CBAK Energy Tech | 8-K: FY2025 Q2 Revenue Beats Estimate at USD 40.52 M

Revenue: As of FY2025 Q2, the actual value is USD 40.52 M, beating the estimate of USD 33.56 M.

EPS: As of FY2025 Q2, the actual value is USD -0.03, beating the estimate of USD -0.04.

EBIT: As of FY2025 Q2, the actual value is USD -3.36 M.

Segment Revenue

• Net Revenues: For the second quarter of 2025, net revenues were $40.52 million, a decrease of 15% from $47.79 million in the same period of 2024. For the first half of 2025, net revenues were $75.46 million, a 29.2% decrease from $106.62 million in the same period of 2024.

Operational Metrics

• Gross Profit: In the second quarter of 2025, gross profit was $4.46 million, down 64.95% from $12.73 million in the same period of 2024. The gross margin was 11%, compared to 26.6% in the same period of 2024. For the first half of 2025, gross profit was $9.26 million, a decrease of 70.6% from $31.5 million in the same period of 2024, with a gross margin of 12.28% compared to 29.5% in 2024.
• Operating Loss: The operating loss for the second quarter of 2025 was $3.53 million, compared to an operating income of $5.95 million in the same period of 2024. For the first half of 2025, the operating loss was $6.4 million, compared to an operating income of $16.2 million in the same period of 2024.
• Net Loss: The net loss attributable to shareholders for the second quarter of 2025 was $3.07 million, compared to a net income of $6.45 million in the same period of 2024. For the first half of 2025, the net loss was $4.65 million, compared to a net income of $16.3 million in the same period of 2024.

Cash Flow

• Cash and Cash Equivalents: As of June 30, 2025, cash and cash equivalents were $5.68 million, down from $6.72 million as of December 31, 2024.

Unique Metrics

• Battery Business Revenue: In the second quarter of 2025, net revenues from the battery business were $21.09 million, a decrease of 40.8% from $35.6 million in the same period of 2024. For the first half of 2025, net revenues from the battery business were $41.45 million, a decrease of 48.5% from $80.44 million in the same period of 2024.

Outlook / Guidance

• CBAK Energy anticipates a gradual recovery beginning in Q4 2025 as the Dalian facilities start mass production of Model 40135 and the Nanjing facilities expand capacity for Model 32140. The company is confident in a solid recovery in financial performance and is close to finalizing agreements with several internationally renowned customers.