CBAK Energy Technology, Inc.
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $8.3M+23.4% | $6.7M+44.8% | $4.6M-28.8% | $6.5M-11.4% | $7.4M |
| Pledged deposits | $67.4M+24.6% | $54.1M-0.2% | $54.2M+75.7% | $30.8M+62.3% | $19.0M |
| Term deposits | $4.2M | — | — | — | — |
| Trade and bills receivable, net | $38.4M+16.6% | $32.9M+15.0% | $28.7M+4.5% | $27.4M-45.1% | $49.9M |
| Inventories | $50.6M+121.4% | $22.9M-31.6% | $33.4M-32.4% | $49.4M+64.1% | $30.1M |
| Prepayments and other receivables | $15.2M-24.2% | $20.0M+168.2% | $7.5M+26.1% | $5.9M-53.6% | $12.7M |
| Receivables from former subsidiary | $4K-64.6% | $12K-83.5% | $75K-98.6% | $5.5M+143.7% | $2.3M |
| Income tax recoverable | $778K+37.4% | $566K | — | — | $47K |
| Total current assets | $180.6M+27.8% | $141.4M+10.1% | $128.4M+2.2% | $125.7M+2.3% | $122.8M |
| Property, plant and equipment, net | $179.1M+109.5% | $85.5M-6.7% | $91.6M+1.8% | $90.0M-0.0% | $90.0M |
| Construction in progress | $32.0M-24.6% | $42.5M+12.5% | $37.8M+279.7% | $10.0M-63.6% | $27.3M |
| Long-term investments, net | $2.5M+10.6% | $2.2M-12.4% | $2.6M+171.4% | $945K+32.6% | $713K |
| Prepaid land use rights | $12.3M+11.1% | $11.1M-5.4% | $11.7M-5.2% | $12.4M-10.4% | $13.8M |
| Intangible assets, net | $72K-81.3% | $383K-54.5% | $841K-35.7% | $1.3M-33.3% | $2.0M |
| Deposit paid for acquisition of long-term investments | $16.5M+4.0% | $15.9M+123.4% | $7.1M | — | — |
| Operating lease right-of-use assets, net | $3.1M-5.2% | $3.2M+198.6% | $1.1M-14.2% | $1.3M-35.7% | $2.0M |
| Total assets | $426.2M+41.0% | $302.2M+7.5% | $281.2M+15.2% | $244.0M-7.1% | $262.6M |
| Trade and bills payable | $153.3M+81.0% | $84.7M+2.8% | $82.4M+22.1% | $67.5M+3.2% | $65.4M |
| Short-term bank borrowings | $28.5M+9.4% | $26.1M-19.9% | $32.6M+118.6% | $14.9M+69.2% | $8.8M |
| Other short-term loans | $337K+0.4% | $336K-1.1% | $340K-50.7% | $689K-85.3% | $4.7M |
| Accrued expenses and other payables | $113.7M+95.0% | $58.3M+38.8% | $42.0M+64.0% | $25.6M+11.5% | $23.0M |
| Payable to a former subsidiary, net | $408K-2.9% | $420K+2.1% | $411K+14.8% | $358K+9.7% | $327K |
| Deferred government grants, current | $579K+4.0% | $556K+48.2% | $375K-71.1% | $1.3M-66.1% | $3.8M |
| Product warranty provisions | $447K+6.1% | $421K-19.5% | $523K+16.0% | $451K-76.3% | $1.9M |
| Operating lease liability, current | $1.3M+6.3% | $1.3M+83.3% | $692K+20.2% | $575K-28.2% | $802K |
| Finance lease liability, current | $1.3M | — | — | $844K | — |
| Total current liabilities | $299.8M+74.6% | $171.7M+7.0% | $160.5M+43.4% | $111.9M-0.7% | $112.8M |
| Long-term bank borrowings | $4.1M | — | — | — | — |
| Deferred government grants, non-current | $10.2M+34.5% | $7.6M+22.2% | $6.2M+11.2% | $5.6M-9.9% | $6.2M |
| Operating lease liability, non-current | $2.1M-14.5% | $2.4M+415.3% | $475K-21.7% | $607K-30.7% | $876K |
| Total liabilities | $316.7M+73.9% | $182.2M+8.6% | $167.7M+40.2% | $119.7M-1.7% | $121.7M |
| Common stock $0.001 par value; 500,000,000 authorized; 90,083,396 issued and 89,939,190 outstanding as of December 31, 2024; 88,645,836 issued and outstanding as of December 31, 2025 | $89K-1.6% | $90K+0.0% | $90K+1.0% | $89K+0.3% | $89K |
| Donated shares | $8.0M-43.6% | $14.1M+0.0% | $14.1M+0.0% | $14.1M+0.0% | $14.1M |
| Additional paid-in capital | $248.5M+0.3% | $247.8M+0.2% | $247.5M+0.5% | $246.2M+1.8% | $241.9M |
| Statutory reserves | $3.0M+147.3% | $1.2M+0.0% | $1.2M+0.0% | $1.2M+0.0% | $1.2M |
| Accumulated deficit | -$133.8M-9.1% | -$122.6M+8.8% | -$134.4M-1.9% | -$131.9M-7.7% | -$122.5M |
| Accumulated other comprehensive loss | -$13.1M+12.1% | -$14.9M-28.6% | -$11.6M-42.3% | -$8.2M-427.6% | $2.5M |
| Stockholders' equity (deficit) before Treasury Stock | $112.7M-10.4% | $125.7M+7.6% | $116.9M-3.8% | $121.6M-11.5% | $137.4M |
| Less: Treasury shares | -$4.1M | — | -$4.1M+0.0% | -$4.1M+0.0% | -$4.1M |
| Total shareholders’ equity | $112.7M-7.4% | $121.7M+7.8% | $112.8M-4.0% | $117.5M-11.9% | $133.3M |
| Non-controlling interests | -$3.2M-99.2% | -$1.6M-353.3% | $634K-90.8% | $6.9M-9.3% | $7.6M |
| Total equity | $109.5M-8.8% | $120.1M+5.8% | $113.5M-8.8% | $124.4M-11.7% | $140.9M |
| Total liabilities and shareholder’s equity | $426.2M+41.0% | $302.2M+7.5% | $281.2M+15.2% | $244.0M-7.1% | $262.6M |
Source: SEC EDGAR XBRL. % change vs prior period shown where available.
CBAK Energy reported Q1 2026 revenue of $69.62 million, a 99.3% year-over-year increase, driven by capacity ramp-up and international LEV sales growth
“With newly added production capacity gradually coming online, our sales volume has grown significantly and will position our battery business on track to deliver unprecedented annual sales this year.”
No Form 4 transactions on record.
Informational purposes only, not investment advice.