc. | 11,790,032 | (9,378,119 | ) | |||||
| Weighted average shares outstanding -basic (note) | 89,928,357 | 89,247,119 | ||||||
| Dilutive unvested shares unit | 229,955 | |||||||
| Weighted average shares outstanding–- diluted | 90,158,312 | 89,247,119 | ||||||
| Income (loss) per share | ||||||||
| - Basic | $ | 0.13 | $ | (0.10 | ) | |||
| - Diluted | $ | 0.13 | $ | (0.10 | ) | |||
| Note: | Including 5,384 vested restricted shares granted pursuant to the 2015 Plan that were not yet issued |
For the years ended December 31, 2024 and 2025, unvested options were anti-dilutive and excluded from shares used in the diluted computation.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Mar 31, 2026 | Showing above |
| 2024 | Mar 17, 2025 | |
| 2023 | Mar 15, 2024 | |
| 2022 | Apr 14, 2023 | |
| 2016 | Jan 13, 2017 | |
| 2015 | Jan 13, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.