| (Values in U.S. Thousands) | Dec, 2021 | Dec, 2020 | Dec, 2019 | Dec, 2018 | Dec, 2017 |
| Sales | 6,170 | 7,570 | 6,740 | 6,030 | 770 |
| Sales Growth | -18.49% | +12.31% | +11.77% | +683.12% | +755.55% |
| Net Income | -4,190 | -230 | 7,110 | 480 | -2,910 |
| Net Income Growth | -1,721.74% | -103.23% | +1,381.25% | +116.49% | +65.27% |
Lithium & Boron Technology Inc (LBTI)
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SmartHeat Inc., formerly Pacific Goldrim Resources, Inc., is engaged in the manufacturing and sale of plate heat exchangers (PHEs) and various packages, thermometer testing devices and heat usage calculators in the People's Republic of China. The Company is a provider of PHE products to China's petroleum refining, chemicals and petrochemicals, energy generation, steel, medical, electronics, food and beverage processing, manufacturing sectors, and residential markets. The PHE units reduce energy wastage, regulate heat transfer and pressure drop, and maintain even the distribution of heating and cooling systems. SmartHeat Inc., markets its products through its sales force and national distributors and sells PHEs under the Sondex brand, and PHE Units designed by its engineers and assembled with Sondex plates under Taiyu brand name. The company is playing a significant role in helping China to manage pollution and improve its energy efficiency.
Fiscal Year End Date: 12/31