Fundies.
English

CHINA RECYCLING ENERGY CORP

EDGAR
CREG Quarterly report (10-Q) · filed 2026-05-15

Annual consolidated revenue for 2025: about USD 172.7K, using the latest reported figures. The previous period, 2019, was about USD 867.4K.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments
Watchlist

Latest quarter

Revenue

108 thousand USD

2026 Q1 · USD

Exact inputs and evidence

Operating margin

-497.11%

2026 Q1 · %

Exact inputs and evidence
  • Operating Income: -538637 USD Source
  • Revenue: 108353 USD Source

Operating cash flow

-126 thousand USD

2026 Q1 · USD

Exact inputs and evidence
  • Operating Cash Flow: -125927 USD Source
Cash and cash equivalents
139 million USD Source
Exact value

138813673 USD

Long-term debt including current maturities
22.2 million USD Source
Exact value

22200000 USD

Shares outstanding
23 million shares Source
Exact value

22959128 shares

Reported share-count change

-6.26% · -1.53 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 24491069 shares · 2025-03-31· Source
  • 22959128 shares · 2026-03-31· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

260 thousand USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Revenue: 62214 USD · 2025-04-01 – 2025-06-30 Source
  • Revenue: 90820 USD · 2025-07-01 – 2025-09-30 Source
  • Revenue: 172668 USD · 2025-01-01 – 2025-12-31 Source
  • Revenue: 173659 USD · 2025-01-01 – 2025-09-30 Source
  • Revenue: 108353 USD · 2026-01-01 – 2026-03-31 Source

Net income

-2.56 million USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Net income: -1244816 USD · 2025-04-01 – 2025-06-30 Source
  • Net income: -300374 USD · 2025-07-01 – 2025-09-30 Source
  • Net income: -2900041 USD · 2025-01-01 – 2025-12-31 Source
  • Net income: -2429650 USD · 2025-01-01 – 2025-09-30 Source
  • Net income: -547410 USD · 2026-01-01 – 2026-03-31 Source

Operating cash flow

2.16 million USD

2025-04-01 – 2026-03-31

Exact inputs and evidence
  • Operating cash flow: 64496018 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 64627345 USD · 2025-01-01 – 2025-03-31 Source
  • Operating cash flow: 64443002 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 64496018 USD · 2025-01-01 – 2025-06-30 Source
  • Operating cash flow: 66908783 USD · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 64443002 USD · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: -125927 USD · 2026-01-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-05-15.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 5 of 11 periods available· newest 2025-12-31
  • Operating income: 11 of 11 periods available· newest 2025-12-31
  • Net income: 11 of 11 periods available· newest 2025-12-31
  • Operating cash flow: 11 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 2 of 11 periods available· newest 2020-12-31
  • Total assets: 5 of 11 periods available· newest 2025-12-31
  • Total liabilities: 5 of 11 periods available· newest 2025-12-31
  • Current assets: 5 of 11 periods available· newest 2025-12-31
  • Current liabilities: 5 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 4 of 11 periods available· newest 2019-12-31
  • Long-term debt including current maturities: 1 of 11 periods available· newest 2019-12-31
  • Shares outstanding: 5 of 11 periods available· newest 2025-12-31

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Net income

    −USD 1.34 million

    Prior period

    −USD 1.56 million

    –

    Current period

    −USD 2.9 million

    –

    Exact inputs and evidence

    -2900041 − -1559012 = -1341029 USD

    -1559012 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    -2900041 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +USD 77.67 million

    Prior period

    −USD 10.76 million

    –

    Current period

    USD 66.91 million

    –

    Exact inputs and evidence

    66908783 − -10764096 = 77672879 USD

    -10764096 USD · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    66908783 USD · 2025-01-01 – 2025-12-31

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Revenue, Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue USD 172,668 100% of revenue
  • Operating costs Derived USD 3.19 million 1,846% of revenue
  • Operating income −USD 3.02 million −1,746% of revenue
  • Tax, interest and other Derived −USD 115,564 −67% of revenue
  • Net income −USD 2.9 million −1,680% of revenue

Cash

  • Operating cash flow USD 66.91 million 38,750% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 Operating loss: operating costs were 1,123% of revenue.
  • 2017 Net loss: net income was −113% of revenue.
  • 2019 Operating loss: operating costs were 1,150% of revenue.
  • 2025 Operating loss: operating costs were 1,846% of revenue.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2016-01-01 – 2016-12-314482850 50345065 Derived -45862215 2433217 Derived -48295432 Unavailable
Source
2017 2017-01-01 – 2017-12-316489504 683057 Derived 5806447 13148998 Derived -7342551 Unavailable
Source
2019 2019-01-01 – 2019-12-31867431 9974519 Derived -9107088 -334331 Derived -8772757 Unavailable
Source
2025 2025-01-01 – 2025-12-31172668 3188273 Derived -3015605 -115564 Derived -2900041 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 172.7K 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.3M19.7M13.2M6.6M0.020152016201720192025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Revenue24355500
2016Revenue4482850
2017Revenue6489504
2019Revenue867431
2025Revenue172668

Revenue growth

Change in revenue from the same financial period one year earlier.

44.8% 2017
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.55%18%-18%-55%-92%20152016201720192025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2015Year over yearNo prior comparable period
2016Year over year-81.6%
2017Year over year44.8%
2019Year over yearNo prior comparable period
2025Year over yearNo prior comparable period

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -1,746.5% 2025
Net margin -1,679.5% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.246%-289%-824%-1,359%-1,894%20152016201720192025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2015Operating margin98.2%
2016Operating margin-1,023.1%
2017Operating margin89.5%
2019Operating margin-1,049.9%
2025Operating margin-1,746.5%
2015Net margin75.5%
2016Net margin-1,077.3%
2017Net margin-113.1%
2019Net margin-1,011.3%
2025Net margin-1,679.5%
2015Free cash flow marginNot reported
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2019Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 66.9M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.73.4M49.8M26.1M2.5M-21.2M20152016201720192025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Operating cash flowNot reportedNo source recorded
2016Operating cash flow39514211
2017Operating cash flow-285103
2019Operating cash flow-14649028
2025Operating cash flow66908783

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2015Free cash flowUnavailableNo source recorded
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2019Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

9.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.39.4%29.6%19.7%9.9%0.0%20152016201720192025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2015Liabilities / assets32.6%
2016Liabilities / assets27.2%
2017Liabilities / assets33%
2019Liabilities / assets36.5%
2025Liabilities / assets9.2%

Current assets to current liabilities

Current assets divided by current liabilities.

14.07× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.15.20×11.40×7.60×3.80×0.00×20152016201720192025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2015Current assets / current liabilities1.18×
2016Current assets / current liabilities1.41×
2017Current assets / current liabilities1.35×
2019Current assets / current liabilities1.78×
2025Current assets / current liabilities14.07×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2016-01-01 – 2016-12-31
−USD 48.3 million
Exact value

Exact value: -48295432 USD

2016-01-01 – 2016-12-31: -48295432 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 39.51 million
Exact value

Exact value: 39514211 USD

2016-01-01 – 2016-12-31: 39514211 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2017-01-01 – 2017-12-31
−USD 7.34 million
Exact value

Exact value: -7342551 USD

2017-01-01 – 2017-12-31: -7342551 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 285,103
Exact value

Exact value: -285103 USD

2017-01-01 – 2017-12-31: -285103 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2018-01-01 – 2018-12-31
−USD 66 million
Exact value

Exact value: -65996898 USD

2018-01-01 – 2018-12-31: -65996898 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 2.17 million
Exact value

Exact value: 2168285 USD

2018-01-01 – 2018-12-31: 2168285 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2019-01-01 – 2019-12-31
−USD 8.77 million
Exact value

Exact value: -8772757 USD

2019-01-01 – 2019-12-31: -8772757 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 14.65 million
Exact value

Exact value: -14649028 USD

2019-01-01 – 2019-12-31: -14649028 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2020-01-01 – 2020-12-31
USD 4.05 million
Exact value

Exact value: 4050824 USD

2020-01-01 – 2020-12-31: 4050824 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 82.25 million
Exact value

Exact value: 82248467 USD

2020-01-01 – 2020-12-31: 82248467 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 1,885
Exact value

Exact value: 1885 USD

2020-01-01 – 2020-12-31: 1885 USD Inspect Capital Expenditure Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 82.25 million
Calculation and evidence

82248467 − 1885 USD

Exact free cash flow: 82246582 USD

Share or cite

The citation records this snapshot. The page link may show a newer release later.

2021 2021-01-01 – 2021-12-31
−USD 12.23 million
Exact value

Exact value: -12230190 USD

2021-01-01 – 2021-12-31: -12230190 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 1.61 million
Exact value

Exact value: -1612458 USD

2021-01-01 – 2021-12-31: -1612458 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2022-01-01 – 2022-12-31
−USD 4.46 million
Exact value

Exact value: -4457327 USD

2022-01-01 – 2022-12-31: -4457327 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 351,880
Exact value

Exact value: -351880 USD

2022-01-01 – 2022-12-31: -351880 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2023-01-01 – 2023-12-31
−USD 746,786
Exact value

Exact value: -746786 USD

2023-01-01 – 2023-12-31: -746786 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 68.1 million
Exact value

Exact value: -68099899 USD

2023-01-01 – 2023-12-31: -68099899 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2024-01-01 – 2024-12-31
−USD 1.56 million
Exact value

Exact value: -1559012 USD

2024-01-01 – 2024-12-31: -1559012 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

−USD 10.76 million
Exact value

Exact value: -10764096 USD

2024-01-01 – 2024-12-31: -10764096 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2025-01-01 – 2025-12-31
−USD 2.9 million
Exact value

Exact value: -2900041 USD

2025-01-01 – 2025-12-31: -2900041 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 66.91 million
Exact value

Exact value: 66908783 USD

2025-01-01 – 2025-12-31: 66908783 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

156 filings · 4,135 latest values · 4,107 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0000721693, 721693, CREG, creg, edgar:721693

Also known as BOULDER ACQUISITIONS INC, BOULDER BREWING CO, CHINA DIGITAL WIRELESS INC, CHINA RECYCLING ENERGY CORP, China Recycling Energy Corporation, SMART POWERR CORP., Smart Powerr Corp.