中比能源 2026年季度报告

FORM 10-Q (Mark One)☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2026 ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to _____________ Commission File Number:001-32898 CBAK ENERGY TECHNOLOGY, INC.(Exact Name of Registrant as Specified in Its Charter) 88-0442833 BAK Industrial Park, Meigui StreetHuayuankou Economic ZoneDalian City, Liaoning Province,People’s Republic of China, 116450(Address of principal executive offices, Zip Code) (86)(411)-3918-5985(Registrant’s telephone number, including area code) (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicateby check mark whether the registrant has submitted electronically every Interactive Data File required to besubmittedpursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorterperiod that the registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☒Smaller reporting company☒Emerging growth company☐ Large accelerated filer☐Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ The number of shares outstanding of each of the issuer’s classes of common stock, as of May 14, 2026 is as follows: CBAK ENERGY TECHNOLOGY, INC. TABLE OF CONTENTS PART IFINANCIAL INFORMATIONItem 1.Financial Statements.1Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations.44Item 3.Quantitative and Qualitative Disclosures About Market Risk.55Item 4.Controls and Procedures.55PART IIOTHER INFORMATIONItem 1.Legal Proceedings.56Item 1A.Risk Factors.56Item 2.Unregistered Sales of Equity Securities and Use of Proceeds.56Item 3.Defaults Upon Senior Securities.56Item 4.Mine Safety Disclosures.56Item 5.Other Information.56Item 6.Exhibits.57 PART IFINANCIAL INFORMATION FINANCIAL STATEMENTSCBAK ENERGY TECHNOLOGY, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED FINANCIAL STATEMENTSFOR THE THREE MONTHS ENDEDMARCH 31, 2025 AND 2026 CBAK ENERGY TECHNOLOGY, INC.AND SUBSIDIARIES TABLE OF CONTENTS Contents Condensed Consolidated Balance Sheets as of December 31, 2025 and March 31, 2026 (unaudited)2Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) for the three months ended March31, 2025 and 2026 (unaudited)3Condensed Consolidated Statements of Changes in Shareholders’ Equity for the three months ended March 31, 2025 and2026 (unaudited)4Condensed Consolidated Statements of Cash Flows for the three months ended March 31, 2025 and 2026 (unaudited)5Notes to the Condensed Consolidated Financial Statements (unaudited)6 CBAK Energy Technology, Inc. and SubsidiariesCondensed Consolidated Statements of Changes in Shareholders’ EquityFor the three months ended March 31, 2025 and 2026(Unaudited)(In US$ except for number of shares) CBAK Energy Technology, Inc. and subsidiariesCondensed consolidated statements of cash flowsFor the three months ended March 31, 2025 and 2026(Unaudited)(In US$) CBAK Energy Technology, Inc. and subsidiariesNotes to the condensed consolidated financial statementsFor the three months ended March 31, 2025 and 2026(Unaudited)(In US$ except for number of shares) 1.Principal Activities, Basis of Presentation and Organization CBAK Energy Technology, Inc. (formerly known as China BAK Battery, Inc.) (“CBAK” or the “Company”) is a corporation formedin the State of Nevada on October 4, 1999 as Medina Copy, Inc. The Company changed its name to Medina Coffee, Inc. on October 6,1999 and subsequently changed its name to China BAK Battery, Inc. on February 14, 2005. CBAK and its subsidiaries (hereinafter,collectively referred to as the “Company”) are principally engaged in the manufacture, commercialization and distribution of a widevariety of standar