Smart Powerr Corp. balance sheet CREG

Annual Quarterly

As of Mar 31, 2026, Smart Powerr Corp. had total assets of $159.7 million and total liabilities of $11.9 million. Total assets were up 22.1% from a year earlier. Stockholders' equity was $147.7 million. It held $158.8 million in cash and investments against $62,472 of total debt, net cash of $158.7 million. The current ratio, current assets divided by current liabilities, was 18.49.

USD in millions, except ratios and per-share amounts. The percent under a figure is the change from the year before.

Line	FY 2026 Mar 31, 2026	FY 2025 Dec 31, 2025	FY 2024 Dec 31, 2024	FY 2023 Dec 31, 2023	FY 2022 Dec 31, 2022	FY 2021 Dec 31, 2021	FY 2020 Dec 31, 2020	FY 2019 Dec 31, 2019	FY 2018 Dec 31, 2018	FY 2017 Dec 31, 2017	FY 2016 Dec 31, 2016
Assets
Cash	159 +22.5%	0 +58.5%	0 -21.7%	0	—	152 +41.0%	108 +564.6%	16 -69.5%	53 +6.8%	50 +4.4%	48 +14.4%
Short-term investments	—	—	—	69	—	—	—	—	—	—	—
Long-term investments	—	—	—	—	—	—	—	—	0 -7.6%	1 -19.8%	1 -32.5%
Cash and investments	159 +22.5%	0 +58.5%	0 -100.0%	69	—	152 +41.0%	108 +545.7%	16 -69.5%	54 +6.7%	50 +4.0%	48 +13.3%
Receivables	—	—	—	—	—	—	0	—	—	—	—
Total current assets	159 +22.3%	157 +29.5%	121 -11.2%	136 -1.9%	139 -9.1%	153 +41.5%	108 +67.4%	65 -14.9%	76 -15.4%	90 +20.7%	74 +10.5%
Property and equipment, net	0 -99.5%	0 +4.4%	0 -3.0%	0 -14.2%	0 -18.8%	0	—	27 -1.6%	27 +229849.4%	0 -4.8%	0 -29.1%
Total assets	160 +22.1%	158 +30.0%	121 -11.2%	136 -1.9%	139 -9.2%	153 +11.8%	137 +10.7%	124 -27.8%	171 -26.0%	232 +9.9%	211 -33.5%
Liabilities and equity
Accounts payable	0 +5.2%	0 +79.8%	0 -3.0%	0 -1.7%	0 -8.5%	0 +2.3%	0 -96.5%	2 -60.7%	6 +73.2%	3 +114.3%	2 +252.3%
Total current liabilities	9 -34.1%	11 -14.9%	13 -45.1%	24 -2.1%	24 +2.1%	24 -38.8%	39 +7.7%	36 -52.8%	77 +15.8%	66 +22.8%	54 -5.2%
Total liabilities	12 -27.4%	14 -12.2%	17 -39.4%	27 -3.9%	28 -0.6%	29 -36.6%	45 -0.5%	45 -48.8%	88 +15.3%	77 +33.7%	57 -44.5%
Stockholders' equity	148 +29.2%	143 +36.7%	105 -4.1%	109 -1.4%	111 -11.2%	125 +35.4%	92 +17.2%	79 -9.3%	87 -44.2%	156 +1.3%	154 -28.1%
Debt
Debt due within a year	—	—	—	0	—	—	—	—	—	—	—
Long-term debt	—	—	—	—	—	—	22 +6.9%	21 -57.1%	48	—	—
Lease liabilities	0 -46.5%	0 -46.9%	0 +85.1%	—	0 -53.1%	0 +133.5%	—	0	—	—	—
Total debt	0 -46.5%	0 -46.9%	0 -13.3%	0 +13.5%	0 -53.1%	0 -99.4%	22 +6.9%	21 -56.9%	48	—	—
Net cash	159 +22.6%	-0 +76.7%	-0 -100.1%	69	—	152 +77.5%	86 +2201.7%	-5 -195.0%	5	—	—
Ratios
Current ratio	18.49x	14.07x	9.25x	5.72x	5.71x	6.41x	2.77x	1.78x	0.99x	1.35x	1.38x
Debt to equity	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.24x	0.26x	0.56x	—	—
Return on equity	-1.74%	-2.03%	-1.49%	-0.68%	-4.02%	-9.80%	4.40%	-11.16%	-76.10%	-4.72%	-31.45%
Return on assets	-1.61%	-1.84%	-1.29%	-0.55%	-3.20%	-7.98%	2.95%	-7.08%	-38.50%	-3.17%	-22.92%
Book value per share	6.43	6.83	14.17	13.72	14.99	17.71	29.01	38.68	84.24	18.71	18.48

How these figures are calculated

Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except ratios and per-share amounts. Cash and investments adds short-term and long-term marketable securities to cash. Debt due within a year is the borrowings that are not already in long-term debt. Total debt is those borrowings plus lease liabilities. Net cash is cash and investments minus total debt. Return on equity and return on assets divide the trailing twelve months of net income by the balance on that date. Debt to EBITDA uses the trailing twelve months of EBITDA. The first column is the latest balance sheet when it is newer than the latest fiscal year. More on our methodology.

Company profile

Industry: Services-Business Services, NEC (SIC 7389)
Listed as: CREG (OTC)
Fiscal year ends: December 31
Incorporated in: NV
Headquarters: Xi'An City, Shaanxi Province, China
SEC filer status: Non-accelerated filer, Smaller reporting company
SEC CIK: 721693
Former names: CHINA RECYCLING ENERGY CORP (until Feb 28, 2022); CHINA DIGITAL WIRELESS INC (until Mar 8, 2007); BOULDER ACQUISITIONS INC (until Aug 6, 2004); BOULDER BREWING CO (until Jan 28, 2002)

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Source: SEC EDGAR filings. This is company-reported data, not investment advice.