China Recycling Energy Corp is based in Xi'an, China and providesenvironmentally friendly waste-to-energy technologies to recycle industrialbyproducts for steel mills, cement factories and coke plants in China.Byproducts include heat, steam, pressure, and exhaust to generate large amountsof lower-cost electricity and reduce the need for outside electrical sources.The Chinese government has adopted policies to encourage the use of recyclingtechnologies to optimize resource allocation and reduce pollution. Currently,recycled energy represents only an estimated 1 percent of total energyconsumption and this renewable energy resource is viewed as a growth market dueto intensified environmental concerns and rising energy costs as the Chineseeconomy continues to expand. The management and engineering teams have over 20years of experience in industrial energy recovery in China.
Company profile
Ticker
CREG
Exchange
Website
CEO
Guohua Ku
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Alibaba Group Holding • Visa • EBay • DiDi Global • Uber • PayPal • Accenture • Nielsen • Fidelity National Information Services • Mastercard ...
Former names
BOULDER ACQUISITIONS INC, BOULDER BREWING CO, CHINA DIGITAL WIRELESS INC, CHINA RECYCLING ENERGY CORP
SEC CIK
Corporate docs
Subsidiaries
Sifang Holdings Co., Ltd. • Shanghai Yinghua Financial Leasing Co., LTD • Shanghai TCH Energy Technology Co., Ltd. • Huahong New Energy Technology Co., Ltd. • Xi’an TCH Energy Technology Co., Ltd. • Erdos TCH Energy • Xi’an Zhonghong New Energy Technology Co., Ltd. • Hongyuan Recycling Energy • Zhongxun Energy ...
IRS number
900093373
CREG stock data
Investment data
Securities sold
Number of investors
Calendar
31 Mar 22
16 Aug 22
31 Dec 22
Financial summary
| Quarter (USD) | Sep 21 | Jun 21 | Mar 21 | Dec 20 | |
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| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
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| Net income | |||||
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| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 149.52M | 149.52M | 149.52M | 149.52M | 149.52M | 149.52M |
| Cash burn (monthly) | 490.69K | (no burn) | 181.89K | (no burn) | 300.82K | (no burn) |
| Cash used (since last report) | 5.19M | n/a | 1.92M | n/a | 3.18M | n/a |
| Cash remaining | 144.34M | n/a | 147.6M | n/a | 146.34M | n/a |
| Runway (months of cash) | 294.1 | n/a | 811.5 | n/a | 486.5 | n/a |
Institutional ownership, Q1 2022
18.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 8 |
| Opened positions | 2 |
| Closed positions | 2 |
| Increased positions | 0 |
| Reduced positions | 0 |
| 13F shares | Current |
|---|---|
| Total value | 12.95M |
| Total shares | 1.33M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Keen Merit Investments | 440K | $4.3M |
| Eastern Good Investments | 440K | $4.3M |
| Lead Crest Investments | 440K | $4.3M |
| MS Morgan Stanley | 5.88K | $35K |
| Advisor | 200 | $1K |
| Tower Research Capital | 178 | $1K |
| JPM JPMorgan Chase & Co. | 1 | $0 |
| C Citigroup | 1 | $0 |
| Proequities | 0 | $0 |
Financial report summary
?Management Discussion
- SALES. Total sales for the years ended December 31, 2020 and 2019 were $0 and $697,028, respectively. The sales in 2019 were from the contingent rental income of Erdos TCH.
- COST OF SALES. Cost of sales (“COS”) for the years ended December 31, 2020 and 2019 were $0.
- GROSS PROFIT. Gross income for the years ended December 31, 2020 and 2019 were $0 and $867,431 a gross margin of 0% and 100%.
Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. sophomore Avg
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New words:
check, diligence, platform, prepayment, referenced, relevant, software, Xian
Removed:
designated, efficient, enforce, funding, minimal, notified, Notwithstanding, paying, supervising, utilization, verbally
Current reports
8-K
Smart Powerr Corp. Receives Notice of Filing Delinquency From Nasdaq
24 May 22
8-K
Smart Powerr Corp. Receives Notice of Filing Delinquency From NASDAQ
22 Apr 22
8-K
Other Events
15 Apr 22
8-K
Amendments to Articles of Incorporation or Bylaws
9 Mar 22
8-K
Submission of Matters to a Vote of Security Holders
27 Feb 22
8-K
Changes in Registrant's Certifying Accountant
4 Oct 21
8-K
Amendments to Articles of Incorporation or Bylaws
28 Jul 21
8-K
Submission of Matters to a Vote of Security Holders
9 Jul 21
8-K
Other Events
23 Apr 21
8-K
Departure of Directors or Certain Officers
18 Mar 21
Registration and prospectus
S-1/A
IPO registration (amended)
30 Aug 21
424B5
Prospectus supplement for primary offering
24 Aug 20
S-1
IPO registration
24 May 19
D
$1.89M in options / securities to be acquired, sold $1.89M, 3 investors
30 Apr 19
424B5
Prospectus supplement for primary offering
15 Apr 19
D
$3.23M in options / securities to be acquired, sold $3.23M, 3 investors
13 Nov 18
424B5
Prospectus supplement for primary offering
30 Oct 18
Other
EFFECT
Notice of effectiveness
5 Jun 19
CORRESP
Correspondence with SEC
30 May 19
UPLOAD
Letter from SEC
29 May 19
UPLOAD
Letter from SEC
10 Apr 19
CORRESP
Correspondence with SEC
7 Mar 19
CORRESP
Correspondence with SEC
6 Mar 19
UPLOAD
Letter from SEC
5 Mar 19
CORRESP
Correspondence with SEC
4 Mar 19
UPLOAD
Letter from SEC
27 Feb 19
CORRESP
Correspondence with SEC
21 Feb 19
Ownership
SC 13G
CHINA RECYCLING ENERGY / Eastern Good Investments ownership change
14 Jan 22
SC 13G
CHINA RECYCLING ENERGY / Keen Merit Investments ownership change
14 Jan 22
SC 13G
CHINA RECYCLING ENERGY / Lead Crest Investments ownership change
14 Jan 22
3
CHINA RECYCLING ENERGY / Zhongli Liu ownership change
23 Jun 20
3
CHINA RECYCLING ENERGY / Yongjiang Shi ownership change
15 Jun 20
SC 13G
CHINA RECYCLING ENERGY / Tian Guichang ownership change
8 May 20
SC 13G/A
China Recycling Energy Corp
13 Feb 20
SC 13G/A
China Recycling Energy Corp
11 Feb 20
4
CHINA RECYCLING ENERGY / Guohua Ku ownership change
25 Apr 19
SC 13G/A
China Recycling Energy Corp
14 Feb 19
Reddit threads
I am down 55%
11 Mar 22
Can someone challenge my investment thesis in EJH(down 98% this year after IPO) with no significant news coming out of the company? Trading below book value with solid op cash flow and steady margins with loads of cash. Thanks.
13 Jan 22
Chinese Stocks May Look Like A Value Buy, But is it Worth the Risk?
6 Jan 22
Daily Discussion Thread - January 3rd, 2022
3 Jan 22
Daily Discussion Thread - December 31st, 2021
31 Dec 21
Daily Discussion Thread - December 27th, 2021
27 Dec 21
Daily Discussion Thread - December 24th, 2021
24 Dec 21
Daily Discussion Thread - December 20th, 2021
20 Dec 21
Daily Discussion Thread - December 17th, 2021
17 Dec 21
Daily Discussion Thread - December 13th, 2021
13 Dec 21