CBAK Energy Releases Unaudited Financial Results for Q2 and First Half of 2025

Financial Performance Overview: CBAK Energy reported a 15% decline in net revenues for Q2 2025, totaling $40.52 million, primarily due to product upgrades at their Dalian facilities and a shift in customer testing from Model 26650 to Model 40135.

Battery Business Revenue Decline: The battery segment saw a significant drop in revenues, with a 40.8% decrease year-over-year for Q2, leading to a gross profit reduction of 73.6% and a net loss of $3.07 million compared to a profit of $6.45 million in the same period last year.

Future Growth Expectations: The company anticipates a gradual recovery starting in Q4 2025 as they begin mass production of Model 40135 and expand capacity for Model 32140 at their Nanjing facilities, which are currently fully booked.

Management Insights: CEO Zhiguang Hu expressed confidence in the company's future performance, citing positive customer feedback on new products and ongoing negotiations with internationally recognized clients across various sectors.