China Recycling Energy Corp. (NASDAQ:CREG) Reports Earnings Results


Dallas, Texas 04/01/2014 (FINANCIALSTRENDS) – China Recycling Energy Corp. (NASDAQ:CREG) has announced the financial report of the past quarter as well as the year ending results. The company has reported that the income growth for the year is $62.01 million in the form of systems sale.

China Recycling Energy Corp. (NASDAQ:CREG) has reported that for the financial year ending Dec 31, 2013, the total sale, which includes both the system as well as the contingent rental income is currently to the tune of $63.19 million. This was considered to be an increase by over $61.95 million in comparison to previous year.

China Recycling Energy Corp. (NASDAQ:CREG) has by the end of the financial year of Dec 31, reported that it had completed the power generating work at its Pucheng Phase 2 location. The company also reported that the 12-megawatt biomass project at Shenqiu Phase 2 is regarded as two units. The 3-megawatt project at another location Shanxi Datong Project too was regarded as 25-megawatt heat and power generating system for Jitie project. This will lead to continued construction in other projects the company shared.

The ongoing projects for this company are what will lead to the 15-megawatt waste gas power generating system in Shanxi Datong moving into full production.

China Recycling Energy Corp. (NASDAQ:CREG) it also has to be noted is responsible for the Coke Dry quenching site, where waste heat power generation project is also implemented.

China Recycling Energy Corp. (NASDAQ:CREG)   is expected to see an increase in the overall schedule of delivery of the products.

Currently China Recycling Energy Corp.(NASDAQ:CREG) holds market cap of $2235.11 million and average volume of 661,637. The EPS is 0.24 and outstanding shares are 60.91 million. The company has an infra-day trading average of $3.84 low and $3.90 high, whereas the 52-week average for the stock is currently at high of $6.05 and low of $0.88.