Is CBAT a good long-term investment?

**CBAK Energy Technology Inc. (CBAT) shows potential for a good long-term investment**, considering the following factors:

1. **Resilience in Battery Segment**: The battery segment revenue increased by 2.7% to $136.59 million for the year, with a significant rise in gross profit by 37.58% to $43.05 million. The gross profit margin expanded to 31.5%, an increase of 7.7 percentage points from 2023. This indicates a strong and improving profitability in the battery segment.
2. **Improving Financial Performance**: The company reported a net income of $9.6 million for the year, a significant improvement from a net loss of $8.5 million in 2023. The gross profit for the year was $41.8 million, up from $31.7 million in the prior year. This demonstrates a turnaround in financial performance, which is a positive sign for long-term investors.
3. **Capacity Expansion and Product Upgrading**: CBAK is expanding its production capacity, with plans to add 3 gigawatt-hours of capacity by the end of 2025. This expansion is likely to increase the company's output and market share in the battery industry. Additionally, the company is actively upgrading its product portfolio to meet surging demand.
4. **Positive Market Sentiment**: Despite a 13.61% revenue decline in FY24 to $176.61 million, attributed to the underperformance of the Hitrans segment, the market seems to be responding positively to the company's resilience in the battery market. The stock price has shown movement higher after the company announced securing orders from Anker Innovations.
5. **Technical Indicators**: From a technical analysis perspective, the stock's 120-day moving average is $0.89, its 200-day moving average is $0.99, and its 250-day moving average is $1.05. These long-term moving averages are above the current trading price, suggesting a potential for the stock to move upwards in the long term.

However, it's important to note that investing in CBAT, or any stock, involves risks, and potential investors should conduct their own due diligence and consider their investment goals, risk tolerance, and time horizon. The current technical indicators and recent earnings performance suggest that CBAT could be a good long-term investment, but it's crucial to monitor the company's operational performance and market dynamics closely.