China recycling energy corp (CREG)
Income statement / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue
Sales of systems

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of systems

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

0

-77

0

18,946

0

12,921

21,389

13,623

14,079

0

0

0

0

179

18,583

72

11,271

10,556

21,795

Contingent rental income

-5

0

80

621

939

1,144

1,381

1,422

1,500

1,679

1,538

1,771

3,375

0

1,100

6

-4

1

101

174

157

244

210

177

280

349

289

260

218

476

403

147

336

261

293

291

563

742

Total revenue

-

-

-

-

-

-

-

-

-

1,679

1,538

1,771

3,375

0

1,100

6

-395

1

24,575

174

79

244

19,156

177

13,201

21,738

13,912

14,340

218

476

403

147

516

18,844

365

11,563

11,119

22,538

Cost of systems and contingent rental income

-

-

-

-

-

-

-

-

-

-

-

-

73

0

-5

6

-340

2

21,464

12

-31

0

14,594

21

9,965

16,479

10,501

10,900

-

32

28

14

163

14,325

68

8,456

8,162

16,801

Total cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,464

12

-31

0

14,594

21

9,965

16,479

10,501

10,900

-75

32

28

14

-

14,325

68

8,456

8,162

16,801

Gross loss

-

-

-

-

-

-

-

-

-

1,679

1,538

1,771

3,307

0

1,100

0

-54

-1

3,111

162

111

244

4,561

155

3,236

5,259

3,410

3,439

294

443

374

133

352

4,519

297

3,107

2,956

5,736

Interest income on sales-type leases

-2

0

-0

174

541

506

657

1,606

1,625

1,656

1,648

1,678

1,144

2,286

3,316

4,881

5,009

5,167

6,329

6,492

6,969

7,068

6,115

6,305

5,586

5,204

4,728

3,824

4,119

4,587

4,713

4,814

6,011

5,466

5,488

5,138

3,952

3,323

Total operating income

-8

0

80

795

1,480

1,651

2,039

3,029

3,126

3,336

3,186

3,450

-

2,286

4,416

-

-

-

9,440

-

-

-

-

-

-

-

-

-

-

5,030

5,088

4,947

6,363

9,985

5,785

8,245

6,909

9,060

Total operating income

-8

0

80

795

1,480

1,651

2,039

3,029

3,126

3,336

3,186

3,450

4,452

2,286

4,416

4,881

4,954

5,166

9,440

6,654

7,080

7,313

10,677

6,461

8,823

10,463

8,139

7,264

4,413

5,030

5,088

4,947

6,363

9,985

5,785

8,245

6,909

9,060

Operating expenses
Bad debts

-122

2,683

2,716

108

28,911

2,463

735

99

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on net investment receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of systems

8

13

-7

-1,257

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

309

142

682

1,334

1,420

1,271

1,450

1,406

1,631

1,382

1,331

1,203

2,606

299

1,135

491

508

543

552

704

1,031

855

763

844

1,460

934

684

1,082

2,038

624

809

-779

904

387

1,678

1,767

1,796

1,386

Loss on project termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,966

-

-

-

-

-

-

-

-

Total operating expenses

2,306

2,826

3,399

1,442

58,761

3,735

2,186

1,506

3,376

1,382

1,331

1,203

1,622

299

59,487

491

-

-

552

704

1,031

855

763

844

1,460

934

684

1,082

-

3,591

-

-

-

-

-

-

-

-

Loss from operations

-2,315

-2,826

-3,318

-647

-57,280

-2,084

-146

1,523

-250

1,954

1,855

2,246

2,829

1,987

-55,070

4,390

4,445

4,623

8,888

5,949

6,049

6,457

9,913

5,616

7,362

9,529

7,455

6,182

3,931

1,438

4,279

4,167

5,459

9,597

4,106

6,477

5,112

7,673

Non-operating income (expenses)
Changes in fair value of conversion feature liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,127

1,793

3,845

3,599

2,533

0

0

Other income (expenses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,845

-3

0

-230

-111

1

92

-

-

-

42

-

-

Financial expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Loss on long-term notes redemption

695

24

0

-893

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

38

38

41

41

39

36

40

37

36

35

34

36

30

35

31

31

54

53

21

32

112

23

17

39

41

32

60

92

68

58

45

26

25

26

23

34

23

-37

Interest expense

-3,787

2,094

1,861

1,932

4,703

1,116

1,493

1,424

1,578

1,263

1,365

1,357

2,138

1,658

2,032

1,349

824

590

1,308

493

959

610

949

912

2,219

1,711

1,293

1,494

1,964

2,166

2,514

2,601

11,125

2,534

3,085

2,525

638

737

Loss on sale of construction in progress of Xuzhou Zhongtai

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on systems repurchase from Yida

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of construction in progress of Tangshan Rongfeng

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of construction in progress of Xuzhou Zhongtai

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on systems repurchase from Yida

-

-

-

-

-

-

-

-

-

-

-

-

-

-

417

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

11

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on systems repurchase from Jitie and Datong

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,594

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of the liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,411

1,970

-

1,823

751

Other income (expenses), net

-19

1

-19

356

-0

1

0

-1

-25

1

3

4

240

202

74

2

35

-29

377

-362

1,409

458

-416

-415

-

-

-

-

-

-

-

-

-

-1

-0

-

5

92

Total non-operating expenses, net

4,865

-2,030

-1,839

-3,685

-4,664

-1,078

-1,453

-1,389

-1,566

-1,226

-1,327

-1,316

-1,811

-1,419

-2,344

-4,138

-4,587

-567

3,684

-824

549

-128

-1,345

-1,277

-1,671

-3,524

-1,228

-1,402

-1,666

-1,996

-2,470

-1,538

-8,074

3,746

2,506

0

1,213

68

Loss before income tax

2,550

-4,856

-5,158

-4,333

-61,944

-3,162

-1,600

134

-1,816

728

527

930

1,018

567

-57,415

252

-142

4,056

12,572

5,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,599

6,329

8,568

4,339

5,691

6,005

6,226

4,779

2,264

-557

1,808

2,628

-2,614

13,344

6,613

6,478

6,326

7,742

Income tax (benefit) expense

17

-755

104

-2,390

2,900

-540

-71

339

7,086

342

293

317

136

110

-7,392

210

148

796

1,301

997

1,288

1,583

2,001

1,237

1,523

1,636

2,366

1,360

496

1,483

454

487

-136

2,189

783

1,395

1,352

1,861

Loss before noncontrolling interest

2,533

-4,100

-5,263

-1,942

-64,845

-2,621

-1,528

-205

-8,903

386

234

612

881

456

-50,023

41

-290

3,259

11,271

4,127

5,311

4,745

6,566

3,101

4,168

4,368

3,859

3,419

1,768

-2,041

1,354

2,141

-2,478

11,154

5,829

5,082

4,973

5,881

Less: loss attributable to noncontrolling interest

-

-

-

-

-2,930

-86

-95

-91

-55

-93

-89

-88

-120

-79

-95

-51

-6

-6

-7

-8

-21

-21

-22

-21

-36

-24

126

120

203

-636

130

118

176

87

164

519

103

92

Net loss attributable to China Recycling Energy Corporation

2,533

-4,100

-5,263

-1,942

-61,914

-2,535

-1,432

-114

-8,847

479

323

701

1,001

536

-49,927

93

-284

3,266

11,279

4,135

5,332

4,767

6,589

3,123

4,204

4,393

3,733

3,298

1,565

-1,405

1,224

2,022

-2,655

11,066

5,665

4,562

4,870

5,789

Other comprehensive items
Foreign currency translation loss attributable to China Recycling Energy Corporation

1,071

-2,486

-1,907

1,810

2,609

-6,110

-8,385

6,405

816

3,288

4,327

843

-6,521

-1,400

-4,773

1,069

-4,282

-8,713

1,012

-793

1,130

121

-61

-1,412

1,346

948

2,035

325

1,026

-294

-585

122

803

2,045

1,369

981

876

385

Foreign currency translation gain attributable to noncontrolling interest

-

-

-

-

-102

-22

-34

21

6

6

5

0

6

-27

21

0

-4

-9

1

-0

1

-0

0

-2

-75

1

66

11

37

-9

-22

5

36

73

50

36

27

20

Comprehensive loss attributable to China Recycling Energy Corporation

3,604

-6,586

-7,170

-131

-59,305

-8,645

-9,818

6,291

-8,030

3,767

4,651

1,544

-5,519

-863

-54,700

1,162

-4,566

-5,447

12,291

3,342

6,463

4,888

6,527

1,710

5,550

5,342

5,768

3,623

2,592

-1,699

638

2,145

-1,851

13,112

7,034

5,544

5,746

6,175

Comprehensive loss attributable to noncontrolling interest

-

-

-

-

-2,828

-63

-61

-113

-61

-100

-94

-88

-113

-106

-74

-50

-11

-16

-6

-9

-19

-21

-22

-24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted weighted average shares outstanding

-

-

-

-

-

-

-

-

-

8,310

8,310

-

8,312

8,310

8,310

8,308

-

8,308

8,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted earnings / (loss) per share

-

-

-

-

-

-

-

-

-

0.06

0.04

-

0.13

0.06

-6.01

0.01

-

0.39

1.36

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive income (loss) attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-111

-23

192

132

240

-645

107

123

213

161

214

555

130

112

Basic weighted average shares outstanding

-37,708

16,159

15,743

12,065

-21,467

8,310

8,310

8,310

-

-

-

8,310

-

-

-

-

-

-

-

83,072

83,289

73,088

61,217

60,912

61,025

53,927

50,224

50,224

50,247

47,045

46,474

46,474

44,885

43,533

42,199

39,198

38,778

38,778

Diluted weighted average shares outstanding

-37,708

16,159

15,743

12,065

-21,467

8,310

8,310

8,310

-

-

-

8,310

-

-

-

-

-

-

-

83,072

83,016

73,088

61,299

61,103

60,874

54,942

50,770

50,945

48,925

50,834

51,379

53,009

52,814

57,891

58,388

55,126

52,187

48,819

Basic loss per share

-4.87

-0.25

-0.33

-0.16

-75.73

-0.31

-0.17

-0.01

-

-

-

0.08

-

-

-

-

-

-

-

0.05

0.05

0.07

0.11

0.05

0.07

0.08

0.07

0.07

0.03

-0.03

0.03

0.04

-0.06

0.25

0.13

0.12

0.13

0.15

Diluted loss per share

-4.87

-0.25

-0.33

-0.16

-75.73

-0.31

-0.17

-0.01

-

-

-

0.08

-

-

-

-

-

-

-

0.05

0.05

0.07

0.11

0.05

0.07

0.08

0.07

0.07

0.03

-0.03

0.03

0.04

-0.05

0.20

0.10

0.09

0.09

0.12