China BAK Battery Inc.'s (CBAK) first-quarter net loss widened to $3.39 million from $1.74 million in the same quarter last year. Loss per share was $0.06, wider than $0.03 in the prior year period.
Net revenues for the first quarter of fiscal 2010 were $50.23 million, down 12.7% from $68.09 million in the same quarter last year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.