Last $0.73 USD
Change Today -0.0101 / -1.36%
Volume 27.3K
CREG On Other Exchanges
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china recycling energy corp (CREG) Snapshot

Open
$0.75
Previous Close
$0.74
Day High
$0.77
Day Low
$0.73
52 Week High
03/24/14 - $6.05
52 Week Low
12/17/14 - $0.65
Market Cap
60.6M
Average Volume 10 Days
114.4K
EPS TTM
$0.30
Shares Outstanding
83.0M
EX-Date
--
P/E TM
2.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for CHINA RECYCLING ENERGY CORP (CREG)

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china recycling energy corp (CREG) Details

China Recycling Energy Corporation is engaged in the recycling energy business primarily in the People’s Republic of China. It is involved in the design, finance, construction, operation, and transfer of waste energy recycling projects to mid-to large-size enterprises for use in iron and steel, nonferrous metal, cement, coal, and petrochemical plants; and sale and lease of energy saving systems and equipment. The company’s waste pressure-to-energy solutions primarily include the blast furnace top gas recovery turbine unit (TRT), a system that utilizes high pressure gas emitted from the blast furnace top to drive turbine units and generates electricity; and waste heat-to-energy solutions primarily comprise heat power generation projects for applications in cement, steel, coking coal, and nonferrous metal industries, which collect the residual heat from various manufacturing processes. Its waste gas-to-energy solution includes the waste gas power generation system (WGPG) that utilizes flammable waste gas from coal mining, petroleum exploitation, refinery processing, or other sources as a fuel source to generate electricity; and the combined cycle power plant (CCPP), which employs power generating cycle to utilize the waste gas that generates electricity by burning the flammable waste gas in a gas turbine, as well as uses the waste heat from burning the gas to make steam to generate additional electricity through a steam turbine. The company also offers biomass power generation systems (BMPG); and waste heat power generation (WHPG) systems. As of December 31, 2013, it had one TRT system, one cement waste heat power generator system, five recycling WHPG systems, four BMPG systems, two WHPG systems, and two BPRT systems. The company was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in March 2007. China Recycling Energy Corporation is headquartered in Xi’an City, China.

166 Employees
Last Reported Date: 03/24/14

china recycling energy corp (CREG) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $17.9K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $90.9K
Compensation as of Fiscal Year 2013.

china recycling energy corp (CREG) Key Developments

China Recycling Energy Corporation Provides Preliminary Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2014

China Recycling Energy Corporation provided preliminary earnings guidance for the fourth quarter and full year ended December 31, 2014. Interest income on sales-type leases, the major and consistent regular revenue for the Company, is anticipated to be $6.9 million for the fourth quarter of 2014, an increase of 23.3% from $5.6 million for the same period of 2013. Sales of systems are anticipated to be $0 for the fourth quarter of 2014, compared with $12.9 million in the same period of 2013, as the Company did not recognize any system sales revenues since no projects were completed in the fourth quarter of 2014. Net income for the fourth quarter of 2014 is anticipated to be $3.6 million, a decrease of 14.3% as compared with $4.2 million for the same period of 2013. For the full year of 2014, interest income on sales-type leases is anticipated to be $26.4 million, an increase of 36.3% from $19.3 million in 2013. Sales of systems are anticipated to be $18.9 million, as compared to $62.0 million in 2013. Net income is anticipated to be $18.0 million, an increase of 15.2% as compared with $15.6 million in 2013.

China Recycling Energy Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

China Recycling Energy Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $244,916 against $21,738,568 a year ago. Total operating income was $7,313,058 against $10,463,830 a year ago. Income from operations was $6,457,568 against $9,529,801 a year ago. Income before income tax was $6,329,503 against $6,005,112 a year ago. Net income attributable to the company was $4,767,092 or $0.07 per basic and diluted share against $4,393,782 or $0.08 per basic and diluted share a year ago. For the nine months, the company reported total revenue of $19,536,221 against $49,991,702 a year ago. Total operating income was $24,451,664 against $25,867,662 a year ago. Income from operations was $21,987,971 against $23,167,073 a year ago. Income before income tax was $19,236,890 against $17,010,800 a year ago. Net income attributable to the company was $14,479,174 or $0.22 per basic and diluted share against $11,425,316 or $0.22 per basic and diluted share a year ago. Net cash used in operating activities was $31,752,923 against $61,547,160 a year ago. Acquisition of property and equipment was $2,164 against $21,437 a year ago.

China Recycling Energy Corporation to Report Q3, 2014 Results on Nov 14, 2014

China Recycling Energy Corporation announced that they will report Q3, 2014 results at 9:00 AM, China Standard Time on Nov 14, 2014

 

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Industry Analysis

CREG

Industry Average

Valuation CREG Industry Range
Price/Earnings 2.5x
Price/Sales 1.6x
Price/Book 0.3x
Price/Cash Flow 3.2x
TEV/Sales NM Not Meaningful
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