CREG earnings analysis
What we found in CREG's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
In Q1 2026, China Recycling Energy Corp. (CREG) reported a significant increase in revenue to $108.4 million, a rise from $20.6 million in Q1 2025, marking a 426% year-over-year growth. Gross margin improved to 50%, while net loss decreased by $337,050 compared to the previous year. However, operating expenses remained high, indicating continued operational challenges.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surge
- Total sales significantly increased to $108.4 million, up 426% from $20.6 million in Q1 2025.
- Improved Gross Margin
- Gross margin improved to 50%, reflecting better cost management.
- Reduced Net Loss
- Net loss decreased to $547,410 from $884,460 in the prior year, a reduction of $337,050.
- Reduction in Operating Expenses
- Operating expenses dropped to $593,307, down from $1,171,209 in the previous year.
- Cash Position Increase
- Cash and equivalents increased to $158.8 million, representing strong liquidity.
- Positive Segment Performance
- Recognition of revenue from a new operations and maintenance contract valued at RMB3.0 million per annum.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Nasdaq Delisting Risk
- The company received a notice of delisting from Nasdaq due to stock price falling below $1.00, potentially impacting liquidity.
- High Operating Losses
- Despite reduced losses, net loss remains significant at $547,410 due to high operating costs.
- Dependence on Subsidiaries for Cash Flow
- Restrictions due to PRC regulations may hinder the ability of subsidiaries to transfer cash to the parent company.
What they reported.
What the company itself reported, taken out of the document.
- Gross margin
- 50%
What they said about what is next.
No specific forward guidance provided.
The filing reads better than the one before it.
What came before.
- 10-K · March 31, 2026
- Smart Powerr (CREG) reports a 2025 revenue run-rate recovery with quarterly revenue of $20,625; $62,214; $90,820; and $88,850 (totaling $262,509 for the year) while management is “in the process of transforming and…
- 10-Q · November 13, 2025
- Smart Powerr Corp. reported quarterly revenue of $90,820 (Q3 2025) and gross margin of 48.7% while remaining loss-making: a three-month net loss of $300,374 (EPS $(0.08)). Cash jumped to $131,877,059 as of September 30,…
- 10-K · March 28, 2025
- Smart Powerr Corp., a holding company specializing in waste energy recycling solutions, continues to leverage its Build-Operate-Transfer model to provide customized energy recovery projects for clients in China. The…
- 10-Q · August 11, 2023
- Smart Powerr (CREG) reported zero revenue for the three months ended June 30, 2023 and continued to record losses. The company posted a three-month net loss of $247,842 (basic/diluted loss per share $0.03) while…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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