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China BAK Reports Third Quarter Fiscal 2008 Financial Results

[2008-7-31]

Tag : Polymer Lithium Battery

Net revenues for the third quarter of FY08 were $68.5 million, up33.4% from $51.3 million last quarter, and up 132.3% from $29.5million in the same quarter of fiscal year 2007 ("FY07").

Revenues from prismatic cells, including aluminum-case cells,steel-case cells and battery packs, were $52.3 million, up 22.5%from $42.7 million last quarter and up 113.9% from $24.5 million inthe third quarter of FY07. Revenues from aluminum-case cells were$33.8 million, up 11.5% from $30.3 million last quarter and up129.4% from $14.7 million in the third quarter of FY07. Revenuesfrom steel case cells were $10.0 million, up 70.5% from $5.9million last quarter, and up 90.5% from $5.3 million in the thirdquarter of FY07. Revenues from battery packs were $8.5 million, up29.8% from $6.6 million last quarter and up 90.2% from $4.5 millionin the third quarter of FY07.

Revenues from cylindrical cells, used in notebook computers, were$13.6 million, up 103.1% from $6.7 million last quarter and up1,297.9% from the third quarter of FY07.

Revenues from lithium polymer cells, used in personal electronicdevices such as PDAs, MP3 players and Bluetooth devices, were $2.5million in the third quarter of FY08, up 33.1% from last quarter,and up 182.0% from the same quarter of FY07.

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