China Recycling Energy Corp expected to report Q3 2010 results on November 12, 2010. This event was calculated by Capital IQ (Created on August 18, 2010).

China Recycling Energy Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2010. For the quarter, the company reported total income from operations of $7,673,815, income before income taxes of $6,991,726, net income from operations of $5,130,449 and net income attributable to company of $5,038,317 or $0.10 per diluted share compared to total income from operations of $3,267,064, income before income taxes of $2,888,456, net income from operations of $3,231,416 and net income attributable to company of $3,234,614 or $0.07 per diluted share over the same period last year. Net sales for the three months ended June 30, 2010 was approximately $22.54 million compared to net sales for the three months ended June 30, 2009 of $11.14 million, an increase of approximately $11.4 million. The increase in sales is attributed to the sale of the Pucheng BPGS system compared to the same period of 2009 in which sales for the Jin Yang CHPG system and operating leasing income occurred. Operating income was approximately $9.06 million for the three months ended June 30, 2010 compared to operating income for the same period in 2009 of $3.83 million, an increase of approximately $5.23 million. The growth in operating income was mainly due to the sales of the Pucheng BPGS and the increase in interest income from selling and leasing the company's sales-type lease systems which were two TRT systems, two CHPG systems, one WGPG system and two waste heat power generating systems associated with the Erdos Phase I project. Non-GAAP net income was $7.42 million or $0.15 per diluted share, for the second quarter of 2010, compared with $3.44 million or $0.08 per diluted share a year ago. For the six months, the company reported income from operations of $11,735,877, income before income taxes of $10,565,294, net income from operations of $7,667,251, net income attributable to company of $7,180,678 or $0.15 per diluted share, net cash provided by operating activities of $11,096,438 and acquisition of property & equipment of $131,457 compared to total income from operations of $4,971,377, income before income taxes of $4,532,456, net income from operations of $4,307,305, net income attributable to company of $4,310,463 or $0.10 per diluted share, net cash provided by operating activities of $8,991,410 and acquisition of property & equipment of $14,297 over the same period last year. Operating income was $14.48 million for the six months ended June 30, 2010 compared to operating income for the comparable period in 2009 of $6.33 million, an increase of $8.15 million. The growth in operating income was mainly due to the increase in interest income from selling and leasing of the Company's' energy saving systems through sales-type leasing. Net sales for the six months were $32.66 million compared to net sales for the comparable period of 2009 of $15.46 million, an increase of $17.2 million. The increase was due to the completion and sale of the second 9MW capacity power station of the Erdos Phase I project through sales-type lease in the first quarter of 2010 and the completion of transformation and sale of Pucheng Biomass Power Generation Station. For the six months non-GAAP net income was $11.30 million or $0.23 per diluted share compared with $4.90 million or $0.11 per diluted share for the same period a year ago. The company reaffirmed its guidance that revenue for 2010 will be in the range of $68 million to $72 million, with net income, excluding non-cash charges, of $18 million to $20 million. These targets are based on the company's current views on operating and market conditions, which are subject to change.

China Recycling Energy Corp, Q2 2010 Earnings Call, Aug-17-2010

China Recycling Energy Corp. Announces Listing on NASDAQ Capital Market

China Recycling Energy Corporation (CREG) Chairman and Chief Executive Officer to Ring the NASDAQ Stock Market Opening Bell

CORRECTING and REPLACING -- China Recycling Energy Corporation (CREG) Chief Financial Officer and Vice President to Ring the NASDAQ Stock Market Opening Bell

China Recycling Energy Corporation Announced Record Full Year 2009 Results and the Fiscal Year 2010 Guidance

CHINA RECYCLING ENERGY CORP Files SEC form 8-K/A, Changes in Registrant's Certifying Accountant

China Recycling Energy Corp. Announces Second Expansion of the Low Carbon Fortune-Energy Recycling No. 1 Collective Capital Trust Plan to Raise $13.69 million

CHINA RECYCLING ENERGY CORP Files SEC form 8-K/A, Changes in Registrant's Certifying Accountant

China Recycling Energy Corp. Announces Participation in Upcoming March Conferences

China Recycling Energy Corp. Announces Participation in Upcoming March Conferences

China Recycling Energy Corp. Raises US$26.75 Million in Loan Capital to Finance Erdos Power Generation Project

China Recycling Energy Corp. Announces the Completion of the 1st 9-MegaWatt Power Unit for Erdos' Project Phase I in December 2009

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

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

China Recycling Energy Corp. Announces Preliminary 4th Quarter and Full Year 2009 Results

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

CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and E

China Recycling Energy Corp. Announces Preliminary 4th Quarter and Full Year 2009 Results

China Recycling Energy Corp. Announces the Completion of the 1st 9-MegaWatt Power Unit for Erdos' Project Phase I in December 2009

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

CHINA RECYCLING ENERGY CORP Files SEC form 8-K, Other Events, Creation of a Direct Financial Obligation or an Obligat