CBAT

DALIAN, China, May 18, 2026 (GLOBE NEWSWIRE) -- 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 first quarter ended March 31, 2026. First Quarter of 2026 Financial and Operational Highlights Management Remarks Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “As we noted in previous quarters, the Company has been experiencing strong customer demand and, at times, capacity constraints for certain products. With newly added production capacity gradually coming online as ramp-up continues, our sales volume has grown significantly. In addition, our market presence in key growth markets, including India, Vietnam and Africa, has continued to strengthen, which will position our battery business on track to deliver unprecedented annual sales this year. At the same time, supported by rising raw material prices, Hitrans, our raw materials production unit, has maintained strong growth momentum for three consecutive quarters. We expect Hitrans to achieve record-high net revenues since its acquisition by the Company in 2021, along with a solid profitability performance.” Jiewei Li, Director and Chief Financial Officer of CBAK Energy, added, “From a financial perspective, the Company delivered near-doubling top-line growth, reflecting strong market demand for our products. As our CEO noted, rising raw material prices have created a favorable operating environment for Hitrans. Conversely, our battery segment experienced short-term gross margin pressure during the first quarter, as the pass-through of higher raw material costs to customers is still in progress and takes time to implement. In addition, the Company’s three newly added production lines — one Model 40135 production line at our Dalian facility and two Model 32140 production lines at our Nanjing facility — remain in the ramp-up stage, during which unit production costs are typically higher. As these lines are expected to complete their ramp-up in the second half of this year and pricing adjustments in response to higher raw material costs gradually take effect, we expect the battery segment’s gross margin to improve.” First Quarter 2026 Financial Results Net revenues for the first quarter of 2026 were $69.62 million, representing a 99.3% increase compared to $34.94 million in the first quarter of 2025. Detailed revenues from our Battery Business and Hitrans segment in the first quarter are as follows: Net revenues from the Battery Business were $37.52 million in the first quarter of 2026, an increase of 84.3% from $20.36 million in the first quarter of 2025. The Company successfully drove explosive international growth, with revenues from Light Electric Vehicles (LEV) skyrocketing by 441.6% to $15.41 million, up from $2.84 million in Q1 2025, underscoring the strong global appetite for the Company’s products. Net revenues from the Hitrans segment were $32.10 million in the first quarter of 2026, a massive 120.2% surge from $14.58 million in the first quarter of 2025. This hyper-growth directly reflects the expanding market share and strong pricing power in the raw materials sector. Cost of revenues for the first quarter of 2026 was $68.58 million, an increase of 127.6% compared to $30.14 million in the first quarter of 2025. Gross profit for the first quarter of 2026 was $1.04 million, representing a gross margin of 1.5%, compared to a gross profit of $4.80 million and a margin of 13.7% in the first quarter of 2025. The temporary decline in gross margin was primarily attributable to higher unit production costs during the ramp-up stage of the Company’s newly added production capacity. In addition, the rapid increase in raw material costs has not yet been fully passed through to customers. However, as the new capacity matures and is more fully utilized, and as pricing adjustments in response to higher raw material costs gradually take effect, the Company expects to benefit from greater economies of scale, higher sales revenue and a recovery in margins. Research and development (R&D) expenses in the first quarter were aggressively expanded to $4.20 million, compared to $3.02 million in the prior year period. This proactive increase primarily resulted from the expanded use of materials and consumables for the development of next-generation series 60 batteries, along with strategic investments in talent acquisition at CBAK Power and Nanjing CBAK to secure technological leadership. Sales and marketing expenses were $2.00 million in the first quarter, compared to $0.90 million in the first quarter of 2025. This targeted increase was largely driven by a $0.5 million increase in delivery charges, directly supporting the highly successful overseas sales expansion. General and administrative (G&A) expenses were $4.51 million in the first quarter, up from $3.80 million in Q1 2025, absorbing the heightened personnel, utilities, and trial-run administrative overhead associated with capacity expansion efforts in Dalian and Nanjing. Operating loss for the first quarter of 2026 was $9.70 million, compared to an operating loss of $2.86 million in the first quarter of 2025. Net loss attributable to shareholders of CBAK Energy for the first quarter of 2026 was $9.29 million, compared to a net loss of $1.58 million in the first quarter of 2025. Liquidity and Capital Resources As of March 31, 2026, the Company had cash and cash equivalents and restricted cash of $98.60 million, compared to $47.53 million as of March 31, 2025. Net cash provided by operating activities was an impressive $22.28 million for the three months ended March 31, 2026. This robust operating cash flow successfully supported a $26.8 million strategic inventory build-up to meet surging upcoming demand. Capital expenditures for the quarter were $11.8 million. The earnings release is available at ir.cbak.com.cn About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn Safe Harbor Statement This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, the effects of global economic conditions, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company's products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: CBAK Energy Technology, Inc. Investor Relations Department Email: [email protected]

Management characterized 2025 as a definitive transitional period defined by a structural upgrade of the product portfolio and a pivot toward next-generation battery form factors. Performance was driven by a paradigm shift at the Dalian facility, where customers are transitioning from legacy 26-series cells to the newly introduced Model 40135 units. The company successfully commissioned 2.3 GWh of 40135 capacity at Dalian and 3.0 GWh of 32140 capacity at Nanjing Phase II to address demand that currently far exceeds available supply. Short-term profitability was intentionally suppressed by higher unit costs and suboptimal yields inherent to the intensive capacity ramp-up phase of these new production lines. Strategic positioning was bolstered by a move into battery pack integration via the Nanjing BFD subsidiary, serving end-users directly and bypassing intermediate integrators. The raw material segment, Hitrans, delivered a powerful turnaround due to an upward cycle in material prices, providing a vertical hedge against rising costs in the battery segment. Global growth was accelerated by deep strategic partnerships in Africa with SPIRO and expansion into India and Vietnam with blue-chip clients like Anker and Scania. Management projects with absolute confidence that consolidated sales will reach a record high in 2026 as capacity ramp-ups near completion. The Dalian facility ramp-up is expected to be finalized in the first half of 2026, while the larger Nanjing Phase II facility is targeted for full capacity by early 2027. To hedge against the PRC government's phase-out of export tax rebates, the company is localizing its supply chain with a new manufacturing facility in Malaysia. Hitrans is expanding infrastructure with a 10,000 metric ton cathode plant and a 37,000 metric ton precursor facility slated for operation by the first half of 2027. R&D efforts are accelerating for next-generation large-format cylindrical models (60115, 60135, 60150) and sodium-ion chemistries for low-temperature resilience. The company is redomiciling from Nevada to the Cayman Islands to align its corporate structure with aggressive international expansion and improve administrative efficiency. A $5 million compensation payment was successfully enforced and collected from a canceled customer order, significantly bolstering other income for the year. Management implemented a substantive financial hedging structure using foreign currency forwards and commodity contracts to neutralize macroeconomic volatility. The PRC export tax rebate for lithium-ion batteries will be reduced from 13% to 9% currently, with a further drop to 6% in April 2026 and total elimination by January 2027. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management expects gross margins to gradually recover in the second half of 2026 as the Dalian facility completes its ramp-up. Full-year 2026 margins are anticipated to show significant improvement over current levels, though the Nanjing Phase II ramp-up extends into early 2027. The new battery pack assembly unit is dedicated to serving a top-5 African customer using 32140 cells from the Nanjing factory. Management believes their battery technology offers a competitive advantage in high-temperature environments typical of Southeast Asian, Indian, and African markets. While currently focused on residential and portable ESS, the company is in the R&D phase for large prismatic cells designed for grid-size storage. This initiative aims to expand the portfolio beyond the current focus on smaller-scale energy storage applications. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here.

Q4 revenue surged 131.8% YoY to $58.8 million, driven by a 524.2% jump in LEV sales to $12.92 million and a 944.1% increase in Hitrans raw‑material revenue to $27.98 million. Ramp‑up costs for new production lines compressed margins and produced losses: Q4 gross margin fell to 7.3% (from 13.1%), quarterly net loss attributable to shareholders was $7.38 million, and full‑year operating loss was about $18.44 million amid higher R&D for next‑generation cells. The company is rapidly expanding capacity—commissioning a 2.3 GWh 40135 line in Dalian and adding 3.0 GWh of 32140 capacity in Nanjing—while integrating LEV battery packs (notably in Africa with partner Spiro) and planning a Malaysian facility to mitigate shrinking Chinese export tax rebates. Interested in China BAK Battery, Inc.? Here are five stocks we like better. China BAK Battery (NASDAQ:CBAT) executives said fiscal 2025 marked a “definitive transitional period” as the company shifted its product mix toward newer cylindrical cell formats and expanded capacity, driving sharp fourth-quarter revenue growth while pressuring margins during production ramp-ups. Chief Executive Officer Zhiguang Hu said consolidated net revenue in the fourth quarter rose 131.80% year over year to $58.80 million. Chief Financial Officer Jiewei Li added that the quarter’s revenue was split between the battery business and the company’s Hitrans raw materials segment. → Down 25%, Chinese Giant PDD Could Be a Strong Long-Term Value Li said battery business revenue was about $30.82 million, up 35.8% from the prior-year period, even as energy storage sector revenue declined 10.6% due to the phase-out of legacy 26650 sales from the Dalian facility. That decline was “offset,” he said, by “explosive growth” in light electric vehicle (LEV) revenue, which “skyrocketed by 524.2% to $12.92 million” in the fourth quarter. Hitrans revenue in the quarter was $27.98 million, which Li described as a 944.1% increase from Q4 2024, reflecting higher raw material prices and downstream order placement. → The Often-Missed Corner of Healthcare That Wall Street Is Loving While sales rose sharply, the company reported profitability pressure. Li said gross profit in Q4 2025 was about $4.28 million, with gross margin of 7.3% versus 13.1% in Q4 2024. He attributed the margin compression to “transitional friction costs,” “suboptimal use,” and high fixed-cost absorption during the initial ramp-up of the new Model 40135 line in Dalian and Phase Two Model 32140 lines in Nanjing. Operating loss for the quarter was about $8.01 million, and net loss attributable to shareholders was $7.38 million, he said. → Russell 2000 Stocks: Too Early or Finally Interesting? On a full-year basis, Hu said consolidated net revenue reached $100.19 million, up 11% from 2024. Li also discussed full-year performance, stating that net revenues were $195.19 million, up about 11% year over year, with Hitrans contributing $188.92 million (up 123%) and the battery business contributing $105.98 million. Li said full-year gross profit was about $18.42 million, for a 9.4% margin, down from 23.7% in 2024. Operating expenses increased 12% to $36.86 million, driven by a 21% rise in R&D to $15.8 million and a 16% increase in general and administrative expense to $16.20 million. According to Li, the higher R&D spend funded next-generation cell development, including “advanced large format cylindrical models such as the 46115, 46135, and 46150,” and “highly specialized sodium-ion chemistries” targeted for low-temperature resilience and fast charging. The company’s full-year operating loss was about $18.44 million, and net loss attributable to shareholders was about $19.8 million, Li said. Li highlighted “other income” of $8.27 million, which he said included a $5 million compensation payment the company “successfully collected from a canceled customer order.” He also said 2025 was the company’s first year deploying a hedging structure using “foreign currency forward contracts, options swaps, and commodity contracts,” resulting in a non-cash derivative fair value loss of approximately $0.44 million. Hu detailed major manufacturing transitions underway. At the Dalian facility, he said customers are moving from a legacy “26 series battery” with 1 GWh of capacity to the new Model 40135 cells. Hu said the company commissioned a new 40135 production line with 2.3 GWh capacity at the end of 2025 and described demand as exceeding supply: “We are selling every single unit we can produce,” he said, adding that the order book is outpacing the ramp-up trajectory. In Nanjing, Hu said the company added two new production lines at its Phase Two facility at the end of 2025 to address demand for Model 32140 cells. He said the expansion adds 3.0 GWh of capacity to complement 1.5 GWh already operating in Phase One, and the company expects the two new high-speed lines to reach full capacity by early 2027. During the Q&A, Li said gross margin was “affected severely” by the Phase Two and Dalian ramp-ups. He said the Dalian ramp-up is expected to be completed in the first half of “this year,” while the Nanjing Phase Two timeline is “early 2027,” though he said the company would try to accelerate the timeline, targeting “the second half of 2026” while calling early 2027 the “reasonable timetable.” Li added, “Ideally, in the second half of this year, our gross margin will gradually rebound,” and said 2026 margins should “look better than right now.” Hu said the company began battery pack integration operations in 2025 through wholly owned subsidiary Nanjing CBAK, assembling cells into “plug-and-play battery system” to bypass intermediate integrators and sell to end users. He said these packs are primarily designed for LEV battery swapping infrastructure in Africa and noted a strategic partnership with Spiro, which he described as one of Africa’s largest two-wheeler battery swapping enterprises. Hu said Spiro has rapidly become one of the company’s top five customers and that the companies are exploring additional cooperation, including a possible cooperative entity in Africa to support localized expansion. Li added that the company received a “substantial order” beginning in early 2025 from a major African customer (which he said is originally from India), prompting the creation of a battery pack assembly unit that purchases cells from Nanjing and assembles packs for that customer. Li said the relationship could potentially expand beyond LEVs into energy storage in the future. Hu said the company views Southeast Asia and Africa as key LEV growth markets over the next three years, citing strong high-temperature performance for its cells and packs in those regions. Hu also pointed to policy changes in China affecting export tax rebates for lithium-ion batteries, saying the rebate rate is being reduced from 13% to 9%, with further reductions to 6% by April 2026 and elimination by January 2027. To mitigate the impact, he said the company incorporated a Malaysian subsidiary on April 13, 2025, and is pushing forward with construction of a manufacturing facility in Malaysia “within this year” to provide diversified sourcing options for international clients. On energy storage, Hu said the company is currently focused on “household storage, balcony storage, and portable storage” and is also developing square-shaped cells. In response to a question about grid-scale storage, the company said it is working on “big prismatic cell” research and development that could be used in grid-size systems. Hu also discussed corporate actions and outlook, noting that stockholders approved a redomicile merger to move incorporation from Nevada to the Cayman Islands to improve operational and administrative efficiency and align with international expansion. He said the company expects consolidated sales to reach a record high in 2026, citing demand for the 40135 and 32140 cells, capacity ramp progress, Hitrans strength, and global LEV growth. China BAK Battery Inc (NASDAQ: CBAT) is a China-based developer and manufacturer of rechargeable lithium-ion batteries and related power solutions. The company's core product lines include small, medium and large format batteries, battery modules and pack assemblies designed for consumer electronics, electric vehicles, energy storage systems and other industrial applications. China BAK Battery offers polymer lithium-ion cells, prismatic and cylindrical cells, as well as integrated battery systems tailored to meet the performance requirements of its clients. Founded in 2001 and headquartered in Shenzhen, China BAK Battery has expanded its manufacturing footprint and research and development capabilities over the years to serve customers across Asia, Europe and North America. The article "China BAK Battery Q4 Earnings Call Highlights" was originally published by MarketBeat.

DALIAN, China, March 30, 2026 (GLOBE NEWSWIRE) -- 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, 2025. Fourth Quarter and Full Year 2025 Financial and Operational Highlights Fourth Quarter Consolidated Net Revenues achieved an explosive 131.8% year-over-year growth, reaching $58.80 million, compared to $25.37 million in the fourth quarter of 2024. This hyper-growth in the top line effectively decoupled from the temporary bottom-line pressures caused by ongoing capacity transitions. Fourth Quarter Net Revenues from Light Electric Vehicles (LEV) skyrocketed by 524.1% year-over-year to $12.92 million, compared to $2.07 million in the prior year period. This single-quarter surge solidly validates the Company's aggressive and successful penetration into high-demand international markets, particularly India, Vietnam and Africa. Fourth Quarter Net Revenues from the Battery Raw Materials Segment (Hitrans) delivered an unprecedented 944.1% year-over-year hyper-growth, surging to $27.98 million from $2.68 million in the fourth quarter of 2024. This exceptional single-quarter performance confirms that the raw material pricing cycle has powerfully rebounded, acting as a critical counter-cyclical stabilizer for the Company’s consolidated top line. Full Year Consolidated Net Revenues reached $195.19 million, representing an 11% increase compared to $176.61 million in the fiscal year 2024. This top-line growth was primarily driven by a robust recovery in the battery raw materials segment and explosive growth in Light Electric Vehicle (LEV) battery sales. Net Revenues from the Battery Raw Materials Segment (Hitrans) surged by 123% year-over-year to $89.21 million for the full year 2025, compared to $40.03 million in 2024. This segment benefited significantly from an ongoing upward cycle in raw material prices, which catalyzed a sharp operational rebound beginning in the third quarter of 2025. Net Revenues from Batteries used in Light Electric Vehicles (LEV) soared by 252.4% year-over-year to $36.36 million for the full year 2025, up from $10.32 million in 2024, demonstrating successful penetration into international markets, particularly in India, Vietnam and Africa. Strategic Capacity Expansion and Product Portfolio Upgrade: The Company successfully launched a new production line for the Model 40135 at the Dalian facility by the end of 2025, adding approximately 2.3 GWh of annual capacity to the existing 1.0 GWh capacity from three legacy 26-series lines. Concurrently, the Company added two new production lines for the Model 32140 at the Nanjing Phase II facility, contributing an additional 3.0 GWh of capacity to complement the 1.5 GWh already operational in Phase I. Both new facilities are currently in an intensive capacity ramp-up phase, with demand vastly exceeding current supply. Concurrently, the R&D pipeline has been accelerated to commercialize next-generation large-format cylindrical cells, specifically the 60115, 60135, and 60150 models. Management Remarks Zhiguang Hu, Chief Executive Officer of CBAK Energy, commented, “The fiscal year 2025 was a definitive transitional period for CBAK Energy, characterized by a comprehensive structural upgrade of our product portfolio and a deliberate pivot toward next-generation form factors. At our Dalian facility, our customers are actively transitioning from our legacy 26-series batteries—a product line with over a decade of history—to our newly introduced, highly advanced Model 40135 cells. To support this, we successfully commissioned a new 40135 production line with a 2.3 GWh capacity at the end of 2025. The market reception has been unprecedented; demand for the 40135 cells currently far exceeds our available supply, and our order book heavily outpaces our current ramp-up trajectory. While the initial capacity ramp-up phase inherently carries higher unit costs that have temporarily suppressed our gross margins and short-term profitability, this is a necessary and highly strategic investment. As our customers complete their transition to the Model 40135 throughout 2026 and 2027, we anticipate a dramatic and sustained resurgence in both top-line revenue and bottom-line profitability. Importantly, we have proactively engineered a strategic response to the impending phase-out of the PRC’s export tax rebate policy for lithium-ion batteries—which reduces rebates to 6% in 2026 and zeroes out by 2027. By officially establishing our Malaysian manufacturing subsidiary in April 2025, we are constructing an unassailable overseas supply chain firewall. This strategic maneuver ensures that our expanding international margins will remain completely insulated from domestic tariff dynamics, cementing our competitive superiority on the global stage.” Jiewei Li, Director and Chief Financial Officer, added, “From a financial perspective, 2025 demonstrated the resilient, dialectical nature of our vertically integrated business model. While our battery segment faced margin compression due to the aggressive ramp-up of new production lines in both Dalian and Nanjing, as well as rising raw material costs, our Hitrans raw materials segment capitalized on this exact macroeconomic environment. Benefiting from the upward cycle in raw material prices, Hitrans experienced a powerful rebound starting in the third quarter of 2025, driving its full-year revenues up 123% to $89.21 million. Furthermore, to alleviate the severe supply shortages for our highly sought-after Model 32140 cells, we successfully launched two new production lines at our Nanjing Phase II facility at the end of 2025, adding 3.0 GWh of much-needed capacity. While the Nanjing Phase II expansion also incurs high initial ramp-up costs that currently weigh on the facility's overall performance, we expect to complete this ramp-up by early 2027, leading to a significant operational turnaround. Looking ahead, driven by the insatiable demand for our new battery cells, the completion of our capacity ramp-ups, and the continuing strength of Hitrans, we confidently project that the Group's consolidated sales will hit a record high in 2026.” Fourth Quarter 2025 Financial Results Note: Fourth quarter financial results are derived by mathematically subtracting the Company's unaudited financial results for the first nine months ended September 30, from the audited financial results for the full year ended December 31. Net revenues for the fourth quarter of 2025 were $58.80 million, representing a 131.8% increase compared to $25.37 million in the fourth quarter of 2024. Detailed revenues from our Battery Business and Hitrans segment in the fourth quarter are as follows: Net revenues from the Battery Business were $30.82 million in the fourth quarter of 2025, an increase of 35.8% from $22.69 million in the fourth quarter of 2024. Despite the temporary disruption caused by the phase−out of the legacy Model 26650 cells at the Dalian facilities, which resulted in a 10.6% decrease in the energy storage sector, the Company successfully offset this decline through explosive international growth. Specifically, revenues from Light Electric Vehicles (LEV) skyrocketed by 524.2% to $12.92 million in the fourth quarter, up from just $2.07 million in Q4 2024. Net revenues from the Hitrans segment were $27.98 million in the fourth quarter of 2025, a massive 944.1% surge from $2.68 million in the fourth quarter of 2024. This hyper-growth directly reflects the escalating upward cycle of raw material pricing which fully materialized toward the end of the year, alongside robust downstream order placements. Cost of revenues for the fourth quarter of 2025 was $54.52 million, an increase of 147.1% compared to $22.06 million in the fourth quarter of 2024. Gross profit for the fourth quarter of 2025 was $4.28 million, representing a gross margin of 7.3%, compared to a gross profit of $3.31 million and a margin of 13.1% in the fourth quarter of 2024. The sharp margin compression in Q4 2025 was fundamentally driven by the intensive transitional period at both Dalian and Nanjing. The friction costs, sub-optimal yields, and disproportionately high fixed-cost absorption inherent to the initial ramp-up phase of the new Model 40135 and Phase II Model 32140 production lines heavily burdened the quarterly gross margin. Research and development (R&D) expenses in the fourth quarter were aggressively expanded to $5.30 million, compared to $3.80 million in the prior year period. This reflects focused capital deployment into materials and testing to perfect the new 40-series and 60-series cells. Sales and marketing expenses were $1.90 million in the fourth quarter, compared to $1.08 million in the fourth quarter of 2024. General and administrative (G&A) expenses were $5.17 million in the fourth quarter, up from $3.95 million in Q4 2024, absorbing the heightened personnel, utilities, and trial-run administrative overhead associated with commissioning the new lines. Operating loss for the fourth quarter of 2025 was $8.01 million, compared to an operating loss of $6.59 million in the fourth quarter of 2024. Net loss attributable to shareholders of CBAK Energy for the fourth quarter of 2025 was $7.38 million, compared to a net loss of $4.51 million in the fourth quarter of 2024. Full Year 2025 Financial Results Net revenues for the fiscal year ended December 31, 2025, were $195.19 million, representing an 11% increase compared to $176.61 million in the fiscal year 2024. Detailed revenues from our Battery Business and Hitrans segment are as follows: Net revenues from the Battery Business were $105.98 million, a decrease of 22% from $136.59 million in 2024. This decline was primarily attributable to the strategic phase-out of the legacy Model 26650 cells at the Dalian facilities, which predominantly served the residential energy supply and UPS sectors. Sales in this specific sub-sector declined by 45% to $68.82 million as customers entered a transitional phase to validate the new Model 40135. Conversely, revenues from Light Electric Vehicles (LEV) surged by 252% to $36.36 million, driven by aggressive international expansion. Net revenues from the Hitrans segment were $89.21 million, an increase of 123% from $40.03 million in 2024, reflecting the successful acquisition of new customers and a highly favorable raw material pricing environment. Cost of revenues increased to $176.77 million for the fiscal year ended December 31, 2025, compared to $134.84 million in 2024, an increase of 31.1%. This included $6.61 million in inventory write-downs. Gross profit was $18.42 million, representing a gross margin of 9.4%, compared to a gross profit of $41.78 million and a margin of 23.7% in 2024. The contraction in gross margin was primarily due to the transition period at the Dalian and Nanjing facilities. The lower utilization of legacy lines combined with the high initial fixed costs and inefficiencies inherent in ramping up the new Model 40135 and Model 32140 production lines resulted in elevated unit production costs. The Company expects gross margins to recover sequentially as production yields optimize and economies of scale are realized on the new lines. Gross profit for the Battery Business was $13.73 million, while Hitrans generated a gross profit of $4.70 million. Research and development (R&D) expenses were $15.80 million, an increase of 21% from $13.01 million in 2024. The increase reflects intensified investments in materials and consumables for the development of the 40-series and 60-series batteries, alongside increased R&D headcount at the Dalian and Nanjing facilities. Sales and marketing expenses remained tightly controlled at $5.08 million, compared to $5.20 million in 2024. General and administrative (G&A) expenses were $16.20 million, up 16% from $13.95 million in 2024, driven by increased salaries, social insurance, utilities, and depreciation associated with the staffing and commissioning of the new production lines. Operating loss for the fiscal year 2025 was $18.44 million, compared to an operating income of $8.79 million in 2024. Net loss attributable to shareholders of CBAK Energy was $9.38 million, compared to a net income of $11.79 million in the prior year. Liquidity and Capital Resources As of December 31, 2025, the Company had cash and cash equivalents and restricted cash of $75.68 million, compared to $60.79 million as of December 31, 2024. Net cash provided by operating activities was $48.55 million for the year ended December 31, 2025, compared to $39.70 million in 2024, primarily attributable to improved working capital management, including a $63.66 million increase in trade and bills payable. Capital expenditures for the year ended December 31, 2025, were $44.65 million, primarily utilized for the construction and equipping of the new production facilities in Dalian, Nanjing, Zhejiang, and Anhui. Conference Call CBAK Energy's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 30, 2026 (8:00 PM Beijing/Hong Kong Time on March 30, 2026). For participants who wish to join our call online, please visit: https://edge.media-server.com/mmc/p/j8363xzj Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions. Participant Online Registration: https://register-conf.media-server.com/register/BI24afc22816694600a9ddc91793bbf26e Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call. A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website:https://edge.media-server.com/mmc/p/j8363xzj The earnings release and the link for the replay are available at ir.cbak.com.cn. About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn Safe Harbor Statement This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, the effects of global economic conditions, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company's products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: CBAK Energy Technology, Inc. Investor Relations Department Email: [email protected]

DALIAN, China, March 24, 2026 (GLOBE NEWSWIRE) -- 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, 2025 on Monday, March 30, 2026, 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 Securities and Exchange Commission on a Form 8-K. CBAK Energy's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 30, 2026 (8:00 PM Beijing/Hong Kong Time on March 30, 2026). For participants who wish to join our call online, please visit: https://edge.media-server.com/mmc/p/j8363xzj Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions. Participant Online Registration: https://register-conf.media-server.com/register/BI24afc22816694600a9ddc91793bbf26e Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call. A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/j8363xzj About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company's products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: In China: CBAK Energy Technology, Inc. Investor Relations Department Email: [email protected]

This article first appeared on GuruFocus. Consolidated Revenue: Increased 36.5% year-over-year to $50.9 million. Hitrans Revenue: $27.2 million, a 143.7% increase year-over-year. Battery Segment Revenue: Grew 0.7% year-over-year. Hitrans Net Loss: Narrowed to $2.1 million, an 18.8% improvement from the previous year. Battery Segment Net Income: Increased 122.7% to $4.53 million. Consolidated Net Income: $2.65 million, a 150-fold increase year-over-year. Nanjing Plant Capacity Expansion: Phase II to add 2 gigawatt hours, expected to begin mass production in mid-November 2025. New Product Line Capacity: Additional 2.3 gigawatt hours for Model 4135. Warning! GuruFocus has detected 4 Warning Signs with CBAT. Is CBAT fairly valued? Test your thesis with our free DCF calculator. Release Date: November 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CBAK Energy Technology Inc (NASDAQ:CBAT) reported a significant increase in consolidated revenue, rising 36.5% year-over-year to $50.9 million. The Hitrans segment showed a remarkable recovery, with revenue increasing by 143.7% year-over-year, driven by a rebound in raw material prices. The company's Model 32140 battery production at the Nanjing plant is fully utilized, with a significant backlog of orders, indicating strong demand. CBAK Energy Technology Inc (NASDAQ:CBAT) is expanding its production capacity with the upcoming Nanjing Phase II, expected to add 2 gigawatt hours of capacity. The new 4135 battery model line, with a 2.3-gigawatt hour capacity, is anticipated to be a key growth driver for 2026. The Hitrans segment has been previously weighed down by industry-wide overcapacity and prolonged decline in raw material prices. The battery business experienced a short-term volume decline due to ongoing product portfolio upgrades. There is a delay in the launch of Nanjing Phase II, which is now expected to begin mass production in mid-November 2025. The company's overseas manufacturing expansion is contingent on updates to China's export control policies, creating uncertainty. Policy shifts could affect CBAK Energy Technology Inc (NASDAQ:CBAT)'s overseas plans and timelines, impacting strategic initiatives. Q: Can you discuss any particular customer concentration in the LED division and the sustainability of electric vehicle sales in the coming quarters? A: Zhiguang Hu, CEO: We are developing well in the LEV business, especially in Southeast Asia. In India, we are in communication with the top 10 two-wheeler OEMs and have already supplied some. We are also collaborating with a major battery swapping company in India, indicating strong development in this industry. Q: Regarding Hitrans, is there potential oversupply in the market, and should we expect more balance going forward? A: Zhiguang Hu, CEO: Hitrans focuses on NCM raw materials for battery manufacturers, not our competitors. They aim to improve quality and performance, and with industry recovery, we anticipate stronger performance in the coming quarters. Q: Looking forward to 2026, when do you expect production capacity to exceed 6 gigawatts, and has it become easier to secure necessary production equipment? A: Zhiguang Hu, CEO: Equipment is installed in Dalian and Nanjing factories. Dalian is in trial production, and Nanjing will start this month. Mass production is expected by Q1 next year, with 6 gigawatts capacity achievable in line with customer orders. Thierry Li, CFO, added that the Nanjing expansion plan will be announced soon, with a video showcasing the new production line. Q: What is the status of your overseas manufacturing expansion plans? A: Thierry Jiewei Li, CFO: Progress depends on China's export control policies on lithium battery materials and equipment. We have a term sheet with a major Asian company for an overseas lithium battery production base, but policy shifts could affect timelines. Establishing a stable overseas base will enhance supply reliability and strengthen our global position. Q: How did the battery business perform this quarter, and what are the expectations for the new production lines? A: Thierry Jiewei Li, CFO: The battery business reported flat year-over-year revenue, but net income rebounded strongly due to demand for Model 3140 batteries. The new 4135 production line and upcoming 3140 expansion at Nanjing are expected to enhance earnings. Combined with the raw materials recovery, we anticipate sustainable value for shareholders. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

DALIAN, China, Nov. 10, 2025 (GLOBE NEWSWIRE) -- 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 third quarter and first nine months of 2025 ended September 30, 2025. Third Quarter of 2025 Financial Highlights Net revenues1 reached $60.92 million, indicating a 36.5% year-over-year increase from $44.63 million in the prior-year period. The growth was primarily driven by the strong performance of our battery raw materials segment, benefiting from the recent recovery in the industry and price increase of battery raw materials. Net revenues from battery raw materials segment, Hitrans, were $27.22 million, representing an increase of 143.7% compared to $11.17 million in the same period of 2024. Net income attributable to CBAK Energy Technology Inc. was $2.65 million, a 150.2-fold increase from $17,647 in the same period in 2024. This sharp improvement was mainly due to higher profitability in our battery business and a narrowed net loss in the battery raw materials segment. Net income from the battery business was $4.53 million, up 122.7% from $2.04 million in the same period of 2024. This growth was driven by strong demand for our Model 32140, which remains supply-constrained under our current capacity. Net loss from the battery raw materials segment narrowed to $2.10 million, an 18.8% improvement from $2.60 million in the same period of 2024, driven by rising battery raw material prices. Third Quarter of 2025 Financial Results Net revenues1 were $60.92 million, representing a 36.5% increase compared to $44.63 million in the same period of 2024. This growth was primarily driven by the strong recovery of our raw materials business, Hitrans, supported by the overall rebound in the battery raw materials industry and a gradual increase in raw material prices. Among these revenues, detailed revenues by segments and applications are: As discussed in previous quarters, our battery business is currently undergoing a product portfolio upgrade, while major customers are testing and validating our new products. This transition has temporarily affected the sales of our existing legacy products, resulting in a 42.4% decrease in gross profit and only a modest increase in net revenues from the battery segment. With the commencement of production of our upgraded new products announced in October, we expect the sales performance of our battery business to rebound in the coming periods. Cost of revenues was $56.05 million, representing an increase of 48.8% from $37.67 million in the same period of 2024. Gross profit was $4.9 million, representing a decrease of 29.9% from $6.95 million in the same period of 2024. Gross margin was 8%, compared to 15.6% in the same period of 2024. The decrease was primarily due to a decline in orders for our legacy product, Model 26650, as we transition to the larger and upgraded Model 40135. The lower production volume of Model 26650 led to higher unit production costs, which in turn impacted overall profitability. Operating loss amounted to $4.03 million, compared to an operating loss of $0.83 million in the same period of 2024. Net income attributable to shareholders of CBAK Energy was $2.65 million, compared to net income attributable to shareholders of CBAK Energy of $0.018 million in the same period of 2024, representing a 150.2-fold increase. Basic and diluted income per share were both $0.03, compared to nil in the same period of 2024. First nine months of 2025 Financial Results Net revenues1 were $136.39 million, representing a decrease of 9.8% compared to $151.24 million in the same period of 2024. As discussed above, this decline was primarily due to the weaker performance of our battery business, reflecting the ongoing transition of major customers from legacy products to newly upgraded offerings. Among these revenues, detailed revenues by segments and applications are: Cost of revenues was $122.25 million, representing an increase of 9.5% from $112.78 million in the same period of 2024. Gross profit was $14.14 million, representing a decrease of 63.2% from $38.46 million in the same period of 2024. Gross margin was 10.4%, compared to 25.4% in the same period of 2024. Operating loss amounted to $10.43 million, compared to an operating income of $15.38 million in the same period of 2024. Net loss attributable to shareholders of CBAK Energy was $2.00 million, compared to net income attributable to shareholders of CBAK Energy of $16.30 million in the same period of 2024. Basic and diluted loss per share were both $0.02, compared to basic and diluted income per share of $0.18 in 2024. Zhiguang Hu, Chief Executive Officer of the Company, commented, “We are pleased to have achieved a solid recovery in the third quarter. With the overall rebound in the raw materials industry, our raw materials segment successfully seized market opportunities to deliver strong growth. We believe that raw material prices have only just begun to rebound and will continue to foster a favorable industry environment for Hitrans. Meanwhile, we are excited to announce the successful upgrade from the Model 26650 to the Model 40135 at our Dalian facility, and we have already begun receiving substantial new orders. With the expected commencement of production at our new Nanjing production lines in mid-November, we are confident that significant growth lies ahead in the coming periods.” Jiewei Li, Chief Financial Officer and Secretary of the Board, added, “In Dalian, our newly launched Model 40135 production line is expected to contribute an additional 2.3 GWh of annual capacity, while the soon-to-commence Nanjing production lines will add a further 2 GWh for our Model 32140. The Model 40135 has been well received in the market with strong and growing demand, and the Model 32140 continues to experience supply constraints amid robust order momentum. We are confident that the expansion of our production capacity will enhance our ability to capture market opportunities, strengthen our competitive position, and drive sustainable, high-quality growth in the year ahead.” Conference Call CBAK Energy’s management will host an earnings conference call at 7:00 AM U.S. Eastern Time on Monday, November 10, 2025 (8:00 PM Beijing/Hong Kong Time on November 10, 2025). For participants who wish to join our call online, please visit: https://edge.media-server.com/mmc/p/2sk7xqft Participants who plan to ask questions during the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin, and an email with detailed instructions. Participant Online Registration: https://register-conf.media-server.com/register/BIcee8c4a14bea404095e6cf7eb44d007e Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call. A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/2sk7xqft The earnings release and the link for the replay are available at ir.cbak.com.cn About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company’s products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn Safe Harbor Statement This press release contains “forward-looking statements” that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including “anticipates,” “believes,” “can,” “continue,” “could,” “estimates,” “expects,” “intends,” “may,” “plans,” “potential,” “predicts,” “should,” or “will” or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management’s current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company’s products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company’s disclosure documents filed with the U.S. Securities and Exchange Commission (the “SEC”) available on the SEC’s website at www.sec.gov, including the Company’s most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: In China: CBAK Energy Technology, Inc. Investor Relations Department Email: [email protected]

DALIAN, China, Nov. 03, 2025 (GLOBE NEWSWIRE) -- 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 third quarter ended September 30, 2025 on Monday, November 10, 2025, 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 Securities and Exchange Commission on a Form 8-K. CBAK Energy's management will host an earnings conference call at 7:00 AM U.S. Eastern Time on Monday, November 10, 2025 (8:00 PM Beijing/Hong Kong Time on November 10, 2025). For participants who wish to join our call online, please visit: https://edge.media-server.com/mmc/p/2sk7xqft Participants who plan to ask questions at the call will need to register at least 15 minutes prior to the scheduled call start time using the link provided below. Upon registration, participants will receive the conference call access information, including dial-in numbers, a unique pin and an email with detailed instructions. Participant Online Registration: https://register-conf.media-server.com/register/BIcee8c4a14bea404095e6cf7eb44d007e Once completing the registration, please dial-in at least 10 minutes before the scheduled start time of the conference call and enter the personal pin as instructed to connect to the call. A replay of the conference call may be accessed within seven days after the conclusion of the live call at the following website: https://edge.media-server.com/mmc/p/2sk7xqft About CBAK Energy CBAK Energy Technology, Inc. (NASDAQ: CBAT) is a leading high-tech enterprise in China engaged in the development, manufacturing, and sales of new energy high power lithium and sodium batteries, as well as the production of raw materials for use in manufacturing high power lithium batteries. The applications of the Company's products and solutions include electric vehicles, light electric vehicles, energy storage and other high-power applications. In January 2006, CBAK Energy became the first lithium battery manufacturer in China listed on the Nasdaq Stock Market. CBAK Energy has multiple operating subsidiaries in Dalian, Nanjing, Shaoxing and Shangqiu, as well as a large-scale R&D and production base in Dalian. For more information, please visit ir.cbak.com.cn. Safe Harbor Statement This press release contains "forward-looking statements" that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, strategy and plans, and our expectations for future operations, are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. We have attempted to identify forward-looking statements by terminology including "anticipates," "believes," "can," "continue," "could," "estimates," "expects," "intends," "may," "plans," "potential," "predicts," "should," or "will" or the negative of these terms or other comparable terminology. Our actual results may differ materially or perhaps significantly from those discussed herein, or implied by, these forward-looking statements. Any forward-looking statements contained in this press release are only estimates or predictions of future events based on information currently available to our management and management's current beliefs about the potential outcome of future events. Whether these future events will occur as management anticipates, whether we will achieve our business objectives, and whether our revenues, operating results, or financial condition will improve in future periods are subject to numerous risks. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including: significant legal and operational risks associated with having substantially all of our business operations in China, that the Chinese government may exercise significant oversight and discretion over the conduct of our business and may intervene in or influence our operations at any time, which could result in a material change in our operations and/or the value of our securities or could significantly limit or completely hinder our ability to offer or continue to offer securities to investors and could cause the value of such securities to significantly decline or be worthless, the effects of the global Covid-19 pandemic or other health epidemics, changes in domestic and foreign laws, regulations and taxes, the volatility of the securities markets; and other risks including, but not limited to, the ability of the Company to meet its contractual obligations, the uncertain markets for the Company's products and business, macroeconomic, technological, regulatory, or other factors affecting the profitability of our products and solutions that we discussed or referred to in the Company's disclosure documents filed with the U.S. Securities and Exchange Commission (the "SEC") available on the SEC's website at www.sec.gov, including the Company's most recent Annual Report on Form 10-K as well as in our other reports filed or furnished from time to time with the SEC. You should read these factors and the other cautionary statements made in this press release. If one or more of these factors materialize, or if any underlying assumptions prove incorrect, our actual results, performance or achievements may vary materially from any future results, performance or achievements expressed or implied by these forward-looking statements. The forward-looking statements included in this press release are made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking statements, other than as required by applicable law. For further inquiries, please contact: In China: CBAK Energy Technology, Inc. Investor Relations Department Email: [email protected]

Net Revenue: $40.52 million, down 15% from $47.79 million in the same period of 2024. Net Losses: $3.07 million attributable to CBAK Energy shareholders; total net losses of $3.36 million. Battery Segment Net Losses: $2.07 million. Raw Materials Production Unit (High Trends) Net Losses: $1.06 million, improved from $1.56 million in Q2 2024. High Trends Net Revenue: $19.43 million, up 59.36% from $12.19 million in the same period of 2024. Residential Energy Storage Market Sales Decline: 44.8% year over year. Warning! GuruFocus has detected 4 Warning Signs with CBAT. Release Date: August 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. CBAK Energy Technology Inc (NASDAQ:CBAT) is transitioning to a larger and more advanced battery model, which is expected to enjoy strong market popularity. The Nanjing facility is operating at full capacity due to high demand for the model 32 140 cells, indicating strong market interest. The company anticipates a strong recovery in consolidated results by year-end with the completion of the model 4,135 production and Nanjing phase two expansion. Hightrends, the raw materials production unit, reported a significant increase in net revenues, up 59.36% from the previous year. CBAK Energy Technology Inc (NASDAQ:CBAT) is expanding its market share in India and the portable power supply industry, targeting high-quality European and American customers. Net revenues declined by 15% compared to the same period in 2024, primarily due to a strategic transition from a small format battery model. The company reported net losses attributable to shareholders of $3.07 million, with the battery segment accounting for $2.07 million in losses. The completion of the Nanjing phase two expansion has been delayed to Q4, limiting the ability to fulfill additional pending orders. The Dalian facility experienced a sharp decline in net revenues and gross profit due to the transition to a new battery model. The company faces challenges with equipment suppliers, causing delays in the Nanjing project expansion. Q: Can you discuss the current competitive landscape and any pricing pressures you are experiencing? A: Zhiguang Hu, CEO: The market is very sensitive to cost, and as battery technology advances, capacity increases, reducing costs. We are transitioning from smaller to larger battery cells to meet market demands. The market volume is increasing rapidly, particularly in consumer markets and electric vehicles. Thierry Jiewei Li, CFO: Most leading battery players in China produce prismatic cells with cost advantages. We are investing in R&D to produce larger, cost-effective batteries, such as the 4,135 model, and are also developing the 46 series for future cost competitiveness. Q: What is the status of the 46 series cell development, and when do you expect production? A: Zhiguang Hu, CEO: We have been developing the 46 series for over two years and aim for mass production by the end of next year. Thierry Jiewei Li, CFO: We have several models under consideration, and production depends on customer preferences and securing significant orders. The equipment for the 46 series is expensive, so we are cautious about investing until we complete current projects and secure funding. Q: What caused the delay in the Nanjing expansion? A: Thierry Jiewei Li, CFO: The delay was primarily due to issues with our equipment suppliers, who faced problems delivering equipment. We expect to resolve these issues soon and complete the expansion by the end of this year. Q: Have you been active under the $20 million stock buyback program, and how much capacity remains? A: Thierry Jiewei Li, CFO: We have spent approximately $1.3 to $1.5 million on stock buybacks. The stock price has increased, but we believe it is still undervalued. We will continue to monitor the market and decide on further buybacks as the program is one year long. Q: Are customers focusing more on product availability or pricing? A: Zhiguang Hu, CEO: Customers are very cost-sensitive, and the market demands larger battery cells for cost reduction. We are focusing on developing larger, more cost-effective batteries to meet these demands. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.