CBAK [CHINA BAK BATTERY] 8-K: China BAK Reports First Quarter Fiscal Year 2011
[China BAK Reports First Quarter Fiscal Year 2011 Financial Results Shenzhen, China January 28, 2011 Recent Achievements and Highlights Revenue increased 26.5% year-over-year and 14.3% quarter on quarter (Q1 2011 compared to Q4 2010) Revenues from high-power batteries more than tripled sequentially in Q1 2011 due to robust demand for batteries used in Energy Storage Solutions Gross margin improved]