Revenue: As of FY2026 Q1, the actual value is USD 108.35 K.EPS: As of FY2026 Q1, the actual value is USD -0.03.EBIT: As of FY2026 Q1, the actual value is USD -512.72 K.Smart Powerr Corp. (中国循环能源) reported that substantially all of its operations are conducted in one industry segment, with all assets located in the PRC, therefore no segmented financial data is presented.<h4>Operational Metrics (Three Months Ended March 31)</h4><ul><li>Revenue: Total sales for the three months ended March 31, 2026, increased to $108,353 from $20,625 for the same period in 2025, primarily from an Operation and Maintenance Contract for power stations.</li><li>Cost of Sales: Cost of sales was $53,683 for the three months ended March 31, 2026, compared to $11,806 for the same period in 2025.</li><li>Gross Profit: The company achieved a gross profit of $54,670 for the three months ended March 31, 2026, up from $8,819 in the prior year period.</li><li>Gross Margin: The gross margin was 50% for the three months ended March 31, 2026, increasing from 43% in the corresponding period of 2025.</li><li>Operating Expenses: Total operating expenses decreased to $593,307 for the three months ended March 31, 2026, from $1,171,209 for the same period in 2025, reflecting expense control.</li><li>Loss from Operations: Loss from operations improved to - $538,637 for the three months ended March 31, 2026, compared to - $1,162,390 for the same period in 2025.</li><li>Net Non-Operating Income: Net non-operating income was $64,141 for the three months ended March 31, 2026, a decrease from $311,849 in the prior year, mainly due to a non-recurring reversal of provision in Q1 2025.</li><li>Income Tax Expense: Income tax expense was $72,914 for the three months ended March 31, 2026, up from $33,919 for the same period in 2025.</li><li>Net Loss: The net loss decreased to - $547,410 for the three months ended March 31, 2026, from - $884,460 for the same period in 2025, attributed to controlled operating expenses and recognized revenue from a new contract.</li></ul><h4>Liquidity and Capital Resources (As of March 31, 2026)</h4><ul><li>Cash and Equivalents: Cash and equivalents totaled $158.8 million.</li><li>Working Capital: The company maintained working capital of $150.3 million.</li><li>Current Ratio: The current ratio was 18.5.</li><li>Debt-to-Equity Ratio: The debt-to-equity ratio was 0.09:1.</li></ul><h4>Cash Flow (Three Months Ended March 31)</h4><ul><li>Operating Activities: Net cash used in operating activities was - $125,927 for the three months ended March 31, 2026, a significant decrease from $64,627,345 net cash provided in the same period of 2025, primarily due to the non-recurrence of $65.6 million in advance payment collections from Q1 2025.</li><li>Investing Activities: Net cash generated from investing activities was $156,840,314 for the three months ended March 31, 2026, mainly from the collection of $156.8 million in short-term loan receivables, compared to $55,202,004 in the prior year period.</li><li>Financing Activities: There was no net cash provided by financing activities for the three months ended March 31, 2026, compared to $9,865,400 in the same period of 2025.</li></ul><h4>Future Outlook and Strategy</h4>Smart Powerr Corp. (中国循环能源) is actively transforming and expanding into an energy storage integrated solution provider business, focusing on high-growth potential industries such as industrial and commercial complexes and large-scale power stations. The company’s cash flow forecast indicates sufficient cash to fund operations for the next 12 months from the date of the financial statements’ issuance. However, the company received a Nasdaq delisting notice on May 1, 2026, for failing to meet the minimum bid price rule and is appealing this determination, with intentions to regain compliance, potentially through a reverse stock split.

Smart Powerr | 10-Q: FY2026 Q1 Revenue: USD 108.35 K