China Recycling Energy Corp. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's total revenues were $18,425,620 against $4,259,807 a year ago. Total operating income was $6,030,032 against $1,859,222 a year ago. Income from operations was $4,654,802 against $819,438 a year ago. Income before income tax was $4,731,318 against $759,664 a year ago. Net income from operations was $3,789,355 against $331,704 a year ago. Net income was $3,797,095 or $0.08 per diluted share against $331,677 or $0.01 per diluted share a year ago. For the nine months, the company's total revenues were $33,885,589 against $6,876,223 a year ago. Total operating income was $12,357,150 against $3,782,756 a year ago. Income from operations was $9,626,179 against $1,239,193 a year ago. Income before income tax was $9,263,774 against loss before income tax of $3,549,961 a year ago. Net income from operations was $8,097,089 against net loss from operations of $4,346,419 a year ago. Net income was $8,107,987 or $0.19 per diluted share against net loss of $4,346,502 or $0.14 per diluted share a year ago. Net cash provided by operating activities was $12,387,225 against net cash flows used in operating activities of $4,456,661 a year ago. Acquisitions of property and equipment were amounted to $15,096 against $113,906 a year ago.

China Recycling Energy Corp, Q3 2009 Earnings Call, Nov-16-2009

China Recycling Energy Corp - Conference Presentation Calls