CBAK Energy Q1 FY26 net loss widens to $9.29 million; net revenues more than double to $69.62 million

• CBAK Energy Technology reported a wider net loss attributable to shareholders of USD 9.29 million for the first quarter ended March 31, 2026, while net revenues more than doubled to USD 69.62 million.
• Operating loss widened to USD 9.7 million, while gross margin fell 12.2 percentage points to 1.5%.
• Battery business net revenues rose 84.3% to USD 37.52 million, driven by light electric vehicles net revenues that climbed to USD 15.41 million.
• Hitrans net revenues rose 120.2% to USD 32.1 million, while segment net income turned to profit at USD 1.57 million.
• Management cited ongoing capacity ramp-up at three new production lines, expecting completion in the second half of 2026, while higher raw material costs have not yet been fully passed through to customers.

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