China Recycling Energy Reported Earnings

China Recycling Energy (CREG) reported a loss of $0.03 per share on revenue of $0.11 million for the . . Revenue grew 414.29% on a year-over-year basis.

China Recycling Energy Corp. 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 outside electrical sources. The Chinese government has adopted policies to encourage the use of recycling technologies to optimize resource allocation and reduce pollution.