Smart Powerr Corp. SEC 10-Q Report

Smart Powerr Corp., a company engaged in the energy sector with a focus on power station operation and maintenance, has released its Form 10-Q report for the second quarter of 2025. The report provides a detailed overview of the company's financial performance and business activities for the six months ended June 30, 2025.

Financial Highlights

Revenue: $82,839, reflecting the company's engagement in an Operation and Maintenance Contract for a power station.

Gross Profit: $35,421, resulting in a gross margin of 43% for the six months ended June 30, 2025.

Loss from operations: $(2,187,688), primarily due to increased general and administrative expenses.

Net loss: $(2,129,276), an increase from the previous year's loss, driven by rising operating expenses and the reversal of impairment provision.

Basic and diluted net loss per share: $(0.12), reflecting the company's financial performance for the period.

Business Highlights

Revenue Segments: The company signed an Operation and Maintenance Contract for a power station with a total amount of RMB1.8 million (US$0.2 million), starting from March 1, 2025, to February 28, 2035, for 10 years with a third party. Revenue is recognized based on the time period.

Geographical Performance: The company's operations are primarily conducted in the People's Republic of China (PRC), with all revenues derived from the operations of Shanghai TCH and its subsidiaries.

New Product Launches: The company is in the process of transforming and expanding into an energy storage integrated solution provider business, actively seeking opportunities to apply energy storage technologies to new industries or segments with high growth potential.

Future Outlook: The company plans to pursue disciplined and targeted expansion strategies for market areas it currently does not serve, focusing on applying energy storage technologies to industrial and commercial complexes, large-scale photovoltaic (PV) and wind power stations, remote islands without electricity, and smart energy cities with multi-energy supplies.

SEC Filing: Smart Powerr Corp. [ CREG ] - 10-Q - Aug. 14, 2025