CBAK Energy Q3 revenue rises, boosted by battery raw materials segment

CBAK Energy Technology

10/11/2025 11:08

Overview

CBAK Energy Q3 revenue grows 36.5% yr/yr, driven by battery raw materials segment

Net income for Q3 increases significantly, driven by battery business profitability

Company faces declining gross margin and operating loss due to product transition

Outlook

CBAK Energy expects growth from new production lines starting mid-November

Company anticipates continued favorable conditions from rising raw material prices

CBAK Energy sees strong demand for upgraded Model 40135

Result Drivers

RAW MATERIALS RECOVERY - Co attributes revenue growth to recovery in battery raw materials industry and rising prices

MODEL 32140 DEMAND - Strong demand for Model 32140 drives battery business net income growth despite supply constraints

PRODUCT TRANSITION IMPACT - Transition to upgraded Model 40135 affects gross margins due to higher costs of legacy Model 26650

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$60.92 mln
Q3 Net Income
$2.65 mln
Q3 Gross Margin
8.00%
Q3 Operating Income
-$4.03 mln


Analyst Coverage

Wall Street's median 12-month price target for CBAK Energy Technology Inc is $1.50, about 41.4% above its November 7 closing price of $0.88

Press Release: ID:nGNX8ygxWN

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)