China BAK Battery, Inc. (CBAK) reported fourth quarter net loss of $1.36 million or $0.02 per share, compared to a net income of $1.47 million or $0.03 per share last year.
Net revenues for the quarter dropped to $57.55 million from $72.74 million in the previous year.
Looking ahead, the company expects fiscal 2010 revenue to be in the range of $270 million to $310 million.
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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.