China's CBAK Energy Q4 revenue jumps 132%, helped by LEV, raw materials

CBAK Energy Technology

30/03/2026 11:12

Overview

China lithium-ion battery maker's Q4 revenue surged 132% yr/yr, driven by LEV and raw materials

Gross margin for Q4 fell to 7.3% amid high ramp-up costs for new production lines

Company posted Q4 net loss as margin compression outweighed revenue growth

Outlook

Company projects record-high consolidated sales in 2026 driven by strong battery cell demand

Company expects gross margins to recover sequentially as production yields optimize and economies of scale are realized

Result Drivers

LEV BATTERY SALES - Co said Q4 LEV battery revenue surged 524% yr/yr, driven by expansion into India, Vietnam and Africa

RAW MATERIALS PRICING - Q4 battery raw materials segment revenue jumped 944% yr/yr, reflecting a rebound in raw material prices and strong downstream demand

RAMP-UP COSTS - Margin compression in Q4 was driven by high costs and inefficiencies during ramp-up of new production lines at Dalian and Nanjing

Company press release: ID:nGNX67FpNV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$58.80 mln
Q4 Net Income
-$7.38 mln
Q4 Gross Margin
7.30%
Q4 Operating Income
-$8.01 mln


Analyst Coverage

Wall Street's median 12-month price target for CBAK Energy Technology Inc is $1.50, about 84% above its March 27 closing price of $0.82

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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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.)