Sign in

CBAT on Nasdaq

CBAK Energy Technology Inc.

CBAK Energy Technology Inc. is a battery company in the Cayman Islands.1 Its shares trade on Nasdaq under the symbol CBAT.1

Price unavailable

Last updated Oct 21, 2026.

Overview

Compare with Ultralife Corporation, Energy Vault or Byrna Technologies Inc., or pick any stock.

  • TickerCBAT on Nasdaq1
  • Industrybattery industry1
  • HeadquartersE91
  • Websiteen.cbak.com.cn
  • Incorporated inCayman Islands3
  • Business addressBak Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian City, 1164503

See how the biggest companies compare on our leaderboards

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.4%Gross margin5
-9.4%Operating margin5
-4.8%Net margin5
10.5%Revenue growth, 20255
-8.3%Return on equity5
0.04×Debt to equity5
$3.9MFree cash flow5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue91¢$176.8M
  • Research and development8¢$15.8M
  • Other costs1¢$1.4M
  • Interest1¢$1.1M
  • Income tax0¢$184.7K

Out of $195.2M in revenue.5 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending92¢$44.7M
  • Share buybacks3¢$1.5M
  • Kept or used elsewhere5¢$2.4M

Out of $48.6M of cash from operations.5

Financial statements

Revenue6789105$195.2M in 2025+779% since 2019
0$100.0M$200.0M$300.0M2019: $22.2M$22.2M20192020: $37.6M$37.6M2020+69%2021: $52.7M$52.7M2021+40%2022: $248.7M$248.7M2022+372%2023: $204.4M$204.4M2023−18%2024: $176.6M$176.6M2024−14%2025: $195.2M$195.2M2025+11%
Gross profit6789105$18.4M in 2025+2859% since 2019
0$20.0M$40.0M$60.0M2019: $622.5K$622.5K20192020: $2.7M$2.7M2020+336%2021: $5.1M$5.1M2021+88%2022: $18.1M$18.1M2022+254%2023: $31.7M$31.7M2023+75%2024: $41.8M$41.8M2024+32%2025: $18.4M$18.4M2025−56%
Operating income6789105-$18.4M in 2025+83% since 2019
-$20.0M-$10.0M0$10.0M2019: -$10.1M-$10.1M20192020: -$8.5M-$8.5M2020−16%2021: -$11.7M-$11.7M2021+38%2022: -$11.5M-$11.5M2022−2%2023: -$7.3M-$7.3M2023−37%2024: $8.8M$8.8M20242025: -$18.4M-$18.4M2025
Net income11789105-$9.4M in 2025−13% since 2019
-$20.0M0$20.0M$40.0M$60.0M$80.0M2019: -$10.8M-$10.8M20192020: -$7.8M-$7.8M2020−27%2021: $61.5M$61.5M20212022: -$9.4M-$9.4M20222023: -$2.4M-$2.4M2023−74%2024: $11.8M$11.8M20242025: -$9.4M-$9.4M2025
Fiscal year2019202020212022202320242025
Revenue$22.2M6$37.6M7$52.7M8$248.7M9$204.4M10$176.6M5$195.2M5
Cost of revenue$21.6M6$34.9M7$47.6M8$230.6M9$172.7M10$134.8M5$176.8M5
Gross profit$622.5K6$2.7M7$5.1M8$18.1M9$31.7M10$41.8M5$18.4M5
Research and development$1.9M6$1.7M7$5.3M8$10.6M9$11.9M10$13.0M5$15.8M5
Selling, general and admin$1.5M7
Operating expenses$16.8M8$29.6M9$39.0M10$33.0M5$36.9M5
Operating income-$10.1M6-$8.5M7-$11.7M8-$11.5M9-$7.3M10$8.8M5-$18.4M5
Interest$2.3M6$1.7M7$339.9K8$646.0K9$1.0M10$1.1M5$1.1M5
Income before tax$53.8M8-$12.6M9-$6.1M10$11.1M5-$11.1M5
Income tax-$7.7M8-$1.2M9$2.5M10$1.6M5-$184.7K5
Net income-$10.8M11-$7.8M7$61.5M8-$9.4M9-$2.4M10$11.8M5-$9.4M5
Earnings per share-$0.286-$0.137$0.708-$0.119-$0.0310$0.135-$0.105
Earnings per share (diluted)-$0.137$0.708-$0.119-$0.0310$0.135-$0.105
Shares (weighted, basic)87.6M shares888.9M shares989.3M shares1089.9M shares589.2M shares5
Shares (weighted, diluted)87.9M shares888.9M shares989.3M shares1090.2M shares589.2M shares5

Compare CBAK Energy Technology Inc. with another company

Corporate structure

CBAK Energy Technology Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CBAK Energy Technology Inc.

  • Gimli Group Ltd Filed SCHEDULE 13D on CBAK Energy Technology Inc., latest Dec 19, 2025
  • Yunfei Li Filed SCHEDULE 13D/A on CBAK Energy Technology Inc., latest Dec 16, 2025
  • Dawei Li Filed SCHEDULE 13G/A on CBAK Energy Technology Inc., latest Sep 25, 2025
  • CBAK Energy Technology Inc. E9

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

Leadership

Who has led CBAK Energy Technology Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Xiangqian Li2007–2015
  2. Yunfei Li2016–2023
  3. Zhiguang Hu2024–now

Chair

  1. Xiangqian Li2007–2009

President

  1. Xiangqian Li2007–2009

Chief financial officer

  1. Yongbin Han2006–2007
  2. Tony Shen2007–2008
  3. Jun Zou2010
  4. Ke Marcus Cui2010–2011
  5. Danny Pan2013
  6. Xiangyu Pei2019–2022

Chief operating officer

  1. Huanyu Mao2008
2010201520202025
Board members and other officers (21)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • BAK Asia Investments Limited Hong Kong4
  • CBAK Energy C.A. Inc. California, the United States4
  • CBAK Energy Investments Holdings Cayman Islands4
  • CBAK Energy Lithium Battery Holdings Co., Ltd. Cayman Islands4
  • CBAK Energy Lithium Battery Malaysia Sdn. Bhd. Malaysia4
  • CBAK Energy Technology Limited Cayman Islands4
  • China BAK Asia Holdings Limited Hong Kong4
  • Hitrans Holdings Co., Ltd. Cayman Islands4
  • Hong Kong Hitrans Holdings Company Limited Hong Kong4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Jun 23, 20268-K Other events44
  2. May 18, 20268-K Results of operations45
  3. May 1, 20268-K Listing notice or transfer46
  4. Mar 30, 20268-K Results of operations47
  5. Mar 19, 20268-K Shareholder vote; Other events48
  6. Dec 30, 20258-K Shareholder vote49
  7. Nov 10, 20258-K Results of operations50
  8. Oct 2, 20258-K Listing notice or transfer51
  9. Sep 24, 20258-K Entered a material agreement52
  10. Aug 18, 20258-K Results of operations53
  11. May 22, 20258-K Other events54
  12. May 21, 20258-K Executive or director change55
  13. Oct 31, 2024New chief executive Zhiguang Hu becomes CEO15
  14. Mar 7, 2016New chief executive Yunfei Li becomes CEO16
  15. Apr 2, 2007New chief executive Xiangqian Li becomes CEO17

Calendar

Coming up

  1. Nov 9, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 10, 2025.56

When it reported results

  1. May 18, 2026Reported quarterly or annual results45
  2. Mar 30, 2026Reported quarterly or annual results47
  3. Nov 10, 2025Reported quarterly or annual results50
  4. Aug 18, 2025Reported quarterly or annual results53
  5. May 19, 2025Reported quarterly or annual results57
  6. Mar 17, 2025Reported quarterly or annual results58
  7. Nov 12, 2024Reported quarterly or annual results59
  8. Aug 9, 2024Reported quarterly or annual results60

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

127 filings to the SEC since October 2021: 8 annual reports, 14 quarterly reports, 45 major events, 8 insider forms, 3 large holders, 49 other. The latest 20:

  1. Oct 5, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Sep 4, 2026EFFECT EDGAR
  3. Aug 26, 2026F-3 REGISTRATION STATEMENT EDGAR
  4. Jul 31, 2026S-8 POS REGISTRATION STATEMENT EDGAR
  5. Jul 31, 2026S-8 POS REGISTRATION STATEMENT EDGAR
  6. Jun 29, 202615-12G EDGAR
  7. Jun 23, 20268-K12B CURRENT REPORT EDGAR
  8. Jun 23, 20268-K CURRENT REPORT EDGAR
  9. May 18, 202610-Q QUARTERLY REPORT EDGAR
  10. May 18, 20268-K CURRENT REPORT EDGAR
  11. May 11, 2026NT 10-Q NOTIFICATION OF LATE FILING EDGAR
  12. May 1, 20268-K CURRENT REPORT EDGAR
  13. Mar 31, 202610-K ANNUAL REPORT EDGAR
  14. Mar 30, 20268-K CURRENT REPORT EDGAR
  15. Mar 19, 20268-K CURRENT REPORT EDGAR
  16. Mar 16, 2026NT 10-K NOTIFICATION OF LATE FILING EDGAR
  17. Jan 16, 2026DEFA14A DEFINITIVE ADDITIONAL MATERIALS EDGAR
  18. Jan 16, 2026424B3 PROSPECTUS EDGAR
  19. Jan 16, 2026DEF 14A DEFINITIVE PROXY STATEMENT EDGAR
  20. Jan 15, 2026EFFECT EDGAR

The 127 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Xiangyu Pei35$83.5K$132.4K64
2025Zhiguang Hu43$116.9K$131.5K64
2025Jiewei Li35$83.5K$93.2K64
2024Director and Former Interim Chief Financial Officer$100.6K$138.2K64
2024Chief Executive Officer$121.4K$132.7K64
2024Chief Financial Officer and Secretary$91.0K$98.6K64

SEC filer profile

How CBAK Energy Technology Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCBAK Energy Technology Ltd2
  • CIK0002086841
  • Incorporated inCayman Islands2
  • Fiscal year endsDecember 312
  • Industry code (SIC)3690 Miscellaneous Electrical Machinery, Equipment & Supplies2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business addressBak Industrial Park, Meigui Street, Huayuankou Economic Zone, Dalian City, Liaoning Province 116450, China2
  • Phone86411391859852
  • On EDGAR sinceSep 24, 20252
  • Filings11 in all: EFFECT (2), F-4/A (2), S-8 POS (2), 424B3 (1), 6-K (1), 8-K12B (1), F-3 (1), F-4 (1)2

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27
  28. 28
  29. 29
  30. 30
  31. 31
  32. 32
  33. 33
  34. 34
  35. 35
  36. 36
  37. 37
  38. 38
  39. 39
  40. 40
  41. 41
  42. 42
  43. 43
  44. 44
    SEC EDGAROther events
  45. 45
  46. 46
  47. 47
  48. 48
  49. 49
  50. 50
  51. 51
  52. 52
  53. 53
  54. 54
    SEC EDGAROther events
  55. 55
  56. 56
  57. 57
  58. 58
  59. 59
  60. 60
  61. 61
  62. 62
  63. 63
  64. 64