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Smartheat Inc.

EDGAR

HEAT Quarterly report (10-Q) · filed 2022-08-22

86 filing records in this dataset, filed from 2007-03-09 to 2022-08-22. Reported financial figures are available; chart coverage varies by period.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

310 thousand USD

2022 Q2 · USD

Exact inputs and evidence

Revenue: 309844 USD Source

Operating margin

-79.24%

2022 Q2 · %

Exact inputs and evidence

Operating Income: -245509 USD Source
Revenue: 309844 USD Source

Operating cash flow

-184 thousand USD

2022 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -496212 USD Source
Operating Cash Flow: -311775 USD Source

Free cash flow

-684 thousand USD

2022 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -496212 USD Source
Operating Cash Flow: -311775 USD Source
Capital Expenditure: 502107 USD Source
Capital Expenditure: 2463 USD Source

Cash and cash equivalents: 635 thousand USD 2022-06-30 Source
Exact value

634901 USD
Long-term debt including current maturities: Not available
Shares outstanding: 186 million shares 2022-06-30 Source
Exact value

185968370 shares

Reported share-count change

0.00% · 0 shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence

185968370 shares · 2021-06-30· Source
185968370 shares · 2022-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

2.47 million USD

2021-07-01 – 2022-06-30

Exact inputs and evidence

Revenue: 1456803 USD · 2021-07-01 – 2021-09-30 Source
Revenue: 6166318 USD · 2021-01-01 – 2021-12-31 Source
Revenue: 5464652 USD · 2021-01-01 – 2021-09-30 Source
Revenue: 0 USD · 2022-01-01 – 2022-03-31 Source
Revenue: 309844 USD · 2022-04-01 – 2022-06-30 Source

Net income

-4.74 million USD

2021-07-01 – 2022-06-30

Exact inputs and evidence

Net income: -3350000 USD · 2021-07-01 – 2021-09-30 Source
Net income: -4190000 USD · 2021-01-01 – 2021-12-31 Source
Net income: -3170000 USD · 2021-01-01 – 2021-09-30 Source
Net income: -248023 USD · 2022-01-01 – 2022-03-31 Source
Net income: -119694 USD · 2022-04-01 – 2022-06-30 Source

Operating cash flow

-680 thousand USD

2021-07-01 – 2022-06-30

Exact inputs and evidence

Operating cash flow: 1547843 USD · 2021-01-01 – 2021-09-30 Source
Operating cash flow: 1741547 USD · 2021-01-01 – 2021-06-30 Source
Operating cash flow: 1558061 USD · 2021-01-01 – 2021-12-31 Source
Operating cash flow: 1547843 USD · 2021-01-01 – 2021-09-30 Source
Operating cash flow: -311775 USD · 2022-01-01 – 2022-03-31 Source
Operating cash flow: -496212 USD · 2022-01-01 – 2022-06-30 Source
Operating cash flow: -311775 USD · 2022-01-01 – 2022-03-31 Source

Capital expenditure

583 thousand USD

2021-07-01 – 2022-06-30

Exact inputs and evidence

Capital expenditure: 175156 USD · 2021-01-01 – 2021-09-30 Source
Capital expenditure: 146967 USD · 2021-01-01 – 2021-06-30 Source
Capital expenditure: 228279 USD · 2021-01-01 – 2021-12-31 Source
Capital expenditure: 175156 USD · 2021-01-01 – 2021-09-30 Source
Capital expenditure: 2463 USD · 2022-01-01 – 2022-03-31 Source
Capital expenditure: 502107 USD · 2022-01-01 – 2022-06-30 Source
Capital expenditure: 2463 USD · 2022-01-01 – 2022-03-31 Source

Free cash flow

-1.26 million USD

2021-07-01 – 2022-06-30

Exact inputs and evidence

Operating cash flow: 1547843 USD · 2021-01-01 – 2021-09-30 Source
Operating cash flow: 1741547 USD · 2021-01-01 – 2021-06-30 Source
Operating cash flow: 1558061 USD · 2021-01-01 – 2021-12-31 Source
Operating cash flow: 1547843 USD · 2021-01-01 – 2021-09-30 Source
Operating cash flow: -311775 USD · 2022-01-01 – 2022-03-31 Source
Operating cash flow: -496212 USD · 2022-01-01 – 2022-06-30 Source
Operating cash flow: -311775 USD · 2022-01-01 – 2022-03-31 Source
Capital expenditure: 175156 USD · 2021-01-01 – 2021-09-30 Source
Capital expenditure: 146967 USD · 2021-01-01 – 2021-06-30 Source
Capital expenditure: 228279 USD · 2021-01-01 – 2021-12-31 Source
Capital expenditure: 175156 USD · 2021-01-01 – 2021-09-30 Source
Capital expenditure: 2463 USD · 2022-01-01 – 2022-03-31 Source
Capital expenditure: 502107 USD · 2022-01-01 – 2022-06-30 Source
Capital expenditure: 2463 USD · 2022-01-01 – 2022-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2022-08-22.

Financial data available through: 2021-12-31.

Coverage by financial measure

Revenue: 11 of 11 periods available· newest 2021-12-31
Operating income: 11 of 11 periods available· newest 2021-12-31
Net income: 11 of 11 periods available· newest 2021-12-31
Operating cash flow: 11 of 11 periods available· newest 2021-12-31
Capital expenditure: 11 of 11 periods available· newest 2021-12-31
Total assets: 11 of 11 periods available· newest 2021-12-31
Total liabilities: 9 of 11 periods available· newest 2021-12-31
Current assets: 11 of 11 periods available· newest 2021-12-31
Current liabilities: 11 of 11 periods available· newest 2021-12-31
Cash and cash equivalents: 11 of 11 periods available· newest 2021-12-31
long term debt: No compatible figures in this window
Shares outstanding: 11 of 11 periods available· newest 2021-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
-18.5%

Prior period

USD 7.57 million

2020-01-01 – 2020-12-31
Current period

USD 6.17 million

2021-01-01 – 2021-12-31

Exact inputs and evidence

6166318 − 7565802 = -1399484 USD

7565802 USD · 2020-01-01 – 2020-12-31
Inspect prior input Prior source
6166318 USD · 2021-01-01 – 2021-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Year-over-year change in Revenue: -1399484 USD Concept: fundies:Revenue Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 6166318 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#930342 Filing: 000118518522000365 Input fundies:Revenue: 7565802 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#931017 Filing: 000118518522000365
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 3.96 million

Prior period

−USD 230,000

2020-01-01 – 2020-12-31
Current period

−USD 4.19 million

2021-01-01 – 2021-12-31

Exact inputs and evidence

-4190000 − -230000 = -3960000 USD

-230000 USD · 2020-01-01 – 2020-12-31
Inspect prior input Prior source
-4190000 USD · 2021-01-01 – 2021-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Year-over-year change in Net income: -3960000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -4190000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1189083 Filing: 000118518522000365 Input fundies:NetIncome: -230000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1189255 Filing: 000118518522000365
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
+84%

Prior period

USD 846,714

2020-01-01 – 2020-12-31
Current period

USD 1.56 million

2021-01-01 – 2021-12-31

Exact inputs and evidence

1558061 − 846714 = 711347 USD

846714 USD · 2020-01-01 – 2020-12-31
Inspect prior input Prior source
1558061 USD · 2021-01-01 – 2021-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Year-over-year change in Operating cash flow: 711347 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: 1558061 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129160 Filing: 000118518522000365 Input fundies:OperatingCashFlow: 846714 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129968 Filing: 000118518522000365
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
-27.1%

Prior period

USD 312,999

2020-01-01 – 2020-12-31
Current period

USD 228,279

2021-01-01 – 2021-12-31

Exact inputs and evidence

228279 − 312999 = -84720 USD

312999 USD · 2020-01-01 – 2020-12-31
Inspect prior input Prior source
228279 USD · 2021-01-01 – 2021-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Year-over-year change in Capital expenditure: -84720 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 228279 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1132585 Filing: 000118518522000365 Input fundies:CapitalExpenditure: 312999 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1133288 Filing: 000118518522000365
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2021 2021-01-01 – 2021-12-31

Revenue USD 6.17 million 100% of revenue
Cost of revenue USD 4.81 million 78% of revenue
Operating expenses USD 5.75 million 93% of revenue
Operating income −USD 4.39 million −71% of revenue
Tax, interest and other Derived −USD 204,612 −3.3% of revenue
Net income −USD 4.19 million −68% of revenue

Cash

Operating cash flow USD 1.56 million 25% of revenue
Capital expenditure USD 228,279 3.7% of revenue
Free cash flow Derived USD 1.33 million 22% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2012 Operating loss: operating costs were 163% of revenue.
2013 Operating loss: operating costs were 221% of revenue.
2014 Operating loss: operating costs were 173% of revenue.
2015 Operating loss: operating costs were 1,539% of revenue.
2016 Operating loss: operating costs were 2,309% of revenue.
2017 Operating loss: operating costs were 134% of revenue.
2018 Net income was higher than operating income, so the split is not drawn.
2019 Operating loss: operating costs were 107% of revenue.
2020 Operating loss: operating costs were 105% of revenue.
2021 Operating loss: operating costs were 171% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2012 2012-01-01 – 2012-12-31	47850292	77839615 Derived	-29989323	-772241 Derived	-29217082	-6271414 Derived	Source 2012-01-01 – 2012-12-31: 47850292 USD Inspect Revenue Open source 2012-01-01 – 2012-12-31: -29989323 USD Inspect Operating Income Open source 2012-01-01 – 2012-12-31: -29217082 USD Inspect Net Income Open source 2012-01-01 – 2012-12-31: -5443788 USD Inspect Operating Cash Flow Open source 2012-01-01 – 2012-12-31: 827626 USD Inspect Capital Expenditure Open source
2013 2013-01-01 – 2013-12-31	44709526	98951797 Derived	-54242271	-4572930 Derived	-49669341	-5110563 Derived	Source 2013-01-01 – 2013-12-31: 44709526 USD Inspect Revenue Open source 2013-01-01 – 2013-12-31: -54242271 USD Inspect Operating Income Open source 2013-01-01 – 2013-12-31: -49669341 USD Inspect Net Income Open source 2013-01-01 – 2013-12-31: -4545268 USD Inspect Operating Cash Flow Open source 2013-01-01 – 2013-12-31: 565295 USD Inspect Capital Expenditure Open source
2014 2014-01-01 – 2014-12-31	5219210	9030441 Derived	-3811231	5756757 Derived	-9567988	-4672118 Derived	Source 2014-01-01 – 2014-12-31: 5219210 USD Inspect Revenue Open source 2014-01-01 – 2014-12-31: -3811231 USD Inspect Operating Income Open source 2014-01-01 – 2014-12-31: -9567988 USD Inspect Net Income Open source 2014-01-01 – 2014-12-31: -3804267 USD Inspect Operating Cash Flow Open source 2014-01-01 – 2014-12-31: 867851 USD Inspect Capital Expenditure Open source
2015 2015-01-01 – 2015-12-31	368973	5678753 Derived	-5309780	37822922 Derived	-43132702	-3380013 Derived	Source 2015-01-01 – 2015-12-31: 368973 USD Inspect Revenue Open source 2015-01-01 – 2015-12-31: -5309780 USD Inspect Operating Income Open source 2015-01-01 – 2015-12-31: -43132702 USD Inspect Net Income Open source 2015-01-01 – 2015-12-31: -3361546 USD Inspect Operating Cash Flow Open source 2015-01-01 – 2015-12-31: 18467 USD Inspect Capital Expenditure Open source
2016 2016-01-01 – 2016-12-31	94338	2178291 Derived	-2083953	6299593 Derived	-8383546	-1053324 Derived	Source 2016-01-01 – 2016-12-31: 94338 USD Inspect Revenue Open source 2016-01-01 – 2016-12-31: -2083953 USD Inspect Operating Income Open source 2016-01-01 – 2016-12-31: -8383546 USD Inspect Net Income Open source 2016-01-01 – 2016-12-31: -1052977 USD Inspect Operating Cash Flow Open source 2016-01-01 – 2016-12-31: 347 USD Inspect Capital Expenditure Open source
2017 2017-01-01 – 2017-12-31	7265955	9723053 Derived	-2457098	-2980253 Derived	523155	798898 Derived	Source 2017-01-01 – 2017-12-31: 7265955 USD Inspect Revenue Open source 2017-01-01 – 2017-12-31: -2457098 USD Inspect Operating Income Open source 2017-01-01 – 2017-12-31: 523155 USD Inspect Net Income Open source 2017-01-01 – 2017-12-31: 1210649 USD Inspect Operating Cash Flow Open source 2017-01-01 – 2017-12-31: 411751 USD Inspect Capital Expenditure Open source
2018 2018-01-01 – 2018-12-31	6029147	5697398 Derived	331749	-144946 Derived	476695	-2377523 Derived	Source 2018-01-01 – 2018-12-31: 6029147 USD Inspect Revenue Open source 2018-01-01 – 2018-12-31: 331749 USD Inspect Operating Income Open source 2018-01-01 – 2018-12-31: 476695 USD Inspect Net Income Open source 2018-01-01 – 2018-12-31: -2374622 USD Inspect Operating Cash Flow Open source 2018-01-01 – 2018-12-31: 2901 USD Inspect Capital Expenditure Open source
2019 2019-01-01 – 2019-12-31	6742474	7202662 Derived	-460188	-7567948 Derived	7107760	344170 Derived	Source 2019-01-01 – 2019-12-31: 6742474 USD Inspect Revenue Open source 2019-01-01 – 2019-12-31: -460188 USD Inspect Operating Income Open source 2019-01-01 – 2019-12-31: 7107760 USD Inspect Net Income Open source 2019-01-01 – 2019-12-31: 344170 USD Inspect Operating Cash Flow Open source 2019-01-01 – 2019-12-31: 0 USD Inspect Capital Expenditure Open source
2020 2020-01-01 – 2020-12-31	7565802	7949909 Derived	-384107	-154107 Derived	-230000	533715 Derived	Source 2020-01-01 – 2020-12-31: 7565802 USD Inspect Revenue Open source 2020-01-01 – 2020-12-31: -384107 USD Inspect Operating Income Open source 2020-01-01 – 2020-12-31: -230000 USD Inspect Net Income Open source 2020-01-01 – 2020-12-31: 846714 USD Inspect Operating Cash Flow Open source 2020-01-01 – 2020-12-31: 312999 USD Inspect Capital Expenditure Open source
2021 2021-01-01 – 2021-12-31	6166318	10560930 Derived	-4394612	-204612 Derived	-4190000	1329782 Derived	Source 2021-01-01 – 2021-12-31: 6166318 USD Inspect Revenue Open source 2021-01-01 – 2021-12-31: -4394612 USD Inspect Operating Income Open source 2021-01-01 – 2021-12-31: -4190000 USD Inspect Net Income Open source 2021-01-01 – 2021-12-31: 1558061 USD Inspect Operating Cash Flow Open source 2021-01-01 – 2021-12-31: 228279 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 6.2M 2021

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20122012-12-31	Revenue	47850292	Revenue: 47850292 Open source
20132013-12-31	Revenue	44709526	Revenue: 44709526 Open source
20142014-12-31	Revenue	5219210	Revenue: 5219210 Open source
20152015-12-31	Revenue	368973	Revenue: 368973 Open source
20162016-12-31	Revenue	94338	Revenue: 94338 Open source
20172017-12-31	Revenue	7265955	Revenue: 7265955 Open source
20182018-12-31	Revenue	6029147	Revenue: 6029147 Open source
20192019-12-31	Revenue	6742474	Revenue: 6742474 Open source
20202020-12-31	Revenue	7565802	Revenue: 7565802 Open source
20212021-12-31	Revenue	6166318	Revenue: 6166318 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

-18.5% 2021

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20122012-12-31	Year over year	-26.6%	Revenue: 47850292 Open source Revenue: 65221104 Open source
20132013-12-31	Year over year	-6.6%	Revenue: 44709526 Open source Revenue: 47850292 Open source
20142014-12-31	Year over year	-88.3%	Revenue: 5219210 Open source Revenue: 44709526 Open source
20152015-12-31	Year over year	-92.9%	Revenue: 368973 Open source Revenue: 5219210 Open source
20162016-12-31	Year over year	-74.4%	Revenue: 94338 Open source Revenue: 368973 Open source
20172017-12-31	Year over year	7,602%	Revenue: 7265955 Open source Revenue: 94338 Open source
20182018-12-31	Year over year	-17%	Revenue: 6029147 Open source Revenue: 7265955 Open source
20192019-12-31	Year over year	11.8%	Revenue: 6742474 Open source Revenue: 6029147 Open source
20202020-12-31	Year over year	12.2%	Revenue: 7565802 Open source Revenue: 6742474 Open source
20212021-12-31	Year over year	-18.5%	Revenue: 6166318 Open source Revenue: 7565802 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -71.3% 2021

Net margin -67.9% 2021

Free cash flow margin 21.6% 2021

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20122012-12-31	Operating margin	-62.7%	Operating Income: -29989323 Open source Revenue: 47850292 Open source
20132013-12-31	Operating margin	-121.3%	Operating Income: -54242271 Open source Revenue: 44709526 Open source
20142014-12-31	Operating margin	-73%	Operating Income: -3811231 Open source Revenue: 5219210 Open source
20152015-12-31	Operating margin	-1,439.1%	Operating Income: -5309780 Open source Revenue: 368973 Open source
20162016-12-31	Operating margin	-2,209%	Operating Income: -2083953 Open source Revenue: 94338 Open source
20172017-12-31	Operating margin	-33.8%	Operating Income: -2457098 Open source Revenue: 7265955 Open source
20182018-12-31	Operating margin	5.5%	Operating Income: 331749 Open source Revenue: 6029147 Open source
20192019-12-31	Operating margin	-6.8%	Operating Income: -460188 Open source Revenue: 6742474 Open source
20202020-12-31	Operating margin	-5.1%	Operating Income: -384107 Open source Revenue: 7565802 Open source
20212021-12-31	Operating margin	-71.3%	Operating Income: -4394612 Open source Revenue: 6166318 Open source
20122012-12-31	Net margin	-61.1%	Net Income: -29217082 Open source Revenue: 47850292 Open source
20132013-12-31	Net margin	-111.1%	Net Income: -49669341 Open source Revenue: 44709526 Open source
20142014-12-31	Net margin	-183.3%	Net Income: -9567988 Open source Revenue: 5219210 Open source
20152015-12-31	Net margin	-11,689.9%	Net Income: -43132702 Open source Revenue: 368973 Open source
20162016-12-31	Net margin	-8,886.7%	Net Income: -8383546 Open source Revenue: 94338 Open source
20172017-12-31	Net margin	7.2%	Net Income: 523155 Open source Revenue: 7265955 Open source
20182018-12-31	Net margin	7.9%	Net Income: 476695 Open source Revenue: 6029147 Open source
20192019-12-31	Net margin	105.4%	Net Income: 7107760 Open source Revenue: 6742474 Open source
20202020-12-31	Net margin	-3%	Net Income: -230000 Open source Revenue: 7565802 Open source
20212021-12-31	Net margin	-67.9%	Net Income: -4190000 Open source Revenue: 6166318 Open source
20122012-12-31	Free cash flow margin	-13.1%	Revenue: 47850292 Open source Operating Cash Flow: -5443788 Open source Capital Expenditure: 827626 Open source
20132013-12-31	Free cash flow margin	-11.4%	Revenue: 44709526 Open source Operating Cash Flow: -4545268 Open source Capital Expenditure: 565295 Open source
20142014-12-31	Free cash flow margin	-89.5%	Revenue: 5219210 Open source Operating Cash Flow: -3804267 Open source Capital Expenditure: 867851 Open source
20152015-12-31	Free cash flow margin	-916.1%	Revenue: 368973 Open source Operating Cash Flow: -3361546 Open source Capital Expenditure: 18467 Open source
20162016-12-31	Free cash flow margin	-1,116.5%	Revenue: 94338 Open source Operating Cash Flow: -1052977 Open source Capital Expenditure: 347 Open source
20172017-12-31	Free cash flow margin	11%	Revenue: 7265955 Open source Operating Cash Flow: 1210649 Open source Capital Expenditure: 411751 Open source
20182018-12-31	Free cash flow margin	-39.4%	Revenue: 6029147 Open source Operating Cash Flow: -2374622 Open source Capital Expenditure: 2901 Open source
20192019-12-31	Free cash flow margin	5.1%	Revenue: 6742474 Open source Operating Cash Flow: 344170 Open source Capital Expenditure: 0 Open source
20202020-12-31	Free cash flow margin	7.1%	Revenue: 7565802 Open source Operating Cash Flow: 846714 Open source Capital Expenditure: 312999 Open source
20212021-12-31	Free cash flow margin	21.6%	Revenue: 6166318 Open source Operating Cash Flow: 1558061 Open source Capital Expenditure: 228279 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD 1.6M 2021

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20122012-12-31	Operating cash flow	-5443788	Operating Cash Flow: -5443788 Open source
20132013-12-31	Operating cash flow	-4545268	Operating Cash Flow: -4545268 Open source
20142014-12-31	Operating cash flow	-3804267	Operating Cash Flow: -3804267 Open source
20152015-12-31	Operating cash flow	-3361546	Operating Cash Flow: -3361546 Open source
20162016-12-31	Operating cash flow	-1052977	Operating Cash Flow: -1052977 Open source
20172017-12-31	Operating cash flow	1210649	Operating Cash Flow: 1210649 Open source
20182018-12-31	Operating cash flow	-2374622	Operating Cash Flow: -2374622 Open source
20192019-12-31	Operating cash flow	344170	Operating Cash Flow: 344170 Open source
20202020-12-31	Operating cash flow	846714	Operating Cash Flow: 846714 Open source
20212021-12-31	Operating cash flow	1558061	Operating Cash Flow: 1558061 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 1.3M 2021

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20122012-12-31	Free cash flow	-6271414	Operating Cash Flow: -5443788 Open source Capital Expenditure: 827626 Open source
20132013-12-31	Free cash flow	-5110563	Operating Cash Flow: -4545268 Open source Capital Expenditure: 565295 Open source
20142014-12-31	Free cash flow	-4672118	Operating Cash Flow: -3804267 Open source Capital Expenditure: 867851 Open source
20152015-12-31	Free cash flow	-3380013	Operating Cash Flow: -3361546 Open source Capital Expenditure: 18467 Open source
20162016-12-31	Free cash flow	-1053324	Operating Cash Flow: -1052977 Open source Capital Expenditure: 347 Open source
20172017-12-31	Free cash flow	798898	Operating Cash Flow: 1210649 Open source Capital Expenditure: 411751 Open source
20182018-12-31	Free cash flow	-2377523	Operating Cash Flow: -2374622 Open source Capital Expenditure: 2901 Open source
20192019-12-31	Free cash flow	344170	Operating Cash Flow: 344170 Open source Capital Expenditure: 0 Open source
20202020-12-31	Free cash flow	533715	Operating Cash Flow: 846714 Open source Capital Expenditure: 312999 Open source
20212021-12-31	Free cash flow	1329782	Operating Cash Flow: 1558061 Open source Capital Expenditure: 228279 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

129.4% 2021

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2012-12-31	Liabilities / assets	Not reported	Total Assets: 156470287 Open source
20132013-12-31	Liabilities / assets	49.9%	Total Liabilities: 57324115 Open source Total Assets: 114814802 Open source
20142014-12-31	Liabilities / assets	57.1%	Total Liabilities: 58943657 Open source Total Assets: 103198501 Open source
20152015-12-31	Liabilities / assets	89.3%	Total Liabilities: 7461538 Open source Total Assets: 8351429 Open source
20162016-12-31	Liabilities / assets	442.2%	Total Liabilities: 13775070 Open source Total Assets: 3115027 Open source
20172017-12-31	Liabilities / assets	58.3%	Total Liabilities: 4130199 Open source Total Assets: 7081148 Open source
20182018-12-31	Liabilities / assets	178.4%	Total Liabilities: 11065014 Open source Total Assets: 6202703 Open source
20192019-12-31	Liabilities / assets	62.4%	Total Liabilities: 3880006 Open source Total Assets: 6221500 Open source
20202020-12-31	Liabilities / assets	60.4%	Total Liabilities: 4586671 Open source Total Assets: 7587860 Open source
20212021-12-31	Liabilities / assets	129.4%	Total Liabilities: 6007611 Open source Total Assets: 4643023 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

0.32× 2021

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
20122012-12-31	Current assets / current liabilities	2.7×	Current Assets: 126235211 Open source Current Liabilities: 46724370 Open source
20132013-12-31	Current assets / current liabilities	1.89×	Current Assets: 101733434 Open source Current Liabilities: 53778329 Open source
20142014-12-31	Current assets / current liabilities	1.79×	Current Assets: 100388907 Open source Current Liabilities: 56128298 Open source
20152015-12-31	Current assets / current liabilities	1.4×	Current Assets: 7011679 Open source Current Liabilities: 4990965 Open source
20162016-12-31	Current assets / current liabilities	0.25×	Current Assets: 2727532 Open source Current Liabilities: 10899735 Open source
20172017-12-31	Current assets / current liabilities	1.35×	Current Assets: 3185746 Open source Current Liabilities: 2355689 Open source
20182018-12-31	Current assets / current liabilities	0.29×	Current Assets: 2790796 Open source Current Liabilities: 9560614 Open source
20192019-12-31	Current assets / current liabilities	1.26×	Current Assets: 3181907 Open source Current Liabilities: 2519380 Open source
20202020-12-31	Current assets / current liabilities	1.36×	Current Assets: 4545340 Open source Current Liabilities: 3333625 Open source
20212021-12-31	Current assets / current liabilities	0.32×	Current Assets: 1579780 Open source Current Liabilities: 4931651 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2012 2012-01-01 – 2012-12-31	−USD 29.22 million Exact value Exact value: -29217082 USD 2012-01-01 – 2012-12-31: -29217082 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2012-12-31 Smartheat Inc. (edgar:1384135) Net Income: -29217082 USD Concept: fundies:NetIncome Period: 2012-01-01 to 2012-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2012-12-31&surface=latest&period_type=duration&start=2012-01-01&unit=USD&dimensions= Input fundies:NetIncome: -29217082 USD (2012-01-01 to 2012-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515000248/heat-20131231.xml#203827 Filing: 000118518515000248 The citation records this snapshot. The page link may show a newer release later.	−USD 5.44 million Exact value Exact value: -5443788 USD 2012-01-01 – 2012-12-31: -5443788 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2012-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -5443788 USD Concept: fundies:OperatingCashFlow Period: 2012-01-01 to 2012-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2012-12-31&surface=latest&period_type=duration&start=2012-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -5443788 USD (2012-01-01 to 2012-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515000248/heat-20131231.xml#226376 Filing: 000118518515000248 The citation records this snapshot. The page link may show a newer release later.	USD 827,626 Exact value Exact value: 827626 USD 2012-01-01 – 2012-12-31: 827626 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2012-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 827626 USD Concept: fundies:CapitalExpenditure Period: 2012-01-01 to 2012-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2012-12-31&surface=latest&period_type=duration&start=2012-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 827626 USD (2012-01-01 to 2012-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515000248/heat-20131231.xml#227839 Filing: 000118518515000248 The citation records this snapshot. The page link may show a newer release later.	−USD 6.27 million Calculation and evidence -5443788 − 827626 USD Exact free cash flow: -6271414 USD 2012-01-01 – 2012-12-31: -5443788 USD · Inspect Operating Cash Flow · Source 2012-01-01 – 2012-12-31: 827626 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2012-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -6271414 USD Concept: free-cash-flow Period: 2012-01-01 to 2012-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -5443788 USD (2012-01-01 to 2012-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515000248/heat-20131231.xml#226376 Filing: 000118518515000248 Input fundies:CapitalExpenditure: 827626 USD (2012-01-01 to 2012-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515000248/heat-20131231.xml#227839 Filing: 000118518515000248 The citation records this snapshot. The page link may show a newer release later.
2013 2013-01-01 – 2013-12-31	−USD 49.67 million Exact value Exact value: -49669341 USD 2013-01-01 – 2013-12-31: -49669341 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2013-12-31 Smartheat Inc. (edgar:1384135) Net Income: -49669341 USD Concept: fundies:NetIncome Period: 2013-01-01 to 2013-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2013-12-31&surface=latest&period_type=duration&start=2013-01-01&unit=USD&dimensions= Input fundies:NetIncome: -49669341 USD (2013-01-01 to 2013-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516003514/heat-20150930.xml#179883 Filing: 000118518516003514 The citation records this snapshot. The page link may show a newer release later.	−USD 4.55 million Exact value Exact value: -4545268 USD 2013-01-01 – 2013-12-31: -4545268 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2013-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -4545268 USD Concept: fundies:OperatingCashFlow Period: 2013-01-01 to 2013-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2013-12-31&surface=latest&period_type=duration&start=2013-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -4545268 USD (2013-01-01 to 2013-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515001125/heat-20141231.xml#228419 Filing: 000118518515001125 The citation records this snapshot. The page link may show a newer release later.	USD 565,295 Exact value Exact value: 565295 USD 2013-01-01 – 2013-12-31: 565295 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2013-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 565295 USD Concept: fundies:CapitalExpenditure Period: 2013-01-01 to 2013-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2013-12-31&surface=latest&period_type=duration&start=2013-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 565295 USD (2013-01-01 to 2013-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515001125/heat-20141231.xml#229793 Filing: 000118518515001125 The citation records this snapshot. The page link may show a newer release later.	−USD 5.11 million Calculation and evidence -4545268 − 565295 USD Exact free cash flow: -5110563 USD 2013-01-01 – 2013-12-31: -4545268 USD · Inspect Operating Cash Flow · Source 2013-01-01 – 2013-12-31: 565295 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2013-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -5110563 USD Concept: free-cash-flow Period: 2013-01-01 to 2013-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -4545268 USD (2013-01-01 to 2013-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515001125/heat-20141231.xml#228419 Filing: 000118518515001125 Input fundies:CapitalExpenditure: 565295 USD (2013-01-01 to 2013-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518515001125/heat-20141231.xml#229793 Filing: 000118518515001125 The citation records this snapshot. The page link may show a newer release later.
2014 2014-01-01 – 2014-12-31	−USD 9.57 million Exact value Exact value: -9567988 USD 2014-01-01 – 2014-12-31: -9567988 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2014-12-31 Smartheat Inc. (edgar:1384135) Net Income: -9567988 USD Concept: fundies:NetIncome Period: 2014-01-01 to 2014-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2014-12-31&surface=latest&period_type=duration&start=2014-01-01&unit=USD&dimensions= Input fundies:NetIncome: -9567988 USD (2014-01-01 to 2014-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516005002/heat-20151231.xml#146163 Filing: 000118518516005002 The citation records this snapshot. The page link may show a newer release later.	−USD 3.8 million Exact value Exact value: -3804267 USD 2014-01-01 – 2014-12-31: -3804267 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2014-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -3804267 USD Concept: fundies:OperatingCashFlow Period: 2014-01-01 to 2014-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2014-12-31&surface=latest&period_type=duration&start=2014-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3804267 USD (2014-01-01 to 2014-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516005002/heat-20151231.xml#157876 Filing: 000118518516005002 The citation records this snapshot. The page link may show a newer release later.	USD 867,851 Exact value Exact value: 867851 USD 2014-01-01 – 2014-12-31: 867851 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2014-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 867851 USD Concept: fundies:CapitalExpenditure Period: 2014-01-01 to 2014-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2014-12-31&surface=latest&period_type=duration&start=2014-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 867851 USD (2014-01-01 to 2014-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516005002/heat-20151231.xml#159245 Filing: 000118518516005002 The citation records this snapshot. The page link may show a newer release later.	−USD 4.67 million Calculation and evidence -3804267 − 867851 USD Exact free cash flow: -4672118 USD 2014-01-01 – 2014-12-31: -3804267 USD · Inspect Operating Cash Flow · Source 2014-01-01 – 2014-12-31: 867851 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2014-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -4672118 USD Concept: free-cash-flow Period: 2014-01-01 to 2014-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3804267 USD (2014-01-01 to 2014-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516005002/heat-20151231.xml#157876 Filing: 000118518516005002 Input fundies:CapitalExpenditure: 867851 USD (2014-01-01 to 2014-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518516005002/heat-20151231.xml#159245 Filing: 000118518516005002 The citation records this snapshot. The page link may show a newer release later.
2015 2015-01-01 – 2015-12-31	−USD 43.13 million Exact value Exact value: -43132702 USD 2015-01-01 – 2015-12-31: -43132702 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2015-12-31 Smartheat Inc. (edgar:1384135) Net Income: -43132702 USD Concept: fundies:NetIncome Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:NetIncome: -43132702 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518517001880/heat-20161231.xml#105669 Filing: 000118518517001880 The citation records this snapshot. The page link may show a newer release later.	−USD 3.36 million Exact value Exact value: -3361546 USD 2015-01-01 – 2015-12-31: -3361546 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2015-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -3361546 USD Concept: fundies:OperatingCashFlow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -3361546 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518517001880/heat-20161231.xml#117112 Filing: 000118518517001880 The citation records this snapshot. The page link may show a newer release later.	USD 18,467 Exact value Exact value: 18467 USD 2015-01-01 – 2015-12-31: 18467 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2015-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 18467 USD Concept: fundies:CapitalExpenditure Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2015-12-31&surface=latest&period_type=duration&start=2015-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 18467 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518517001880/heat-20161231.xml#118205 Filing: 000118518517001880 The citation records this snapshot. The page link may show a newer release later.	−USD 3.38 million Calculation and evidence -3361546 − 18467 USD Exact free cash flow: -3380013 USD 2015-01-01 – 2015-12-31: -3361546 USD · Inspect Operating Cash Flow · Source 2015-01-01 – 2015-12-31: 18467 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2015-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -3380013 USD Concept: free-cash-flow Period: 2015-01-01 to 2015-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -3361546 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518517001880/heat-20161231.xml#117112 Filing: 000118518517001880 Input fundies:CapitalExpenditure: 18467 USD (2015-01-01 to 2015-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518517001880/heat-20161231.xml#118205 Filing: 000118518517001880 The citation records this snapshot. The page link may show a newer release later.
2016 2016-01-01 – 2016-12-31	−USD 8.38 million Exact value Exact value: -8383546 USD 2016-01-01 – 2016-12-31: -8383546 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2016-12-31 Smartheat Inc. (edgar:1384135) Net Income: -8383546 USD Concept: fundies:NetIncome Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:NetIncome: -8383546 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000958/heat-20171231.xml#95190 Filing: 000118518519000958 The citation records this snapshot. The page link may show a newer release later.	−USD 1.05 million Exact value Exact value: -1052977 USD 2016-01-01 – 2016-12-31: -1052977 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2016-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -1052977 USD Concept: fundies:OperatingCashFlow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -1052977 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000958/heat-20171231.xml#105868 Filing: 000118518519000958 The citation records this snapshot. The page link may show a newer release later.	USD 347 Exact value Exact value: 347 USD 2016-01-01 – 2016-12-31: 347 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2016-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 347 USD Concept: fundies:CapitalExpenditure Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2016-12-31&surface=latest&period_type=duration&start=2016-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 347 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000958/heat-20171231.xml#106597 Filing: 000118518519000958 The citation records this snapshot. The page link may show a newer release later.	−USD 1.05 million Calculation and evidence -1052977 − 347 USD Exact free cash flow: -1053324 USD 2016-01-01 – 2016-12-31: -1052977 USD · Inspect Operating Cash Flow · Source 2016-01-01 – 2016-12-31: 347 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2016-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -1053324 USD Concept: free-cash-flow Period: 2016-01-01 to 2016-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -1052977 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000958/heat-20171231.xml#105868 Filing: 000118518519000958 Input fundies:CapitalExpenditure: 347 USD (2016-01-01 to 2016-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000958/heat-20171231.xml#106597 Filing: 000118518519000958 The citation records this snapshot. The page link may show a newer release later.
2017 2017-01-01 – 2017-12-31	USD 523,155 Exact value Exact value: 523155 USD 2017-01-01 – 2017-12-31: 523155 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2017-12-31 Smartheat Inc. (edgar:1384135) Net Income: 523155 USD Concept: fundies:NetIncome Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:NetIncome: 523155 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000967/heat-20181231.xml#93672 Filing: 000118518519000967 The citation records this snapshot. The page link may show a newer release later.	USD 1.21 million Exact value Exact value: 1210649 USD 2017-01-01 – 2017-12-31: 1210649 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2017-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: 1210649 USD Concept: fundies:OperatingCashFlow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1210649 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000967/heat-20181231.xml#104442 Filing: 000118518519000967 The citation records this snapshot. The page link may show a newer release later.	USD 411,751 Exact value Exact value: 411751 USD 2017-01-01 – 2017-12-31: 411751 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2017-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 411751 USD Concept: fundies:CapitalExpenditure Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2017-12-31&surface=latest&period_type=duration&start=2017-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 411751 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000967/heat-20181231.xml#105148 Filing: 000118518519000967 The citation records this snapshot. The page link may show a newer release later.	USD 798,898 Calculation and evidence 1210649 − 411751 USD Exact free cash flow: 798898 USD 2017-01-01 – 2017-12-31: 1210649 USD · Inspect Operating Cash Flow · Source 2017-01-01 – 2017-12-31: 411751 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2017-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: 798898 USD Concept: free-cash-flow Period: 2017-01-01 to 2017-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1210649 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000967/heat-20181231.xml#104442 Filing: 000118518519000967 Input fundies:CapitalExpenditure: 411751 USD (2017-01-01 to 2017-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518519000967/heat-20181231.xml#105148 Filing: 000118518519000967 The citation records this snapshot. The page link may show a newer release later.
2018 2018-01-01 – 2018-12-31	USD 476,695 Exact value Exact value: 476695 USD 2018-01-01 – 2018-12-31: 476695 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2018-12-31 Smartheat Inc. (edgar:1384135) Net Income: 476695 USD Concept: fundies:NetIncome Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:NetIncome: 476695 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518520000456/lbti-20191231.xml#91967 Filing: 000118518520000456 The citation records this snapshot. The page link may show a newer release later.	−USD 2.37 million Exact value Exact value: -2374622 USD 2018-01-01 – 2018-12-31: -2374622 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2018-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: -2374622 USD Concept: fundies:OperatingCashFlow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -2374622 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518520000456/lbti-20191231.xml#106143 Filing: 000118518520000456 The citation records this snapshot. The page link may show a newer release later.	USD 2,901 Exact value Exact value: 2901 USD 2018-01-01 – 2018-12-31: 2901 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2018-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 2901 USD Concept: fundies:CapitalExpenditure Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2018-12-31&surface=latest&period_type=duration&start=2018-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 2901 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518520000456/lbti-20191231.xml#106502 Filing: 000118518520000456 The citation records this snapshot. The page link may show a newer release later.	−USD 2.38 million Calculation and evidence -2374622 − 2901 USD Exact free cash flow: -2377523 USD 2018-01-01 – 2018-12-31: -2374622 USD · Inspect Operating Cash Flow · Source 2018-01-01 – 2018-12-31: 2901 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2018-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: -2377523 USD Concept: free-cash-flow Period: 2018-01-01 to 2018-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -2374622 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518520000456/lbti-20191231.xml#106143 Filing: 000118518520000456 Input fundies:CapitalExpenditure: 2901 USD (2018-01-01 to 2018-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518520000456/lbti-20191231.xml#106502 Filing: 000118518520000456 The citation records this snapshot. The page link may show a newer release later.
2019 2019-01-01 – 2019-12-31	USD 7.11 million Exact value Exact value: 7107760 USD 2019-01-01 – 2019-12-31: 7107760 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2019-12-31 Smartheat Inc. (edgar:1384135) Net Income: 7107760 USD Concept: fundies:NetIncome Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:NetIncome: 7107760 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518521000535/lbti-20201231.xml#104215 Filing: 000118518521000535 The citation records this snapshot. The page link may show a newer release later.	USD 344,170 Exact value Exact value: 344170 USD 2019-01-01 – 2019-12-31: 344170 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2019-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: 344170 USD Concept: fundies:OperatingCashFlow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 344170 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518521000535/lbti-20201231.xml#119902 Filing: 000118518521000535 The citation records this snapshot. The page link may show a newer release later.	USD 0 Exact value Exact value: 0 USD 2019-01-01 – 2019-12-31: 0 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2019-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 0 USD Concept: fundies:CapitalExpenditure Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2019-12-31&surface=latest&period_type=duration&start=2019-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 0 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518521000535/lbti-20201231.xml#120264 Filing: 000118518521000535 The citation records this snapshot. The page link may show a newer release later.	USD 344,170 Calculation and evidence 344170 − 0 USD Exact free cash flow: 344170 USD 2019-01-01 – 2019-12-31: 344170 USD · Inspect Operating Cash Flow · Source 2019-01-01 – 2019-12-31: 0 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2019-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: 344170 USD Concept: free-cash-flow Period: 2019-01-01 to 2019-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 344170 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518521000535/lbti-20201231.xml#119902 Filing: 000118518521000535 Input fundies:CapitalExpenditure: 0 USD (2019-01-01 to 2019-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518521000535/lbti-20201231.xml#120264 Filing: 000118518521000535 The citation records this snapshot. The page link may show a newer release later.
2020 2020-01-01 – 2020-12-31	−USD 230,000 Exact value Exact value: -230000 USD 2020-01-01 – 2020-12-31: -230000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2020-12-31 Smartheat Inc. (edgar:1384135) Net Income: -230000 USD Concept: fundies:NetIncome Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:NetIncome: -230000 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1189255 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 846,714 Exact value Exact value: 846714 USD 2020-01-01 – 2020-12-31: 846714 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2020-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: 846714 USD Concept: fundies:OperatingCashFlow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 846714 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129968 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 312,999 Exact value Exact value: 312999 USD 2020-01-01 – 2020-12-31: 312999 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2020-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 312999 USD Concept: fundies:CapitalExpenditure Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2020-12-31&surface=latest&period_type=duration&start=2020-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 312999 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1133288 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 533,715 Calculation and evidence 846714 − 312999 USD Exact free cash flow: 533715 USD 2020-01-01 – 2020-12-31: 846714 USD · Inspect Operating Cash Flow · Source 2020-01-01 – 2020-12-31: 312999 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2020-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: 533715 USD Concept: free-cash-flow Period: 2020-01-01 to 2020-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 846714 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129968 Filing: 000118518522000365 Input fundies:CapitalExpenditure: 312999 USD (2020-01-01 to 2020-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1133288 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.
2021 2021-01-01 – 2021-12-31	−USD 4.19 million Exact value Exact value: -4190000 USD 2021-01-01 – 2021-12-31: -4190000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Net Income: -4190000 USD Concept: fundies:NetIncome Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ANetIncome&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:NetIncome: -4190000 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1189083 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 1.56 million Exact value Exact value: 1558061 USD 2021-01-01 – 2021-12-31: 1558061 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Operating Cash Flow: 1558061 USD Concept: fundies:OperatingCashFlow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3AOperatingCashFlow&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: 1558061 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129160 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 228,279 Exact value Exact value: 228279 USD 2021-01-01 – 2021-12-31: 228279 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Capital Expenditure: 228279 USD Concept: fundies:CapitalExpenditure Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135/explain?concept=fundies%3ACapitalExpenditure&period=2021-12-31&surface=latest&period_type=duration&start=2021-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 228279 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1132585 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.	USD 1.33 million Calculation and evidence 1558061 − 228279 USD Exact free cash flow: 1329782 USD 2021-01-01 – 2021-12-31: 1558061 USD · Inspect Operating Cash Flow · Source 2021-01-01 – 2021-12-31: 228279 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Smartheat Inc. · 2021-12-31 Smartheat Inc. (edgar:1384135) Free cash flow: 1329782 USD Concept: free-cash-flow Period: 2021-01-01 to 2021-12-31 Values: Latest reported Published: 2026-11-02T09:18:00Z Snapshot: c78b5b6b278721bac1ae4ef2ac7cfbf146c797e28585f160ca44ff6904a66fda Dimensions: Consolidated View: https://fundies.io/companies/edgar/1384135?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: 1558061 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1129160 Filing: 000118518522000365 Input fundies:CapitalExpenditure: 228279 USD (2021-01-01 to 2021-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1384135/000118518522000365/lbtech20211231_10k.htm#1132585 Filing: 000118518522000365 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

86 filings · 4,233 latest values · 4,227 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001384135, 1384135, HEAT, LBTI, edgar:1384135

Also known as LITHIUM & BORON TECHNOLOGY, INC., Lithium & Boron Technology, Inc., Pacific Goldrim Resources, Inc., SMARTHEAT INC., Smartheat Inc.

Smartheat Inc.

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Reported share-count change

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2021 2021-01-01 – 2021-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation