China recycling energy corp (CREG)
Income statement / TTM
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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of systems

-

-

-

-

-

-

-

-

-

-

-

-

-

-391

-

24,083

-

24,397

-

18,868

18,868

31,867

53,256

47,933

62,013

49,092

27,702

14,079

0

179

18,762

18,835

30,106

40,483

43,695

0

0

0

Contingent rental income

697

1,642

2,785

4,086

4,888

5,448

5,984

6,141

6,489

8,364

6,684

6,247

4,482

1,103

1,104

104

272

434

677

787

790

913

1,017

1,096

1,180

1,118

1,245

1,359

1,245

1,364

1,149

1,039

1,183

1,409

1,890

0

0

0

Total revenue

-

-

-

-

-

-

-

-

-

8,364

6,684

6,247

4,482

711

713

24,187

24,355

24,831

25,074

19,655

19,659

32,780

54,274

49,030

63,193

50,210

28,947

15,438

1,245

1,543

19,912

19,874

31,289

41,892

45,586

0

0

0

Cost of systems and contingent rental income

-

-

-

-

-

-

-

-

-

-

-

-

74

-340

-337

21,132

21,138

21,448

21,445

14,575

14,585

24,581

41,061

36,968

47,847

0

0

0

-

239

14,532

14,572

23,013

31,013

33,489

0

0

0

Total cost of sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,445

14,575

14,585

24,581

41,061

36,968

47,847

37,806

21,359

10,886

0

0

0

0

-

0

0

0

0

0

Gross loss

-

-

-

-

-

-

-

-

-

8,296

6,616

6,179

4,408

1,046

1,044

3,055

3,216

3,382

3,629

5,079

5,073

8,198

13,213

12,061

15,345

12,403

7,588

4,552

1,245

1,304

5,379

5,302

8,276

10,879

12,097

0

0

0

Interest income on sales-type leases

170

714

1,221

1,880

3,312

4,397

5,547

6,537

6,610

6,129

6,759

8,426

11,629

15,493

18,374

21,388

22,998

24,959

26,859

26,645

26,458

25,075

23,212

21,825

19,344

17,877

17,259

17,244

18,234

20,126

21,005

21,780

22,104

20,045

17,903

0

0

0

Total operating income

867

2,356

4,008

5,966

8,200

9,846

11,531

12,679

13,099

0

0

0

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

21,430

26,385

27,082

30,380

30,925

30,000

0

0

0

Total operating income

867

2,356

4,008

5,966

8,200

9,846

11,531

12,679

13,099

14,425

13,375

14,606

16,037

16,540

19,419

24,443

26,215

28,341

30,488

31,725

31,532

33,274

36,425

33,887

34,690

30,280

24,847

21,796

19,479

21,430

26,385

27,082

30,380

30,925

30,000

0

0

0

Operating expenses
Bad debts

5,386

34,419

34,199

32,219

32,210

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss on net investment receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of systems

-1,242

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative

2,469

3,580

4,709

5,476

5,548

5,759

5,870

5,751

5,548

6,522

5,439

5,243

4,531

2,434

2,678

2,095

2,308

2,830

3,143

3,354

3,494

3,923

4,002

3,923

4,160

4,739

4,430

4,555

2,693

1,558

1,321

2,191

4,738

5,630

6,629

0

0

0

Loss on project termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Total operating expenses

9,974

66,429

67,338

66,125

66,188

10,804

8,450

7,596

7,293

5,539

4,455

62,612

61,900

0

0

0

-

-

3,143

3,354

3,494

3,923

4,002

3,923

4,160

6,292

0

0

-

0

-

-

-

-

-

-

-

-

Loss from operations

-9,107

-64,072

-63,330

-60,159

-57,988

-957

3,080

5,082

5,806

8,886

8,919

-48,006

-45,862

-44,246

-41,610

22,348

23,907

25,510

27,345

28,370

28,037

29,350

32,423

29,964

30,529

27,098

19,007

15,831

13,817

15,345

23,504

23,332

25,641

25,294

23,370

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,127

2,920

6,766

10,365

11,772

9,978

6,132

0

0

0

Other income (expenses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,612

-344

-338

-247

0

0

0

-

-

-

0

-

-

Financial expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Loss on long-term notes redemption

-173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income

159

160

158

157

153

150

149

144

143

137

137

134

129

152

170

160

161

219

189

185

192

121

130

173

226

253

280

264

199

156

124

102

110

107

43

0

0

0

Interest expense

2,101

10,591

9,613

9,245

8,738

5,613

5,760

5,631

5,564

6,124

6,519

7,185

7,178

5,864

4,796

4,073

3,217

3,352

3,372

3,012

3,431

4,691

5,792

6,136

6,718

6,463

6,919

8,140

9,246

18,407

18,776

19,347

19,271

8,784

6,986

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of construction in progress of Xuzhou Zhongtai

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on systems repurchase from Yida

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

11

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain on systems repurchase from Jitie and Datong

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of the liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Other income (expenses), net

319

338

338

358

-0

-24

-24

-22

-15

250

451

522

520

315

83

386

20

1,394

1,883

1,089

1,037

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

0

0

Total non-operating expenses, net

-2,690

-12,220

-11,267

-10,881

-8,584

-5,487

-5,635

-5,509

-5,436

-5,681

-5,875

-6,892

-9,713

-12,490

-11,637

-5,608

-2,294

2,843

3,282

-1,748

-2,201

-4,422

-7,819

-7,702

-7,827

-7,822

-6,294

-7,536

-7,672

-14,080

-8,337

-3,360

-1,820

7,467

3,789

0

0

0

Loss before income tax

-11,797

-76,292

-74,598

-71,040

-66,573

-6,445

-2,554

-426

369

3,205

3,044

-54,898

-55,576

-56,736

-53,248

16,739

21,612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income before income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,836

24,928

24,604

22,262

22,702

19,275

12,712

8,295

6,144

1,264

15,167

19,971

23,821

32,762

27,160

0

0

0

Income tax (benefit) expense

-3,024

-141

73

-102

2,627

6,813

7,696

8,061

8,039

1,089

858

-6,827

-6,933

-6,921

-6,236

2,457

3,244

4,384

5,171

5,871

6,111

6,346

6,398

6,764

6,886

5,859

5,707

3,794

2,922

2,289

2,995

3,324

4,232

5,721

5,393

0

0

0

Loss before noncontrolling interest

-8,772

-76,151

-74,671

-70,937

-69,200

-13,258

-10,250

-8,488

-7,669

2,115

2,185

-48,071

-48,642

-49,815

-47,012

14,282

18,367

23,969

25,455

20,751

19,725

18,581

18,205

15,498

15,815

13,416

7,005

4,500

3,222

-1,024

12,171

16,647

19,588

27,040

21,766

0

0

0

Less: loss attributable to noncontrolling interest

-

-

-

-

-3,203

-328

-336

-329

-327

-391

-378

-384

-347

-233

-160

-72

-29

-44

-58

-73

-86

-101

-104

43

186

425

-186

-182

-184

-210

513

547

948

874

878

0

0

0

Net loss attributable to China Recycling Energy Corporation

-8,772

-73,220

-71,655

-67,824

-65,996

-12,929

-9,914

-8,158

-7,342

2,506

2,564

-47,687

-48,295

-49,581

-46,851

14,354

18,397

24,014

25,514

20,824

19,811

18,683

18,310

15,454

15,629

12,990

7,191

4,682

3,406

-814

11,658

16,099

18,639

26,165

20,888

0

0

0

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

-1,511

26

-3,597

-10,076

-5,481

-7,273

2,124

14,837

9,275

1,937

-2,750

-11,851

-11,625

-9,386

-16,699

-10,913

-12,776

-7,364

1,471

396

-222

-6

820

2,917

4,655

4,336

3,093

472

270

46

2,386

4,341

5,200

5,273

3,613

0

0

0

Foreign currency translation gain attributable to noncontrolling interest

-

-

-

-

-137

-28

0

40

19

19

-14

1

1

-9

7

-12

-13

-7

1

0

-1

-78

-77

-11

3

116

106

17

10

9

92

166

197

188

135

0

0

0

Comprehensive loss attributable to China Recycling Energy Corporation

-10,284

-73,194

-75,252

-77,901

-71,478

-20,203

-7,790

6,679

1,933

4,444

-186

-59,539

-59,920

-58,967

-63,551

3,441

5,620

16,650

26,985

21,221

19,589

18,676

19,130

18,371

20,284

17,326

10,285

5,155

3,677

-767

14,044

20,440

23,840

31,438

24,501

0

0

0

Comprehensive loss attributable to noncontrolling interest

-

-

-

-

-3,065

-299

-336

-370

-346

-397

-404

-384

-346

-243

-152

-84

-43

-52

-57

-73

-88

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

542

-79

-165

-174

-201

606

714

1,145

1,062

1,013

0

0

0

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