Chinese battery maker CBAK Energy Q2 revenue falls 15%, swings to net loss

CBAK Energy Technology

18/08/2025 12:10

Overview

CBAK Energy Q2 2025 revenue falls 15% to $40.52 mln

Company reports Q2 net loss of $3.07 mln, compared to net income last year

Gross margin drops to 11% from 26.6% in Q2 2024

Outlook

CBAK Energy anticipates Nanjing Phase II growth acceleration by year-end

Company finalizing agreements with international customers for future growth

CBAK Energy sees gradual recovery as product portfolio transitions

Result Drivers

PRODUCT TRANSITION - Revenue decline attributed to transition from Model 26650 to Model 40135 at Dalian facilities

CAPACITY CONSTRAINTS - Nanjing facilities fully booked for Model 32140, prompting expansion to meet demand

EXPECTED RECOVERY - Anticipated recovery in Dalian and Nanjing facilities following product validation and capacity expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$40.52 mln
Q2 EPS
-$0.03
Q2 Net Income
-$3.07 mln
Q2 Gross Margin
11.0%
Q2 Operating Income
-$3.53 mln


Analyst Coverage

Wall Street's median 12-month price target for CBAK Energy Technology Inc is $1.50, about 34.1% above its August 15 closing price of $0.99

Press Release: ID:nGNX1T3FjR

(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.)