CREG
CREG
Smart Powerr Corp.Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $90.82K ▲ | $257.7K ▼ | $-300.37K ▲ | -330.74% ▲ | $-0.12 ▲ | $-180.7K ▲ |
| Q2-2025 | $62.21K ▲ | $1.05M ▼ | $-1.24M ▼ | -2K% ▲ | $-0.51 ▲ | $-982.78K ▼ |
| Q1-2025 | $20.63K ▲ | $1.17M ▲ | $-884.46K ▼ | -4.29K% ▼ | $-0.87 ▼ | $-850.54K ▼ |
| Q4-2024 | $0 | $284.88K ▲ | $-606.73K ▼ | 0% | $-0.67 ▼ | $-371.37K ▼ |
| Q3-2024 | $0 | $188.29K | $-262.73K | 0% | $-0.3 | $-163.21K |
What's going well?
Revenue grew strongly this quarter, and both gross profit and margins improved. Net losses shrank significantly compared to last quarter, showing some progress.
What's concerning?
The company is still losing much more money than it brings in, with overhead costs far outpacing sales. There is no spending on R&D or sales and marketing, raising questions about future growth.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $131.88M ▲ | $132.97M ▲ | $14.75M ▼ | $118.22M ▲ |
| Q2-2025 | $131.11M ▲ | $132.21M ▲ | $16.12M ▼ | $116.09M ▲ |
| Q1-2025 | $129.6M ▲ | $130.75M ▲ | $16.45M ▼ | $114.3M ▲ |
| Q4-2024 | $25.34K ▼ | $121.23M ▼ | $16.5M ▼ | $104.73M ▼ |
| Q3-2024 | $69.12M | $137.65M | $27.42M | $110.24M |
What's financially strong about this company?
The company has nearly all its assets in cash, very little debt, and a huge cushion to cover any bills. Liquidity is excellent, and the company could weather a long downturn without financial stress.
What are the financial risks or weaknesses?
Retained earnings are negative, showing the company hasn't been profitable over its history. There is little investment in physical assets, which could limit future growth.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-300.37K ▲ | $-53.02K ▲ | $0 | $0 | $762.1K ▼ | $-53.02K ▲ |
| Q2-2025 | $-1.24M ▼ | $-131.33K ▼ | $0 ▼ | $0 ▼ | $1.52M ▼ | $-916.2K ▼ |
| Q1-2025 | $-884.46K ▼ | $64.63M ▲ | $55.2M ▲ | $9.87M ▲ | $129.57M ▲ | $64.63M ▲ |
| Q4-2024 | $-606.73K ▼ | $-10.43M ▼ | $-57.47M ▼ | $0 | $-69.09M ▼ | $-10.43M ▼ |
| Q3-2024 | $-262.73K | $-82.54K | $-39.99K | $0 | $1.02M | $-82.54K |
What's strong about this company's cash flow?
The company has a massive cash reserve of $131.9 million and is burning much less cash than last quarter. No debt or outside funding is needed, so it can weather losses for a long time.
What are the cash flow concerns?
The business is still losing money and burning cash, even if at a slower rate. No sign of positive cash flow or shareholder returns, and working capital is starting to drain cash.
5-Year Trend Analysis
A comprehensive look at Smart Powerr Corp.'s financial evolution and strategic trajectory over the past five years.
The company retains some notable strengths despite its current difficulties. Its balance sheet still shows meaningful shareholder equity and relatively low financial leverage, providing a structural cushion even as cash has been depleted. Historically, it has executed complex energy infrastructure projects, giving it experience that can be relevant to microgrids and integrated charging solutions. The new strategic partnerships bring potential access to advanced battery and energy management know-how, positioning Smart Powerr in segments with strong long-term demand drivers such as electrification and renewable integration.
Risks are substantial and concentrated in liquidity, execution, and competitive dynamics. The business currently generates no revenue, suffers ongoing losses, and burns cash from operations, leaving it reliant on external financing to continue operating and to fund its strategic pivot. Cash reserves have been nearly exhausted, and short-term liquidity metrics are weak, raising questions about the company’s ability to bridge the gap until new businesses ramp up. At the same time, Smart Powerr is entering highly competitive markets without visible R&D investment, making it vulnerable to being out-innovated or out-scaled by stronger rivals. Dilution risk, project delays, and regulatory or policy changes in energy and EV infrastructure add further uncertainty.
The outlook is that of a high-uncertainty turnaround story. On one hand, the targeted markets—energy storage, microgrids, and EV ultra-fast charging—are structurally attractive and align with global decarbonization trends. On the other hand, Smart Powerr’s financial weakness, lack of current revenue, and limited track record in these new segments mean that success is far from assured. The future trajectory will hinge on the company’s ability to secure and execute real projects quickly, restore positive operating cash flow, and stabilize its balance sheet. Until there is clear evidence of sustained revenue from the new strategy, the company’s path forward remains fragile and heavily execution-dependent.
About Smart Powerr Corp.
https://www.creg-cn.comSmart Powerr Corp. engages in the recycling energy business in China. The company designs, finances, constructs, installs, operates, and transfers waste energy recycling projects to mid- to large-size enterprises involved in high energy-consuming businesses.
Income Statement
| Period | Revenue | Operating Expense | Net Income | Net Profit Margin | Earnings Per Share | EBITDA |
|---|---|---|---|---|---|---|
| Q3-2025 | $90.82K ▲ | $257.7K ▼ | $-300.37K ▲ | -330.74% ▲ | $-0.12 ▲ | $-180.7K ▲ |
| Q2-2025 | $62.21K ▲ | $1.05M ▼ | $-1.24M ▼ | -2K% ▲ | $-0.51 ▲ | $-982.78K ▼ |
| Q1-2025 | $20.63K ▲ | $1.17M ▲ | $-884.46K ▼ | -4.29K% ▼ | $-0.87 ▼ | $-850.54K ▼ |
| Q4-2024 | $0 | $284.88K ▲ | $-606.73K ▼ | 0% | $-0.67 ▼ | $-371.37K ▼ |
| Q3-2024 | $0 | $188.29K | $-262.73K | 0% | $-0.3 | $-163.21K |
What's going well?
Revenue grew strongly this quarter, and both gross profit and margins improved. Net losses shrank significantly compared to last quarter, showing some progress.
What's concerning?
The company is still losing much more money than it brings in, with overhead costs far outpacing sales. There is no spending on R&D or sales and marketing, raising questions about future growth.
Balance Statement
| Period | Cash & Short-term | Total Assets | Total Liabilities | Total Equity |
|---|---|---|---|---|
| Q3-2025 | $131.88M ▲ | $132.97M ▲ | $14.75M ▼ | $118.22M ▲ |
| Q2-2025 | $131.11M ▲ | $132.21M ▲ | $16.12M ▼ | $116.09M ▲ |
| Q1-2025 | $129.6M ▲ | $130.75M ▲ | $16.45M ▼ | $114.3M ▲ |
| Q4-2024 | $25.34K ▼ | $121.23M ▼ | $16.5M ▼ | $104.73M ▼ |
| Q3-2024 | $69.12M | $137.65M | $27.42M | $110.24M |
What's financially strong about this company?
The company has nearly all its assets in cash, very little debt, and a huge cushion to cover any bills. Liquidity is excellent, and the company could weather a long downturn without financial stress.
What are the financial risks or weaknesses?
Retained earnings are negative, showing the company hasn't been profitable over its history. There is little investment in physical assets, which could limit future growth.
Cash Flow Statement
| Period | Net Income | Cash From Operations | Cash From Investing | Cash From Financing | Net Change | Free Cash Flow |
|---|---|---|---|---|---|---|
| Q3-2025 | $-300.37K ▲ | $-53.02K ▲ | $0 | $0 | $762.1K ▼ | $-53.02K ▲ |
| Q2-2025 | $-1.24M ▼ | $-131.33K ▼ | $0 ▼ | $0 ▼ | $1.52M ▼ | $-916.2K ▼ |
| Q1-2025 | $-884.46K ▼ | $64.63M ▲ | $55.2M ▲ | $9.87M ▲ | $129.57M ▲ | $64.63M ▲ |
| Q4-2024 | $-606.73K ▼ | $-10.43M ▼ | $-57.47M ▼ | $0 | $-69.09M ▼ | $-10.43M ▼ |
| Q3-2024 | $-262.73K | $-82.54K | $-39.99K | $0 | $1.02M | $-82.54K |
What's strong about this company's cash flow?
The company has a massive cash reserve of $131.9 million and is burning much less cash than last quarter. No debt or outside funding is needed, so it can weather losses for a long time.
What are the cash flow concerns?
The business is still losing money and burning cash, even if at a slower rate. No sign of positive cash flow or shareholder returns, and working capital is starting to drain cash.
5-Year Trend Analysis
A comprehensive look at Smart Powerr Corp.'s financial evolution and strategic trajectory over the past five years.
The company retains some notable strengths despite its current difficulties. Its balance sheet still shows meaningful shareholder equity and relatively low financial leverage, providing a structural cushion even as cash has been depleted. Historically, it has executed complex energy infrastructure projects, giving it experience that can be relevant to microgrids and integrated charging solutions. The new strategic partnerships bring potential access to advanced battery and energy management know-how, positioning Smart Powerr in segments with strong long-term demand drivers such as electrification and renewable integration.
Risks are substantial and concentrated in liquidity, execution, and competitive dynamics. The business currently generates no revenue, suffers ongoing losses, and burns cash from operations, leaving it reliant on external financing to continue operating and to fund its strategic pivot. Cash reserves have been nearly exhausted, and short-term liquidity metrics are weak, raising questions about the company’s ability to bridge the gap until new businesses ramp up. At the same time, Smart Powerr is entering highly competitive markets without visible R&D investment, making it vulnerable to being out-innovated or out-scaled by stronger rivals. Dilution risk, project delays, and regulatory or policy changes in energy and EV infrastructure add further uncertainty.
The outlook is that of a high-uncertainty turnaround story. On one hand, the targeted markets—energy storage, microgrids, and EV ultra-fast charging—are structurally attractive and align with global decarbonization trends. On the other hand, Smart Powerr’s financial weakness, lack of current revenue, and limited track record in these new segments mean that success is far from assured. The future trajectory will hinge on the company’s ability to secure and execute real projects quickly, restore positive operating cash flow, and stabilize its balance sheet. Until there is clear evidence of sustained revenue from the new strategy, the company’s path forward remains fragile and heavily execution-dependent.

CEO
Guohua Ku
Compensation Summary
(Year 2024)
Upcoming Earnings
Split Record
| Date | Type | Ratio |
|---|---|---|
| 2025-07-18 | Reverse | 1:10 |
| 2020-04-15 | Reverse | 1:10 |
Ratings Snapshot
Rating : B-
Price Target
Institutional Ownership
Summary
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