CBAK Energy Reports First Quarter 2024 Unaudited Financial Results
DALIAN, China, May 10, 2024 /PRNewswire/ -- 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, 2024.
- DALIAN, China, May 10, 2024 /PRNewswire/ -- 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, 2024.
- -Net revenues from residential energy supply & uninterruptible supplies were $42.8 million, an increase of 66.0% from $25.8 million in the same period of 2023.
- Net income from the battery business was $11.7 million, compared to $0.1 million in the same period of 2023.
- Jiewei Li, Chief Financial Officer and Secretary of the Board of the Company, added, "In the first quarter, we continued to see strong top-line growth.