Cenntro Inc. PP&E Disclosure
|
December 31, 2025
|
December 31, 2024
|
|||||||
|
At cost:
|
||||||||
|
Plant and building
|
$
|
14,497,063 |
$
|
13,856,845 |
||||
|
Land
|
1,063,270 |
1,063,270 |
||||||
|
Machinery and equipment
|
4,620,424 |
3,575,885 |
||||||
|
Leasehold improvement
|
924,396 |
1,545,417 |
||||||
|
Office equipment
|
2,152,609 |
2,497,514 |
||||||
|
Motor vehicles
|
1,321,308 |
1,412,266 |
||||||
|
Construction in progress
|
117,415 |
418,340 |
||||||
|
Total
|
24,696,485 |
24,369,537 |
||||||
|
Less: accumulated depreciation
|
(7,703,231 |
)
|
(6,019,046 |
)
|
||||
|
Impairment
|
(1,076,529 |
)
|
(949,485 |
)
|
||||
|
Property, plant and equipment, net
|
15,916,725 |
17,401,006 |
||||||
|
Less: property, plants and equipment, net, held for discontinued operations
|
- |
- |
||||||
|
Property, plants and equipment, net, held for continuing operations
|
$
|
15,916,725 |
$
|
17,401,006 |
||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Apr 15, 2026 | Showing above |
| 2024 | Apr 1, 2025 | |
| 2023 | Apr 1, 2024 | |
| 2022 | Jun 30, 2023 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.