Smart Powerr Corp.

Listed Company

CREGCIK 0000721693NasdaqNon-AcceleratedSmaller ReportingServices-Business Services, NecNevadaFY ends Dec 31

Period

FY 2025

Revenue

$262.5K

Net Income

$-2.90M

Total Assets

$157.64M

Equity

$143.15M

Shares Out

22.96M

Op. Cash Flow

$66.91M

Business

Smart Powerr Corp. is a holding company that provides waste energy recycling and energy efficiency solutions primarily through its PRC subsidiaries. It designs, finances, constructs, installs, operates (under BOT) and transfers waste heat, waste pressure and waste gas to energy projects and also offers leasing, project investment, technical services and energy storage solution development. Key business units include subsidiaries such as Shanghai TCH, Xi’an TCH, Huahong, Erdos TCH, Xi’an Zhonghong, Yinghua and Zhongxun, which manage project development, EPC coordination and fund management. The company operates mainly in China, marketing directly to energy‑intensive industrial customers across provinces and via EPC contractors and local government relationships.

Summary from filing dated 2025-03-28

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	262,509	—	—	—	—
Cost of revenues	−145,895	—	—	—	—
Total Gross Profit	116,614	—	—	—	—
General and administrative	3	1	798,473	2	842,842
Total operating expenses	3	1	798,473	4	808,154
Loss from operations	−3	−1	−798,473	−4	−808,154
Interest income	113,866	132,349	251,668	431,489	414,468
Interest expense	−422,112	−478,328	−435,241	—	—
Other income (expenses), net	464,346	−105,568	339,251	−117,047	−172,096
Total non-operating income (expenses), net	156,100	−451,547	148,387	−507,242	−11
Loss before income tax	−3	−2	−650,086	−4	−12
Income tax expense	40,536	13,997	96,700	69,652	−53,140
Net loss	−3	−2	−746,786	−4	−12
Foreign currency translation profit/(loss)	6	−4	−2	—	—
Comprehensive income/(loss)	3	−6	−3	−16	−9
Weighted average shares used for computing basic loss per share (in Shares)	15	9	8	7	6
Weighted average shares used for computing diluted loss per share (in Shares)	15	9	8	7	6
Basic net loss per share (in Dollars per share)	−0.19	−0.18	−0.1	−0.61	−2.18
Diluted net loss per share (in Dollars per share)	−0.19	−0.18	−0.1	−0.61	−2.18

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash	40,156	25,341	32,370	139	152
VAT receivable	—	165,629	170,694	173,589	—
Advance to supplier	—	65	67	—	—
Short term loan receivables	157	56	69	—	—
Other receivables	32,853	49,747	48,519	49,690	880,612
Total current assets	157	121	136	139	153
Right-of-use asset, net	61,092	115,068	—	—	132,549
Intangible Asset, net	752,865	3,875	—	—	—
Fixed assets, net	4,045	—	3,994	4,653	5,728
Total non-current assets	818,002	118,943	3,994	4,653	155,469
TOTAL ASSETS	158	121	136	139	153
Accounts payable	122,240	68,003	70,083	71,271	77,854
Contract liabilities	107,249	—	—	—	—
Taxes payable	4	4	4	4	3
Accrued interest on notes	23,224	69,103	2,290	261,035	—
Notes payable, net of unamortized OID of $0 and $31,250, respectively	2	5	5	6	7
Accrued liabilities and other payables	3	3	3	3	632,808
Lease liability	61,092	58,529	—	62,178	67,920
Payable for purchase of 10% equity interest of Zhonghong	428,994	410,998	423,567	—	—
Interest payable on entrusted loans	347,591	341,129	341,459	347,249	—
Total current liabilities	11	13	24	24	24
Taxes payable	3	3	3	4	5
Lease liability	—	56,539	—	—	64,628
Total noncurrent liabilities	3	3	3	4	5
Total liabilities	14	17	27	28	29
CONTINGENCIES AND COMMITMENTS	—	—	—	—	—
Common stock, $0.001 par value; 100,000,000 shares authorized, 20,951,878 and 7,391,996 shares issued and outstanding	44,332	9,161	7,963	7,392	7,044
Additional paid in capital	202	166	165	—	—
Statutory reserve	15	15	15	15	15
Accumulated other comprehensive loss	−9	−14	−10	−8	3
Accumulated deficit	−65	−62	−60	−60	−55
Total stockholders equity	143	105	109	111	125
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	158	121	136	139	153

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of OID and debt issuing costs of notes	—	573,983	31,250	194,355	168,750
Bad debt expense	—	200,000	7,095	—	—
Depreciation of fixed assets	−170	119	—	—	—
Amortization of intangible assets	47,135	—	—	—	—
Stock compensation expense	831,520	—	—	—	—
Operating lease expenses	56,539	60,066	62,218	65,185	67,959
Interest expense	422,112	66,483	—	—	—
Advance to supplier	68	—	−68	857,500	—
Other receivables	18,765	−1,228	−5,280	7,822	3,610
Accounts payable	1,259	—	—	—	—
Contract Liabilities	107,249	4,571	—	—	—
Taxes payable	185,657	—	−11,774	1,086	−686,897
Payment of lease liability	−56,539	−60,066	−62,218	−65,185	−67,959
Accrued liabilities and other payables	124,798	499,945	367,436	3	434,495
Entrusted loan payable	—	−11	—	—	—
Net cash generated from (used in) operating activities	67	−11	−68	−351,880	−2
Short term loan receivable increase	−157	−56	—	—	—
Short term loan receivable collection	58	67	—	—	—
Acquisition of Intangible assets	−750,000	—	—	—	—
Net cash (used in) generated from investing activities	−99	11	−69	—	—
Issuance of common stock	32	—	—	—	38
Net cash provided by financing activity	32	—	—	—	43
EFFECT OF EXCHANGE RATE CHANGE ON CASH	441,228	−274,129	−2	—	—
NET INCREASE / (DECREASE) IN CASH	14,815	−7,029	−139	−13	44
Income tax paid	38,551	25,898	—	—	—
Interest paid	—	—	—	—	—
Right-of-use asset obtained in exchange for lease liabilities	—	1	—	—	—
Conversion of notes into common shares	3	11	—	—	—

Filings

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