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CBAK Energy Technology, Inc.（CBAT）与进步能源（FLNC）财务数据对比。点击上方公司名可切换其他公司
进步能源的季度营收约是CBAK Energy Technology, Inc.的8.1倍（$475.2M vs $58.8M）。进步能源净利率更高（-9.5% vs -12.5%，领先3.1%）。进步能源同比增速更快（154.4% vs 131.8%）。CBAK Energy Technology, Inc.自由现金流更多（$16.1M vs $-232.6M）。过去两年CBAK Energy Technology, Inc.的营收复合增速更高（-0.0% vs -12.7%）
CBAK能源科技是一家专业从事锂离子电池研发、生产与销售的企业，产品涵盖高性能电芯、模组及电池包，主要服务新能源汽车、储能系统、消费电子等核心领域，业务覆盖中国及全球多个市场。
进步能源是一家电力生产与分销企业，并入杜克能源前为财富500强能源企业，总发电容量超21000兆瓦，年营收达90亿美元。公司总部位于北卡罗来纳州罗利，旗下拥有两家大型电力公用事业公司，为卡罗来纳州及佛罗里达州约310万用户提供服务。
CBAT vs FLNC — 直观对比
营收规模更大
FLNC
是对方的8.1倍
$58.8M
营收增速更快
FLNC
高出22.7%
131.8%
净利率更高
FLNC
高出3.1%
-12.5%
自由现金流更多
CBAT
多$248.7M
$-232.6M
两年增速更快
CBAT
近两年复合增速
-12.7%
损益表 — Q4 2025 vs Q1 2026
| 指标 | | |
|---|---|---|
| 营收 | $58.8M | $475.2M |
| 净利润 | $-7.4M | $-45.1M |
| 毛利率 | 7.3% | 4.9% |
| 营业利润率 | -13.6% | -14.8% |
| 净利率 | -12.5% | -9.5% |
| 营收同比 | 131.8% | 154.4% |
| 净利润同比 | -63.6% | -8.7% |
| 每股收益（稀释后） | $-0.08 | $-0.34 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CBATFLNC
| Q4 25 | $58.8M | $475.2M | ||
| Q3 25 | $60.9M | $1.0B | ||
| Q2 25 | $40.5M | $602.5M | ||
| Q1 25 | $34.9M | $431.6M | ||
| Q4 24 | $25.4M | $186.8M | ||
| Q3 24 | $44.6M | $1.2B | ||
| Q2 24 | $47.8M | $483.3M | ||
| Q1 24 | $58.8M | $623.1M |
净利润CBATFLNC
| Q4 25 | $-7.4M | $-45.1M | ||
| Q3 25 | $2.7M | $17.9M | ||
| Q2 25 | $-3.1M | $6.3M | ||
| Q1 25 | $-1.6M | $-31.0M | ||
| Q4 24 | $-4.5M | $-41.5M | ||
| Q3 24 | $17.6K | $47.8M | ||
| Q2 24 | $6.4M | $785.0K | ||
| Q1 24 | $9.8M | $-9.2M |
毛利率CBATFLNC
| Q4 25 | 7.3% | 4.9% | ||
| Q3 25 | 8.0% | 13.7% | ||
| Q2 25 | 11.0% | 14.8% | ||
| Q1 25 | 13.7% | 9.9% | ||
| Q4 24 | 13.1% | 11.4% | ||
| Q3 24 | 15.6% | 12.8% | ||
| Q2 24 | 26.6% | 17.2% | ||
| Q1 24 | 31.9% | 10.3% |
营业利润率CBATFLNC
| Q4 25 | -13.6% | -14.8% | ||
| Q3 25 | -6.6% | 4.4% | ||
| Q2 25 | -8.7% | 1.9% | ||
| Q1 25 | -8.2% | -10.2% | ||
| Q4 24 | -26.0% | -31.4% | ||
| Q3 24 | -1.9% | 6.2% | ||
| Q2 24 | 12.4% | 1.1% | ||
| Q1 24 | 17.4% | -2.3% |
净利率CBATFLNC
| Q4 25 | -12.5% | -9.5% | ||
| Q3 25 | 4.4% | 1.7% | ||
| Q2 25 | -7.6% | 1.0% | ||
| Q1 25 | -4.5% | -7.2% | ||
| Q4 24 | -17.8% | -22.2% | ||
| Q3 24 | 0.0% | 3.9% | ||
| Q2 24 | 13.5% | 0.2% | ||
| Q1 24 | 16.7% | -1.5% |
每股收益（稀释后）CBATFLNC
| Q4 25 | $-0.08 | $-0.34 | ||
| Q3 25 | $0.03 | $0.18 | ||
| Q2 25 | $-0.03 | $0.01 | ||
| Q1 25 | $-0.02 | $-0.24 | ||
| Q4 24 | $-0.05 | $-0.32 | ||
| Q3 24 | $0.00 | $0.34 | ||
| Q2 24 | $0.07 | $0.00 | ||
| Q1 24 | $0.11 | $-0.07 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $8.3M | $452.6M |
| 总债务越低越好 | $4.1M | — |
| 股东权益账面价值 | $112.7M | $388.0M |
| 总资产 | $426.2M | $2.3B |
| 负债/权益比越低杠杆越低 | 0.04× | — |
8季度趋势，按日历期对齐
现金及短期投资CBATFLNC
| Q4 25 | $8.3M | $452.6M | ||
| Q3 25 | $10.5M | $690.8M | ||
| Q2 25 | $45.7M | $436.3M | ||
| Q1 25 | $9.6M | $568.6M | ||
| Q4 24 | $11.0M | $607.4M | ||
| Q3 24 | $24.2M | $448.7M | ||
| Q2 24 | $44.1M | $388.2M | ||
| Q1 24 | $23.8M | $411.8M |
总债务CBATFLNC
| Q4 25 | $4.1M | — | ||
| Q3 25 | $4.8M | — | ||
| Q2 25 | $4.9M | — | ||
| Q1 25 | $4.1M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
股东权益CBATFLNC
| Q4 25 | $112.7M | $388.0M | ||
| Q3 25 | $121.4M | $429.6M | ||
| Q2 25 | $118.2M | $407.4M | ||
| Q1 25 | $120.8M | $388.2M | ||
| Q4 24 | $121.7M | $409.4M | ||
| Q3 24 | $131.2M | $472.1M | ||
| Q2 24 | $126.6M | $421.2M | ||
| Q1 24 | $120.9M | $413.1M |
总资产CBATFLNC
| Q4 25 | $426.2M | $2.3B | ||
| Q3 25 | $363.9M | $2.4B | ||
| Q2 25 | $333.1M | $2.1B | ||
| Q1 25 | $311.5M | $2.3B | ||
| Q4 24 | $302.2M | $2.2B | ||
| Q3 24 | $293.5M | $1.9B | ||
| Q2 24 | $279.6M | $1.7B | ||
| Q1 24 | $286.5M | $1.5B |
负债/权益比CBATFLNC
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.04× | — | ||
| Q1 25 | 0.03× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $29.8M | $-226.8M |
| 自由现金流经营现金流 - 资本支出 | $16.1M | $-232.6M |
| 自由现金流率自由现金流/营收 | 27.3% | -48.9% |
| 资本支出强度资本支出/营收 | 23.4% | 1.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $3.9M | $-179.7M |
8季度趋势，按日历期对齐
经营现金流CBATFLNC
| Q4 25 | $29.8M | $-226.8M | ||
| Q3 25 | $14.6M | $265.7M | ||
| Q2 25 | $13.8M | $-153.9M | ||
| Q1 25 | $-9.6M | $-46.2M | ||
| Q4 24 | $9.6M | $-211.2M | ||
| Q3 24 | $19.7M | $10.5M | ||
| Q2 24 | $2.9M | $-21.1M | ||
| Q1 24 | $7.4M | $70.9M |
自由现金流CBATFLNC
| Q4 25 | $16.1M | $-232.6M | ||
| Q3 25 | $6.0M | $260.9M | ||
| Q2 25 | $4.1M | $-157.4M | ||
| Q1 25 | $-22.3M | $-50.5M | ||
| Q4 24 | $3.9M | $-213.3M | ||
| Q3 24 | $16.5M | $7.3M | ||
| Q2 24 | $2.5M | $-23.5M | ||
| Q1 24 | $-454.0K | $69.9M |
自由现金流率CBATFLNC
| Q4 25 | 27.3% | -48.9% | ||
| Q3 25 | 9.9% | 25.0% | ||
| Q2 25 | 10.2% | -26.1% | ||
| Q1 25 | -63.9% | -11.7% | ||
| Q4 24 | 15.5% | -114.2% | ||
| Q3 24 | 37.1% | 0.6% | ||
| Q2 24 | 5.2% | -4.9% | ||
| Q1 24 | -0.8% | 11.2% |
资本支出强度CBATFLNC
| Q4 25 | 23.4% | 1.2% | ||
| Q3 25 | 14.1% | 0.5% | ||
| Q2 25 | 23.8% | 0.6% | ||
| Q1 25 | 36.3% | 1.0% | ||
| Q4 24 | 22.5% | 1.1% | ||
| Q3 24 | 7.0% | 0.3% | ||
| Q2 24 | 0.9% | 0.5% | ||
| Q1 24 | 13.4% | 0.2% |
现金转化率CBATFLNC
| Q4 25 | — | — | ||
| Q3 25 | 5.51× | 14.81× | ||
| Q2 25 | — | -24.61× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 1115.72× | 0.22× | ||
| Q2 24 | 0.46× | -26.87× | ||
| Q1 24 | 0.76× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CBAT
| Manufacturing Lithium Batteries | $28.0M | 48% |
| Residential Energy Supply And Uninterruptable Supplies | $17.8M | 30% |
| Light Electric Vehicles | $12.9M | 22% |
| Precursor | $108.0K | 0% |
FLNC
| Products | $450.9M | 95% |
| Services | $22.5M | 5% |
| Digital Applications And Solutions | $1.9M | 0% |
