<span item_type="fundamental" item_id="8ec5c3c30d832a91c2ac08b637760c03" counter_id="ST/US/CBAT" env="prod"></span><span item_type="announcement" item_id="550760724548885121" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 40.52 M, beating the estimate of USD 33.56 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.03, beating the estimate of USD -0.04.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -3.36 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Net Revenues</strong>: For the second quarter of 2025, net revenues were $40.52 million, a decrease of 15% from $47.79 million in the same period of 2024. For the first half of 2025, net revenues were $75.46 million, a 29.2% decrease from $106.62 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: In the second quarter of 2025, gross profit was $4.46 million, down 64.95% from $12.73 million in the same period of 2024. The gross margin was 11%, compared to 26.6% in the same period of 2024. For the first half of 2025, gross profit was $9.26 million, a decrease of 70.6% from $31.5 million in the same period of 2024, with a gross margin of 12.28% compared to 29.5% in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li><li><strong>Operating Loss</strong>: The operating loss for the second quarter of 2025 was $3.53 million, compared to an operating income of $5.95 million in the same period of 2024. For the first half of 2025, the operating loss was $6.4 million, compared to an operating income of $16.2 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li><li><strong>Net Loss</strong>: The net loss attributable to shareholders for the second quarter of 2025 was $3.07 million, compared to a net income of $6.45 million in the same period of 2024. For the first half of 2025, the net loss was $4.65 million, compared to a net income of $16.3 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Cash and Cash Equivalents</strong>: As of June 30, 2025, cash and cash equivalents were $5.68 million, down from $6.72 million as of December 31, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Battery Business Revenue</strong>: In the second quarter of 2025, net revenues from the battery business were $21.09 million, a decrease of 40.8% from $35.6 million in the same period of 2024. For the first half of 2025, net revenues from the battery business were $41.45 million, a decrease of 48.5% from $80.44 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>CBAK Energy anticipates a gradual recovery beginning in Q4 2025 as the Dalian facilities start mass production of Model 40135 and the Nanjing facilities expand capacity for Model 32140. The company is confident in a solid recovery in financial performance and is close to finalizing agreements with several internationally renowned customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1117171/000121390025077707/ea025310601ex99-1_cbak.htm"></span></li></ul>

CBAK Energy Tech | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 40.52 M