China Recycling Energy Corp (CREG) financial news, and detailed stock charts
China Recycling Energy Corp (CREG/CREG.OB) Stock Summary:
China Recycling Energy Corporation provides energy saving and recycling products and services in the People's Republic of China. The company, through a joint-operation agreement with Xi'an Yingfeng Science and Technology Co., Ltd., engages in designing, selling, installing, and operating top gas recovery turbine systems (TRT) and other renewable energy products. It also markets CHPG, a power generation by recovering cement residual heat without additional fuel. The company was founded in 2004. It was formerly known as China Digital Wireless, Inc. and changed its name to China Recycling Energy Corporation in 2007. China Recycling Energy Corporation is based in Shanghai, China.182 Employees
Founded in 2004
CHINA RECYCLING ENERGY CORP (CREG:OTC Bulletin Board Market)
LAST $3.60 USD
CHANGE TODAY +0.35 10.77%
VOLUME 24.0K
As of 10:38 AM 01/28/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of CHINA RECYCLING ENERGY CORP (CREG)
|
OPEN
$3.30
|
PREVIOUS CLOSE
$3.25
|
|
|
DAY HIGH
$3.90
|
DAY LOW
$3.30
|
|
|
52 WEEK HIGH
01/12/10 - $4.95
|
52 WEEK LOW
03/18/09 - $0.22
|
|
|
MARKET CAP
139.6M
|
AVERAGE VOLUME 10 D
104.7K
|
|
|
EPS TTM
--
|
SHARES OUTSTANDING
38.8M
|
|
|
CREG Does Not Pay Dividends
|
P/E TTM
--
|
|
| K = Thousands M = Millions B = Billions | ||
Key developments for CHINA RECYCLING ENERGY CORP (CREG)
China Recycling Energy Corp Appoints Robert Chanson to its Board
01/25/2010
China Recycling Energy Corp. announced that the Board of Directors approved the increase in the size of the Board from six members to seven members and has appointed, Mr. Robert Chanson, as its seventh board member. Mr. Chanson was also appointed by the Board as a member of its Compensation Committee and as a member of its Corporate Governance and Nominating Committee. In connection with the appointment of Mr. Chanson to the Compensation Committee, Mr. Timothy Driscoll resigned his position as a member of the Compensation Committee and was appointed as a member of the Audit Committee. The seven-member board is now comprised of four independent members including Mr. Sean Shao, Mr. Julian Ha, Mr. Timothy Driscoll, and Mr. Robert Chanson. Mr. Guohua Ku, Chairman and CEO of CREG, commented, "On behalf of China Recycling Energy, the company emphatically welcome Mr. Chanson to the Board.
China Recycling Energy Corp Provides Financial Guidance for the Fourth Quarter of 2009; Revised Financial Guidance for the Full Year of 2009
01/15/2010
China Recycling Energy Corp. provides financial guidance for the fourth quarter of 2009. For the quarter, the company expects revenues to be in the range of $11-12 million, versus $12.3 million in the fourth quarter of 2008. Net income for the fourth quarter of 2009 is expected to be in the range of $2.5-3.0 million, or $0.05-0.06 per diluted share, an approximately 20% increase from the prior year's fourth quarter results of $2.3 million, or $0.04 per diluted share. For the year, revenues are expected to be in the range of $45-46 million, a more than 130% increase from full year 2008 results of $19.22 million. Full year 2009 net income is expected to be in the range of $10.5-11 million, or $0.22 to $0.23 diluted earnings per share, which is an approximately $13 million increase from full year 2008's net loss of $2.22 million, or $(0.07) diluted earnings per share. The Company had previously indicated it expected full year 2009 revenues in the range of $33 million to $36 million, with net income, excluding non- cash charges, of approximately $8 million. The company is expected to exceed its previous full year guidance by approximately $10 million or 30% in revenue and approximately $3 million or 37.5% in net income.
China Recycling Energy Corp. to Report Q4, 2009 Results on March 31, 2010
01/15/2010
China Recycling Energy Corp. announced that they will report Q4, 2009 results on March 31, 2010.
China Recycling Energy Corp financial resources
CREG Competitors
| Company | Last | Change | |
| No competitor information is available for CREG. | |||
| Market data is delayed at least 15 minutes. | |||
Industry Analysis
| Valuation | CREG | Industry Range |
| Price/Earnings | 13.4x |
|
| Price/Sales | 2.7x |
|
| Price/Book | 2.9x |
|
| Price/Cash Flow | 12.3x |
|
| TEV/Sales | 2.3x |
|
|
CREG |
||
|
CREG transactions
| Type Date |
Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About China Recycling Energy Corp
China Recycling Energy Corp. Announces the Appointment of a New Board Member and the Appointment of Independent Members of Compensation Committee, Corporate Governance and Nominating Committee and Audit Committee
2010-01-26 04:50:40
Quote: Guohua Ku, Chairman and CEO of CREG, commented, "On behalf of
China Recycling Energy, we emphatically welcome Mr. Chanson to the Board. He
brings years of ......Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and E
2010-01-26 04:50:39
Quote: Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On January 25, 2010, China Recycling Energy Corporation (the "Company") issued a
press release, attached hereto as Exhibit 99.1, announcing the Board of
Directors (the "Board") of the Company approved the increase in the size of the
Board from six members to seven members on January 20, 2010. At the same time,
the Board appointed...Read article
China Recycling Energy Corp. Announces Preliminary 4th Quarter and Full Year 2009 Results
2010-01-19 02:49:18
Quote: Read article
China Recycling Energy Corp. Announces the Completion of the 1st 9-MegaWatt Power Unit for Erdos' Project Phase I in December 2009
2010-01-12 03:42:05
Quote: Erdos is already benefiting from their recycled
waste to energy with both reduced power rates and significantly improved
environmental benefits."About China Recycling Energy Corp.China Recycling Energy Corp. (OTCBB: CREG.OB; "CREG" or "the Company") is
based in Xi'an, China and provides environmentally friendly waste-to-energy
technologies to recycle industrial byproducts for steel mills, cement
factories and coke ......Read article
China Recycling Energy Corp. Announces the Completion of Additional US $3.68 Million for Total of US$30.43 Million in Loan Capital Raised by Beijing Trust
2009-12-31 03:40:52
Quote: ("Beijing
Trust") as announced in a press release issued by China Recycling Energy
Corporation on December 8, 2009.Beijing Trust raised 25,000,000 yuan (approximately US$ 3.68 million)
through the sale of 25,000,000 trust units sold at 1 yuan per unit which
included 20,000,000 category A1 preferred trust units (approximately US$ 2.94
million) and 5,000,000 category B2 secondary trust units (approximately US$
0.74 million). The B2 units have been purchased by Xi'an TCH.All amounts raised under th...Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Other Events, Creation of a Direct Financial Obligation or an Obligat
2009-12-31 03:40:51
Quote: Item 8.01 Other Events
On December 30, 2009, China Recycling Energy Corporation (the "Company") issued
a press release, attached hereto as Exhibit 99.1, announcing the first expansion
of the Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan
("First Expansion of the Plan") has been completed by Beijing International
Trust Co., Ltd. ("Beijing Trust") on December 18th, 2009. Beijing Trust made the
announcement of such completion on December 24, 2...Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Fina
2009-12-09 02:03:39
Quote: Item 1.01.Entry into a Material Definitive Agreement
On December 8, 2009, China Recycling Energy Corporation (the "Company") issued a
press release, attached hereto as Exhibit 99.1, announcing the formation of the
Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan ("Plan")
by Beijing International Trust Co., Ltd. ("Beijing Trust") on December 3, 2009.
Under the Plan, Beijing Trust raised 181,880,000 yuan (approximately US$ 26.75
million) throug...Read article
China Recycling Energy Corp. Raises US$26.75 Million in Loan Capital to Finance Erdos Power Generation Project
2009-12-09 02:03:39
Quote: 8 /PRNewswire-Asia-FirstCall/ -- China Recycling Energy
Corp. (OTC Bulletin Board: CREG; "CREG" or "the Company"), a leading
industrial waste-to-energy solution provider in China, announced the
successful raise of RMB 181,880,000 (approximately US$ 26.75 million) of loan
capital to support the Company's Erdos power generation projects.The capital was raised through the formation of the Low Carbon
Fortune-Energy Recycling No. 1 Collective Capital Trust Plan ("Plan") by
Beijing International Trust...Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Othe
2009-12-03 03:47:54
Quote: Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
2009-11-30 05:28:41
Quote: ("Xi'an TCH"), a
wholly owned subsidiary of China Recycling Energy Corporation (the "Company"),
and Inner-Mongolia Erdos TCH Energy Saving Development Co., Ltd. (the "Joint
Venture"; and together with Xi'an TCH, the "Borrowers"), a joint venture between
Xi'an TCH and Erdos Metallurgy Co., Ltd., entered into a Non Promissory Short
Term Revolving Financing Agreement (the "Agreement"), dated and effective from
October 12, 2009, with Citi Bank (China...Read article
China Recycling Energy Corp. to Present at Brean Murray, Carret & Co. 2009 China Growth Conference
2009-11-30 05:28:40
Quote: In addition to
each company presentation, 1x1 meetings will also be offered throughout the
day.About China Recycling Energy Corp.China Recycling Energy Corp. ("CREG" or "the Company") is based in Xi'an,
China and provides environmentally friendly waste-to-energy technologies to
recycle industrial byproducts for steel mills, cement factories and coke
plants in China. Byproducts include heat, steam, pressure, and exhaust to
generate large amounts of lower-cost electricity and reduce the need for
o...Read article
China Recycling Energy Corp. Names Three Additional Independent Board Members Including Chairs of Audit Committee, Nominating Committee and Compensation Committee
2009-11-30 05:28:40
Quote: Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Change in Directors or Principal Officers
2009-11-30 05:28:40
Quote: Read article
China Recycling Energy Corp. to Present at Brean Murray, Carret & Co. 2009 China Growth Conference
2009-11-30 05:28:39
Quote: In addition to
each company presentation, 1x1 meetings will also be offered throughout the
day.About China Recycling Energy Corp.China Recycling Energy Corp. ('CREG' or 'the Company') is based in Xi'an,
China and provides environmentally friendly waste-to-energy technologies to
recycle industrial byproducts for steel mills, cement factories and coke
plants in China. Byproducts include heat, steam, pressure, and exhaust to
generate large amounts of lower-cost electricity and reduce the need for
o...Read article
China Recycling Energy Corp. Schedules Third Quarter Conference Call
2009-11-30 05:28:39
Quote: Beijing Time).Investors in US are invited to participate on the live call by dialing
(877) 485-3104, International investors should dial (201) 689-8579 both
parties should reference event ID 00337567.A replay of the call will be
available for 48 hours following the call.US domestic investors can dial
(877) 660-6853 and International investors can call (201) 612-7415 both
parties can enter pass code 337567.About China Recycling Energy Corp.China Recycling Energy Corp. ('CREG' or 'the Company') is...Read article
China Recycling Energy Corp. Reports Record 3rd Quarter Results and Reached Full-year 2009 Guidance
2009-11-30 05:28:38
Quote: Read article
CHINA RECYCLING ENERGY CORP Files SEC form 10-Q, Quarterly Report
2009-11-30 05:28:38
Quote: See "Foreign
Currency Translation and Comprehensive Income (Loss)" below for information
concerning the exchange rates at which Renminbi ("RMB") were translated into US
Dollars ("USD") at various pertinent dates and for pertinent periods.
OVERVIEW OF BUSINESS BACKGROUND
China Recycling Energy Corporation (the "Company" or "CREG") (formerly China
Digital Wireless, Inc.) was incorporated on May 8, 1980, under the laws of the
State of Colorado. On...Read article
CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Other Events
2009-11-30 05:28:37
Quote: Item 8.01 Other Events
On November 19, 2009, Erdos TCH Energy Saving Development Co., Ltd ("Erdos
TCH"), a subsidiary of China Recycling Energy Corporation (the "Company"), and
Beijing International Trust Co., Ltd. ("Beijing Trust") enter into a capital
trust loan agreement. The loan will come from and is contingent on the Low
Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan ("Plan")
that is to be established and managed by Beijing Trus...Read article
Would you like to leave a comment about China Recycling Energy Corp CREG/CREG.OB
Find out what social network information about China Recycling Energy Corp are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides China Recycling Energy Corp's Stock there is more great Microcap and Stock Market information available at Realpennies.com