Cenntro Inc.CENN

Market cap
$3.46M
P/E ratio
Dec 31,
2021
Dec 31,
2022
Dec 31,
2023
Dec 31,
2024
Net loss-16,421,807-112,145,263-54,360,755-44,908,617
Depreciation and amortization632,256953,87222
Amortization of operating lease right-of-use asset636,921245
Impairment of property, plant and equipment6,215550,402431,319-
Written-down of inventories12658,6226
Provision for credit losses469,7026-393,873
Impairment of goodwill-11-209,130
Amount of gain (loss) recognized on redemption of convertible promissory notes.--7,43512,507-
Amount of gain (loss) recognized on exercise of warrants.---228,903900
Amount of change in fair value of convertible promissory notes and derivative liability.--37,774,92875,3417,194
Changes in fair value of equity securities--240,805-2,600,7211
Foreign currency exchange loss, net-409,207848,7811
Share-based compensation expense1453
Loss from disposal of plant and equipment55,08710,334-55,391-248,472
Loss from early termination of lease contract----2,218,120
Loss from long-term investments15,167-12,651-1,377,760-293,658
Income from short-term investment--22,91889,992
Amount of loss (income) from acquisition in relation to the revaluation of the previously held equity interest.----149,872
Deferred income taxes---15,930-47,851
Accounts receivable2-233,5706-1,258,199
Inventories52012-7,927,826
Prepayment and other assets375195,403
The aggregate increase (decrease) during the reporting period in the amount due from/to the following types of related parties: a parent company and its subsidiaries; subsidiaries of a common parent; an entity and trust for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of the entity's management; an entity and its principal owners, management, or member of their immediate families, affiliates, or other parties with the ability to exert significant influence.128,6401-11,799-289,221
Accounts payable-128,508-2,144,72531,027
Accrued expense and other current liabilities11-1,325,504-1,707,980
Contractual liabilities286,499633,8253491,082
Operating lease liabilities-903,096-1,108,721--4,466,209
Net cash used in operating activities-21,475,586-69,401,126-58,457,164-21,362,312
Purchase of equity investment310,0384880,932-
The cash outflow for the purchase of convertible note.--600,000-
Purchase of short-term investment---4
Purchase of long-term time deposit---700,000
Proceeds from maturities of short-term investment---8
Purchase of land, plant and equipment756,26938846,115
Purchase of land use rights and property-161-
Entity owned or controlled by Cenntro Automotive Europe GmbH owned by CEGL was incorporated in Herne, Germany.--2-
Invested by the Company.--1-
Acquisition of CAE's equity interests-4--
Cash acquired from acquisition of Antric Gmbh--1,376-
The cash outflow associated with the purchase of majority interest during the period.---355,400
Cash dividend received from equity method investment---55,573
Proceeds from disposal of property, plant and equipment75,9343093,66179,475
The amount of cash inflow from cash dividend received and redemption of equity securities investment during the period.---2
Net cash provided by (used in) investing activities7-56,883,397-16,388,1564
Proceeds from bank loans53,619--662,836
Repayments of bank loans--601,47650,836
The cash inflow from the issuance of a long-term borrowing made from a third party where one party can exercise control or significant influence over another party.---708,832
The cash outflow for the payment of a long-term borrowing made from a third party where one party can exercise control or significant influence over another party.41-90,000
The cash outflow for redemption of convertible promissory notes.-448-
Net cash provided by (used in) financing activities27119-48,135,5951
Effect of exchange rate changes on cash, cash equivalents and restricted cash----551,480
Net decrease in cash, cash equivalents and restricted cash257-107,568,161-124,524,904-16,611,409
Amount of cash paid or refunded for interest.--369,4101577,442
Income tax paid--4,797-
The amount of cashless exercise of warrants during the period.-19249,076
The value of non-cash capital injection during the period.--250,000-
Convention from debt to equity interest of HW Electro Co., Ltd.--1,000,000-
The value of non-cash recognition of new leases during the period.--15-