Earnings Call Summary | CBAK Energy Technology(CBAT.US) Q1 2024 Earnings Conference
Earnings Call Summary | CBAK Energy Technology(CBAT.US) Q1 2024 Earnings Conference
The following is a summary of the CBAK Energy Technology, Inc. (CBAT) Q1 2024 Earnings Call Transcript:
以下是CBAK能源科技公司（CBAT）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
CBAK produced Q1 2024 battery business revenues of $44.84 million, a 51.5% year-on-year increase.
Gross margins for the battery business rose sharply to 41.2% year-on-year, up from 10.9%.
The battery business net income was $11.68 million, a significant increase from $0.11 million in the same period in 2023.
Overall net revenues increased by 38.7% year-on-year, improving gross margin to 31.9% from 6.9% a year ago.
CBAK anticipates a net income from the battery business of approximately $30.5 - $34.6 million for the full 2024 fiscal year after reporting a positive net income of $9.6 million.
CBAK的2024年第一季度電池業務收入爲4,484萬美元，同比增長51.5％。
電池業務的毛利率同比大幅上升至41.2％，高於10.9％。
電池業務淨收入爲1168萬美元，較2023年同期的11萬美元大幅增加。
總淨收入同比增長38.7％，毛利率從去年同期的6.9％提高到31.9％。
CBAK在公佈960萬美元的正淨收入後，預計2024財年電池業務的淨收入約爲3,050萬至3,460萬美元。
Business Progress:
業務進展：
Despite a 73.6% year-on-year decrease in revenues from electric vehicle batteries, revenues from energy storage application batteries rose substantially to $42.85 million, indicating a 66% increase.
Despite industry-wide downturns, CBAK's battery business continues to thrive, with a specific focus on expanding in the home and portable energy storage markets.
To enhance global market presence and market share, the company is currently in discussion with several major clients.
CBAK is committed to product innovation and market diversification, with their large cylindrical lithium-ion battery project making substantial progress.
The company plans to purchase production equipment in Q4 2024 and commence mass production by Q1 2025 while also considering technology transfers and licensing their battery technology in specific markets.
儘管電動汽車電池的收入同比下降了73.6％，但儲能應用電池的收入大幅增長至4285萬美元，增長了66％。
儘管全行業出現低迷，但CBAK的電池業務繼續蓬勃發展，特別側重於在家用和便攜式儲能市場擴張。
爲了提高全球市場佔有率和市場份額，該公司目前正在與幾個主要客戶進行討論。
CBAK致力於產品創新和市場多元化，其大型圓柱形鋰離子電池項目取得了實質性進展。
該公司計劃在2024年第四季度購買生產設備，並在2025年第一季度開始批量生產，同時還考慮在特定市場進行技術轉讓和電池技術許可。
More details: CBAK Energy Technology IR
更多詳情： CBAK 能源科技 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。