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CBAK Energy Technology Inc (CBAT)
NASDAQ:CBAT
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 17, 2025
|% Change Since: -4.71%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong profitability and growth in the battery segment, with significant gross profit and net income increases. However, challenges in the raw materials segment and declining consolidated net revenues present concerns. Overall, the positive performance in the core battery business outweighs the lowlights.Company Guidance
In the call, CBAK Energy Technology reported a modest increase in net revenues for their battery segment by 2.7%, reaching $136.59 million for 2024. Despite the moderate revenue growth, their gross profit surged by 37.58%, while the gross profit margin expanded significantly to 31.5%, up from 23.75% in 2023. Net income for the battery segment also increased by 39.08%, totaling $19.43 million compared to $13.97 million in the previous year. The company is addressing high demand for their model 32140 cylindrical cell by commissioning new production lines in Nanjing, expected to add 3 gigawatt hours of capacity by the end of 2025. Additionally, they are upgrading their Dalian facility to introduce the model 40135 battery, adding 2.3 gigawatt hours of capacity. With these expansions, CBAK anticipates substantial revenue growth starting in 2026. The company also plans to establish an overseas factory to mitigate geopolitical risks and tariffs, aiming to supply customers by 2026. Overall, despite challenges in their raw materials unit, CBAK remains confident in their battery segment's profitability and future growth.Significant Increase in Gross Profit
The gross profit for the battery segment surged by 37.58%, increasing from $31.58 million to $43.05 million. The gross profit margin expanded significantly to 31.5% compared to 23.75% in 2023.
Strong Net Income Growth
Net income for the battery segment increased by 39.08%, from $13.97 million in 2023 to $19.43 million in 2024.
Capacity Expansion Plans
To meet the strong demand, two new production lines for the model 32140 in Nanjing and an upgrade in Dalian are expected to add a total of 5.3 gigawatt hours of production capacity by the end of 2025.
High Demand for Model 32140
The model 32140 cylindrical cell has a strong demand, holding a 19% global market share.
Improved Consolidated Gross Profit
Despite a decline in net revenues, the consolidated gross profit rose by 31.68%, reaching $41.75 million, with a gross profit margin of 23.7%.
Promising Order Book
Significant orders from key clients, including Anker ($51.82 million) and Viessmann Group ($231.2 million), demonstrating strong future demand.
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CBAT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CBAT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 17, 2025 | $0.85 | $0.85 | 0.00% |
| Nov 12, 2024 | $1.02 | $0.98 | -3.92% |
| Aug 09, 2024 | $1.05 | $1.01 | -3.81% |
| May 10, 2024 | $1.11 | $1.14 | +2.70% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CBAK Energy Technology Inc (CBAT) report earnings?
CBAK Energy Technology Inc (CBAT) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is CBAK Energy Technology Inc (CBAT) earnings time?
CBAK Energy Technology Inc (CBAT) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CBAT EPS forecast?
CBAT EPS forecast for the fiscal quarter 2025 (Q1) is 0.
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