# CBAK Energy Technology Inc. (CBAT)

**Exchange:** NASDAQ  
**Sector:** Industrials  
**Market cap:** $66M  
**Price:** $0.74 (+1.40%)

> CBAK Energy Technology Inc. is a prominent player in the battery manufacturing industry, focusing on the development and production of high-power lithium batteries. These batteries are integral to a range of applications, most notably in electric vehicles (EVs), which are increasingly important in the global transition towards sustainable energy solutions. Additionally, CBAK's products are used in energy storage systems, light electric vehicles, and backup power supplies. Headquartered in Dalian, China, the company pioneers in delivering innovative energy solutions that support the worldwide push towards green energy. CBAK Energy's role in the financial market is accentuated by the rising demand for electric mobility and renewable energy technologies, positioning it as a key contributor to the energy sector's evolution. The company continues to enhance its battery technologies to meet the growing requirements of both consumer and industrial markets, playing a crucial role in reducing global carbon emissions.

## Income Statement (Annual, USD)

| Fiscal Year | Revenue | Gross Profit | Operating Income | Net Income | EPS (dil.) |
| --- | --- | --- | --- | --- | --- |
| 2025 | $195M | $18M | -$18M | -$9M | — |
| 2024 | $177M | $42M | $9M | $12M | — |
| 2023 | $204M | $32M | -$7M | -$2M | — |
| 2022 | $249M | $18M | -$12M | -$9M | — |
| 2021 | $53M | $5M | -$12M | $61M | — |
| 2020 | $38M | $3M | -$8M | -$8M | — |
| 2019 | $22M | $622,526 | -$10M | -$11M | — |
| 2018 | $24M | -$3M | -$13M | -$2M | — |
| 2017 | $58M | -$10M | -$21M | -$21M | — |
| 2016 | $10M | -$2M | -$12M | -$13M | — |
| 2015 | $23M | — | — | — | — |
| 2015 | $14M | $949,861 | -$4M | $16M | — |
| 2014 | $123M | $10M | -$11M | $38M | — |
| 2013 | $186M | -$17M | -$101M | -$116M | — |
| 2012 | $206M | $1M | -$54M | -$66M | — |

## Balance Sheet (Annual, USD)

| Fiscal Year | Total Assets | Total Liabilities | Equity | Cash | Long-term Debt |
| --- | --- | --- | --- | --- | --- |
| 2025 | $426M | $317M | $113M | $8M | $4M |
| 2024 | $302M | $182M | $122M | $7M | — |
| 2023 | $281M | $168M | $113M | $5M | — |
| 2022 | $244M | $120M | $117M | $7M | — |
| 2021 | $263M | $122M | $133M | $7M | — |
| 2020 | $143M | $90M | $52M | $12M | — |
| 2019 | $96M | $82M | $14M | $2M | — |
| 2018 | $128M | $127M | $315,322 | $449,670 | — |
| 2017 | $153M | $151M | $2M | $2M | — |
| 2016 | $93M | $78M | $15M | $2M | — |
| 2015 | $64M | $45M | $19M | $80,711 | — |
| 2015 | $63M | $42M | $22M | $7M | — |
| 2014 | $44M | $48M | -$4M | $991,519 | — |
| 2013 | $341M | $384M | -$43M | $14M | — |
| 2012 | $447M | $376M | $72M | $9M | — |

## Cash Flow (Annual, USD)

| Fiscal Year | Operating Cash Flow | CapEx | Free Cash Flow |
| --- | --- | --- | --- |
| 2025 | $49M | $45M | $4M |
| 2024 | $40M | $17M | $23M |
| 2023 | $47M | $31M | $15M |
| 2022 | $15M | $12M | $3M |
| 2021 | -$4M | $19M | -$23M |
| 2020 | -$5M | $6M | -$11M |
| 2019 | -$21M | $2M | -$24M |
| 2018 | $9M | $7M | $1M |
| 2017 | $6M | $12M | -$6M |
| 2016 | -$14M | $6M | -$20M |
| 2015 | -$2M | $13M | -$15M |
| 2014 | -$29M | $10M | -$39M |
| 2013 | $24M | $13M | $11M |
| 2012 | $5M | $20M | -$15M |
| 2011 | $35M | $32M | $4M |

Source: [CompaniesByCap](https://companiesbycap.com/company/CBAT)