CBAK Energy Tech | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 60.92 M

Revenue: As of FY2025 Q3, the actual value is USD 60.92 M, beating the estimate of USD 39.27 M.

EPS: As of FY2025 Q3, the actual value is USD 0.03.

EBIT: As of FY2025 Q3, the actual value is USD -3.814 M.

Segment Revenue

• CBAK Segment: Net revenues for the three months ended September 30, 2025, were $33.7 million, compared to $33.5 million for the same period in 2024.
• Hitrans Segment: Net revenues for the three months ended September 30, 2025, were $27.2 million, compared to $11.2 million for the same period in 2024.

Operational Metrics

• Gross Profit: For the three months ended September 30, 2025, gross profit was $4.9 million, a decrease from $7.0 million for the same period in 2024.
• Operating Loss: Operating loss for the three months ended September 30, 2025, was $4.0 million, compared to $0.8 million for the same period in 2024.
• Net Income: Net income for the three months ended September 30, 2025, was $2.7 million, compared to $0.02 million for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: $18.7 million for the nine months ended September 30, 2025, compared to $30.1 million for the same period in 2024.
• Net Cash Used in Investing Activities: $29.1 million for the nine months ended September 30, 2025, compared to $20.1 million for the same period in 2024.
• Net Cash Provided by Financing Activities: $10.2 million for the nine months ended September 30, 2025, compared to net cash used of $21.5 million for the same period in 2024.

Unique Metrics

• Materials Used in Manufacturing of Lithium Batteries: Revenue increased to $27.2 million for the three months ended September 30, 2025, from $11.2 million for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company is expanding its production lines and manufacturing capacity in Dalian, Nanjing, Zhejiang, and Anhui, requiring additional funding. Plans to raise funds through bank borrowings and equity financing are in place to meet daily cash demands.
• Non-Core Business: The company is focusing on upgrading its product portfolio at the Dalian facilities, transitioning from Model 26650 to Model 40135 to meet market preferences.