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…
Earnings analysis · 10-Q
CREG earnings analysis
Filed May 15, 2026 · Our reading of the company's report
The latest report
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%,…
Read full summary
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.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Gross margin
- 50%
What stood out
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Revenue Surge
Total sales significantly increased to $108.4 million, up 426% from $20.6 million in Q1 2025.
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Improved Gross Margin
Gross margin improved to 50%, reflecting better cost management.
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Reduced Net Loss
Net loss decreased to $547,410 from $884,460 in the prior year, a reduction of $337,050.
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Reduction in Operating Expenses
Operating expenses dropped to $593,307, down from $1,171,209 in the previous year.
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Cash Position Increase
Cash and equivalents increased to $158.8 million, representing strong liquidity.
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Positive Segment Performance
Recognition of revenue from a new operations and maintenance contract valued at RMB3.0 million per annum.
What to watch
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Nasdaq Delisting Risk
The company received a notice of delisting from Nasdaq due to stock price falling below $1.00, potentially impacting liquidity.
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High Operating Losses
Despite reduced losses, net loss remains significant at $547,410 due to high operating costs.
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Dependence on Subsidiaries for Cash Flow
Restrictions due to PRC regulations may hinder the ability of subsidiaries to transfer cash to the parent company.
Management's outlook
No specific forward guidance provided.
Earlier filings 4
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 itself. Analysis can contain errors; check the source document for full context.