CBAK Energy Technology, Inc. (CBAT)

CBAK Energy Technology Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	220.86	204.44	248.73	52.67	37.57	22.19
Revenue Growth (YoY)	4.71%	-17.81%	372.24%	40.21%	69.26%	-9.16%
Cost of Revenue	173.26	172.71	230.63	47.56	34.85	21.57
Gross Profit	47.6	31.72	18.1	5.11	2.71	0.62
Selling, General & Admin	21.31	18.69	11.75	12.33	4.45	5.43
Research & Development	12.29	11.93	10.64	5.27	1.68	1.91
Other Operating Expenses	8.11	8.36	7.22	-0.78	5.07	3.37
Operating Expenses	41.71	38.98	29.6	16.82	11.19	10.71
Operating Income	5.89	-7.25	-11.5	-11.71	-8.48	-10.09
Interest Expense / Income	-0.44	-0.43	-0.49	-0.78	1.4	1.38
Other Expense / Income	-6.38	-6.86	-0.34	-64.68	-2.07	-0.71
Pretax Income	12.71	0.04	-10.68	53.75	-7.81	-10.77
Income Tax	3.94	2.49	-1.23	-7.73	0	0
Net Income	8.77	-2.45	-9.45	61.49	-7.81	-10.77
Shares Outstanding (Basic)	90	89	89	88	62	39
Shares Outstanding (Diluted)	90	89	89	88	62	39
Shares Change	1.25%	0.36%	1.19%	41.77%	59.10%	46.51%
EPS (Basic)	0.09	-0.03	-0.11	0.70	-0.13	-0.28
EPS (Diluted)	0.09	-0.03	-0.11	0.70	-0.13	-0.28
Free Cash Flow	12.61	15.37	3.02	-23.48	-10.81	-23.64
Free Cash Flow Per Share	0.14	0.17	0.03	-0.27	-0.17	-0.61
Gross Margin	21.55%	15.52%	7.28%	9.70%	7.22%	2.80%
Operating Margin	2.67%	-3.55%	-4.63%	-22.24%	-22.57%	-45.46%
Profit Margin	3.97%	-1.20%	-3.80%	116.74%	-20.78%	-48.51%
Free Cash Flow Margin	5.71%	7.52%	1.22%	-44.58%	-28.77%	-106.53%
Effective Tax Rate	30.99%	6703.37%	-	-14.39%	-	-
EBITDA	22.82	9.94	-2.61	57.02	-3.71	-6.63
EBITDA Margin	10.33%	4.86%	-1.05%	108.27%	-9.87%	-29.87%
Depreciation & Amortization	10.55	10.34	8.56	4.06	2.7	2.75
EBIT	12.27	-0.4	-11.17	52.97	-6.41	-9.38
EBIT Margin	5.55%	-0.19%	-4.49%	100.57%	-17.06%	-42.27%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).