CBAK Energy Misses On Revenue Mark, Battery Business Shines Brighter
CBAK Energy Misses On Revenue Mark, Battery Business Shines Brighter
CBAK Energy Technology, Inc. (NASDAQ:CBAT) shares are trading higher after the company reported first-quarter FY24 results.
CBAK能源科技公司（纳斯达克股票代码：CBAT）公布24财年第一季度业绩后，股价走高。
Revenue rose 38.7% Y/Y to $58.82 million, missing the consensus of $62.78 million.
收入同比增长38.7％，至5,882万美元，未达到预期的6,278万美元。
Revenues growth benefitted from the battery business (+51.5% Y/Y), led by an increase of 66.0% Y/Y from revenues from residential energy supply & uninterruptible supplies. However, net revenues from batteries used in light electric vehicles declined 23.3% Y/Y.
收入增长受益于电池业务（同比增长51.5％），其中住宅能源供应和不间断供应收入同比增长66.0％。但是，用于轻型电动汽车的电池的净收入同比下降了23.3％。
Gross profit increased significantly to $18.8 million from $2.9 million a year ago. Consequently, gross margin jumped to 31.9% from 6.9% a year ago.
毛利从去年同期的290万美元大幅增长至1,880万美元。因此，毛利率从去年同期的6.9％跃升至31.9％。
Attributable net income (after deducting the change in fair value of warrants) stood at $9.8 million, vs. a net loss of $(1.5) million in the prior year quarter, led by the strong performance of its battery business.
在电池业务强劲表现的带动下，应占净收益（扣除认股权证公允价值变动后）为980万美元，而上一季度的净亏损为150万美元。
EPS of $0.11 beat the consensus loss of $(0.01).
每股收益为0.11美元，超过了共识亏损的0.01美元。
Yunfei Li, Chairman and Chief Executive Officer, stated, "At the same time, we further reduced losses at Hitrans, our acquired and independently operated materials company, reaching a consolidated net income of $9.6 million for the first quarter, an outstanding achievement during an industry-wide downturn. We expect even faster growth for the rest of the year while remaining committed to our higher profitability goals for our battery business."
董事长兼首席执行官李云飞表示：“同时，我们进一步减少了收购的独立运营材料公司Hitrans的亏损，第一季度的合并净收入达到960万美元，这是全行业低迷时期的杰出成就。我们预计今年剩余时间将实现更快的增长，同时继续致力于实现电池业务更高的盈利目标。”
As of March-end, cash and cash equivalents stood at $3.0 million.
截至3月底，现金及现金等价物为300万美元。
Jiewei Li, CFO and Secretary of the Board, said, "For the full year of 2024, we expected net income from the battery business to reach between RMB220 million (or approximately $30.5 million) and RMB250 million (or approximately $34.6 million) for the full year of 2024. We will continue prudently investing while maintaining cost discipline as we aim to ensure long-term sustainable growth."
首席财务官兼董事会秘书李杰伟表示：“我们预计，2024年全年，电池业务的净收入将达到 RMB220 百万美元（约合3,050万美元）至 RMB250 万美元（约合3,460万美元）之间。我们将继续谨慎投资，同时保持成本纪律，以确保长期可持续增长。”
Price Action: CBAT shares are trading higher by 1.80% at $1.13 at the last check Friday.
价格走势：周五最后一次支票时，CBAT股价上涨1.80％，至1.13美元。
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照片来自 Shutterstock