Smart Powerr Corp. (CREG): Business Model Canvas [Dec-2025 Updated]

You're looking at Smart Powerr Corp.'s business model right now, and honestly, it's a fascinating pivot point; they are trying to balance old-school waste-to-energy projects with brand-new green tech plays like Metaverse integration. To be fair, the numbers show the strain of this transition: they closed the books with $131.88 million in cash but only pulled in $173.7k in revenue over the last twelve months, which is why that $20 million private placement in October 2025 and regaining Nasdaq compliance in August 2025 were absolutely critical moves. This canvas lays out exactly how they plan to turn that cash pile into sustainable value through partnerships with firms like Shidai Huazhi and LAMY Inc., so dig in to see the full structure.

Smart Powerr Corp. (CREG) - Canvas Business Model: Key Partnerships

You're looking at the core alliances Smart Powerr Corp. (CREG) is relying on to push its new energy initiatives forward as of late 2025. These aren't just handshake deals; they involve specific operational and financial commitments that shape the company's near-term strategy.

Shidai Huazhi for integrated photovoltaic and charging solutions

The strategic cooperation agreement with Shidai Huazhi (Jiangsu) Energy Technology Co., Ltd., signed on March 31, 2025, is central to CREG's move into integrated energy infrastructure. This partnership focuses on developing ultra-fast charging stations that combine photovoltaic, energy storage, charging, and inspection capabilities. The actual controller of Shidai Huazhi, Mr. Huang Shilin, brings experience from his time as general manager at Contemporary Amperex Technology Co., Limited (CATL). This collaboration is designed to create demonstration urban energy infrastructure solutions.

The expected financial and environmental impact per station is concrete:

• Expected annual electricity bill savings per station: over one million yuan.
• Expected annual carbon emission reduction per station: over one thousand tons.

The parties are also exploring a deeper capital-level tie-up, potentially forming a joint venture subsidiary. This is a defintely significant step beyond simple supply agreements.

LAMY Inc. for Green Energy NFTs and Metaverse projects

Smart Powerr Corp. announced a partnership with LAMY Inc. (OTC PINK:LMMY) on April 11, 2025, to launch Green Energy NFTs and a Metaverse-based energy storage demonstration project. This alliance marries CREG's energy storage expertise with LAMY's TwoPlus1® gamified education platform. The goal is to expand energy storage technology applications into Web3 and educational environments, creating new monetization avenues through digital collectibles.

The key components of this digital partnership include:

• Development of green energy NFTs backed by real-world energy storage projects.
• Creation of a Metaverse-based energy storage demonstration platform for interactive learning.

Specific financial figures related to NFT sales volume or Metaverse platform investment from this partnership as of late 2025 were not publicly detailed in the latest filings.

Equipment suppliers for waste energy recycling systems

Smart Powerr Corp. fundamentally relies on its supply chain for the core waste-to-energy recycling systems, which use the Build-Operate-Transfer (BOT) model for industries like nonferrous metal plants. While the specific list of key equipment suppliers and their contract values isn't itemized in recent public disclosures, the overall financial structure reflects the capital intensity of these projects. For instance, the company's overall Debt / Equity ratio stood at a low 0.03, suggesting that project financing, whether through debt or equity infusions, is a critical component in acquiring and deploying this equipment.

Financial institutions for project financing and leasing services

While direct leasing agreements with financial institutions aren't itemized, the company's capital raising activities in 2025 show its reliance on capital markets to fund operations and strategic growth, which often underpins project financing structures. The company completed a registered direct offering on March 12, 2025, selling 4,060,000 shares at $0.61 per share. Separately, on January 3, 2025, a securities purchase agreement was finalized issuing 900,000 shares at $0.62 per share plus pre-funded warrants. These capital infusions directly support the deployment of projects that would otherwise require external project financing or leasing.

Here's a snapshot of the financial health supporting these capital-intensive partnerships as of late 2025:

The company's strong Current Ratio of 8.97 and very low Debt/Equity of 0.03 indicate a solid, though small-cap, balance sheet position to secure favorable terms when engaging with financial institutions for future project funding.

Smart Powerr Corp. (CREG) - Canvas Business Model: Key Activities

You're looking at the core actions Smart Powerr Corp. (CREG) took to manage its structure and advance its projects through late 2025. These activities show a heavy focus on corporate finance maneuvers alongside project execution.

Designing and installing waste energy recycling projects

Smart Powerr Corp. continues to execute its core business using the Build-Operate-Transfer ("BOT") model to deliver energy saving and recovery facilities. This involves designing, financing, constructing, and installing waste energy recycling projects for mid to large-size enterprises in China.

The primary focus for these systems is allowing customers to recapture previously wasted pressure, heat, and gas from manufacturing processes to generate on-site electricity. The company currently offers these waste energy recycling systems specifically to companies operating in nonferrous metal plants.

The market reach for these recovery projects includes several energy-intensive sectors:

• Steel manufacturers
• Cement producers
• Nonferrous metal plants
• Coal industry participants
• Petrochemical industries

Also, Smart Powerr Corp. is developing related technological activities. In March 2025, the company reached a Strategic Cooperation to build an integrated industrial ecology involving optical storage, charging, and inspection. Furthermore, an April 2025 partnership launched Green Energy NFTs and a Metaverse-Based Energy Storage Demonstration Project.

Financial restructuring, including the 1-for-10 reverse stock split

A major key activity was the financial restructuring necessary to maintain exchange listing. This involved a 1-for-10 reverse stock split, which became effective after market close on July 17, 2025, with post-split trading beginning July 18, 2025. This action was primarily intended to bring the company into compliance with the Nasdaq Capital Market minimum bid price requirement.

Here's the quick math on the structural change:

The company successfully regained compliance with the Nasdaq minimum bid price requirement on August 1, 2025. This restructuring followed earlier capital-raising efforts; for instance, a registered direct offering finalized around March 2025 involved issuing 4,060,000 shares at $0.61 per share, plus pre-funded warrants for an additional 2,340,000 shares.

Securing capital via private placements, like the $20M raise in October 2025

Securing external capital through equity financing was a critical activity in late 2025. Smart Powerr Corp. completed a significant private placement raise in October 2025, bringing in $20M. This capital infusion supports ongoing operations and expansion plans.

The company's financial activities in October 2025 also included specific asset transactions, as detailed in board documents:

• Purchase of Energy Storage: $24,273,333 (Over 5 Years)
• Sale of Resource Adequacy: -$881,500 (1 Year or less)

To give you context on the operating performance leading into these financial activities, the Q3 2025 Earnings Per Share (EPS) was reported as -$0.08, and the trailing EPS stood at -$1.73. The Net Income (ttm) was -$3.04M.

The Sales, General and Admin expenses for the period ending 12/31/2024 were $1,093 (in USD Thousands).

Smart Powerr Corp. (CREG) - Canvas Business Model: Key Resources

You're looking at the core assets Smart Powerr Corp. (CREG) relies on to execute its business model, and honestly, the balance sheet is a major talking point right now. The most significant tangible resource is definitely the cash position. As of the trailing twelve months ending September 30, 2025, Smart Powerr Corp. held $131.88 million in Cash & Cash Equivalents. That's a solid war chest, especially when you look at the debt side of things. They report only $3.12 million in total debt, which gives them a very healthy net cash position of $128.76 million as of that same period. This liquidity is crucial for a company in transition.

Here's a quick look at that financial snapshot:

On the intangible side, the intellectual property in waste gas-to-energy technology is central to their value proposition. This proprietary know-how allows Smart Powerr Corp. to capture wasted pressure, heat, and gas from energy-intensive industries to generate electricity for customers using their Build-Operate-Transfer model. Still, the human capital required to deploy and manage this tech is surprisingly lean. The specialized engineering and project management team is noted as having only 14 employees. That's a small crew managing complex industrial energy solutions; it definitely points to a high degree of specialization or reliance on outsourced/contracted labor for scale.

Finally, the regulatory and market access resource is the company's status on the public markets. Smart Powerr Corp. successfully regained compliance with the Nasdaq Capital Market's minimum bid price requirement, receiving confirmation from Nasdaq's Listing Qualifications Department on August 1, 2025. This was achieved after maintaining a closing bid price of at least $1.00 per share for ten consecutive business days from July 18 through July 31, 2025. Maintaining this listing is a key resource for capital raising and credibility.

The key resources underpinning Smart Powerr Corp.'s operations as of late 2025 include:

• The significant cash reserve of $131.88 million.
• Proprietary intellectual property in waste gas-to-energy technology.
• A specialized engineering and project management team comprising 14 employees.
• The maintained status on the Nasdaq Capital Market, regained in August 2025.

Finance: draft 13-week cash view by Friday.

Smart Powerr Corp. (CREG) - Canvas Business Model: Value Propositions

You're looking at the core offerings Smart Powerr Corp. (CREG) puts on the table for its customers in China's energy-intensive sectors. It's all about turning waste into working power, which is a big deal given the national goals.

Cost-effective electricity generation from industrial waste gas

Smart Powerr Corp. uses a Build-Operate-Transfer (BOT) model to put energy-saving and recovery facilities right at the customer's site. This lets energy-intensive industries recapture previously wasted pressure, heat, and gas to generate electricity for on-site use. They specifically target systems for nonferrous metal plants, but also market to steel, cement, coal, and petrochemical industries. The value here is direct energy offset, though we don't have a specific cost-per-kWh saved figure from late 2025 data.

• Recaptures wasted pressure, heat, and gas from manufacturing processes.
• Provides waste gas-to-energy solutions using blast furnace gas and coke furnace gas.
• Electricity produced is used on-site by the customer.

Clean-technology solutions to reduce air pollution and energy shortage

The company positions itself as a developer of clean-technology and energy-efficient solutions. This directly addresses the twin pressures of air quality concerns and the need to secure reliable power supply in industrial zones. Honestly, the focus on waste recycling inherently tackles both problems simultaneously.

Integrated energy solutions (storage, charging, inspection) for China's dual carbon goals

This is where things get quantitative, following a strategic cooperation signed on March 31, 2025. They are building an integrated industrial ecology around optical storage, charging, and inspection, using AC-DC hybrid systems and intelligent microgrids. Here's the quick math on what these integrated stations are projected to deliver:

The system uses digital twin technology for millisecond-level dynamic regulation, which is defintely key for supporting a 100% renewable energy city model. They are aiming for a closed-loop energy mode: 'self-generation for self-use + surplus power feeding into the grid.'

Financial leasing options for large-scale energy projects

Smart Powerr Corp. doesn't just build; it also provides the financing structure to get big projects off the ground. This is a critical part of their service offering for mid to large-size enterprises involved in high energy-consuming businesses. They design, finance, construct, and install these projects.

• Provides project investment and investment management services.
• Offers technical, financial leasing, and financial leasing transaction consulting.
• Purchases, repairs, and disposes of financial leasing assets.
• Sells and leases energy saving systems and equipment.

For context on the company's current financial footing as of its November 13, 2025 earnings release, the Return on Invested Capital (ROIC) was -2.27% against a Weighted Average Cost of Capital (WACC) of 9.31%. The trailing twelve months Net Income was -$3.04M with 14 employees.

Finance: draft 13-week cash view by Friday.

Smart Powerr Corp. (CREG) - Canvas Business Model: Customer Relationships

Direct, project-based sales and long-term service contracts are structured around the Build-Operate-Transfer (BOT) model for energy efficiency solutions in China. You see Sales reported as $0 million for the year ended December 31, 2024, and $0 million for the year ended December 31, 2023. The Gross Profit was also $0 million for both periods, with a Gross Margin of 0%.

The relationship is established by deploying energy-saving and recovery facilities, primarily at nonferrous metal plants. These systems capture wasted pressure, heat, and gas to generate electricity for on-site use by the customer. The company reported a Loss from Operations of $(1,093,468) million for the year ended December 31, 2024. The Basic and Diluted Net Loss Per Share was $(0.18) for the same period.

For complex projects, the relationship involves technical deployment and financial structuring. As of December 31, 2024, the company had Current Liabilities of $13.10 million and Current Assets totaling $121.09 million, resulting in working capital of $108.02 million. Cash and equivalents stood at $25,341 on that date. To be fair, the cash flow from activities soared to $64.6M as of July 31, 2025, which supports ongoing operational commitments.

Investor relations is heavily focused on maintaining the listing on the Nasdaq Capital Market. You know this is a critical relationship for the company's visibility and access to capital. The company executed a 1-for-10 reverse stock split effective July 17, 2025, reducing outstanding shares from approximately 25.3 million to about 2.53 million. The company regained compliance with the minimum bid price requirement on August 1, 2025, after maintaining a closing bid price of at least $1.00 per share for 10 consecutive business days from July 18 through July 31, 2025.

Here's a quick look at the key investor relations metrics around the compliance event:

The Price/Book multiple was reported at 0.17, and the Current Ratio stood at 9.25 as of December 31, 2024. The EV / EBITDA for December 2024 was -11.3x.

Smart Powerr Corp. (CREG) - Canvas Business Model: Channels

You're looking at how Smart Powerr Corp. (CREG) gets its energy-saving solutions and services into the hands of its industrial clients in China. The channels are a mix of direct engagement, hands-on execution, and specialized financial offerings.

Direct sales force targeting industrial manufacturers in China

Smart Powerr Corp. markets its waste energy recycling projects directly to industrial manufacturers. These are the heavy hitters in China's economy, specifically those in the steel, cement, nonferrous metal, coal, and petrochemical industries, which all consume substantial amounts of electricity. This direct approach is necessary because the value proposition-recapturing wasted pressure, heat, and gas to generate electricity-requires deep integration into the client's manufacturing processes. The company uses a Build-Operate-Transfer (BOT) model, which means the sales channel isn't just about a one-time sale; it's about securing a long-term project partnership.

The recent revenue activity shows the flow of business through these channels:

The quarterly revenue trend shows an uptick in recognized income through the first three quarters of 2025. Remember, the full fiscal year 2024 reported no revenue as the company was transitioning, so these 2025 figures represent the re-engagement of the channel strategy.

Project design, construction, and installation teams

These teams are the operational backbone, taking the projects secured by the sales force and bringing them to life. Smart Powerr Corp. designs, finances, constructs, and installs the waste energy recycling facilities. This is a critical channel because the delivery mechanism is the product itself-a custom-built energy recovery system. The company's structure, with subsidiaries like Shanghai TCH and Xi'an TCH handling operations in the PRC, supports this physical execution.

The scale of the company's asset base, which these teams manage or utilize, gives you a sense of the financial weight behind the projects:

• Advance to suppliers (as of December 31, 2024): $65,214,994
• Short-term loan receivables (as of December 31, 2024): $55,660,131

These figures reflect the capital deployed into securing materials and financing project execution, even if the specific number of installation team members isn't public.

Financial leasing and consulting services division

This division acts as a crucial enabler for the primary business, offering services that help clients manage the capital expenditure of adopting energy-saving technology. Smart Powerr Corp. provides technical services, economic information consulting, and financial leasing transactions. They also handle the purchase, repair, and disposal of financial leasing assets. This is how they structure deals beyond a simple sale or BOT agreement.

The financial leasing component is supported by the balance sheet activity noted above, which shows significant receivables and advances tied to financing activities. For instance, the short-term loan receivables of $55,660,131 as of the end of 2024 are directly related to the financing and leasing side of the business model. The company has never paid dividends, which suggests all available capital is being channeled back into operations or asset acquisition supporting these channels.

Finance: draft 13-week cash view by Friday.

Smart Powerr Corp. (CREG) - Canvas Business Model: Customer Segments

You're looking at who Smart Powerr Corp. (CREG) is actually selling its waste energy recycling and energy-efficient solutions to as of late 2025. The core focus is on large-scale industrial users in China who are looking to recapture energy they are currently wasting.

The company primarily serves its customer segments using a Build-Operate-Transfer (BOT) model, which means Smart Powerr Corp. (CREG) designs, finances, constructs, and installs the energy-saving and recovery facilities directly at the customer's site, with the resulting electricity used on-site by the customer. The total number of employees supporting these operations and other services is only 14.

The primary customer base consists of:

• Mid to large-size enterprises in high energy-consuming industries.
• Chinese industrial sectors including steel, cement, nonferrous metal, coal, and petrochemical industries.

For these industrial clients, the value proposition is capturing previously wasted pressure, heat, and gas from manufacturing processes to generate electricity, which helps them manage energy costs and pollution issues. The trailing twelve months (TTM) revenue was reported at $82.80K, with a TTM Net Income of -$3.00M.

The second distinct customer segment involves the financial market participants, specifically:

• Investors seeking exposure to micro-cap renewable energy plays.

These investors are looking at Smart Powerr Corp. (CREG) as a small-value stock in the Utilities - Renewable industry. As of late 2025, the company has 20.81M shares outstanding and a Market Cap of approximately $23.93M (with one report noting $25.24M). The Price/Sales (PS) Ratio stands at 79.59, and the stock experienced a 1:10 reverse split on July 18, 2025. The company maintains a strong balance sheet position with a Current Ratio of 8.97 and a low Debt / Equity ratio of 0.03, though profitability metrics like Normalized Return on Equity are negative at -2.71%.

Here are some key financial metrics relevant to the investment community segment:

Finance: draft 13-week cash view by Friday.

Smart Powerr Corp. (CREG) - Canvas Business Model: Cost Structure

You're looking at the hard costs Smart Powerr Corp. is carrying as it builds out its energy recycling and efficiency solutions. This cost structure is heavily weighted toward upfront investment, which is typical for infrastructure-heavy projects using a Build-Operate-Transfer (BOT) model.

Operating expenses leading to a trailing 12-month loss of -$3.0M

The company is currently operating at a loss, which is a key cost consideration. For the trailing 12 months ending September 30, 2025, Smart Powerr Corp. reported earnings of -$3.0M. The most recent quarterly result, Q3 2025 earnings, was a loss of -$300.4k. The net income for the last 12 months was reported as -$3.04 million.

General and administrative costs for a small, defintely lean corporate structure

The corporate structure appears lean, evidenced by an employee count of just 14 people. However, the Sales, General and Administrative costs show fluctuations over the past few fiscal years, indicating variable overhead tied to project scaling or administrative needs.

This table uses data reported in USD Thousands.

High fixed costs for project design and installation infrastructure

While specific fixed cost line items for project design and installation infrastructure are not explicitly itemized in the latest public summaries, the nature of the business-constructing waste energy recycling facilities at customer sites-inherently implies significant upfront capital expenditure and fixed engineering costs before revenue generation begins on a specific project. The Operating Income for the last 12 months was -$2.75M.

Research and development investment in new energy technologies

Specific Research and Development spending for the most recent periods is not explicitly detailed in the available 2025 financial snapshots. For the annual periods ending December 31, 2024, and prior, the line item for Research and Development in the income statement was reported as -- (not available/reported in thousands). Still, the company's focus on waste gas-to-energy solutions suggests ongoing, albeit potentially capitalized, investment in technology refinement.

You should review the full 10-K filing for a breakdown of capitalized vs. expensed R&D. Finance: draft 13-week cash view by Friday.

Smart Powerr Corp. (CREG) - Canvas Business Model: Revenue Streams

You're looking at how Smart Powerr Corp. (CREG) actually brings money in as of late 2025. It's not just one thing; it's a mix of project-based revenue and service fees tied to their energy efficiency work in China. Honestly, the numbers we have for the trailing twelve months show a very specific segment, but the business description tells us where the rest of the income should be coming from.

The core of their revenue generation involves deploying and servicing energy-saving technology for heavy industry.

• Sales and leasing of energy saving systems and equipment.
• Revenue from waste energy recycling projects.
• Financial leasing and consulting service fees.
• Potential future revenue from new integrated energy solutions and joint ventures.

Let's look at the concrete number we have for one of those streams. The Revenue from waste energy recycling projects for the Trailing 12-month period ending with Q3 2025 was reported at $173,659. That's a specific data point, but it's important to remember that the company also sells and leases energy saving systems and equipment, which is a separate, though related, revenue line.

Also, Smart Powerr Corp. (CREG) is involved in a variety of service-based income. This includes fees generated from their work in financial leasing and consulting service fees. Specifically, they provide project investment, investment management, economic information consulting, technical services, and financial leasing transactions and consulting services. They also purchase, repair, and dispose of financial leasing assets, which generates transactional revenue. It's a complex structure, to be fair.

When we talk about growth potential, the pipeline matters. You should note that on March 31, 2025, Smart Powerr Corp. announced it reached a Strategic Cooperation to build an Integrated Industrial Ecology of Optical Storage, Charging and Inspection. This points directly to that potential future revenue from new integrated energy solutions and joint ventures you mentioned. That kind of strategic move is where the next big revenue jumps are supposed to come from, even if the immediate financial impact isn't on the current TTM report.

Here's a quick look at some key financial metrics around the time of the latest earnings release in November 2025, so you can map these revenue activities against the company's scale:

The company's business model relies on these distinct revenue streams to support its operations, which, based on the Q3 2025 results, is currently operating at a loss. Finance: draft 13-week cash view by Friday.