China Recycling Energy Corporation (CREG) financial statements (2021 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 millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 16535048
Cash and cash equivalents 16535048
Receivables 61115
Prepaid expense 0011
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases 128
Other undisclosed current assets 42122713
Total current assets: 65769074
Noncurrent Assets
Operating lease, right-of-use asset 0
Property, plant and equipment 272700
Long-term investments and receivables  254750
Long-term investments  011
Capital leases, lessor balance sheet, net investment in direct financing and sales type leases254649
Deposits noncurrent assets 0000
Other undisclosed noncurrent assets 32439586
Total noncurrent assets: 5996142136
TOTAL ASSETS: 124171232211
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6963
Accounts payable 2632
Taxes payable 4421
Debt 0  1
Due to related parties 0000
Deferred tax liabilities221
Other undisclosed current liabilities 30665949
Total current liabilities: 36776654
Noncurrent Liabilities
Long-term debt and lease obligation 01 0
Long-term debt, excluding current maturities 01 0
Liabilities, other than long-term debt 031212
Accounts payable and accrued liabilities 00  
Deferred tax liabilities, net31212
Other undisclosed noncurrent liabilities 87(1)(9)
Total noncurrent liabilities: 912103
Total liabilities: 45887757
Stockholders' equity
Stockholders' equity attributable to parent 7987156154
Common stock 0000
Additional paid in capital 117114112112
Accumulated other comprehensive income (loss) (6)(5)1(8)
Retained earnings (accumulated deficit) (32)(23)4350
Stockholders' equity attributable to noncontrolling interest  (4)(0)(0)
Total stockholders' equity: 7983155153
TOTAL LIABILITIES AND EQUITY: 124171232211

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

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 0864
Operating leases, income statement, lease revenue564
Net investment income 03  
Cost of revenue
(Cost of Goods and Services Sold)
    (0)
Gross profit: 0864
Operating expenses (10)(66)(7)(62)
Other undisclosed operating income 1 712
Operating income (loss): (9)(58)6(46)
Nonoperating expense (3)(9)(5)(10)
Interest and debt expense (0)(9)(6)(7)
Loss from continuing operations before equity method investments, income taxes: (12)(75)(5)(63)
Other undisclosed income from continuing operations before income taxes 0967
Income (loss) from continuing operations before income taxes: (12)(67)0(56)
Income tax expense (benefit) 3(3)(8)7
Net loss: (9)(69)(8)(49)
Net income attributable to noncontrolling interest  300
Net loss available to common stockholders, diluted: (9)(66)(7)(48)

Comprehensive Income ($ in millions)

9/30/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss: (9)(69)(8)(49)
Comprehensive loss: (9)(69)(8)(49)
Comprehensive income, net of tax, attributable to noncontrolling interest  611
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (2)(9)9(12)
Comprehensive income (loss), net of tax, attributable to parent: (10)(71)2(60)

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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