0001213900-26-036952
SEC filingCBAK Energy’s 2025 fiscal year results reflect product transition headwinds alongside targeted capacity investments to support long-term battery segment profitability.
Capital expenditures for the year funded targeted production capacity expansions, with capital improvement costs for one of the company’s facilities fully absorbed by the lessor, and applicable lease expenditures eligible for local tax offsets subject to specific regulatory criteria. Existing Phase I production lines operated at full capacity during 2025, and all production capacity from the new Phase II lines has been fully allocated to pending customer orders. Management anticipates the completed optimized capacity expansion will drive sustained margin expansion and profitability across the battery segment over time, while noting that a limited number of customers are expected to continue contributing a significant portion of sales in the near future.