CBATNasdaqMiscellaneous Electrical Machinery, Equipment & SuppliesFiscal year ends December 31
CBAK Energy Technology Ltd
Financials through Q1 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on May 18, 2026
$0.92−0.11 (-10.68%)
Close on Oct 19, 2026
- Market cap
- $82.11M
- P/E (TTM)
- –
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
9.4%+2.2 pts over 5 years
Operating margin
-9.4%+13.1 pts over 5 years
Net margin
-4.8%+16.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.5% | -7.8% | +39.0% | +23.8% | |
| Gross profit | -55.9% | +0.6% | +46.7% | +34.5% | |
| Free cash flow | -82.7% | +12.5% | – | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 183.2% | -23.8% | -8.0% | |
| Return on assets | 29.6% | -6.6% | -2.6% | |
| Current ratio | 0.57 | 0.86 | 0.60 | |
| Interest coverage | – | -5.0× | -17.2× | |
| Inventory turnover | 7.8× | 5.0× | 4.8× | |
| Capex to revenue | 55.6% | 15.2% | 22.9% | |
| Diluted shares | 13M | 62M | 89M |
Where the cash went
Fiscal 2021 to 2025, five years combined
CBAK Energy Technology generated $154.15M from operations and spent $126.06M on capital expenditure, dividends and share buybacks. 99% of that went back into the business.
Generated
$154.15M
Used
$126.06M
Capital expenditure$124.56M99%Dividends$00%Share buybacks$1.50M1%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-4.8%
×Asset turnover0.54×
×Equity multiplier3.11×
=Return on equity, FY2025-8.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -4.8% | 0.54× | 3.11× | -8.0% |
| FY2024 | 6.7% | 0.61× | 2.49× | 10.1% |
| FY2023 | -1.2% | 0.78× | 2.28× | -2.1% |
| FY2022 | -3.8% | 0.98× | 2.02× | -7.5% |
| FY2021 | 116.7% | 0.26× | 2.18× | 66.2% |
| FY2020 | -20.9% | 0.32× | 3.61× | -23.8% |
| FY2019 | -48.5% | 0.20× | 16.03× | -154.7% |
| FY2016 | -122.0% | 0.13× | 4.26× | -68.8% |
| FY2015 | 68.7% | 0.43× | 6.19× | 183.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$9.38M
- Cash generatingOperating cash flow above zero$48.55M
- Return on assets improvedROA up on the prior year4.2% → -3.1%
- Earnings backed by cashOperating cash flow above net income$48.55M vs -$9.38M
- Less leverageLong-term debt to assets fell– → 1.0%
- Better liquidityCurrent ratio rose0.82 → 0.60
- No dilutionShare count did not rise90M → 89M
- Gross margin improvedGross margin up on the prior year23.65% → 9.44%
- More efficientAsset turnover rose0.63 → 0.65