China Recycling Energy Corporation (CREG) financial statements (2022 and earlier)

Company profile

Business Address 4/F, TOWER C, RONG CHENG YUN GU BUILDING
XI'AN CITY, SHAANXI PROVINCE, 710075
State of Incorp. NV
Fiscal Year End December 31
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 107,80416,22153,22349,83047,752
Cash and cash equivalents 107,80416,22153,22349,83047,752
Receivables 3096,27610,9119795,182
Prepaid expense 555332739683
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 11,5329,385
Other undisclosed current assets 3642,06911,75526,64812,593
Total current assets: 108,20464,61975,92189,72975,596
Noncurrent Assets
Operating lease, right-of-use asset  54
Property, plant and equipment  27,04427,4951213
Long-term investments and receivables   25,43846,625102,349
Long-term investments   476515642
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases24,96246,110101,707
Deposits noncurrent assets 1716161762
Other undisclosed noncurrent assets 28,91732,11242,58295,16686,493
Total noncurrent assets: 28,93459,22695,531141,820188,916
TOTAL ASSETS: 137,138123,845171,452231,549264,512
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 3,2226,2889,2285,6532,710
Accounts payable 762,2005,5923,2291,507
Taxes payable 3,1464,0883,6372,4241,203
Debt 24,90257  721
Due to related parties 2841414444
Deferred tax liabilities1,6391,5211,586
Other undisclosed current liabilities 10,89029,86565,82659,05449,224
Total current liabilities: 39,04236,25176,73566,27254,284
Noncurrent Liabilities
Long-term debt and lease obligation 3074301,032 288
Long-term debt, excluding current maturities 3074301,032 288
Liabilities, other than long-term debt 5,1753683,08111,52826,450
Customer advances or deposits 1,023
Accounts payable and accrued liabilities 5,17536841  
Deferred tax liabilities, net3,04011,52825,427
Other undisclosed noncurrent liabilities 4608,1667,425(1,285)(17,944)
Total noncurrent liabilities: 5,9418,96511,53810,2438,795
Total liabilities: 44,98345,21688,27376,51463,079
Stockholders' equity
Stockholders' equity attributable to parent, including: 92,15478,63086,724155,513201,566
Common stock 321088
Additional paid in capital 119,749116,682114,484111,797111,789
Accumulated other comprehensive income (loss) 273(6,133)(4,621)861(10,544)
Retained earnings (accumulated deficit) (43,026)(31,922)(23,149)42,847100,313
Other undisclosed stockholders' equity attributable to parent 15,155    
Stockholders' equity attributable to noncontrolling interest   (3,545)(479)(132)
Total stockholders' equity: 92,15478,63083,179155,034201,433
TOTAL LIABILITIES AND EQUITY: 137,138123,845171,452231,549264,512

Income statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues  1708,2006,4907
Revenue, net 7
Operating leases, income statement, lease revenue4,8886,490
Net investment income  1703,312  
Cost of revenue (27,970)   (12)
Cost of goods and services sold     (12)
Provision for loan, lease, and other losses (27,970)  
Gross profit: (27,970)1708,2006,490(5)
Operating expenses 5,827(9,975)(66,189)(7,293)(1,806)
Other undisclosed operating income 27,970697 6,61012,166
Operating income (loss): 5,827(9,107)(57,988)5,80610,355
Nonoperating expense (1,776)(2,690)(8,585)(5,437)(9,714)
Interest and debt expense (1,464)(174)(8,738)(5,564)(7,178)
Other undisclosed income from continuing operations before equity method investments, income taxes 1,464    
Income (loss) from continuing operations before equity method investments, income taxes: 4,051(11,971)(75,311)(5,195)(6,537)
Other undisclosed income from continuing operations before income taxes  1748,7385,5647,178
Income (loss) from continuing operations before income taxes: 4,051(11,798)(66,573)370641
Income tax expense (benefit)  3,025(2,627)(8,039)839
Net income (loss): 4,051(8,773)(69,201)(7,670)1,480
Net income attributable to noncontrolling interest   3,204327347
Net income (loss) available to common stockholders, diluted: 4,051(8,773)(65,997)(7,343)1,827

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss): 4,051(8,773)(69,201)(7,670)1,480
Comprehensive income (loss): 4,051(8,773)(69,201)(7,670)1,480
Comprehensive income, net of tax, attributable to noncontrolling interest   6,270673693
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 6,406(1,512)(8,547)8,929(14,101)
Comprehensive income (loss), net of tax, attributable to parent: 10,457(10,284)(71,478)1,933(11,928)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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