CBAK Energy Tech | 8-K: 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.

Financial Metrics by Segment

Segment Revenue

• CBAK Energy Technology, Inc. operates in two segments: CBAK and Hitrans.

Net Revenues

• For the third quarter of 2025, net revenues reached $60.92 million, a 36.5% increase from $44.63 million in the prior-year period.
• Net revenues from the battery raw materials segment, Hitrans, were $27.22 million, up 143.7% from $11.17 million in the same period of 2024.

Net Income

• Net income attributable to CBAK Energy Technology Inc. was $2.65 million, a 150.2-fold increase from $17,647 in the same period in 2024.
• Net income from the battery business was $4.53 million, up 122.7% from $2.04 million in the same period of 2024.
• Net loss from the battery raw materials segment narrowed to $2.10 million, an 18.8% improvement from $2.60 million in the same period of 2024.

Gross Profit and Margin

• Gross profit for the third quarter was $4.9 million, a decrease of 29.9% from $6.95 million in the same period of 2024.
• Gross margin was 8%, compared to 15.6% in the same period of 2024.

Operating Loss

• Operating loss for the third quarter amounted to $4.03 million, compared to an operating loss of $0.83 million in the same period of 2024.

First Nine Months of 2025

• Net revenues were $136.39 million, a decrease of 9.8% compared to $151.24 million in the same period of 2024.
• Net revenues from the battery business were $75.16 million, down 34.0% from $113.90 million in the same period of 2024.
• Net revenues from the battery raw materials segment, Hitrans, were $61.23 million, up 63.9% from $37.35 million in the same period of 2024.
• Gross profit was $14.14 million, a decrease of 63.2% from $38.46 million in the same period of 2024.
• Gross margin was 10.4%, compared to 25.4% in the same period of 2024.
• Operating loss amounted to $10.43 million, compared to an operating income of $15.38 million in the same period of 2024.
• Net loss attributable to shareholders of CBAK Energy was $2.00 million, compared to net income attributable to shareholders of CBAK Energy of $16.30 million in the same period of 2024.

Outlook / Guidance

• The company expects the sales performance of its battery business to rebound with the commencement of production of upgraded new products announced in October.
• The newly launched Model 40135 production line in Dalian is expected to contribute an additional 2.3 GWh of annual capacity, while the soon-to-commence Nanjing production lines will add a further 2 GWh for the Model 32140.
• The company is confident that the expansion of production capacity will enhance its ability to capture market opportunities, strengthen its competitive position, and drive sustainable, high-quality growth in the year ahead.