CBAK Energy Technology, Inc. Files Amendment No. 1 to Annual Report on Form 10-K

TL;DR

<b>CBAK Energy Technology, Inc. has filed an amendment to its 2023 annual report on Form 10-K.</b>

AI Summary

CBAK Energy Technology, Inc. (CBAT) filed a Amended Annual Report (10-K/A) with the SEC on April 29, 2024. CBAK Energy Technology, Inc. filed an amendment (No. 1) to its annual report on Form 10-K for the fiscal year ended December 31, 2023. The filing was submitted on April 29, 2024. The company's principal executive offices are located in Dalian City, Liaoning Province, China. CBAK Energy Technology, Inc. is registered in Nevada and its IRS Employer Identification Number is 88-0442833. The company's common stock trades under the symbol CBAT on The Nasdaq Stock Market LLC.

Why It Matters

For investors and stakeholders tracking CBAK Energy Technology, Inc., this filing contains several important signals. This amendment indicates that the company is providing updated or corrected information for its fiscal year 2023 financial reporting. The filing ensures compliance with SEC regulations for publicly traded companies, providing stakeholders with the most current and accurate financial disclosures.

Risk Assessment

Risk Level: low — CBAK Energy Technology, Inc. shows low risk based on this filing. The filing is an amendment to a previous report, suggesting potential corrections or additions rather than new material events, thus posing a low immediate risk.

Analyst Insight

Review the specific changes made in Amendment No. 1 to the 10-K filing to understand any updated financial details or disclosures from CBAK Energy Technology, Inc.

Key Numbers

• 2023-12-31 — Fiscal Year End (Annual Report period)
• 2024-04-29 — Filing Date (Date of Amendment No. 1 submission)
• 001-32898 — SEC File Number (Commission File Number for CBAK Energy Technology, Inc.)
• 88-0442833 — IRS Number (Company's IRS Employer Identification Number)

Key Players & Entities

• CBAK Energy Technology, Inc. (company) — Registrant name
• CBAT (company) — Trading Symbol
• The Nasdaq Stock Market LLC (company) — Exchange where common stock is registered
• 2023-12-31 (date) — Fiscal year end
• 2024-04-29 (date) — Filing date
• Nevada (jurisdiction) — State of incorporation

FAQ

Industry Context

The company operates in the miscellaneous electrical machinery, equipment, and supplies sector.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, specifically Section 13 or 15(d) for annual reports.

What Investors Should Do

1. Examine the content of Amendment No. 1 to the 10-K for specific changes and updates.
2. Verify the accuracy of financial and operational data presented in the amended filing.
3. Monitor future filings for any new information or trends emerging from CBAK Energy Technology, Inc.

Year-Over-Year Comparison

This is an amendment to the previously filed 10-K for the fiscal year ended December 31, 2023. The amendment number is 1.

Key Financial Figures

• $0.001 — ange on which registered Common Stock, $0.001 par value CBAT The Nasdaq Stock Market
• $1.22 — s (based upon the closing sale price of $1.22 per share) was approximately $ 95.2 mil

Filing Documents

• ea0204776-10ka1_cbakenergy.htm (10-K/A) — 256KB
• ea020477601ex31-3_cbak.htm (EX-31.3) — 3KB
• ea020477601ex31-4_cbak.htm (EX-31.4) — 3KB
• 0001213900-24-036832.txt (&nbsp;) — 528KB
• cbat-20231231.xsd (EX-101.SCH) — 3KB
• cbat-20231231_def.xml (EX-101.DEF) — 17KB
• cbat-20231231_lab.xml (EX-101.LAB) — 36KB
• cbat-20231231_pre.xml (EX-101.PRE) — 18KB
• ea0204776-10ka1_cbakenergy_htm.xml (XML) — 7KB

Executive Compensation

Executive Compensation 7 Item 12.

Security Ownership of Certain Beneficial Owners and

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 10 Item 13. Certain Relationships and Related Transactions, and Director Independence 13 Item 14. Principal Accountant Fees and Services 16 PART IV Item 15. Exhibits, Financial Statement Schedules 16 i PART III

DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE. Directors and Executive Officers The following sets forth the name and position of each of our current executive officers and directors. Name Age Gender Position Yunfei Li 58 Male Chairman of the Board, President and Chief Executive Officer Xiangyu Pei 34 Female Director Martha C. Agee 69 Female Independent Director J. Simon Xue 70 Male Independent Director Jianjun He 52 Male Independent Director Jiewei Li 34 Male Chief Financial Officer and Secretary Yunfei Li has served as the chairman of our board, our president and chief executive officer since March 1, 2016. Mr. Yunfei Li has more than 20 years of management experience in industries of battery, new energy and real estate development. Since May 2014, he has been Vice President of the Company's subsidiary, CBAK Power in charge of the company's construction of manufacturing facilities, government relationship and development of new customers. From May 2010 to May 2014, Mr. Yunfei Li held management positions of various new energy development and real estate development companies in China. Prior to that, he was Director of Construction Department, Director of Comprehensive Management Department and Assistant to President of Shenzhen BAK Battery Co., Ltd., a former subsidiary of the Company, from March 2003 to May 2010. Mr. Yunfei Li holds a bachelor's degree in Civil Engineering from Liao Yuan Vocational Technical College. Xiangyu Pei served as our Interim Chief Financial Officer from August 23, 2019 to August 22, 2023. After resigning as our Interim Chief Financial Officer, she has continued to serve in our finance department. Prior to that, she served as the financial controller of the Company's subsidiary, CBAK Power since 2017. Ms. Pei was also the Company's secretary from 2017 to August 2023. While serving as our Interim Chief Financial Officer, she oversaw auditing, accounting, financ

View Full Filing

View this 10-K/A filing on SEC EDGAR