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 | 107,804 | 16,221 | 53,223 | 49,830 | 47,752 | |||
| Cash and cash equivalents | 107,804 | 16,221 | 53,223 | 49,830 | 47,752 | |||
| Receivables | 309 | 6,276 | 10,911 | 979 | 5,182 | |||
| Prepaid expense | 55 | 53 | 32 | 739 | 683 | |||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 11,532 | 9,385 | |||
| Other undisclosed current assets | 36 | 42,069 | 11,755 | 26,648 | 12,593 | |||
| Total current assets: | 108,204 | 64,619 | 75,921 | 89,729 | 75,596 | |||
| Noncurrent Assets | ||||||||
| Operating lease, right-of-use asset | 54 | ✕ | ✕ | ✕ | ||||
| Property, plant and equipment | 27,044 | 27,495 | 12 | 13 | ||||
| Long-term investments and receivables | 25,438 | 46,625 | 102,349 | |||||
| Long-term investments | 476 | 515 | 642 | |||||
| Capital leases, lessor balance sheet, net investment in direct financing and sales type leases | ✕ | ✕ | ✕ | 24,962 | 46,110 | 101,707 | ||
| Deposits noncurrent assets | 17 | 16 | 16 | 17 | 62 | |||
| Other undisclosed noncurrent assets | 28,917 | 32,112 | 42,582 | 95,166 | 86,493 | |||
| Total noncurrent assets: | 28,934 | 59,226 | 95,531 | 141,820 | 188,916 | |||
| TOTAL ASSETS: | 137,138 | 123,845 | 171,452 | 231,549 | 264,512 | |||
| LIABILITIES AND EQUITY | ||||||||
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts payable and accrued liabilities | 3,222 | 6,288 | 9,228 | 5,653 | 2,710 | |||
| Accounts payable | 76 | 2,200 | 5,592 | 3,229 | 1,507 | |||
| Taxes payable | 3,146 | 4,088 | 3,637 | 2,424 | 1,203 | |||
| Debt | 24,902 | 57 | 721 | |||||
| Due to related parties | 28 | 41 | 41 | 44 | 44 | |||
| Deferred tax liabilities | ✕ | ✕ | ✕ | 1,639 | 1,521 | 1,586 | ||
| Other undisclosed current liabilities | 10,890 | 29,865 | 65,826 | 59,054 | 49,224 | |||
| Total current liabilities: | 39,042 | 36,251 | 76,735 | 66,272 | 54,284 | |||
| Noncurrent Liabilities | ||||||||
| Long-term debt and lease obligation | 307 | 430 | 1,032 | 288 | ||||
| Long-term debt, excluding current maturities | 307 | 430 | 1,032 | 288 | ||||
| Liabilities, other than long-term debt | 5,175 | 368 | 3,081 | 11,528 | 26,450 | |||
| Customer advances or deposits | ✕ | ✕ | ✕ | ✕ | 1,023 | |||
| Accounts payable and accrued liabilities | 5,175 | 368 | 41 | |||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 3,040 | 11,528 | 25,427 | ||
| Other undisclosed noncurrent liabilities | 460 | 8,166 | 7,425 | (1,285) | (17,944) | |||
| Total noncurrent liabilities: | 5,941 | 8,965 | 11,538 | 10,243 | 8,795 | |||
| Total liabilities: | 44,983 | 45,216 | 88,273 | 76,514 | 63,079 | |||
| Stockholders' equity | ||||||||
| Stockholders' equity attributable to parent, including: | 92,154 | 78,630 | 86,724 | 155,513 | 201,566 | |||
| Common stock | 3 | 2 | 10 | 8 | 8 | |||
| Additional paid in capital | 119,749 | 116,682 | 114,484 | 111,797 | 111,789 | |||
| Accumulated other comprehensive income (loss) | 273 | (6,133) | (4,621) | 861 | (10,544) | |||
| Retained earnings (accumulated deficit) | (43,026) | (31,922) | (23,149) | 42,847 | 100,313 | |||
| Other undisclosed stockholders' equity attributable to parent | 15,155 | |||||||
| Stockholders' equity attributable to noncontrolling interest | (3,545) | (479) | (132) | |||||
| Total stockholders' equity: | 92,154 | 78,630 | 83,179 | 155,034 | 201,433 | |||
| TOTAL LIABILITIES AND EQUITY: | 137,138 | 123,845 | 171,452 | 231,549 | 264,512 | |||
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 | 170 | 8,200 | 6,490 | 7 | |||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 7 | ||
| Operating leases, income statement, lease revenue | ✕ | ✕ | ✕ | 4,888 | 6,490 | ✕ | |
| Net investment income | 170 | 3,312 | |||||
| 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) | 170 | 8,200 | 6,490 | (5) | ||
| Operating expenses | 5,827 | (9,975) | (66,189) | (7,293) | (1,806) | ||
| Other undisclosed operating income | 27,970 | 697 | 6,610 | 12,166 | |||
| Operating income (loss): | 5,827 | (9,107) | (57,988) | 5,806 | 10,355 | ||
| 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 | 174 | 8,738 | 5,564 | 7,178 | |||
| Income (loss) from continuing operations before income taxes: | 4,051 | (11,798) | (66,573) | 370 | 641 | ||
| 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 | 3,204 | 327 | 347 | ||||
| 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 | 6,270 | 673 | 693 | ||||
| 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.