CBAK Energy Technology, Inc. Investor Presentation March 2024 (NASDAQ: CBAT) Disclaim ...

DALIAN, China, March 15, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter of 2023 Financial Highlights Net revenues from sales of batteries were $36.8 million, an increase of 30.9% from $28.1 million in the same period of 2022. -    Net revenues ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: December 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________to _____________ Commission File No. 001-32898 CBAK ENERGY TECHNOLOGY, INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- | |------- ...

Exhibit 99.1 CBAK Energy Reports Fourth Quarter and Full Year 2023 Unaudited Financial Results DALIAN, China, March 15, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy," or the "Company") a leading lithium-ion battery manufacturer and electric energy solution provider in China, today reported its unaudited financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter of 2023 Financial Highlights ● Net revenues from sales of batteries were $36.8 ...

DALIAN, China, March 6, 2024 /PRNewswire/ -- CBAK Energy Technology, Inc. (NASDAQ: CBAT) ("CBAK Energy", or the "Company"), a leading lithium-ion battery manufacturer and electric energy solution provider in China, today announced that it will report its unaudited financial results for the fourth quarter and full year ended December 31, 2023 on Friday, March 15, 2024, before the U.S. market opens. The earnings results will be available on the Company's Investor Relations website, and will be filed with the ...

Financial Data and Key Metrics - Battery business revenue in Q3 2023 reached $44.33 million, a 71.51% YoY increase [4] - Operating income for Q3 2023 was $7.58 million, with net income at $7.77 million, 6.3 times higher than the same period last year [4] - Gross margin for the battery business in Q3 2023 was 26.4%, up 17.7 percentage points from 8.7% in Q3 2022 [14] - Net revenue for Q3 2023 was $63.4 million, a 9.9% increase from $57.7 million in Q3 2022 [14] - Gross profit in Q3 2023 was $12.2 million, a 264% increase from $3.5 million in Q3 2022 [15] Business Line Data and Key Metrics - Revenue from energy storage applications was $42.81 million, a 73.5% YoY increase [5] - Revenue from electric vehicle batteries was $0.4 million, a 19.5x YoY increase [5] - Revenue from light electric vehicle batteries was $1.11 million, down 2.8% YoY [5] - Total battery business revenue for the first nine months of 2023 was $96.16 million, a 44.43% YoY increase [5] Market Data and Key Metrics - Orders from key clients in Europe and the US have shown exceptional stability and sustainability [6] - As of November 1, 2023, the company had approximately RMB900 million in unfulfilled orders across its Dalian and Nanjing facilities [6] - Orders from PowerOak totaled around RMB43.2 million, while orders from JinPeng Group amounted to roughly RMB63.59 million [7] - Orders from Viessmann Group totaled EUR116.5 million from the beginning of 2023 to November 1 [8] - Orders from Anker Innovations amounted to RMB58.35 million, with expectations of monthly orders in the future [8] Company Strategy and Industry Competition - The company is focusing on meeting prime clients with scale, investing in production capacity and R&D [9] - The Dalian and Nanjing facilities have reached a production capacity of one gigawatt hour [9] - The company is developing new lithium battery models (46115 and 46157) with higher energy density and extended lifespan [9] - The company plans to expand the production capacity for the 46 series batteries to 15 gigawatt hours at the Dalian facility [10] - The company is the only one in China capable of mass-producing sodium-ion batteries, with plans to build a plant with a target capacity of 10 gigawatt hours [11] Management Commentary on Operating Environment and Future Outlook - The company is confident in sustaining robust performance and profit growth despite global economic slowdown [6] - The company expects to finalize private equity financing for the sodium-ion battery plant soon [11] - The company aims to achieve a twin-engine growth model with 36 gigawatt hours of lithium battery capacity and 10 gigawatt hours of sodium-ion battery capacity [12] Other Important Information - The company has engaged in discussions with major customers from Europe and the US regarding various operations, including product supply [8] - The company’s R&D expenses increased by 8.1% to $2.6 million in Q3 2023 [15] - Sales and marketing expenses increased by 33.8% to $1.1 million in Q3 2023 [15] - General and administrative expenses increased by 73.7% to $3.2 million in Q3 2023 [16] Q&A Session Summary Question: Growth in the uninterruptible power business - The growth in Q3 2023 was driven by both existing customers increasing orders and new customer contributions [18] Question: Update on the raw material business - The raw material industry is experiencing a slowdown, but the company believes Hitrans will improve sharply once the industry recovers [20] Question: Sodium-ion battery technology and project progress - The company released its first sodium-ion battery product in June 2023 and is the first in China to achieve mass production [23] - The company is selecting a location for the sodium-ion battery production line and plans to expand capacity to 10 gigawatt hours next year [24] Question: Partnership with Anker Innovations - Anker Innovations has started pilot production with the company’s batteries, and the order volume is expected to increase to 800,000-1.2 million items with an order value of about RMB14 million [26]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32898 CBAK ENERGY TECHNOLOGY, INC. (Exact Name of Registrant as Specified in Its Charter) | --- | ...

CBAK Energy Technology, Inc. (NASDAQ:CBAT) Q2 2023 Results Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Thierry Li - Investor Relations Director Yunfei Li - Chief Executive Officer Xiangyu Pei - Interim Chief Financial Officer Conference Call Participants Brian Lantier - Zacks Small Cap Research Operator Good day, ladies and gentlemen. Thank you for standing by. And welcome to CBAT Energy Technology's Second Quarter and First Half 2023 Earnings Conference Call. Currently, all part ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32898 CBAK ENERGY TECHNOLOGY, INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10−Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number: 001-32898 CBAK ENERGY TECHNOLOGY, INC. (Exact Name of Registrant as Specified in Its Charter) | --- | --- ...