CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (USD $)	3 Months Ended				6 Months Ended
	Jun. 30, 2011		Jun. 30, 2010		Jun. 30, 2011		Jun. 30, 2010
Revenue
Sales of systems	$ 72,544		$ 21,795,873		$ 11,343,798		$ 31,921,309
Contingent rental income	293,128		742,638		585,023		742,638
Total revenue	365,672		22,538,511		11,928,821		32,663,947
Cost of sales
Cost of systems	68,640		16,801,915		8,524,672		24,600,160
Total cost of sales	68,640		16,801,915		8,524,672		24,600,160
Gross profit	297,032		5,736,596		3,404,149		8,063,787
Interest income on sales-type leases	5,488,501		3,323,695		10,626,804		6,418,263
Total operating income	5,785,533		9,060,291		14,030,953		14,482,050
Operating expenses
General and administrative	1,678,768		1,386,476		3,446,457		2,746,173
Income from operations	4,106,765		7,673,815		10,584,496		11,735,877
Non-operating income (expenses)
Interest income	23,862		(37,705)		58,643		21,434
Interest expense	(3,085,498)		(737,075)		(5,611,459)		(1,188,449)
Changes in conversion liability fair value	3,599,312				6,132,906
Other income (expenses)	(708)		92,691		(41,751)		(3,568)
Financial expense	(871)				(1,938)
Total non-operating income (expenses), net	536,097		(682,089)		536,401		(1,170,583)
Income before income tax	4,642,862		6,991,726		11,120,897		10,565,294
Income tax expense	783,701		1,861,277		2,179,631		2,898,043
Income before noncontrolling interest	3,859,161		5,130,449		8,941,266		7,667,251
Less: Income attributable to noncontrolling interest	164,160		92,132		683,298		486,573
Net income attributable to China Recycling Energy Corp	3,695,001		5,038,317		8,257,968		7,180,678
Other comprehensive items
Foreign currency translation gain attributable to China Recycling Energy Corp	1,369,164		385,866		2,351,036		343,948
Foreign currency translation gain attributable to noncontrolling interest	50,281		20,795		86,833		10,550
Comprehensive income attributable to China Recycling Energy Corp	5,064,165		5,424,183		10,609,004		7,524,626
Comprehensive income attributable to noncontrolling interest	$ 214,441		$ 112,927		$ 770,131		$ 497,123
Basic weighted average shares outstanding	42,199,576		38,778,035		40,707,568		38,778,035
Diluted weighted average shares outstanding	55,447,423	[1]	48,754,609	[1]	55,084,616	[1]	48,886,504	[1]
Basic earnings per share	$ 0.09		$ 0.13		$ 0.20		$ 0.19
Diluted earnings per share	$ 0.07	[1]	$ 0.10	[1]	$ 0.16	[1]	$ 0.15	[1]

[1] Interest expense on convertible notes is added back to net income for the computation of diluted EPS.