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Side-by-side financial comparison of Smart Powerr Corp. (CREG) and Hafnia Ltd (HAFN). Click either name above to swap in a different company.

Smart Powerr Corp. is the larger business by last-quarter revenue ($88.8K vs $31.0K, roughly 2.9× Hafnia Ltd).

Smart Powerr Corp. (formerly China Recycling Energy Corp) is a specialized smart energy and energy efficiency solutions provider. Its core offerings include waste energy recovery systems, energy efficiency optimization services, and intelligent energy management platform deployment, primarily serving industrial, commercial and public sector clients in the Chinese market.

Hafnia Ltd is a leading global shipping firm focused on operating product and chemical tanker fleets. It transports diverse bulk liquid cargoes including refined petroleum products, specialty chemicals, and edible oils, catering to clients across the energy, chemical manufacturing, and agricultural commodity industries worldwide.

CREG vs HAFN — Head-to-Head

Bigger by revenue
CREG
CREG
2.9× larger
CREG
$88.8K
$31.0K
HAFN

Income Statement — Q4 FY2025 vs Q1 FY2024

Metric
CREG
CREG
HAFN
HAFN
Revenue
$88.8K
$31.0K
Net Profit
$-470.4K
Gross Margin
41.6%
Operating Margin
-691.5%
Net Margin
-529.4%
Revenue YoY
Net Profit YoY
22.5%
EPS (diluted)
$0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CREG
CREG
HAFN
HAFN
Q4 25
$88.8K
Q3 25
$90.8K
Q2 25
$62.2K
Q1 25
$20.6K
Q1 24
$31.0K
Net Profit
CREG
CREG
HAFN
HAFN
Q4 25
$-470.4K
Q3 25
$-300.4K
Q2 25
$-1.2M
Q1 25
$-884.5K
Q1 24
Gross Margin
CREG
CREG
HAFN
HAFN
Q4 25
41.6%
Q3 25
48.7%
Q2 25
42.8%
Q1 25
42.8%
Q1 24
Operating Margin
CREG
CREG
HAFN
HAFN
Q4 25
-691.5%
Q3 25
-235.1%
Q2 25
-1648.0%
Q1 25
-5635.8%
Q1 24
Net Margin
CREG
CREG
HAFN
HAFN
Q4 25
-529.4%
Q3 25
-330.7%
Q2 25
-2000.9%
Q1 25
-4288.3%
Q1 24
EPS (diluted)
CREG
CREG
HAFN
HAFN
Q4 25
$0.03
Q3 25
$-0.08
Q2 25
$-0.05
Q1 25
$-0.09
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CREG
CREG
HAFN
HAFN
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
Stockholders' EquityBook value
$143.1M
Total Assets
$157.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Stockholders' Equity
CREG
CREG
HAFN
HAFN
Q4 25
$143.1M
Q3 25
$118.2M
Q2 25
$116.1M
Q1 25
$114.3M
Q1 24
Total Assets
CREG
CREG
HAFN
HAFN
Q4 25
$157.6M
Q3 25
$133.0M
Q2 25
$132.2M
Q1 25
$130.7M
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CREG
CREG
HAFN
HAFN
Operating Cash FlowLast quarter
$2.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CREG
CREG
HAFN
HAFN
Q4 25
$2.5M
Q3 25
$-53.0K
Q2 25
$-131.3K
Q1 25
$64.6M
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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